When you're looking at real estate for sale, you may have blinders on to certain things. Things like mold on the siding, cracks in the foundation, old windows, or a driveway that is in bad shape. You may think when looking at a house that most things are easy repairs, but even those easy repairs can all add up. If you aren't very handy, you'll need to hire someone to do the repairs for you which could add up even more. See below for some things you should think about when looking for a new house:
1. Age Of the Windows
If the windows are in bad shape (don't open or close easily, are broken, or drafty) or are old (older than 15 years), count the windows and think about how much those windows will cost to replace (new windows can run a few hundred dollars each). Can you afford that purchase? If the answer is no, this house may not be for you.
2. Age Of The Roof
Roofs also carry a big replacement cost, especially if you have damage to the wood below or to any other part of the house structure. These costs can add up. If the roof is older than 15 years old, has peeling shingles, missing granules, or stains, it may need to be replaced.
3. Condition Of The Siding
The siding on the house may be old, but if it's in good condition, it could last for some time. If it is riddled with holes, dents, cracks or stains, it may need to be replaced. The cost of replacement siding can be expensive, depending on the type of siding you choose, and how large the house is.
4. Overgrown Landscaping
Look around for landscaping problems such as overgrown bushes around the house or trees that are growing too close or even over the house. The cost to have these trimmed or removed can be pricey. Removing a tree can be even more expensive. Overgrown trees have the potential to cause damage to the house if a limb were to fall, or the roots growing beneath the ground can cause damage to your sewer pipes. They may look beautiful, but they could be a big problem for you later.
5. Outdated Home
A home that is outdated may only need a fresh coat of paint, but one that is completely outdated may need new vanities in the bathroom, a kitchen remodel, carpeting or flooring, which can all add up. Your outdated home may also need new plumbing, or electric as well, which if you aren't prepared for it can eat into your savings and leave you in debt.
When looking for a new home, really look at the house and turn off the blinders. Think realistically about the cost of repairs and if you can really afford them. If you aren't able to afford repairs on an older home, ask your realtor to show you more up-to-date homes.
Share10 August 2017
When I started looking for a new house a few years ago, I realized that I had no idea what I really wanted. I knew that I wanted a place that had been updated recently, but apart from that, I was completely in the dark. After evaluating my budget and considering my options, I decided that it would be a good idea to go around with my real estate agent to help me to find a place. My agent was incredibly helpful, and I was able to narrow down my choices within a few hours. This blog is all about making the ever-important decision of becoming a homeowner.
