Whether you’re a first time buyer or this is not your first rodeo, purchasing a new home is not an easy decision. Not only are you working within a budget that restricts your purchasing options, as well as a property market that fluctuates constantly but, you have your own wants and needs to attend to as well.
Of course, the space you need and the amount of bedrooms you require are non-negotiables when purchasing a new home. In today’s property market many buyers feel they need to purchase something as close to what they need rather than buy a property that they’ll renovate to suit their needs. Some might still commit to the old thought process of buying the worst property in the best area and slowly turn it into their dream abode. But nowadays, it’s a bit more affordable to simply buy the best you can for the money you have.
When viewing properties for purchasing, there are some pertinent things to watch out for. You need to make sure you’re not buying a lemon, because when it comes to houses, buying the wrong property could end up costing you money you simply don’t have.
To make sure your property isn’t suffering structural damage that’ll eventually end up costing you a ton of money, you need to know what you’re looking for. Walk through each room in the property and check out the floors. Especially if the property has wooden floors, check for lifting or any type of movement under your feet. If the floors feel spongy or springy, there might be rot, or in the case of laminate flooring, there may be water damage.
Check out the windows and doors too. Replacing one window frame won’t break the bank, but if the house is old the wooden frames and doors could be suffering rot. The best idea is to hire a structural building contractor and have them do the inspection with you. They’ll be able to point out things you wouldn’t even think of.
You don’t have to worry too much about the shoddy paint job on your potential property. Repainting the house won’t cost you an arm and a leg, but you should definitely have a look at issues such as damp or mould underneath the paint.
Be sure to inspect for any water damage throughout the house. Check the drains and make sure to turn on all the taps and check for leaks and inconsistent water pressure or lack thereof completely. Pay special attention to the geyser; if it’s old and in need of replacement soon then you need to consider that in your expenses. Check the ceilings and walls for water stains and the sealants in the bathroom. Also be aware of the smell in the kitchen and bathroom, if there’s even a whiff of damp you need to follow the smell and find out the source.
Be sure to touch everything and every surface and to turn on all of the electronics and plumbing. Check all of the fittings and switches by touching them and using them as per their purpose. This goes or your fittings and the appliances that’ll be staying behind too. All built-in appliances must be in excellent working order. For instance, a built-in oven and hob can be found in most properties but not all of them are in great condition.
Replacing built-in appliances won’t cost too much either and you can consider gutting areas such as the kitchen and bathroom to make use of cost saving appliances. Quick easy fixes include investing in a gas stove which will cut your electricity costs, and looking into a water saving shower fitting that’ll save your water bill too.
When you’re considering purchasing a new property you should look into the right home insurance too. However, this will only cover you for future issues and concerns. As with all insurance, you will need to declare everything that’s wrong with your property up front.