Red Flags to Look for When Touring Homes
Looking for a home is exciting, and touring homes can be even more exciting. Of course, it’s important to keep in mind that purchasing a home can be one of the biggest financial decisions most people will make. Even though staging, décor, and curb appeal can make a home look beautiful and perfect, buyers should always take the time to look deeper to identify potential problems.
Knowing the red flags to look for when touring homes can help you avoid costly repairs after signing the contract or purchasing the home. Identifying any read flags will help you make wiser, confident buying decisions.
Here are some of the most important warning signs buyers should watch for when viewing each home:
- Deteriorating Roof – The roof protects everything inside the home and plays a major role in long-term maintenance costs.
Pay attention to: Missing or damaged shingles, sagging rooflines, broken or clogged gutters, rotting siding or wood trim. Roof replacement is one of the most expensive home repairs, so pay attention so you can negotiate repairs during contract time.
- Faulty Electrical Systems – Outdated or unsafe electrical systems are major safety and insurance concerns for homeowners. As a buyer you will want to address these concerns with your realtor.
Pay attention to: Older fuse box panels, flickering lights, loose or damaged outlets and burn marks near switches or outlets. Electrical upgrades are often required for safety and insurance approval, be sure to have a housing inspector check for safety.
- Plumbing Issues – Plumbing problems are often overlooked. This is a common hidden home issues buyers should definitely exam.
Pay attention to: Low water pressure, slow drains, rust-colored water, leaking or corroded pipes. Major plumbing repairs can require opening walls or replacing pipes, making them costly.
- Heating and Air Conditioning Concerns – HVAC systems can seem fine, even though because of age, it can stop working within months of purchasing a home.
Pay attention to: HVAC systems older than 10–15 years, loud or unusual noises, uneven heating or cooling, and missing maintenance records. HVAC replacement can cost thousands of dollars, so buyers should do what it takes to determine the condition of the system.
- Look for water damage or moisture problems – Water damage is one of the most common hidden problems when buying a house and can lead to mold, structural damage, and expensive repairs.
Pay attention to: Water stains on ceilings or walls, peeling or bubbling paint, musty or damp odors, visible mold or mildew, wet or damp basements. Water intrusion may signal roofing issues, plumbing leaks, or foundation problems. Be sure not sign a contract until you are clear about the condition of any moisture in the home.
- Foundation and Structural Issues – These issues are among the most serious issues, and also very expensive. Be sure to look for large cracks in drywall or ceiling, exterior foundation and cracks, and sloping or uneven floors.
What you can do: Trust your senses. Pay attention to strong air fresheners that might be masking moldy smells, smoke, or pet odors. Also, get a home inspection done before closing on the home. Work with a professional realtor, not simply a real estate agent who has decided not to become a member of the National Association of Realtors.
If you have questions feel free to contact one of our agents at George Barnes Realty. Also, visit our website at https://www.georgebarnesrealty.com and sign-up for our e-mail list to receive checklists, real estate updates and other information that will make your home purchase or sale less stressful.
For more information about buying or selling a home contact a professional realtor at George Barnes Realty -904-765-5505.