Buyer beware! Here are some house hunting red flags to watch out for…
- Rotting wood: Unless you specifically look for it, rotting wood is one home maintenance issue that can easily go unnoticed. When viewing a home, make sure to look for this red flag along the exterior of the home as well as the interior kitchen, bathroom, countertops and flooring.
- Amateur repairs: If the previous homeowner has lived there for quite some time, there’s a chance that amateur home repairs in areas such as plumbing and electrical have been made. This could cause you damage down the road if these repairs were made without professional help and support.
- Ghost town district: Take a look around the neighborhood. Are there several homes in close range that are on the market as well or places nearby out of business? Although the house may have looked perfect online, it is a warning sign if everyone wants to leave the same street. Seek out nearby neighbors to get a feel for the new environment you may be living in.
- Environmental hazards: Lead based paint, radon, carbon monoxide, toxic mold, and asbestos can be found in older homes that were made in a time of fewer technology and fewer regulations. Make sure the home has been tested for these hazards by a professional before you buy.
- Poor heating & cooling: Older homes can also host poor heating and cooling systems that will likely cost you more than you bargained for. If the home you’re viewing has an ancient and inefficient system, you will consequently have higher bills to pay and even a chance of carbon monoxide fumes releasing throughout your home.
- Foreclosed properties: While foreclosed properties may offer you a steal of a deal upfront, it may end up ultimately costing you more in the long run. Make sure you check the condition of the home or have a professional inspect the home before you sign to avoid hidden cost in damages.
While these are just some of the numerous red flags to watch out for when shopping for a home, the bottom line is that it is always a good idea to have the home you are interested in checked out by a trained and certified professional.