Buying your own property can be very exciting. Being able to call a beautiful house such as Richwood Homes Bohol as your own is a huge milestone that you should be proud of. To make sure though that you’ll truly be happy with your property purchase, you should be very meticulous when choosing among the property options that you have.
You should be very careful when assessing your potential new home as it will definitely spoil the fun if later on, you’ll find out something that’s not very pleasant with it. It is therefore critical that you do a thorough check of prospective properties before making a purchase decision.
To make sure that you’ll be happy with your new home, here are 6 potential red flags that you should keep in mind when house hunting:
Table of Contents
The property listing only features a few photos
Checking out property listings is usually the first step in your house hunting journey. You’ll likely come across a lot of home listings and some of them may feature just a few photos, and likely just good parts of the house. And when you go to the property, you’ll be surprised that there would be an issue or two that are not shown on the listing. So before reserving a property, make sure you conduct a site visit first so you can make an in-person assessment and that you see issues that are deliberately hidden from the listing.
The property has been on the market for a very long time, or has been re-offered very soon after it was last sold
You should also check how long the property has been out there in the market. If it has been offered for a very long time and has not been sold, there should be something that other people see in it that they don’t like. Also look out as to when it was last sold as if it was just a short period of time and it was re-offered for sale already, then the buyer likely didn’t like the house after living in it personally. Exercise sound judgement in assessing the length of time the property has been out in the market.
The price tag is a little too good to be true
Property prices can be quite hefty. So when we see properties that are being offered at a bargain price, we can’t stop but feel the urge to jump in and take it. However, it is unlikely for a property to be sold at a loss so there is likely a catch as to why the property is being offered at very low prices. Make the necessary checks on the property, as well as its history. Due diligence can help you explain why the property is cheap.
Many neighboring houses are also on sale
Unless you’re in a newly-developed community, it is unlikely that you’ll come across a lot of homes being sold in just one area, especially adjacent ones. If you see a relatively older community and you see two or more houses in a row being sold, then it’s likely not a good idea to buy a property there.
Cracks in the foundation
If you are buying a property that already has a structure, then you are counting on its structural integrity. So if you see cracks in the foundation of your prospect home, then it is better to skip it and move on to the next option. Cracks in the foundation can be very dangerous, and simply patching them up might not be safe enough.
Unpleasant smell
When buying a home, don’t just rely on your eyes as your sense of smell can also be a great way to assess your options. If you come across a property that has a funky smell, it can indicate that the property is not well-maintained, which may lead to problems that you won’t readily see such as molds, plumbing problems, water damage, poor ventilation and others.
When house hunting, you’re on the lookout for the best deal out there, but you should also look beyond the price tag. What’s at stake is finding your perfect home. So be vigilant and critical of your options, and make sure you take time in personally inspecting your prospects.
Buying your own house is a huge step, but it will only be worth it if you make the right choice. So watch out for the red flags, and be critical with your options.
