Home sellers don’t always give you the full details of the property they are trying to sell. Sadly, most of us cannot afford hiring a professional inspector for each property that we view. So, here are some red flags that you can look out for that could tell you to avoid the property.
Start by checking out the neighborhood. Are people seemingly leaving in a mass exodus? Speak to others in the street and ask them about the community. Look at the land as well. If you find that the yard slopes downward towards the property, it is possible that rainwater would run down it and damage the foundations. If you notice any bad smells, there is generally something amiss. Also look for bugs and insects. Make sure you speak to others in the street about this, as they are likely to know about pests.
You are now ready to see whether the property was looked after properly. Signs of regular maintenance are hugely important. If you notice that there is a lack of structural maintenance on the outside, the inside will probably be the same. Always look at the wiring too. Only a qualified electrician can identify real problems, but you can have a general look. Flickering lights and hot outlets are major red flags. If you notice that only a few of the walls have been painted recently, it is possible that the owners are trying to hide something. Check the windows. If there are signs of condensation or windows don’t open properly, it could be a sign of serious damage that will cost you a lot to repair.Naturally, never view a property that you are not allowed to see in full. If you notice that walls have been changed or other structural work has been completed, you must find out whether this was done by someone qualified to do that type of work.
When it comes down to it, you are the only person who is able to decide whether or not to buy that property. However, you should always exert due diligence. Always make sure a professional inspector has looked over the property first. If an inspector does find significant issues, you can decide whether you want to leave the property behind, or whether you want to bargain and bring the price down substantially. However, you do have to make sure that you don’t purchase a true money pit.