Not all home sellers are completely truthful about the condition of their property. It is unfortunate that if you were to hire a professional inspector for each viewing, it would get incredibly expensive. Thus, here are a few things that you can spot yourself, telling you to avoid the purchase.
The first thing is that you must get to know the neighborhood. This is of absolute vital importance. Is it a growing community, or is it in decline? If there are many foreclosed homes and businesses, the community is going through tough times. Make sure you visit the area on two different occasions. In doing so, you will also become aware of traffic. Do also come at least once at night, so you can see whether the streets are safe and quiet at night or not. Speak to the police and ask for statistics on local crimes.
You should now look at the property itself and how it was treated. Signs of regular maintenance are hugely important. If it looks run down from the outside, it is likely that the inside isn’t in a much better condition either. Always look at the wiring too. Although you probably won’t be able to identify all of the problems yourself, some red flags are easy to spot. If you spot that outlets are warm or that lights flicker, there is likely to be a wiring problem. Similarly, if you notice that there is a single wall, or just a few walls that have been painted very recently, where others haven’t, the owners may be hiding something. Also inspect the windows. Look at whether the windows have mold or condensation or are hard to open; this could be a sign of expensive problems.It goes without saying that if there are any rooms that the sellers don’t want you to see, you should avoid the property completely. If there have been any structural changes to the original property, you need to check whether these were done in accordance with various building regulations.
At the end of the day, only you can decide whether or not you should purchase a property. Additionally, if you find that there are certain problems, you could use this as a negotiating point to drive the price down. You do have to ask yourself whether that bargain is worth the potential financial hassle you are putting yourself through. Whether you purchase a property as an investment or as a home, it is always going to be a building that somebody will live in, and you need to make sure that the quality of life in that property can be pleasant and enjoyable. It goes without saying that checking the condition of the property itself is very important, but the area it is in must be focused on as well. To check on the actual property, all you really need to do is hire the services of a property inspector. When it comes to the neighborhood, however, you need to have a personal feel, something that cannot be achieved by a check box list.