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Jul15

Top Deal-Breakers for Home Buyers

So you have found an amazing home with an affordable price. Now, you are pressured to make an offer right away. Well not so fast. You have to understand that some homes in the market come with problems that may lead to expensive repairs. 

Most of these problems may go unnoticed, and you want to spot them before signing on the dotted line.  That said, it is important that you hire a home inspector to make sure that the property is in good condition. 

If the home inspection report came back with any of these issues, don’t be afraid to walk or run away. It’s a big decision so know what you’re getting into.

Water damage

Water damage is very costly to repair. The average cost of water damage repair is $2600. Of course, the cost may vary depending on the amount of water damage, type of water, size of the area, and other factors. 

When looking at homes, be sure to look for signs of water damage. Dark or wet spots on the wall or ceiling, damp or musty smell, and puddles around the pipes, toilets, and sinks are some of the most common signs of water damage. 

Buying a home in a high-risk flood zone can easily translate to a dramatic increase in insurance costs. Plus, it would be extremely difficult to sell your home in the future. 

Mold

Keep your eyes and your nose open. If you notice a musty smell or see any yellowish, brown or black marks on the dry wall, be sure to get an evaluation from a home inspector. 

Old roof

Generally, a roof is designed to last for 30 years before requiring replacement. Buying a home with an  old roof is not a problem, as long as it’s not leaking. 

But if you are to buy the house, be sure that you start saving as it won’t last that long. Replacing the shingles usually costs thousands of dollars, but if the roof sags, then you have no choice but to replace it.

Structural problems

Sometimes, small annoyances are signs of a bigger structural problems. It affects the safety and integrity of the house. 

The roof is a good starting point when inspecting for a structural damage. Sagging or uneven roof line is an indication of structural damage. Also, take note of simple issues such as hard to open doors and windows, as well as cracks on the walls. These are signs of serious problems that need to be addressed sooner rather than later. 

If you notice any cracks in the wall, then this could be a sign that the house has some structural problems. The house could be settling and sinking due to drainage issues or poor soil. 

Small, hairline cracks are common among older homes, but does not necessarily equate to structural problems. Look for wide cracks- those that are big enough that you can stick your fingers in.