Plumbing Estimates on Foreclosure Properties

The real estate market has been flooded with foreclosure properties. Often times, these properties can be purchased at a below market price. However, these properties also do not come with any homeowner guarantees. They are sold ‘as is.’

Unfortunately, one of the most frequent problem areas found in foreclosure properties is in the plumbing. Foreclosed properties often have not had proper maintenance from the previous owners, due to their economic situation. After the property is foreclosed on, the evicted owners are sometimes also destructive to the property before they leave. Issues with plumbing fixtures may be visible, but many other issues within the plumbing system may not be determined until you are able to turn on the power and water in the home.

In spite of the possibility of hidden issues, having a plumber inspect and provide an estimate on possible bathroom repairs or other plumbing repairs can be very helpful in determining the restoration costs that will be required for the property. A plumbing professional will be able to spot some signs of plumbing system problems that the average homeowner might overlook.

The costs involved in doing extensive plumbing repairs or renovations in an existing home can be much higher than doing the same work for a new home. Getting a rough estimate from one or more plumbers before you buy will give you a much more accurate financial picture regarding your investment in a foreclosure property.