10 Red Flags to Watch for When Buying a Home
When purchasing a home, be vigilant about these warning signs:
- Foundation Issues: Cracks or uneven floors can indicate costly structural problems.
- Water Damage: Stains or moldy smells may signal hidden leaks or poor drainage.
- Pest Infestations: Look for signs like droppings, gnaw marks, or damaged wood.
- Electrical Problems: Outdated wiring or overloaded circuits can be fire hazards.
- Roof Damage: Missing shingles or sagging roofs may require expensive repairs.
- Unpermitted Renovations: Ensure all additions or modifications comply with local codes.
- Neighborhood Decline: Research crime rates, schools, and local amenities.
- High Utility Costs: Review past bills to understand energy efficiency.
- Flood Zone Risks: Check if the property requires flood insurance.
- Seller’s Reluctance: Hesitation to provide inspection reports could signal hidden issues.
A thorough home inspection can uncover hidden problems before purchase.