It is very important to keep your eyes open, when buying a home. It can be so easy to be caught in the daze of finding your dream home. But it is important to be sure that there are no underlying issues that could really cost you, in the long run. Here are some red flags to be sure to look out for
1. Potential Foundation or Structural Problem
- cracks in foundation
- crooked door frames
- hard to close doors
In order to truly know whether or not there is damage, it is best to hire a structural engineer. You don’t want to realize this type of issue after your all moved in and the deal is done.
2. Insect and/or Pest Problem
- powder post beetles
- carpenter ants
A pest inspector is inexpensive and well worth the investment. In the long run, a pest issue can cost a large amount to fix if not caught early on.
3. Random Fresh Paint
Typically, a fresh coat of paint can really freshen up a room. However, a small patch of fresh paint could point towards a trouble sign. It could be covering a water mark, or something more serious that the seller is trying to hide.
4. Amateur Workmanship & Repairs
All repairs to a home will not necessarily be completed by professionals. Therefore, be careful to double check your plumbing, carpentry, and electrical work specifically before sealing the deal.
5. Odors: Both Good & Bad
As bad as an unpleasant odor may seem, a good odor can also be a sign for concern. If it seems that a home owner is using excessive means to make the home smell nice, it may be worth investigating why that is.
6. Poor Overall Neighborhood Condition
Although you may love a house, the neighborhood surrounding it is something very important to pay attention to. Red flags include boarded up or vacant properties. Any problems or crimes may not seem like huge issues currently but you don’t know how they influence the future, especially your homes long term value.
7. Stains on Walls and/or Ceilings
As we mentioned covered up stains before, it is important not to dismiss uncovered stains as well. Just because the seller doesn’t see the stain as an issue to hide, it is important to get to the root of the issue, and know what you’re getting into.
8. Electrical System Issues
You may not feel like you are a valid tester of a home’s electric, but you would be surprised. There are a few simple things you can do to see how everything is running. You can switch the lights on and off, as well as test the outlets, to see if anything seems to not be working as it should.
9. Poor Drainage or Grading
Proper drainage may not always be an easy thing to spot. However, if you take note after it rains…are there pools of water in the grass? Overflowing gutters? Water stains in basement? Consider these warning signs.
Mold is never a positive aspect for a home to possess. Be sure to make sure that your not jumping into a new home, that also comes with new mold. It could be very harmful to you and your families health, and not the cheapest issue to fix if caught too late.
(Graphic credit: Phoenix Real Estate Guy)