What to Inspect Before Investing Checklist for Dayton Real Estate Investors - article banner

With the vast number of options available in the market, finding the right type of property has become trickier than ever. Every buyer wants their investment property to have the potential of attracting tenants and the subsequent revenue. Given the rising appeal of Dayton as a homeowners’ market, purchasing such a unit in Dayton can be a major financial investment.

However, before you proceed with the purchase, it is essential to know if the property is worth investing in. Identifying all the major and minor issues of the unit and getting them fixed before the purchase can help you save money in the long run.

Investors tend to focus mainly on the location of the property. While factors such as a good school district, easy access to transport, and proximity to hospitals, parks, and shopping spaces are important, there is more that you need to inspect before investing.

Here’s a quick inspection checklist for real estate prospectors and soon-to-be-investors, for shortlisting a property in the Gem City.

The Real Estate Investor’s Ideal Property Inspection Checklist

  • Identify structural damages

The structure of the property determines its strength. Check the roof and the walls for weather damage, cracks, mold, or leaks. If the tiles or flooring of the house are damaged, you might need to level the floor and fix all the broken tiles.

Hire a professional to check every nook and cranny of the house for pest infestation or mold with the help of proper tests. A damaged structure could cost you a fortune for repairs, and therefore it should be the first on your list.

  • Check if the kitchen is in good condition

The kitchen is an integral part of any house. It is advisable to choose a house that has a spacious and properly ventilated kitchen. The sink in the kitchen should be intact and should have an adequate supply of water. The kitchen chimney and exhaust must be functional, so that the risk of smoke accumulation is minimized.

Make sure that the countertops are smooth and dent-free and appliances such as the stove, dishwasher, and microwave are operating correctly. Another important factor to consider is the storage space. Check if the kitchen has enough drawers, shelves, or other storage units, or if there is enough space to install new ones.

  • Examine the bathroom and plumbing systems

The bathrooms must be well ventilated and should not have mold or any water damage. Examine the faucets and plumbing for any leakage. Ensure that the toilet and the bathtub drain without any difficulty. A clean and usable bathroom is a basic necessity for any good rental house.

  • Check the HVAC system

Checking the electrical connections of the house is critical for safety, especially the HVAC systems. These systems are common in modern properties and should be inspected by a professional. They should be well maintained and serviced for optimal performance.

  • Evaluate the dimensions of the rooms

The area of the place, rather than the number of rooms, is important. It makes more sense to invest in a property that has considerably large and open rooms with big windows. More space in a room gives you greater scope for furnishing. You must therefore be mindful of the length, breadth, and height of the rooms.

Inspection checklist for real estate prospectorsIf you are planning to invest in a rental unit in the Dayton real estate market, taking the help of a professional Dayton property management company can be highly beneficial. At ManCo Property Services, we offer pre-purchase home analyses for investors. In addition, we also provide professional guidance regarding the work that can be required in order to make the asset rent-ready. Connect with us at ManCo Property Services to take advantage of our inspection services and increase the likelihood of finding the perfect investment property.