Are you currently looking at properties to invest in? If so, you have probably noticed what a vast array of choices you have, whether it is a move-in ready house or a fixer-upper, you will want it to be a wise investment. In this month’s blog, we are going to consider properties that have a previous history of fire damage to help you determine if this is a good choice for you.
We should mention first that buying a fire-damaged property is not necessarily a bad investment but finding out all you can about its condition is crucial. A lot depends on what type of damage it sustained and how quickly it was cleaned up.
One big problem with fire is that it leaves behind some very toxic substances. If that was not bad enough, the worst damage usually comes from smoke. This is because even if the fire were reasonably small and easily contained, the smoke from it could fill the entire building. If this is not thoroughly cleaned up, it will create an extremely dangerous environment.
Another major issue with properties that have had a fire is water damage. A huge amount of water is used to extinguish a house fire and if this is not treated correctly afterward, it can lead to problems like mold that will affect the building for a very long time.
So, what should you do to ensure that a fire damaged property is a wise investment? Remember that a simple walkthrough of the property may not reveal its true state so you must have the place thoroughly inspected by a qualified, experienced home inspector who will be able to assess the real condition of the property.
