If someone is eager to sell their property, they may keep a few defects hidden. Sadly, most of us cannot afford hiring a professional inspector for each property that we view. Thus, here are a few things that you can spot yourself, telling you to avoid the purchase. If you can afford a professional inspector, check out Phil Pustejovsky.
The first thing is that you must get to know the neighborhood. Very few things are more important than this. Find out whether the community is going through growth, or whether it is declining. Seeing a lot of homes in foreclosure and boarded up businesses is a sure sign of trouble. Also make sure that you visit the area at different times and on different days. This is also a great opportunity for you to get to know the traffic. Do also come at least once at night, so you can see whether the streets are safe and quiet at night or not. Also make sure that you get a local crime report from the police.
There are also a number of things that can cause a lot of damage to a property that are almost irreparable. Some of these issues include water damage, pest damage, asbestos, mold and faulty wiring. Sadly, in order to see these problems, you may require quite specialized skills yourself. It is very much possible that the sellers don’t know these problems exist. If they do know any of these problems are present, they may do all they can to keep them hidden. In order to hide these types of issues, all that needs to be done is a bit of cleaning and reducing how much power is being used. Besides organizing a professional home inspection, what you can do is speak to members of the community. They will quickly tell you whether any of these problems have occurred in the area in the past. Generally speaking, big issues like pests, water damage and mold happen in more than one house at the same time.
When it comes down to it, you are the only person who is able to decide whether or not to buy that property. However, make sure you exert due diligence at all times. Always make sure a professional inspector has looked over the property first. If an inspector does find significant issues, you can decide whether you want to leave the property behind, or whether you want to bargain and bring the price down substantially. However, you do have to make sure that you don’t purchase a true money pit.