If someone is eager to sell their property, they may keep a few defects hidden. Unfortunately, hiring a professional inspector can get expensive if you are viewing multiple homes. Therefore, here are some things that are obvious even to a novice which can tell you not to buy the home.
Firstly, be very careful before you buy a property listed as a “fixer up.” It is certainly true that these properties seem very interesting because they are so affordable. Many of us believe that we have sufficient DIY skills to fix up such a property. However, you are likely to find that only qualified professionals are able to actually fix the problems. Unfortunately, these professionals cost a lot of money, often more than you may have budgeted for. Next, you must be careful with properties that have modifications made that are clearly DIY. With all the best intentions, things that have been done without professional help can look great, but are often full of problems.
You are now ready to see whether the property was looked after properly. Signs of regular maintenance are hugely important. A home that is run down on the outside will probably be in a similar state on the inside. Check the wiring as well. Although you probably won’t be able to identify all of the problems yourself, some red flags are easy to spot. If you spot that outlets are warm or that lights flicker, there is likely to be a wiring problem. Similarly, if you notice that there is a single wall, or just a few walls that have been painted very recently, where others haven’t, the owners may be hiding something. Next, look closely at the windows. Windows that have mold or condensation or that open with difficulty may be signs of very expensive problems.Never even consider purchasing a property that you cannot see in full. 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.
In truth, you are the only person who can really make a decision in terms of whether or not to buy a home. Plus, it is certainly true that a home with problems is often a home that can be sold at an even greater discount. However, you must also be very careful that you aren’t buying into a money pit, or a property that you will never be able to sell again. Homes, whether purchased as an investment or not, are places for people to live in, which means they have to be inhabitable. Naturally, it is vital that you also check the property itself, but don’t forget just how important the neighborhood actually is. All you really have to do in order to find out whether the property itself is any good is hire a property inspector. When it comes to checking out the neighborhood, however, it isn’t so much about cold, hard data, but rather about personal feelings and emotions and whether or not you like it.