3 Reasons to Think Twice about a Home
Think back to your first big crush. He or she was perfect, right? When emotions run rampant, flaws become invisible, whether you’re falling in love with a person or a home.
With familiarity comes the truth ― this perfect specimen of a human being isn’t perfect. None of us are. And houses aren’t either for that matter. The term “rose colored glasses” was invented to just this situation. Take them off and the reality of the situation is presented in all its Technicolor glory, warts and all.
Let’s take a look at some items you may miss if you’re in love with a house and that love is blinding you to its flaws.
1. Evidence of Shoddy Maintenance
Americans are busy people. When we aren’t working, we’re trying to pack as much as possible into our leisure hours. So it’s only natural that some home maintenance chores don’t get done.
Now, take off the glasses and realize that perhaps the homeowner is lazy or lacks the funds to maintain the home. If you notice debris overflowing in the gutters, duct tape and bubble gum plugging a leaking pipe or fur peeking out of an air-conditioning duct vent what else has the homeowner neglected?
It’s known as “deferred maintenance,” and here are a few things to look for:
This list is in no way extensive, but it gives you an idea of how even small tell-tale signs can give you a hint of how little home maintenance has been performed.
2. Suspected Foundation Problems
Check the slope of the yard. If it slopes downward, toward the house there may be a problem with water intruding into the home or foundation when it rains. Reversing the grade is a costly project. But remember: the damage may already be done. Hire an engineer to check the foundation for problems.
Cracks in the foundation don’t necessarily signify problems. If they measure more than 1/3-inch or they are jagged, however, consider having the foundation inspected.
Foundation repair is one of the most costly home repair jobs and may run between nine and ten thousand dollars. The average cost, nationwide, is $3,740, according to HomeAdvisor.
3. A Dying Neighborhood
If your rose-colored glasses contain blinders you’ll need to remove them. The neighborhood in which the home is located is important to the home’s future value as well as to your enjoyment of the home.
If three or more homes on the street display for-sale signs, it might just be your first indication of a dying neighborhood. Sure, there are any number of reasons that several neighbors all decided to sell at the same time, but you must also consider that they are fleeing something.
What that “something might be” may be discovered with careful research. For instance, home values may as much as 16 percent and spend significantly longer on the market when registered sex offenders move into a neighborhood.
While the above conditions need not rule out a house from your wish list, they do merit additional research. Don’t let your emotions blind you to what may turn out to be harsh realities.
Blog Archive2017-06-01 13:05:05
Time to Tomato Boom!
Spring Fling Home Maintenance Tip: Sprinklers!
How Do Homeowners Accumulate Wealth?
Savings & Equity 101
The Home Office Tax Deduction
Look for these 3 Warning Signs when Shopping for a
3 Ways to get an Amazing Deal in a Buyer
3 Tips for Attending Open Houses
3 Common Home Buying Myths
Movin on Up
2 Tips for the Luxury Home Buyer
The Neighborhood Wish List: 3 Things to Consider
HOA? Beware the Rules and Regulations!
Everything you need to Know about Home Warranties
2 Things to Consider Before Buying a Townhome
What to Look for in the HOA Documents
3 Things to Know about Buying New Construction
Buying a FSBO without an Agent
3 Reasons to Think Twice about a Home
3 Important Aspects of the Purchase Agreement
4 Tips to Close Quickly on a Home Purchase
Finding your Ideal Neighborhood
3 Tips to Combat a Low Appraisal
2 Things to Know about Home Inspections