I just received a question from a reader asking, “Do you use a team of contractors or a property inspector to look at the rehab that is going to be needed on the property?”

Here is my response:

I have used home inspectors for many properties, but as I developed my network of contractors, I generally bring them in to do the inspections for a couple of reasons.

First, although home inspectors are impartial, many are very worried about the liability of missing something or the client suing for not disclosing something. This often results in a huge report on the property you are looking at, in my opinion, often blowing the problems out of proportion. Although it might be good for negotiating with the Seller, it often scares Buyers away from a perfectly nice property.

Second, my home contractors will often go with me through the place for free and give me a list of what needs to be done. The advantages of this are that these guys are experts in those issues, I trust them, and I get a valid estimate on the repairs– rather than a guesstimate from the home inspector.

Now, I’m not saying not to use a home inspector. Like I said, I have used them, too. However my personal preference is to use my trusted contractors who are the ones who are going to do the work. In order to do this, though, you need to have professionals who can look at the building structure, electrical, plumbing, HVAC, etc. If you are not at that point, then a home inspector may be a good option.

Best of luck,
Steven