While most of us know exactly what we want in our future homes, it’s also important to know what to avoid. This article presents three warning signs you should look out for when purchasing a home.
The goal of buying a home takes years of dreaming, saving, and planning before you get to start the actual process. From the number of bedrooms, the color palette, to the interior, you may have already decided everything you want in a future home. However, there is more to purchasing a home than just picking out which listing has the most number of rooms or has a more spacious garage. While it’s important to know what you want when searching for your future home, you also need to know what you have to avoid.
Here are three red flags you should look out for during your home searching process.
Unpleasant neighborhood condition
One thing that you should not overlook is the condition of the neighborhood. The house may look great and may possess all of the qualities you are looking for in a home but the neighborhood it is in should also be a factor in your decision. In home purchasing, you’re not only buying a home. You’re also buying a permanent place in a neighborhood. Buying a home in an area that has the potential of flooding and a high crime rate can be a big mistake.
A home buyer should always look out for signs of pest infestation in a property. A pest problem can cause a lot of damage to a home and can cost you a lot of money to repair. Make sure to inspect the property and look out for signs of infestation. However, if you don’t trust your ability to inspect a home for pest problems, hiring a licensed pest inspector will be worth it and can be a great help in making an informed choice in purchasing a home.
Cracks on the wall and doors that can’t be closed properly indicate problems in home structure. These problems will cost you extra money to repair especially if the home foundation is involved. If you are leaning towards a home option that has a problematic concrete foundation, you need to decide if you are willing to shell out more money in hiring contractors for the repair. If not, then it’s better to just take it out of your options. While it is unfortunate to find structural damage in a home you thought could be the one, these problems are not like faded paint or light fixtures that can easily be remedied. Only purchase a home with structural damage if you are willing and financially capable to repair it.
Buying a home is one of the major life choices that will have a lasting effect in your life. The home searching and buying process can be a long and challenging road. However, the process can be a lot easier if you have a clear plan and know your priorities. Purchasing a property is a huge life event and one hasty decision or an overlooked warning sign can turn your dream home into a disaster so make sure to take your time and not rush into anything.