No one hunting for their dream home wants to end up purchasing a money pit.
When it comes to a for-sale home, there’s always going to be elements that aren’t to your taste. However, there are also signs that can indicate problems beyond reasonable repair, such as cracks, water damage and neglected landscaping.
Signs of a potential lemon
The second is water damage, such as stains on the ceiling, which could indicate a problem with the roof or plumbing issues.
And don’t overlook landscaping: Dead palm trees or drooping fronds could end up costing over $1,000 to remove or maintain.
Also watch for:
¦ Spots of fresh paint, carpet or flooring — These could be covering up larger issues such as mold or a bandage repair job.
¦ Foul odors, both inside and out — Be wary of musky, gaseous, smoky or noxious odors.
¦ The nicest house on the worst block — You’re buying a neighborhood along with a home. A rehabbed home on a block where others need TLC could be a great investment, or the neighborhood could be a lemon for you and your family.
Homebuyers should also test everything during their walk-through: Open all the closets; open and shut the windows; flip all the light switches on and off — anything you can test, do so.
Finally, he recommends getting a second or third opinion in the form of a home inspection by a certified expert, which can end up saving you thousands of dollars and hours of stress in the long run.
“Always talk to an expert, like an inspector, someone who’s a specialty inspector. “And always take your time and really pay attention to the small things.”
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