It is not every day that you see one large building converted into multiple residential properties. Multifamily renovations present several unique challenges that prospective buyers should keep in mind before putting in an offer.

Considering the extreme renovations that take place when dividing a large property into two or more homes, there is no one who knows the right questions to ask as well as multifamily renovation contractors. Continue reading to learn the four questions that our team at Genesis Construction recommends asking before buying a new home.

4 Questions to Help You Find the Right Multifamily Renovated Home

1.Why is the current owner selling?

There are plenty of understandable reasons to sell a home. Whether the kids have moved out and it’s time to downsize or you decide to take a job across the country, leaving a property does not necessarily mean it is a bad place to live. However, when someone is selling their multifamily renovated home, it could be a sign of noisy neighbors, outdated plumbing, or other problems. Make sure you understand why the current owner is selling before buying a multifamily home.

2.What is the repair history of the entire multifamily property?

When buying a multifamily home, you will not only need to review the list of repairs and maintenance checks that have been completed in the home that is for sale, but you will also have to inspect the neighboring homes. By requesting a complete history, you will gain a full understanding of what type of problems your new home may be susceptible to.

3.What do the neighbors have to say?

One of the great advantages of purchasing a multifamily home is that you can get plenty of useful information from the neighbors. Don’t be afraid to knock on a few doors and ask about the area, the state of the building, and the people who live there.

4.Does the property pass an inspection by a multifamily renovation contractor?

Before even thinking about purchasing a multifamily home, we highly recommend speaking to a top-rated multifamily renovation contractor and organizing a home inspection. Our contractors at Genesis Construction know exactly what to look for and what the common problems are on these properties. By speaking to a multifamily property expert, you may find problems that a regular contractor would not.

Are you thinking about buying a multifamily property? Our top-rated multifamily renovation contractors are here to help! Contact us today at 1-847-895-4422!