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3 Red Flags To Consider When Considering Homes For Sale

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Buying a house is a very big financial investment, so it is essential to purchase the right one. When you want to buy a single family home, you may look at many homes before you find one that you really love. However, no matter how much you may like a house, it is important to look out for red flags that serve as warning signs that it is in your best interest to walk away and keep looking. While it can be hard to walk away from a home that you love, if it has problems, you will be better off in the long run. Some common red flags to look out for when looking at single family homes for sale include the following.

Foundation Problems

During the inspection period, you can order a home inspection. You may also want to invest a little bit more money to get the foundation of a home inspected by a structural engineer. Foundation problems can cause a lot of structural damage and they can be incredibly expensive to repair. If a home inspector or a structural engineer informs you that a house you have put an offer on has foundation issues, you are much better off looking for a different home to purchase.

Old Roof

Another thing that you should carefully consider when buying a house is the condition of the roof. If a roof has damage or is nearing the end of its lifespan, you need to weigh your options. Having a new roof installed can cost a lot of money, and you will need to decide if you're willing to make that investment shortly after moving into a home. One option is to ask the seller for monetary concessions to help pay to have the roof replaced. If a seller is not willing to offer concessions, you will need to find out how much a new roof will cost you before you decide whether or not to cancel the deal.

Mold

Mold growth inside a home can be a real issue. Some types of mold can be toxic to live around and may cause health problems. If a home that you love has any evidence of mold, such as a damp, musty smell, or visibly noticeable mold anywhere in the house, you may want to think twice. Since a lot of mold growth in a home is hidden, mold can be a much bigger issue than you may think. 

For more information on what to look for when looking at single family homes for sale, talk to a realtor.


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