•1. Lead. Prior to 1978, most homes used lead based paint. Since lead is known to cause mental retardation and health issues among children, it is federal law that all rental units notify potential occupants of the possible existence of lead in homes built prior to 1978. De-leading can be done but may be expensive especially if the home also used lead pipes. Other potential sources of lead contamination include the soil surrounding the home. If in doubt – test paint, water and soil samples for lead.
•2. Radon. This colorless, odorless gas is frequently found in some areas of the country especially in newer homes that tend to be tightly sealed and “weatherized”. Purchase an inexpensive radon test kit to find out if a potential property is impacted.
•3. Mold/Mildew. Insurance companies hate it, consumers fear it and most savvy investors realize how easy it can be to remedy. Prior water damage from flooding, roof damage, pipe problems or other humidity control issues can lead to the presence of mold and mildew.
•4. Air Quality. The Environmental Protection Agency has recently released studies indicating the air quality in some homes to be worse than the smog of Los Angeles…quite a feat if you think about it especially when you realize the worst culprits are not toxic waste dumps or super fund sites but rather indoor pollutants. In most cases things like air deodorizers, cleaning agents, carpeting and other common materials contribute to degraded air quality issues. Test the air then search for the source. In most situations, air vents, enzymatic treatment and other simple solutions fix the problem.
•5. Water Quality. Although not always as simple to fix as air quality, water quality issues aren’t always a deal breaker; iron, sulfur and calcium build-up might be unsightly but presents little real health risk. Homes with private water sources are particularly susceptible – and can often be corrected with the addition of a professional filtration system.
•6. Asbestos. Used in everything from roofing tiles to fireproof surrounds, asbestos was a favored building material for years. Unfortunately, it is also a known carcinogen that requires specialized handling and disposal.
•7. Meth and Other Drug Lab’s. From flop houses to full blown meth labs, sooner or later most short sale investors will come across a foreclosed home contaminated by drugs. It is important to understand the local, state and federal guidelines required to properly recondition the home prior to making a bid.
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Thanks for reading this, Roland Lorans.
Roland is a Real Estate Agent at Better Home and Gardens Real Estate Metro Brokers .
Phone: (770) 866-2561 or 404-843-2500 email@example.com.
Roland Lorans specializes in Loan modification assistance and Home Short Sales in Hamilton Mill Dacula, Buford, Suwanee, Alpharetta GA and Metro Atlanta Georgia
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