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Deferred Maintenance

Deferred Maintenance

Watch out for those money pits.  Would be sellers are hoping to defer the maintenance costs down the road to the new buyers.  That’s why you want to make sure you conduct a thorough inspection and get a sound estimate on what kind of deferred maintenance there may be and exactly how much it could cost you.  Don’t expect the seller to fix everything, but at least make sure that the major things are not going to come back to haunt you.   The first time a new buyer sees an inspection report it can be overwhelming.  At first glance it would seem that there are hundreds of issues with the house and sometimes it can be difficult to digest what the major versus minor issues are, and what can cost hundreds versus thousands to repair or fix.  Is the issue a rusty drip pan in the hot water heater, or is it a leaking water heater.  The first item is not major but the second one can cost you thousands and may require a whole new water heater.  It’s important to have an inspector looking out for your best interests and that will take the time to educate you about the issues they see.  Be sure to hire someone that knows what it takes and what it typically costs to repair the problems.  You don’t want to have to go out and get contractors and competing estimates for all the issues that come up on the inspection report.  Most inspectors can at least give you an estimate of the costs to repair and many of them know good contractors that will charge a fair price.


Here are some of the items that could cost you big:

  • Furnace
  • AC
  • Roof
  • Foundation
  • Major areas of wood rot
  • Plumbing and old pipes
  • Water Heater
  • Electrical

Typically most real estate agents have inspectors they works with and can recommend two or three that are reputable, but you are also free to select one independent of anyone involved in the process.  The important thing is, get one done, and count the cost.

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