How should I evaluate deferred maintenance before purchasing a property?
Category:
Buying & Investing
Deferred maintenance should be viewed as both a financial consideration and an operational one. Roofs, HVAC systems, parking areas, electrical systems, plumbing, building envelopes, and other major components should be evaluated carefully to understand future repair or replacement costs.
Deferred maintenance frequently affects purchase negotiations, financing, and long-term investment returns.
The cost of ownership begins after closing—not at closing.