Inherited Your Parents' OLD AMERICAN HOUSE? Check These 10 Things Before You Sell or Move In

What year was your parents' house built? Mine's a 1924 foursquare in Ohio. Tell me below. My book: If It Broke, We Fixed It — https://hankdorsey.gumroad.com/l/if-it-broke In the spring of 1994, I walked into my dad's house with his key in my pocket, and I almost made two expensive mistakes in the first month. Here are the ten things I'd check in an inherited old house before you sell it or move in, in the order that saves the most money. In this video: the first week: locks, insurance on a vacant house, heat and water the date-of-death appraisal (talk to a tax pro about the "stepped-up basis") the roof, the attic and the chimney the electrical panel: fuses, old breaker panels, knob-and-tube the sewer line camera inspection the furnace, the water heater and a forgotten oil tank foundation cracks that matter, and basement water lead paint (before 1978) and asbestos: test before you sand what NOT to fix before you sell what to keep before the cleanout crew comes I'm a handyman, not an accountant or a lawyer. Taxes, probate and estate questions go to a tax professional or an estate attorney. Electrical work goes to an electrician, oil tanks to a tank contractor, foundation movement to a structural engineer, and lead or asbestos to a qualified pro. CHAPTERS 0:00 My dad's key, spring 1994 0:40 1. The first week 2:22 2. The appraisal that saves tax 3:56 3. The roof and the attic 5:30 4. The electrical panel 7:07 5. The sewer line 8:36 6. Furnace, water heater and oil tank 10:08 7. Foundation and basement 11:39 8. Lead paint and asbestos 13:16 9. What NOT to fix 14:53 10. What to keep 16:30 The house was theirs, the decision is yours 17:20 Watch this one next If it broke, we fixed it. Still do.