Purchasing a new home will likely be one of the largest investments you will ever make during your lifetime, and many home buyers end up making costly mistakes. Following is a list of the top ten things to look out for when buying a home because they could end up costing you a lot of money in the long run.
Out of all the rooms in a home, the kitchen is the most expensive to remodel to fit your tastes and needs. Be sure that this room is already outfitted with the appliances, countertops, cabinets, and flooring that will accommodate your requirements – otherwise it will cost you a lot of money to update.
Bathrooms are the second most expensive room in the home to remodel. In fact, the average cost of updating fixtures and remodeling a bathroom costs about $10,000 dollars on average.
Heating and Air Conditioning:
Many home buyers forget to check the heating and ac units. These items can be particularly expensive to replace or even repair, and they can also pose serious health concerns when not functioning properly. Air conditioning systems can easily run into the thousands of dollars.
Mold, Mildew, and Water Damage:
Check the basement as well as all other rooms for signs of Water Damage, Mold, or Mildew. These are costly to repair and attempts at stopping a leaky basement or often ineffective and futile.
Be sure to check that windows operate smoothly. Double insulated windows are recommended and provide much better insulation.
Be sure that the home is well-insulated. This will save money on your energy bill, and the cost of adding insulation to an attic is about $1,000 dollars – and even more for the walls.
Don’t be afraid to test all faucets, tubs, sinks, and showers to be sure they function properly. Plumbing fixtures and lines should be up-to-date because they can be very expensive to repair or replace.
Roofing is another area that can be costly to repair or replace. Check for any missing, cracked, or curling shingles and take a close look at its overall condition using a ladder. Check the condition from the inside of the home as well, you can generally get a good view from the attic.
Hire a qualified home inspector. They will provide you with a detailed report of the home’s physical condition and help ensure your making a sound real estate purchase.