If someone has left you an old, outdated house in their will, and you aren't sure if the house is going to be difficult to sell, there are some things to take into consideration. Before deciding to hire a real estate agent and get the house appraised, you may want to consider finding a home buyer who purchases houses for cash to remodel.
If the house has a lot of dangerous and outdated internal fixtures, repairing the house to sell it may be costly. Look into the following things.
Outdated Electrical or Plumbing
If the electrical wiring is so outdated that it's potentially dangerous, and the plumbing pipes and fixtures are galvanized, these are problems that the inspector is going to see and flag. You'll want to have these features of the home evaluated by the right experts so you can find out if there are hazards and what it's going to cost to replace the electrical or the plumbing system.
Lead and Asbestos
Lead and asbestos can be found in building materials that were used to construct the house originally, and could be causing health concerns now. If the age of your home and some of the materials you see make you suspicious that either of these toxins could be a problem, have an inspector come into the house. The inspector can let you know what the cost will be to abate the lead and asbestos or to have it all removed.
The roof is one of the first things people are going to see when they pull up to the house, and it's going to be a costly fix. With a roof inspection, you can see if there are any water or pest concerns that could end up costing the buyer money or you can see if the shingles need to be removed and replaced.
If you can turn a profit on the house and you are going to make money, having these different things fixed may be worth the cost and your time. Talk with the service providers to see how long each project is going to take, what it will cost you, and what you will have to do after the project to restore the home to a sellable state. If the older home is in a good area and the potential profit outweighs the hassle, fixing it up before selling it is worth it.
For lead paint removal, contact a company such as IRS Environmental of WA Inc.