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.
First and foremost, think hard before you buy a “fixer up.” Many people are interested in these properties because the price is so low. Most of us think that the things that do need to get fixed up are things we can mostly do ourselves. In reality, however, they are often things that must be done by qualified professionals. The fees of these professionals may be much higher than you had expected. Next, properties that have had DIY repairs can also be a red flag. People may have done a really good job, at least cosmetically, but the reality is that it may be saddled with problems.
You should now look at the property itself and how it was treated. You should be able to tell whether it was maintained regularly. If it looks run down from the outside, it is likely that the inside isn’t in a much better condition either. Check the wiring as well. Only a qualified electrician can identify real problems, but you can have a general look. If lights flicker or outlets are warm, there is a chance that the wiring is faulty. If you notice that only a few of the walls have been painted recently, it is possible that the owners are trying to hide something. Next, look closely at the windows. If there are signs of condensation or windows don’t open properly, it could be a sign of serious damage that will cost you a lot to repair.Naturally, never view a property that you are not allowed to see in full. Additionally, if you notice that any structural work has been done, such as the removal of walls or floors, you need to find out whether that work was done properly by a qualified architect.
The bottom line is that you should never purchase a property without having it professionally inspected. 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. Do also consider the opinion of your home inspector. The goal of professional home inspectors is to make sure that you can truly get your dream home, and not some sort of money pit disaster.