4 Red Flags You Should Never Ignore When Buying a Property
No matter the size nor the value of a property, it is always a significant purchase and one of the toughest you can make. Some may want a home to live in while others may want a good return on their investment. In both cases, being on the lookout for issues is essential. One major issue with the house and you could end up paying for it for years with no return. Let’s take a look at some red flags you should never ignore when buying a property.
Roof problems are one of the worst issues you can deal with as a homeowner. They don’t always necessitate a full repair, but you must perform a visual inspection when looking at a roof and ask when was the last time it was replaced. We also suggest you check out resources like principlesbr.com if you want to learn the most common types of roof problems. This will give you a better idea of what to look for and what the proper course of action would be for different issues.
It will then be up to you whether you want to buy the house with the roof in its current condition or ask for them to repair or replace it after the inspection. You might find that a discount would be better for you, especially if you can find a contractor that can give you a good price.
While roof issues are bad, there’s probably nothing worse than having to deal with foundation issues. This is often something that only an inspection will reveal, but there are visual signs you can look for. For instance, if you see a crack near the foundation around the house, then this usually is bad news. Doors or windows that won’t close correctly are another sign.
It would also be a good idea to visit a property after a heavy rainstorm, so you see how the irrigation holds up. If you see puddles everywhere, then this is bad news. This means that the irrigation system isn’t doing its job and you might have trouble with water drowning your lawn or other landscaping elements. You also want to look at signs of water pooling near the side of the house. The terrain might need to be graded to prevent this. Water that sits near the foundation can penetrate and cause widespread damage, so this isn’t something you can take lightly.
Electrical issues are another thing you can’t afford to take lightly. Issues with the electrical system can also be very expensive to repair. And, if left unattended, there is a high risk that there will be an electrical fire. This is why you need to have a thorough inspection performed, though you may have to wait until the contract stage. In the meanwhile, you can ask to check out the fuse box and see it’s in working order. Also, be on the lookout for any exposed wire or wires that don’t connect to anything.
These are all red flags that you can’t afford to ignore if you want to buy a property. These will protect your investment and will help accelerate your search.