Buying a home is a big financial commitment, typically the biggest one a person will make in their lifetime. That means it’s essential to know just what you’re getting into before you put any money down. Not paying attention to red flags is an uneducated purchase that can ultimately cost you a lot of time and money.
To help avoid heartache and save your hard-earned cash, after you’ve checked a home affordability calculator so you know how much you can spend, keep a close eye out for these red flags as you shop around.
All the Neighbors Seem To Be Moving
Even if the house is perfect, don’t forget to take a look around the neighborhood. Are there a number of other homes for sale? Have businesses in the area been boarded up? Try to talk to some of the neighbors to find out if there are lots of people wanting to leave and/or if there are any major issues that could leave you stuck with a bad investment.
If there’s been any damage from a past storm, whether it’s a flood, hurricane or tornado, it can cause problems for years. You’ll want to carefully inspect the siding, roofing and any exterior railing for damage by water and wind, as well as drywall, to determine if water could intrude, creating potential mold problems. There are many signs to check for on the roof – Owens Corning roofing company offers some great details in this article that can help you create your own list that makes it easier to remember what to look for when buying a home.
If possible, go to showings when it’s raining buckets and then take a look at the basement. It will expose any water issues with the foundation which would be a major red flag to move on to another option.
Signs of Poor Home Maintenance
If the home doesn’t look like it’s been lovingly cared for, even if there are seemingly minor issues, you have to wonder what else the homeowner neglected. For example, are there gutters with plants growing in them? Is the lawn over-growing with weeds? Is the mason crumbling? Are there peeling, cracked or dirty painted surfaces or any makeshift wiring? Maintaining a home can take a lot of work and some people just aren’t cut out for that, s be sure you know what you’re in for when considering a neglected home before signing the dotted line.
There’s a Bad Smell
A bad smell, inside or out, can be a sign of a bigger issue that could cause your wallet to take a significant hit. Pay close attention to smells when buying a home, if you smell gas or sewage and the home is 20 years or older, it may be that the system is clogged or damaged by tree roots. Usually, a sewer and plumbing company can send a camera through the pipes to figure out if there’s a problem.
Other odors to think about include mold or mildew which can indicate a huge problem as removal can cost thousands. A pet or smoke smell can be minimized with some effort, but those smells can take a long time to totally dissipate. If you don’t detect any smell but the aroma of potpourri that’s been placed in huge baskets all over the house, that just might be a red flag too.
Thanks for stopping by today, I hope you’ve enjoyed this post.
*This is a guest post