Some problems might go unnoticed, and you want to spot any potential deal breakers before they become headaches.
This post originally appeared onLearnVest.
But there are others that might be true deal breakers.
You may be able to see from the ground whether there are cracked or missing shingles.
Some states also require disclosure forms, mandating that the seller be up-front about any issues with the home.
A qualified real estate agent can guide you through the process, providing specific advice for your area.
More often than not, however, you’ll be responsible for replacing or repairing the roof.
So factor this cost into your overall housing budget.
Many maps are currently being redrawn, but existing ones can offer some insight into historic risk.
You should also talk to the local authorities about conditions in the area.
“People know which streets typically flood and which don’t,” Glink says.
“There are some houses that always have problems.”
Get more information on what your flood insurance might cost at theNational Flood Insurance Programwebsite.
Also check the age, location and condition of the water heater.
A plumber can conduct a sewer inspection to see if there are any cracks or breakage in the pipes.
What to look for:Ask the local municipality about any restrictions that might affect your renovations.
“Don’t take the homeowner’s word for it,” Glink warns.
What to do about it:There’s no negotiating floor-to-area ratio.
And that’s often not cheap.
Knob and tube wiring or aluminum wiring found in older homes can be very expensive to replace.
What to look for:Check the main fuse box to verify it’s in good working order.
Also pay attention to any exposed wiring and wires that don’t lead to anything.
What it could cost you:Rewiring an entire house can range anywhere from $3,000 to $20,000.
“Knowing the history of the home is always good information to have,” says Piper.
But if the sellers don’t get into as much detail as you’d like, probe further.
What to do about it:“Don’t be afraid to ask questions,” says Piper.
“Everything is negotiableand it just depends on what the buyer and seller are willing to compromise on.”
Image adapted fromZeana(Pixabay) andKropekk(Pixabay).
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