Buying a house is supposed to be a fun and exciting time. The problem, however, is that because we want to buy a home so badly, we sometimes don’t see the flaws the property has. Yes, some properties seem to just call to us, but if they have certain issues, you should still walk away. Let’s take a look at a few of these red flags.
Firstly, always look at the neighborhood. Does it look like everybody is leaving? Make sure that you speak to some of the residents and ask about what the community is like. Also check out the land. If you notice that the yard is on a downwards slope towards the property, the foundations could be affected by rain water. If you notice any bad smells, there is generally something amiss. Also look for bugs and insects. Make sure you speak to others in the street about this, as they are likely to know about pests.
There are also a number of things that can cause a lot of damage to a property that are almost irreparable. A few of the things you need to look for are signs of water damage, pest damage, asbestos, mold and faulty wiring. Sadly, in order to see these problems, you may require quite specialized skills yourself. The current owners may not even know that the problem is there. In the cases where they do know that these issues are present, they may take steps to hide them. By simply ensuring the property is very clean and no sockets are used unnecessarily, you are not able to see the problems are there. 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 will quickly tell you whether any of these problems have occurred in the area in the past. Usually, problems like pests, water damage and mold don’t occur in just one home.
Basically, you should not purchase a property that has not gone through a professional inspection. However, the hints and tips above should tell you whether or not it is worth investing in an inspection at all. If any problems are present, you can choose to walk away from the property, or you can request a huge discount on the purchase price so you can arrange the necessary repairs. Make sure you take home inspectors’ opinion on board too. Their goal is to make sure you get a good deal on a property.