You must be planning to buy a new house! Well, in that case, make sure you look up for some warning signs so that you don’t end up making the wrong decision.
Whether you are going to live or it’s just for an investment purpose, physical real estate is inevitably the best asset class to build wealth. Since you are up to buying a home, it’s inevitable that you’re overwhelmed with many different emotions and thoughts. That’s why the chances are that you may not even see some critical things while house hunting. There are many things that you must be looking while visiting the potential properties. When buying a house, you must look at the items like a furnace, ages of the roof and water heater.
Therefore, just make sure you view all the potential red flags in a home. Of which, many are the ones that must not be taken lightly. In case you find significant warning signs, make sure that they are addressed before signing the dotted line. Here’re a few red flags highlighted that you must now overlook when buying a house. So let’s dive in;
Potential Structural Problems
Correcting the foundation problems is one of the most costly repairs to a house. For obvious reasons, the foundation is the most crucial part of a home. In case there is any problem with the foundation, it can cost the homeowner thousands of dollars to correct this. Perhaps that’s the reason why it’s imperative to be aware of the foundation when looking at homes. It’ll be really easy for you to see any checking in the foundation in case the house has an unfinished basement.
Besides, the minor cracking might be a sign of settling in the home while the large cracks can be a sign of structural problems. In case you are not sure about whether a house has a foundation problem or not, hire a structural engineer to conduct an inspection.
Many home inspectors are offering their services to help determine whether a home is experiencing some structural problem or not. Honestly, this small fee to hire a home inspector is way better than paying a substantial amount to buy a home and regretting for the rest of your life.
Pest & Insect Problems
While on the house hunt, there are some insects and pests that you need to be on the lookout for. Keep in mind! The severe pest problems may arise a red flag as many pests especially the wood destroying pests can cause significant damage to the home that will cost no less than thousands of dollars to rectify.
The most common pests are termites, carpenter ants and powder post beetles. Usually, the cost of pest inspections isn’t that much and quite inexpensive. Besides, the cost of pest inspection is worth it since this problem can cost a significant amount of money to correct. Therefore, just make sure that either you pay for that inspection or ask the seller to get it done. You can’t spend a substantial amount on something you aren’t sure about.
Amateur Workmanship & Repairs
Some homeowners are pretty much capable of doing quality work around their home. However, it doesn’t stop landlords from attempting DIY projects around their house. Amateur workmanship is something you need to be on the lookout for when visiting properties. While buying a flipped property, it is crucial to consider when buying a flipped property. Normally, the flipped properties are completed by people that don’t have the qualifications & expertise to do so, and they are not the professional real estate developers in the UAE.
Therefore, just pay closer attention to amateur workmanship when you are viewing a flipped property. So just keep an eye on things like plumbing, carpentry, electrical work, leaky faucets, toilets, missing trim work, and other potential DIY projects when looking at the property. Most of these issues are not discovered until a thorough home inspection is completed on the home.