There is nothing like the sad realization
that your dream property is not as great as you first thought. Indeed, finding
out that you have several thousand dollars worth of home repairs is no one's
idea of fun.
While a complete home inspection
and a good dose of common sense will help you avoid the worst, there are some
things that you should also be wary of. Here are five warning signs to heed
before you sign that contract to buy your dream home.
Problems on the inside
Some internal problems for
properties are easy to identify, such as termites, damp spots, and cracks in
the walls and ceilings. Other problems are equally as serious yet often hidden
by the sellers. For example, cracked tiles in bathrooms may indicate water
damage, mould that there are ventilation problems, and brown areas that the
wiring connection is poor.
Other things to consider include
water pressure, sticking windows, pipe and drain leaks, insulation levels, and
pests of various kinds. It is best to run through these items like a checklist,
seeing which areas you may need to obtain a professional inspection to check.
Problems on the outside
Likewise, there are various
external problems for properties that are hidden from the overexcited
homebuyer. One crucial element is orientation. For example, if you will be
working from home and yet the property's study receives very little natural
light, you may want to reconsider. Search best property from below link
Other elements include the
condition of the fuse box, signs of asbestos, blocked drains, roof damage,
garden watering systems, condition and age of nearby trees, and pollution
levels. Once again, when you have done an initial assessment, you can then hire
a professional for an official assessment.
Incomplete documents
If you think you can't be a
victim of fraud, think again. If you choose to
buy your property
without having all the necessary documents, you could be in a very dangerous
situation, not just financially, but legally and emotionally too. The best bet
to avoid such a scenario is to hire a solicitor to help with your purchase. The
couple thousand that you may pay is well worth it compared to how much you
could lose if you go about it by yourself.
Shady property history
When the property was first
built? What was on the land before? Why have there been so many different
tenants? If you are unable to find out the answer to these questions, either
because you cannot access the information physically or the seller is giving
vague answers, thinks twice. There is a high chance they may be trying to cover
up a shady past or incident. You are best to avoid such properties.
Unprofessional sellers
Furthermore, if the sellers,
whether a person or
real estate agency, cannot answer
even basic questions regarding the property for sale, you may want to
reconsider your purchase. An unwillingness or lack of knowledge in answering
questions suggests that either the sellers are hiding something or else not
interested in selling the property. You should not pursue such properties
further.
