Buying a house is supposed to be a fun and exciting time. Unfortunately, because of all that excitement, we can be blindsided at times and purchase something that isn’t worth our money. As much as you may feel that a certain property has stolen your heart, if it exhibits a number of red flags, you should leave it behind. Let’s review a number of these red flags.
First and foremost, think hard before you buy a “fixer up.” These properties are often very cheap, which makes them very attractive. Most of us think that the things that do need to get fixed up are things we can mostly do ourselves. However, you are likely to find that you will need to bring in qualified professionals to really do the work. Unfortunately, these professionals cost a lot of money, often more than you may have budgeted for. You should also be wary of properties that have had DIY fixes. Although a DIY job can look great on the surface, it is likely that it actually has a whole lot of problems.
You are now ready to see whether the property was looked after properly. You should be able to tell whether it was maintained regularly. If you notice that there is a lack of structural maintenance on the outside, the inside will probably be the same. Make sure to inspect the wiring. Only a qualified electrician can identify real problems, but you can have a general look. For instance, flickering lights and hot or warm outlets are signs of a bigger problem. Check whether it looks like some of the walls have been repainted recently, which could be a sign of them trying to hide something. Also look 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.It goes without saying that if there are any rooms that the sellers don’t want you to see, you should avoid the property completely. If there have been any structural changes to the original property, you need to check whether these were done in accordance with various building regulations.
The bottom line is very simply that a home should never be bought unless a professional inspector has given you the green light. With the information above, you should be able to find out whether you should walk away, or whether hiring an inspector is a good idea. 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. Also, always trust the advice of home inspectors. Home inspectors will tell you honestly whether or not a certain property is worth investing in.