The housing market is competitive and if you are a first-time buyer, you’d be forgiven for jumping in feet first and putting in an offer on the first home that you see that you like. After all, what’s to say that it won’t get snapped up very quickly?
But when you rush to buy the first house that you see, you are putting yourself in a position where you are not thoroughly inspecting the house and carrying out all of the research needed to make such a big decision.
Before you buy a house, there are certain things that you should look out for. If you see signs of any of these things then it should be a red flag and you should reconsider buying the property. All of these checks need to be made before you commit to buying the home.
In this article, we’ll take a look at some of the problems that you should not ignore when buying a house.
A High Crime Rate
Before you buy a home, check on the local crime stats to see whether the area has a high prevalence of robbery or aggravated assault. A high prevalence of these types of crime in your area could reduce the value of your home considerably.
You should also look at which way the crime rate is moving. If it is getting worse in the area, it is probably not a good idea to move there.
Built On a Flood Zone
Just because the home you are looking at is not built next to a river or body of water, it does not mean that it’s not likely to flood. Slopes and drain easements are contributing factors as to whether a home will flood. Find out whether the home has ever flooded in the past and check the records to see if the home is built on a flood zone.
Damp and Mold
Mold and damp are two problems that you don’t want in your home. They could signify that there is a leak somewhere, or that there has been flooding in the past which has not been dealt with. Mold can be costly to have removed as it will depend on what the cause is.
Needing a New Roof
Before you buy a home, you should find out how old the roof is. While you may not see any signs of damage to the roof now, it may be getting towards the end of its shelf life. Get quotes for a new roof from a company such as Preventive Maintenance Support. Having a new roof fitted is not a problem in itself, it may just be an expense that you won’t have bargained for.
Out of Date Wiring
If the house you are looking at buying is a few decades old, the wiring may not be up to date. This means that there may not be enough power outlets and that the wiring is not designed to handle our modern needs. A new installation could be expensive but will be necessary should you decide to buy.