If you’re contemplating buying a new home, then you don’t need us to tell you that house hunting can be a little overwhelming. It’s a major investment and there are endless considerations to make to ensure that you’re buying the right home for your needs and goals. And while many homes on your hunt are sure to have some features that are less than ideal, oftentimes they’re not a big deal and can be easily addressed.
However, there are a few major red flags that should make you think twice about buying that house, and we’ve outlined them below so you can feel confident about the one you ultimately choose to call home.
Potential Water Damage
There are many problems that are actually quick fixes that can secure you a great deal on a home, but a home in a flood zone is not one of them. Water damage is a costly problem with no easy solution, so be sure to check FEMA’s flood map database to ensure your potential home isn't in a flood zone.
You should also observe how the home’s elevation compares to other houses on the block and make sure it features optimal water runoff routes.
Poor School District
If you have kids, then you’re probably already considering a home’s school district. But if you don’t, that doesn’t mean it isn’t an important consideration. Buying a home in a poor school district can seriously diminish its resale value, putting off potential buyers with and without kids.
Not sure if it’s an ideal school district? Niche is a great resource that you can use to determine the quality of any school district in the country.
One of the biggest potential costs of a home is structural damage. Not only does structural damage cost a pretty penny to fix, but it also breeds many potential problems down the road, including making the home difficult to sell.
During your hunt, keep an eye out for any exterior/interior cracks, uneven floors, and drooping rooflines. And be sure to bring in a professional to assess the structural damage of any homes that you’re serious about buying.
If you smell or notice fresh paint on the walls, then it could simply be that the owner is trying to make the home look its best for resale. However, it could also mean that the paint is being used to cover up much bigger problems, such as water damage, mildew, or mold.
Make sure to inspect areas with fresh paint, and hire a professional to scrutinize them more closely.
Bugs are much more than an icky nuisance; pests like termites, carpenter ants, and powder post beetles can eat at the structure of a home. You should definitely be on the lookout for any unwelcome creatures while you peruse homes, but not all infestations are obvious.
Hiring a licensed pest inspector for any house that you’re serious about buying is your best defense against costly pest problems down the road.
It probably goes without saying that if a potential home has a foul odor, then that’s something you should investigate. But pleasant odors can also be red flags. If the home is full of candles and air fresheners, it’s possible the owner is trying to cover up an underlying issue.
As you walk through potential homes, keep a vigilant nose and investigate any scents you come across, good or bad.
We can help you avoid problems with purchasing by recommending a local real estate agent who will navigate you through all of the potential pitfalls like these, and others. Contact us to get connected with one of our home buying experts today.