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You Are Here Home » Houses with problems

Searching For A New Home?

07/22/2015 By Scott

Beware Of These 5 Potential Red Flags During Your Home Search.

 

There are numerous factors that a home buyer will consider when visiting homes; everything from the location to the layout to the asking price. While all buyers have their own ideas of what makes a perfect home, there are some factors that they need to be aware of and keep their eyes open for.  A few of these red flags are listed below to serve as warning signs when touring your potential next home.

home damage
Photo by kevin dooley

 

Signs Of Poor Or Deferred Home Maintenance

Unless the home is new construction, you should expect to have some signs of wear and tear. Since it is common for the sellers to make the home as presentable as possible before listing it for sale, a home that seems to be in poor shape should be a warning sign. If the sellers have not kept up on the aspects that you can easily see when walking through it, you should consider what other problems you may find that are not easily visible.

The Grading In The Yard

When approaching your prospective new home, be aware of how the yard is graded. In other words, when it rains or the snow melts, does the water flow towards or away from the house? If the water flows towards the home, issues with flooding and erosion are concerns. Even small issues such as downspouts not discharging the rainwater far enough away from the home can cause flooding or even structural damage.

Something Smells Fishy (Or Worse)

It is pretty common for someone selling a home to want it to smell as pleasant as possible. They may use deodorizers to mask a smell or even bake bread or cookies to make the home seem more appealing. It’s important for a home buyer to determine if this is just a tactic to make you want the home more or to cover up an underlying issue such as mold, mildew, or even backed-up sewers or leaking gas.

Repairs To Only One Area

Many times a homeowner will repaint or redecorate a wall to make it look more appealing, cleaner, and brighter. This in and of itself is not cause for alarm, but use some caution if you note that one wall or section of  a wall appears to have been recently painted and/or repaired. This could be something as minor as covering a child’s drawings to as serious as water damage and mold.

Signs Of Wildlife And Other Pests

Another red flag could be the signs or pests or even wildlife that has invaded the home. Even if you don’t see an army of ants in the kitchen, a wasp nest in the bedroom, or a raccoon in the living room, the presence of bug spray, traps, and other related items may be a clue that the seller has an issue with unwanted pests.

While some of these warning signs may be obvious when you walk through a prospective home, others may require more skill and specialized equipment to see. Because of this, it is always a sound idea to order a home inspection to learn more about the condition of the home before agreeing to finalize the purchase of what is probably the largest investment you will make in your lifetime.

Photo by kevin dooley

Filed Under: Conventional Loans, FHA, Manufactured Home Loans, USDA Tagged With: Home buying, Home Purchase, Houses with problems, Red Flags

Contact Info

Scott Swinford - NMLS# 138422
Hancock Mortgage
10971 Four Seasons Pl. - Suite 104-B
Crown Point, IN 46307



Phone: 219-695-0369
Fax: 219-210-4855
scott@nwiloanguy.com
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