For people who have already bought their first home, buying a second one isn't difficult. For first time homebuyers, however, it’s a different story. In between discovering new neighborhoods and going on house tours, there are a few things you need to look out for before making the purchase. In addition, there are also a few red flags to keep an eye out for, as well.
To make sure you buy the house of your dreams, keep reading to learn how you should prepare to buy a home and the red flags you need to avoid.
Set Your Standards
It’s common knowledge that buying a house is one of the biggest investments you’ll ever make. As such, you want to make the most out of every cent you’re spending. Before you go researching real estate agents and browsing the market, take some time to think about what you would like in a home. It can be anything such as a pool, a backyard, a quiet neighborhood, and easy access to schools and stores.
Knowing what you want from your new home makes the search much easier for you and your real estate agent. However, one thing you should always remember is that there is no such thing as a “perfect” home. While some houses might not have everything you’re looking for, you shouldn't let that dissuade you from buying it. A small compromise can go a long way when trying to close the deal.
Watch Out for Odors
When touring houses, there are plenty of things you need to look out for. One of the more notable factors to look out for is strange odors. You’d be shocked to know how many people have looked the other way simply because of a bad odor. A foul odor wafting through the air can be the result of underlying issues, including a dirty carpet to a poorly maintained plumbing system.
A foul odor isn’t all you have to look out for either. Some houses smell nice when you first walk through the door. However, you’ll know something is off when the smell is extremely pungent. Too much of a positive can be a negative, or in this case, it’s hiding a negative. Some desperate real estate agents may resort to masking a bad odor with an overwhelming aroma rather than choosing to fix the issue.
Say No to Mold
Speaking of red flags, none raise these more than mold does. In short, mold is a type of fungus that grows on virtually any surface. It thrives in dark, moist areas, like in the basement or under sinks. Typically, mold growth is caused by water damage, which is another reason to keep searching for your new home.
However, it is possible to stumble across mold during a house tour. If this happens to you, you have several options. If the area is small, ask the owner to pay for an inspection and removal of the mold. However, if you find multiple areas of mold throughout the home, you may want to move on.
Searching for a new house should be as problem-free as possible. Use this list to help you identify potential issues and come up with solid expectations for your new home. Don’t hesitate to ask your real estate agent about any questions you may have.