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Take notice of potential issues when shopping for a house

 March 29, 2012


The last thing a buyer wants to happen after signing a mortgage is to find the their new dream home has foundation issues or another costly repair that derails their move-in plans. These issues can be largely avoided if buyers are prepared to address potential property problems before they buy a home. Shoppers who are interested in a property can hire an inspector to pinpoint problems, and may be able to have the seller fix these issues before moving in or negotiate a better price for the home.

Whichever option a home buyer chooses, it's important to be aware of repair needs before signing a contract. There are several areas adults should look for when shopping for their dream home.

Check for foundation and water damage

The foundation of a home is one of the first areas home buyers should examine, primarily because this type of repair can be costly, according to MSN Real Estate. 

During the home staging, home buyers should examine the basement and exterior of the house carefully for cracks in the stone or drywall, especially around windows and doors. In addition to foundation problems, shoppers should also check the home carefully for water damage. Individuals may be able to spot this type of damage in basements, especially if there was a leak, as well as bathrooms and kitchen. 

Adults should check under sinks and behind toilets. Buyers are looking for brown or white stains on the walls or near pipes that may suggest mold, which can be potentially toxic.

Examine electric and HVAC systems

Older homes can be beautiful and grandiose, but the electric wiring inside the house may be old or out of date, which can cause safety and fire issues. Buyers should consider hiring an electrician to determine what type of wiring older homes have, according to MSN. For instance, some older properties built in the early 1900s may come with knob-and-tube wires, which can pose safety problems if they were tampered with by previous homeowners, the news source explains.

In addition, buyers should also inspect the property's HVAC systems to determine if they look outdated or appear to be functioning at a poor pace. Buyers should examine vents as well to see if they are properly connected and hire a professional if needed.
 

About Coldwell Banker®

Since 1906, the Coldwell Banker® organization has been a premier provider of full-service residential and commercial real estate. Coldwell Banker is the oldest national real estate brand in the United States and today has a network of approximately 83,000 sales agents working in approximately 3,100 offices in 50 countries and territories. The Coldwell Banker brand is known for creating innovative consumer services as recently seen by being the first national real estate brand to create an iPad application and the first to fully harness the power of video in real estate listings, news and information through its Coldwell Banker On LocationSM YouTube channel. The Coldwell Banker system is a leader in specialty markets such as resort, new homes and luxury properties through its Coldwell Banker Previews International® marketing program. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.
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