4 Home-Buying Deal Breakers

By on August 3, 2017

Already have your life and finances at bay? After renting for years, you realize that you now have enough to finally invest in and buy your own home. A good news indeed. But before you start house-hunting; or if you already started and have your eyes laid on a specific one, ensure that the house is not a wear and tear.

Not always but there are cases where houses available on the market tend to hide “surprises” some can be fixed while the others could be far more damaging. This is why rounds of inspections is a necessary step before signing the contract and closing the deal.

Before you sign the contract and invest your hard-earned money in a house, conduct a series of inspections, if need be. For the meantime, here are the common warning signs to look for when house-hunting.

 Home-Buying Deal Breakers

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Undisclosed structural issues

Sellers are required by law to mention any house problems, big or small, to the potential buyers. Of course, the extent and measures of the policy varies from the state you’re in but the law is standard practice.

If you’re house-hunting, make sure to ask the seller about this. Figure out if the house have any previous or current case of pest infestations, roofing problems, wall cracks, ventilation problems, HVAC system issues, and the likes. It’s your right to know and theirs to fix the problem and mention it to the buyers.

Outdated electrical systems

The real estate market is competitive and ever growing. As a seller, it’s only proper to keep an eye out of the latest finishings and systems to update your property and increase its market value. As a buyer, you need to do the same as well—know what’s the latest.

This updates also relates to local building codes. Make sure the house you’re eyeing on have the latest electrical systems that can run your appliances for long. Outdated electrical systems may cause you serious problems in the long run. One common problem that is known to occur are failure to power a number of appliances at once. Others can cause electrocution or worse, house fire.

Ask your real estate agent or seller regarding their systems including water, HVAC, and the works, and make sure they’re up to date. It’s better to be safe that sorry.

The area is in high risk of flooding

If you’re in a country or state where rain can pour hard, surely you’d want to look for a house located in an area where risk of flooding is low to zero. The same notion goes the same when looking for a house near a lake or the beach. We know how beautiful your morning views can be but is it really worth the risk?

To know if the place you’re eyeing on ruc the risk of flooding, go check the flood map database of your region.

Worrisome neighborhood 

Location is key and one of the most important factors to keep in mind when house-hunting. You don’t want to wake up to a house party two blocks away or go past a sketchy street when coming to and from work, do you? Safety and security should be top priority when looking to find a home. This is especially important if you have kids who will most likely play outside (a tad terrifying if the house you want is in a busy street) or in the park.

Another thing you should take into consideration is how close the house is to public transportation, to your work, and the children’s school. This can be a huge deal maker or breaker for potential home buyers and owners. You need to add this criteria to your house-hunting list.

Know what to look for in a home when house hunting and keep your senses at high when spotting the warnings. Watch out for it and you’ll save yourself from a hefty cost of repairs and headache in the future.

About the author: When she’s not looking over Pinterest searching for Home decoration and design ideas, Chie Suarez regularly writes for PAAL Kit Homes. It is a company that manufactures and supplies steel-framed kit homes that help Australian families build their dream home.

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