Philadelphia Real Estate – My two cents on Home Inspections
Here is what I suggest you do for all resale properties- get a home inspection. Yeah, even for a Rittenhouse Square condo, or an Old City loft.
Generally speaking, you can at least ask the seller to fix something…even if that something is about the same cost as the home inspection- like a one year home warranty.
When I buy a property, I look for two things- safety issues (which are almost always electrical in nature) and structural items. I am well aware that the hot water tank is going to go on the fritz in the next 5 years. Yeah, I also know the heater needs to be serviced to run optimally.
What I don’t want is for the total of the needed major defects to be so great that it impacts my perception of the value of my purchase of any variety of new Philadelphia condos.
Owning a piece of Philadelphia real estate is like owning a car. You have to regularly change the oil, tune it up, get it detailed, and shampoo the carpets to maintain value.
Mark Wade
www.CenterCityCondos.com
Prudential Fox and Roach REALTORS®
530 Walnut St., Suite 260 Philadelphia, PA 19106
