3 Red Flags To Look Out For When Buying A Home
April 23, 2019
Not all home sellers are completely truthful about the condition of their property. Sadly, most of us cannot afford hiring a professional inspector for each property that we view. Thus, here are a few things that you can spot yourself, telling you to avoid the purchase.
Firstly, always look at the neighborhood. Is the number of homes and businesses dwindling? Talk to your potential new neighbors and ask what the area is like. Next, look at the land. If you find that the yard slopes downward towards the property, it is possible that rainwater would run down it and damage the foundations. You should also look into whether there are any weird smells in and out of the property. Bugs and insects are a bad sign as well. If there have been bugs or insects, people in the street are likely to know about it, so ask them.
Then, you need to look into things that may have caused damage to the property that are very hard to fix. A few of the things you need to look for are signs of water damage, pest damage, asbestos, mold and faulty wiring. Unfortunately, it can be very difficult to spot any of these problems. The current owners may not even know that the problem is there. If they do know any of these problems are present, they may do all they can to keep them hidden. All that needs to be done in order to hide problems like this is a bit of cleaning and reducing power usage. In order to find out whether these issues are present, you will need a professional home inspection; but you can also speak to community members. They can tell you about the history of various properties in the area. Usually, problems like pests, water damage and mold don’t occur in just one home.
In truth, you are the only person who can really make a decision in terms of whether or not to buy a home. Additionally, if you find that there are certain problems, you could use this as a negotiating point to drive the price down. However, you must also be very careful that you aren’t buying into a money pit, or a property that you will never be able to sell again. A home is a place where someone, either you or a tenant, will have to live and this means it does have to be an enjoyable property to seem extent. It goes without saying that checking the condition of the property itself is very important, but the area it is in must be focused on as well. A property inspector is all you really need in order to look into the condition of the actual property after all. When it comes to the neighborhood, however, you need to have a personal feel, something that cannot be achieved by a check box list.