Home sellers don’t always give you the full details of the property they are trying to sell. It is unfortunate that if you were to hire a professional inspector for each viewing, it would get incredibly expensive. But don’t worry because a potential buyer like you can do a bit of inspecting yourself and here are indicators showing what house to avoid buying.
First and foremost, think hard before you buy a “fixer up.” These properties are often very cheap, which makes them very attractive. Many of us believe that we have sufficient DIY skills to fix up such a property. However, you are likely to find that only qualified professionals are able to actually fix the problems. Qualified professionals are incredibly expensive and you may not have sufficient budget for that. Next, properties that have had DIY repairs can also be a red flag. Although a DIY job can look great on the surface, it is likely that it actually has a whole lot of problems.
You should now look at the property itself and how it was treated. You should be able to tell whether it was maintained regularly. If it looks run down from the outside, it is likely that the inside isn’t in a much better condition either. Make sure to inspect the wiring. Although you probably won’t be able to identify all of the problems yourself, some red flags are easy to spot. If lights flicker or outlets are warm, there is a chance that the wiring is faulty. Similarly, if you notice that there is a single wall, or just a few walls that have been painted very recently, where others haven’t, the owners may be hiding something. Check the windows. Look at whether the windows have mold or condensation or are hard to open; this could be a sign of expensive problems.Never even consider purchasing a property that you cannot see in full. If any structural work has been done on the property, you need to make sure that it was done by someone who was fully qualified to do this.
When it comes down to it, you are the only person who is able to decide whether or not to buy that property. However, make sure you exert due diligence at all times. Never purchase a property that you haven’t had professionally inspected. If you do find a property has significant issues, you have the option to simply walk away, or you can try to have the price decreased to compensate for this. However, always be careful that you do not get tied into a money pit.