Are you interested in getting a glimpse into the process of assessing a property in Wisconsin? Join me, Neil Hauger, a land specialist with Whitetail Properties, as I take you on a pre-listing property tour in northern Wisconsin. In this article, we will explore the key steps involved in evaluating a property, from inspecting the exterior to assessing the condition of the buildings and unique features. By the end of this article, you’ll have a better understanding of how property assessment works and what factors are considered when determining its value.
Step 1: Exterior Inspection
When evaluating a property, the first step is to conduct a visual inspection of the exterior of the buildings. I start by examining the foundation, siding, roof, and soffits. I take note of any cracks in the masonry, signs of wear and tear on the siding, and the condition of the roof shingles. I also assess the overall maintenance of the property and look for any obvious defects that may require repair or renovation.
Step 2: Assessing the Building
Next, I take a closer look at the building itself, examining the siding, windows, and foundation. For older buildings like this one, it’s important to check if the siding has been well-maintained and if there are any signs of woodpecker holes, warping, or rot. I also assess the condition of the windows and determine if they need replacement. Inspecting the foundation is crucial to ensure its stability and avoid any potential issues caused by frost heaving.
Step 3: Evaluating the Unique Features
This property boasts a stunning fieldstone fireplace, hand-built by a local craftsman. I carefully examine the condition of the masonry and assess any signs of damage or deterioration. The fireplace adds character and value to the property, making it a desirable feature for potential buyers. Additionally, I check for any signs of water damage or moss growth around the property, as these can indicate poor drainage or maintenance.
Step 4: Checking the Interior
While I’m not able to inspect the interior of the building on this tour, it’s important to mention that a thorough assessment of the interior is typically conducted by a professional inspector. However, as a land specialist, I can still visually inspect certain areas, such as the foundation and subfloor, to check for any major cracks or signs of water damage. These observations can provide valuable insights into the overall condition of the property.
Step 5: Discovering Unexpected Features
During the tour, I stumble upon a surprise: a swimming pool. A swimming pool is an unusual find in northern Wisconsin, and it adds a unique element to the property. Although I can’t fully assess its condition, I note that it appears well-maintained with tiled side walls and a composite deck.
By following these steps and thoroughly evaluating the property, I can determine its value and provide the owner with an estimate. It’s important to note that this pre-listing tour is not the final assessment and that a professional inspector should conduct a more detailed examination before a formal listing. However, by conducting this initial assessment, I can gather information that will be used in the discussion with the property owner and potentially in the future listing.
Conclusion
Assessing a property involves a systematic process of evaluating the exterior, buildings, and unique features. This pre-listing property tour allows me, as a land specialist, to provide an initial estimate of the property’s value and discuss it with the owner. While this tour is not a substitute for a professional inspection, it serves as an essential step in the property assessment process.
If you’re considering selling or purchasing a property in Wisconsin, understanding the factors that contribute to property value and conducting thorough assessments is crucial. By following the steps outlined in this article and seeking assistance from professionals, you can make informed decisions and ensure a successful property transaction. Remember, taking the time to assess a property thoroughly can save you time, money, and potential future headaches.