Buying a new home can be exciting, but it comes with risks. Structural issues, water damage, and nightmare neighbors are among the potential pitfalls. Here are seven tips to help you sidestep a property lemon and find your dream home.
1. Check the Structure
Get a home inspection from a qualified specialist. Look for cracking in walls, which could indicate subsidence. Even new homes can have issues, so pay attention to the structure during viewings.
2. Look for Water Damage
Water damage can cause major problems. Watch for rust on the roof, sagging gutters, and bubbling paint, as these may signal a leaking roof. Other signs include damp patches, discoloration, and a moldy smell.
3. Inspect HVAC, Electrical, and Plumbing
Check for rust in pipes and test water pressure. Examine electrical systems for signs of poor installation or maintenance. Ensure heating and cooling systems are functioning properly.
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4. Get a Home Warranty
Request a home warranty from the seller, covering mechanical and electrical systems. It’s a safeguard against unexpected malfunctions, even in new construction homes.
5. Check Out the Neighbors
A good property can be ruined by troublesome neighbors. Investigate the neighborhood at different times, listen for noise, and gather insights from locals, including store owners.
6. Talk to the Municipality
Check building permits for property improvements. Permits indicate work done by legitimate contractors. A lack of permits may suggest substandard work that could cost you later.
7. Verify, Don’t Assume
Don’t rely solely on assumptions about the area. Verify information about schools, taxes, and crime rates through your real estate agent. Ensure your dream home is not compromised by unforeseen issues.
