Is the price on the condo you’re eyeing too good to be true? While competitive pricing is a plus in the real-estate world, sometimes a price too low is one among many red flags. Here are four things to look out for when touring a potential buy to save yourself the headache of costly repairs.
While some small cracks can be a harmless result of a home settling or temperature changes, large cracks in the walls of a house can be an indication of foundation compromise. Foundation repairs can be extremely expensive, and often must be addressed immediately in order to ensure the safety of a property.
One of the biggest red flags for anyone is a pest problem. Because most homes are staged and cleaned before being opened for tours, you’re unlikely to find insect or rodent droppings out in the open. If a home has an infestation problem, though, make sure to look in more hidden places for the presence of pests. Cabinets, closets and under-sink storage can all host droppings and carcasses that may have gone unnoticed, otherwise. Nobody wants unwanted guests, or to pay an exterminator to evict them. Also be aware of air-freshener and chemical smells, which could be masking odors or suppressing established pest populations.
In South Florida, rain often leads to flooding, which can lead to water damage. Extensive water damage can lead to mold and other red flags like rotting joists and problems with the foundation of a property. If you see water damage in a home, it can be a sign of improper drainage. Excessive moisture around a home can cause soil shift, putting fracture-causing pressure on the foundation and eventually costing you money.
Another indicator of major structural damage is the presence of sagging floors and ceilings. The settling of a house over time is to be expected, but if a tennis ball placed in random locations throughout a house rolls in any direction, it indicates a sloped surface that you might otherwise not notice. A ceiling that appears to sag is also a major concern, so don’t forget to look up.
A great way to discern whether there are any problems with a home before you buy it is to ask plenty of questions. Get to know the history of the house and any repairs or changes made to the structure so you’re not blind-sided in the future. A great place to start is with one of OMG Brokers’ experienced, helpful realtors, who you can meet here. Sometimes realtors can also help with negotiating any repairs into the cost of a home, in case you fall in love with a property found with our Property Search Tool. Armed with a bit of knowledge and our team of realtors, you’re that much closer to finding the perfect home.
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