10 Sep 5 Reasons NOT to Buy that House
Buying a new home is an exciting process! Researching what works for your family, selecting a few neighborhoods, and eventually – and here comes the best part of all – visiting homes with your realtor! Most of the time you only have a few minutes to view a home (15-30), so it’s important to maximize your time. Below are five basic home buying basics and potential deal-killers to watch out for.
Check the foundation
Don’t get caught up in the pretty siding or perfectly trimmed bushes! Take time to inspect the foundation for cracks. Some cracks are normal as a house begins to settle after construction, but significant cracks can indicate a much bigger problem and could cost you tens of thousands of dollars to repair.
A fresh coat of paint
Odd one, right? Many homeowners that are getting ready to list a home will spend time updating the paint in each room. Most do so to show a little extra flair to those considering purchasing the home, but some are looking to hide mold or are attempting to draw your eye from other issues, such as a leak in the ceiling.
Don’t let that accent wall distract you. Home buying basics involve looking behind furniture, inspecting the ceiling, getting under the sink to check the pipes, and checking the electrical fixtures in each room. Staging is one of the easiest ways to hide issues with a home.
How’s the yard look? Are the grass clippings thick, indicating the yard isn’t mowed all that often? Do the gutters look as if they’ve been cleaned recently? Are there weeds growing in cracks in the driveway? None of these homeownership basics are major, but they say something about the current owner of the home. If routine home maintenance isn’t occurring, then bigger, more important maintenance likely isn’t either.
It’s always a good idea to have an expert check the HVAC unit and water heater, and that’s especially true if you suspect they’re not being maintenanced regularly.
Where to put everything?
The rooms are wonderfully sized and the windows let in just the perfect amount of light. The ensuite is spacious and garden tub just right. But how is the storage? You need space for toiletries, towels, clothing, food, and many other home basics.
Keep your eyes open for the amount of storage in each room and on each floor. The last thing you want to have to do is run upstairs each time you need another towel because there isn’t enough storage on the main floor. This isn’t a deal-breaker for many, but it is a common complaint of homeowners after they buy a home.
A home is only as valuable as it’s neighbors
Comparable pricing of homes in the neighborhood is one thing, but the state of those homes is something else. What do the homes in the surrounding neighborhood look like? Are they well-maintained and clean? Or is the grass knee-high and the roofs covered in moss? You can invest tens of thousands of dollars into a home to increase its value, but if your neighbor’s homes are falling apart, your money will be going to waste.
Keep these home buying basics in mind when you’re looking for your dream home, and don’t let a pretty coat of gloss distract you from potentially expensive issues!