When you set out to buy a home, you probably have a list of must-haves. These are just the things that the home needs for you to consider it.
But should you have an opposite list, as well? Do you want to consider things that are deal-breakers, issues that mean you’ll walk away?
It can be helpful to have these in mind when you’re looking at homes. It can speed the process up, and it can also help you avoid purchasing mistakes.
What are some common issues to look for?
Now, what you consider a deal-breaker is going to be unique to you and your situation. That’s true for everyone. That said, here are a few common issues that people put in this category:
- Problems with the foundation, such as sagging floors or obvious large cracks in the concrete itself.
- The need for extensive repairs, such as putting a new roof on the house. Things like this are often costly.
- Outdated systems, such as sewer lines, electrical lines, and plumbing lines. These can be fixed, but it is also very expensive in some cases.
- Evidence of water damage or flooding. What you can see is often just the tip of the iceberg.
- A low appraisal. At the end of the day, you do have to consider the financial side, and a home that doesn’t appraise where you want it to may not be one that you’re interested in buying.
The good news is that there are many homes to choose from. Now that you know what to avoid, you can begin considering all of the steps you need to take as you search for a house that fits the bill.