You've found the home of your dreams. The price is right, the time is right, and you have the down payment ready to go. But before you get your heart set on the property, you need to be aware of some red flags that could make you change your mind. Here are 12 potential issues that should give you cause for concern.
When you go to an open house, you expect it to be, well, open. The homeowner wants to sell the property quickly, and creating any kind of hurdle, be it locked doors or bolted sheds, is a warning that something may be wrong. It could be that the person showing the home simply wants to keep some valuables locked away. If you're interested in the home, ask to come back later to see what's behind those closed doors, with an escort. If they still say no, you've got your red flag. And if it remains locked during the inspection, run away. There could be anything waiting for you, including bugs, water damage, faulty electrics, or any number of hazards.
Depending on when you visit the home, and where the home is, you will see various things happening in the streets — kids playing, people out mowing the lawns, and a general feeling of regular activity. If the neighborhood is deathly quiet, take a closer look. Why is it so quiet? If you start seeing a lot of "For Sale" signs, and see that some properties are in a state of disrepair, you could well be moving into a place that most people are trying to escape from. Ask around, and talk to neighbors if you can. It may just be it's a very quiet neighborhood. But it could also be a place that is quickly becoming abandoned.
Used in homes between the late 1950s, through to the late 1980s, popcorn ceilings were a trend that thankfully died out. Aside from being horrendously ugly, and difficult to paint, they could also pose a serious health hazard. Many popcorn ceilings contain white asbestos fibers, and that is nothing you want to mess around with. It takes a professional crew hours to remove it, and the charge can be up to $3 per square foot. Multiply that by all the rooms in the house that have the tacky popcorn ceilings, and you could be looking at thousands of dollars in labor. If you see it, ask the seller if they can have the popcorn texture removed on their dime. Or, ask for a reduction in the house price to deal with the costs of removing it.
Where there is a funky smell, there is usually an underlying cause. It could just be some weird cooking that happened the night before, but chances are, it's something ingrained in the home. You may be smelling mildew, mold, or water damage in the floors and ceilings. Get your nose inside areas where smells can be hiding, like closets, cabinets, and the corners of basements and attics. And if you smell nothing but air fresheners in every room, the seller may be trying to cover up an offending odor.
To be fair, some homeowners want to freshen the place up before selling it, to get a better price and a quicker sale. But look at the type of redecorating that has happened. If it looks consistent throughout the home, or one room has been completely redone, then that's probably fine. But if you're seeing little patches of new paint and paper, they may be covering something the seller wants to hide. If you see some major construction work has just happened, you must get it inspected thoroughly. If the renovations were done in a hurry, and didn't have permits, they could be dangerous, or even deadly. It's not unusual for load-bearing walls to be removed, to open up a layout, causing serious structural problems.
Unless you're buying a brand-new home, you will be living in a house that has been lived in before. We all hope the current owner has done his or her best to keep the property in tiptop condition, but it's not always the case. So, look for signs of a lazy homeowner. Are several doors really tough to open and close? Are some of the light switches and sockets cracked or broken? Do you see wallpaper peeling at the corners, or burned out bulbs that haven't been replaced? All of these can signal a homeowner who didn't maintain the property, and could signal bigger issues that you will only find after moving in.
It's not as easy to spot as a couple of dangerous loose wires sticking out of the wall; faulty wiring can be lurking behind switches and faceplates. When going through the home, check all of the switches, even on the garbage disposal. If there are issues, like flickering lights, circuits that buzz and hum, excessive heat, or just switches that do not work, it could be a sign of larger electrical issues. Old wiring that has to be brought up to code can be costly, and should be a burden on the seller, not you.
As you walk through the property, look for telltale signs of bugs and rodents. Are there mouse traps hiding in the corners of the garage? Do you see shelves full of pest control products? What about droppings? Do you see a lot of dead bugs on the window ledges and in the basement and attic? Any of these signs, and many more, can be an indication of a pest problem that could be costly. If it's termites…very costly.
When the house was built should help you figure out if the heating and cooling systems should have been replaced by now. In some cases, they should have been replaced multiple times. The average life span of a furnace and air conditioner is 13–20 years, depending on the make and model. If you're looking at a home that was built in the 1980s, those systems should have been replaced twice. So, take a close look at the age of the units, or ask the seller to tell you how old those items are. To replace them both can cost many thousands of dollars. Also, ask for them to be turned on. If you notice strange sounds, they may be in need of repair or full on replacement.
One of the big complaints many homeowners have is storage space, or the lack of it. If the home doesn't have a basement or attic, you should definitely check out the state of the cupboards, and the garage. Can they even get a car into the garage? If it's full of their things, chances are, you are going to have storage issues, too. If the cupboards are threatening to pour the contents all over you when you open the door, that's another big red flag. Of course, they may be hoarders, but if you see that it's just regular items that are jammed into every available corner, you have a storage problem on your hands.
Homeowners can get pretty creative when it comes to hiding stains, holes, and damage. If you notice area rugs in every room, lift them up. It could be that the rugs are disguising unsightly carpet stains, or damaged floor coverings. If you see walls covered in posters, frames, hangings, and even drapes, look behind them, too. They may be hiding a whole host of problems, including wet rot or dry rot.
Most homes develop a few hairline cracks over the years, as the house settles on the foundation. But cracks in the walls and floors that are greater than a third of an inch wide are a cause for concern. It's highly possible the house has serious structural problems, and you may have to foot the bill for some very costly repairs and foundation work.
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