There can be plenty of excitement as you make plans for your new future as a first-time homebuyer. This excitement can cause you to overlook problematic details when selecting the real estate market. These red flags can lead to financial stress if you are not careful. Here are the top three red flags to look for when buying a home.
Structural Issues
When buying a home, you must look for structural issues. Problems within the foundation or walls can cost thousands of dollars to repair. Serious red flags to watch for include limited access to certain rooms, pest infestations or visible damage to the roof. Make sure to hire a home inspector to uncover any structural issues.
Numerous Homes for Sale in the Area
Many homes for sale in a particular neighborhood can be a significant red flag when buying a home. It can mean that the area is declining, crime rates are rising, or there is unwanted construction. An upside to this situation is that you may be able to negotiate a lower price with the seller.
Strange Smells
Pay attention to the smells at open houses when buying a home. Overpowering scents of air fresheners or freshly baked cookies could be attempts at masking more offensive odors. Unpleasant odors can be indications of water damage, poor ventilation or mold. Look for strange smells in closets, basements and cabinets.
Professional Real Estate Assistance for Buying a Home
Buying a home is one o the biggest investments you will make in your life. Consulting real estate professionals can help you avoid the most common red flags you may overlook while house hunting. The real estate professionals at Voila specialize in streamlining the process of buying a home so you can make the best decisions for your needs. Schedule an appointment today!