Are you in the market for a new home? If so, then there are some things that you need to know. Buying real estate is one of the most important purchases you will ever make. Making sure that the home you are buying is in good condition is highly important. This is why inspecting the property you are going to buy before you sign the paperwork is a must. Today, we are going to learn some things that you need to look for when inspecting real estate. Please keep in mind that you should get a home inspection during the due diligence period. This should uncover any major issues. So, keep in mind that you are not solely responsible for identifying these issues but merely understanding what problems may be present. You may inspect a property and determine that based on what you see up front, you would prefer to walk away.
Inspecting a home before you make a purchase is a wise move. Below we are going to look at some warning signs to look for when looking at homes to purchase. These warnings are signs that the property you are looking at may have more serious issues.
- Cracks in the brick: If you notice cracks while inspecting a brick home, there is a good chance that the home has settlement issues. This could be a sign that the foundation has shifted leading to cracks. Homes with settlement issues can require expensive repairs. Likewise, you should be looking for cracks inside the home as well. Are there any stress cracks in the interior walls? This too could indicate more serious issues.
- Rotten wood around windows: If you find rotten wood around windows, chances are you are dealing with extensive water damage. While the wood can be replaced, further water damage could have occurred inside the home. Additionally, rotten wood can be a sign of termites.
- Water stains on the ceiling: When you find brown stains on the ceiling, it could be a sign of a leaking pipe. Also, these stains could indicate a faulty roof which may leak during periods of heavy rain. The attic could also contain water damage and mold could be an issue. In addition, you should look underneath sinks and in the water heater closet to see if there are any visible signs of leaks.
- Uneven floors: While inspecting the inside of the home you find uneven floors, it may be a sign of structural issues. Serious structural issues can end up costing you thousands of dollars to fix. Avoiding homes with these issues is probably in your best interest.
- Missing shingles: If during the roof inspection you notice some shingles are missing, it could be a sign that the roof needs to be replaced. Missing shingles is a good indication that the roof of the home is older. Most shingled roofs need replacing at least every 20-25 years.