Signs You Might Be Buying a Money Pit

Signs You Might Be Buying a Money Pit

6 Warning Signs That Could Mean Expensive Repairs…

Many people think that serious defects in a home are easy to spot, but the truth is, often the most serious and costly problems can only be detected upon very close inspection. When you are considering buying a home, look for the following six telltale signs of serious problems:

  • Roof

    Leaks are the most common problem with roofs, and are tough to detect from outside. However, from inside an attic, you can often see water marks where there is a leak.

  • Plumbing System

    Make sure you are confident that both water systems: the one that brings fresh water in and the one that takes sewage out are functioning well before signing on the dotted line.

  • Electrical Systems

    Before you agree to buy you should make sure that you can run all of the appliances you want to and even power tools at the same time without having a power failure. You also want to make sure that the electrical system is safe and does not present a fire hazard.

  • Heating & Cooling Systems

    Be sure to thoroughly inspect the heating and air conditioning systems in any home you are considering purchasing.

  • Bad Paint & Signs of Rotting

    The paint inside and outside the house can reveal a lot about the condition of the underlying material. Check several places on several walls, using your eyes and a screwdriver for poking.

  • Cracks & Other Important Signs

    Cracks in walls, doors not closing properly and uneven floors can all be signs that there is a problem with the foundation. If the foundation is not strong, the entire house could literally collapse, so you should carefully check for these signs. A bad foundation may not mean imminent disaster, but it could be used to bargain for a lower sale price, or you could ask to have the owner repair it before the sale.

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902.499.5050

kris-gerrior@coldwellbanker.ca

32 Glendale Avenue
Lower Sackville, NS B4C 3M1

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