I always encourage everyone around me to save up enough money to buy a home for themselves.
It is a great idea to own your own home, you won’t need to bother about paying rent, and you will have your personal property and space to design and remodel to your taste. Owning your home is a wonderful achievement. However, depending on your budget, you may need to consider homes that have been previously occupied except you can afford brand new homes which are more expensive.
Don’t get me wrong, homes that have been previously occupied are mostly solid and in perfect condition to last many more years with good maintenance, but there will be an issue when you purchase a property that already has obvious issues which will require you to spend extra money to fix. Have you found a property you like? It is good you have decided on the property options up for sale, so the next step is to ensure that your home is free from the following problems before you make payment.
Signs of dampness and mold growth
Dampness usually occurs in older homes where damp proof materials were not installed during the construction of the property. It results from the absorption of moisture from the ground which causes the growth of mold and a damp musty smell in the home. It will cost some money to prevent dampness if you really like the property, but if these signs are noticed early, you may not have to pay for the repairs. You can negotiate for some deductions from the price of the home, or the seller handles the needed repairs. Installing damp proof materials is usually a permanent solution, so you can enjoy living in your new home without bothering about dampness and mold growth again.
Faulty electrical wiring
A fault in one area of the electrical wiring can affect the entire wiring system. If this fault is not discovered on time, you may be compelled to pay for the entire rewiring of your new property. It will be quite expensive, but a good inspection can help you avoid this unnecessary fee. However, if you want to proceed with the purchase after noticing a faulty electrical wiring system, you can negotiate for some reductions equivalent to the repair costs.
Homes that have a lot of woodwork in the structure should be properly checked for signs of termites. These ants eat and destroy many kinds of wood, causing huge costs in repairs. If termites have invaded a property you are interested in; you may need to change your mind depending on the inspection report which will show the extent of the damage. Termites can be eradicated through many effective methods, but you shouldn’t be paying these charges. Find out if the home seller is willing to fix the problem and negotiate a good deal.
Overall, a majority of these experiences can be avoided if a proper inspection is done before making payment for a property. If faults are discovered, and you are willing to proceed with the purchase, then make arrangements for the problems to be fixed.
Lilo Clacher www.Lilorealtor.com 239-699-0142