Inspection Checklist Tutorial
Learn how to use the Inspection Checklist to quantify repairs and create scopes of work for potential rehab projects.
The Inspection Checklist is a printer friendly checklist of common repair items, that can be used to walkthrough and inspect potential rehab properties and establish a scope of work for the project which will ultimately be used to create a repair cost estimate.
You can view the inspection checklist directly in Excel, but we recommend you print the Inspection Checklist, take a clipboard with you, and take notes on site of scope of work and repairs needed.
Once you’ve filled out the inspection checklist and determined the scope of work, you will use this information to put together a detailed repair cost estimate using the Repair Cost Estimator.
Inspection Checklist Features
The top left corner of the inspection checklist displays the property information such as the address, square footage, # of Beds & baths and property type.
Structural & Foundation Repairs
On the right, there is a section for structural repairs and foundation repairs with notes to review the foundation or structure for cracks, settling or moisture.
Below, is the section for Exterior inspections and repairs, such as the condition of the siding, painting, roof, windows & exterior structures.
Quantities & General Notes
Next to each repair item, there is a quantity section where you can input the quantity of work needed to be performed.
There is also a section for general notes, if you need to elaborate on the condition of the property or work needing to be performed.
On the right, is an inspection area for the Kitchen with common kitchen repair and replacement items, such as cabinetry, countertops, appliances & flooring.
Common Room Repairs (Bedrooms, Living Rooms, Dining Rooms)
The section below is pre-built with common room spaces such as bedrooms, living rooms, and dining rooms that will all have similar repair items and finishes.
The Bathroom section is pre-built to handle one master bathroom & 3 other common bathrooms, and typical repair items such as vanities, wall & floor finishes and plumbing fixtures.
MEP System Repairs
On the right, there is a small section for MEP systems, (aka Mechanical, Electrical & Plumbing systems), which common repair and replacement items for each system.
Preliminary Budget #s
Often times, before I schedule a walkthrough to walk the property, I will put together a preliminary repair estimate based upon online property photos and perform a preliminary deal analysis to see if the property numbers will be worth my time.
These preliminary budget figures are pulled over to a preliminary budget section where you can review your preliminary numbers and make walkthrough adjustments as needed.
We all know pictures can be a little deceiving online, so preliminary walkthrough #s may need some adjusting…So as you are walking through a property, you can make adjustments to your preliminary numbers to create a post-walkthrough amount.
You can then use this post-walk through repair # to pencil out a maximum purchase price for the property and potentially make an offer right there on site.
The third page is a scaled graph paper page that you can use to sketch out property floor plans and designs or take additional notes as needed.
Once you’ve inspected the property and created a detailed scope of work for the property, you can go back to the office and put together a detailed repair cost estimate using the Repair Cost Estimator & ultimately determine the maximum purchase price you should offer for the property.