πŸ”

Due Diligence Checklist

Mark each item: βœ… Pass, ❌ Fail, or βž– N/A

0 of 0 items reviewed
0

Passed

0

Failed

0

N/A

0

Pending

πŸ—οΈ Structural & Exterior

β–Ό
Foundation

Check for cracks, settling, moisture. DEAL KILLER if major issues.

Roof Condition

Age, remaining life, leaks, missing shingles.

Exterior / Siding

Siding condition, rot, paint, trim.

Windows & Doors

Seals, operation, age, energy efficiency.

Grading & Drainage

Water flowing away from foundation, no pooling.

βš™οΈ Mechanical Systems

β–Ό
HVAC System

Age, capacity, condition. Adequate for whole house?

Electrical Panel

Panel size (200A preferred), wiring type, GFCI in wet areas.

Plumbing

Pipe material, water pressure, drain speed, main sewer line.

Water Heater

Capacity (50+ gal or tankless needed for coliving), age.

πŸ›οΈ Coliving-Specific

β–Ό
Room Sizes Meet Code

Each room β‰₯ 70 sq ft (check local requirements).

Egress Windows in All Bedrooms

Required for legal bedrooms. Check size requirements.

Bathroom Ratio Adequate

Ideal: 1 bath per 2-3 rooms. Can more be added?

Parking Sufficient

Enough spaces for number of rooms to rent.

Room Doors Can Be Locked

Can install keyed entry locks on each bedroom door.

Kitchen Adequate for Multiple Tenants

Counter space, storage, appliance capacity.

Laundry Access

W/D hookups or space for units.

βš–οΈ Legal & Regulatory

β–Ό
Zoning Allows Room Rentals

DEAL KILLER if zoning prohibits.

No HOA Restrictions on Rentals

DEAL KILLER if HOA prohibits coliving.

Prior Work Properly Permitted

Check for unpermitted additions or modifications.

Clean Title

No liens, judgments, or encumbrances.

πŸ”₯ Safety & Compliance

β–Ό
Smoke Detectors in Every Room
Carbon Monoxide Detectors
Fire Extinguisher Access

🚦 Due Diligence Verdict

🟒

PROCEED

All clearβ€”move to closing

🟑

NEGOTIATE

Issues foundβ€”renegotiate terms

πŸ”΄

WALK AWAY

Deal killers foundβ€”exit deal