What Does It Mean When a Property Has “Good Bones”?

What Does It Mean When a Property Has “Good Bones”?

In the world of real estate investment, the phrase “good bones” is music to an investor’s ears. It typically refers to a property with strong foundational elements—like a solid structure, durable roof, and sound framing—that can support remodeling and value-add renovations. But how do you know if a property truly has good bones? Here’s what to look for when assessing your next opportunity.

Key Structural Elements That Signal “Good Bones”

1. Solid Foundation

The foundation is arguably the most important part of any structure. Large cracks, water intrusion, or uneven floors could indicate serious issues. On the flip side, minor cosmetic cracks in older homes aren’t necessarily a deal-breaker.

• Check for visible cracks in exterior and basement walls.
• Walk the floors—do they slope or feel uneven?
• Look for signs of moisture or water damage in basements or crawlspaces.

2. Roof Condition

Replacing a roof is expensive. Even more costly? Dealing with interior water damage from a leaky one. A sound roof is essential for protecting both structure and interior improvements.

• Determine the age and condition of the roofing material.
• Inspect for sagging, missing shingles, or exposed underlayment.
• Check attic spaces for daylight, stains, or moisture.

3. Load-Bearing Walls and Floor Plan Flexibility

A great floor plan can enhance livability and resale value. While structural changes are possible, working with the existing layout can reduce costs dramatically.

• Look for functional traffic flow through the home.
• Identify load-bearing walls if you plan to open up spaces.
• Avoid homes with major structural alterations done without permits.

4. Strong Framing

Think of framing as the home’s skeleton. It should be straight, dry, and sturdy. Termite or water damage here can be costly and labor-intensive to fix.

• Inspect for rot or mold around baseboards, joists, or attic rafters.
• Check if walls are plumb and studs are evenly spaced.
• Beware of DIY structural work that’s not up to code.

5. Accessible Systems

While plumbing and electrical systems aren’t technically part of the “bones,” having easy access to them can make a huge difference in renovation cost and feasibility.

• Homes with basements or crawlspaces allow for easier upgrades.
• Inspect the electrical panel for modern capacity and labeling.
• Check plumbing materials—copper and PEX are better than galvanized or polybutylene.

Bonus Signs of a Good Investment

• Windows and doors open and close smoothly—suggesting level framing.
• Dry attic and basement spaces.
• Original hardwood floors in good condition.
• Brick or block exteriors with minimal cracking or shifting.

When to Walk Away

Some homes look charming but hide expensive problems. Be wary of:

• Severe foundation instability or movement.
• Extensive termite or mold damage.
• Illegal additions or unsafe remodels.
• Outdated wiring or plumbing that requires full replacement.

Final Word: Look Beneath the Surface

Cosmetic fixes are easy. Structural fixes are not. If a home has good bones, it gives you a reliable base to transform and add value. Always inspect before you invest—and don’t hesitate to bring in professionals for peace of mind. A home with the right skeleton can become a beautiful and profitable asset.