What to watch out for while buying your first home

Tue, Mar 1, 2011

Renters Advice

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Buying your very first home is not as simple as it sounds. You need to do thorough research on the area you want to purchase a home in. When you do find that dream home you have to hire a home inspector and do a complete inspection. In the excitement of buying a home, new home owners forget all about a thorough inspection. If an inspection is taken lightly this can cause serious issues down the line such as foundation problems, leaks, termite problems etc. You do not want to shell out thousands of dollars after a major home purchase to fix these issues.

The home foundation is one of the most expensive to fix so be sure check out the basement of the home and the concreate or stone for any cracks. You are looking at $5000 to $7000 on foundation repairs if not caught on time.

The second major repair would be heating and cooling systems located in the basement. You have to check for any leaks and last service dates. Replacement of this equipment can easily cost you around $10,000.

The third most important expense would be from water damage, you can tell if there was any past water damage by looking at brown or white stains on the walls of the basement. You can also spot water damage by spotting black mold. Black mold only grows above 55% humidity levels. If there was any paint jobs were done in the basement watch out maybe the seller is trying to hide something from you.

All these problems discussed above are the most important thing to pay attention to while buying your first house. Do not just focus on tiny issues that can be fixed later instead focus your attention the issues above.

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2 Responses to “What to watch out for while buying your first home”

  1. Nestor Spencer Says:

    Did you read the recent post on it in the Sky?.

    Reply

  2. Harriet Says:

    We are pretty certain you have really nailed this one.

    Reply

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