Looking for defects when buying property

Buying a house is a major decision.

You should look into different factors and find out more facts before making a decision.

Keeping your eyes open going into a real estate negotiation is the most important thing. If something doesn’t feel right, trace it backwards until you figure out why, and then decide if it’s worth it to go ahead with the purchase.

Sometimes you’ll find it’s easy to walk away from a great house in a bad neighborhood. Other times, you can get your purchase price substantially reduced if you can point out exactly what repairs are needed. The trick is to catch those needed fixes- because the seller may not point them out for you.

The following are some areas to look for:

 

  • Leakage
  • Termite
  • Plumbing
  • Neighborhood
  • Other repairs needed


 

 

Posted in House buying guide, property investment, Uncategorized | Tagged | Comments Off on Looking for defects when buying property

Buying a water leaking house

 

Buying a house with water leaking

If water damage occurred once it’s not likely to stop unless the problem- aka the flow of water- is corrected.

Is the house located in a high-flood area? Is something important (like the roof or basement) leaking?

This could lead to expensive irrigation systems and internal repairs.

I heard a horror story of a house that began with a water spot on a wall, and led to removing the floor to do major ratification work.

Water damage is often a sign of a bigger problem.

Unless you can trace it to its source and identify how to stop it, it might be best to steer away from water-damaged property altogether.

Why sign up for trouble?





Posted in House buying guide, property investment, Uncategorized | Tagged , | Comments Off on Buying a water leaking house