5 Lessons I Learned When Buying a Home
Buying a home is one of the biggest purchases you will make in your lifetime. Be sure that you are aware of things that could become a potential problem. The following is a list of some things to be aware of before you make a final decision on a home. The more you know about the home and the buying process the smoother and more headache-free the home buying process will be.
1. Home Inspections Won’t See All Defects
Anytime you are dealing with real estate, it is important that you understand that a home inspection will only find some defects and damage. If something is hidden behind a big piece of furniture or is covered somehow it may not be discovered during a home inspection. For people that live in San Diego, it is important to be aware of foundation problems and structural damage. You most likely will get an idea of the more major potential problems that might be a costly issue. You just may discover undisclosed damage or problems after you have already moved in and had a chance to find them.
2. Make Sure You Have All Of Your Paperwork In Order
You must make sure that you have all of your necessary paperwork in order before you sign for a home. Make sure that you have not forgotten something important. You may want to have your attorney help you prepare and organize everything so that you can easily find it.
3. There Could Be Damage Behind The Paint
Sometimes people will paint over water damage so that they can sell the home without having to make repairs or disclose the information to the buyer. Even though this is wrong and should not happen, it, however, does happen. Make a close visual inspection for any warping, soft spots, or bubbled paint. Also be sure to inspect surrounding floor, ceiling tiles, and anything else that might reveal water or termite damage.
4. Understand The Paperwork
Make sure that you have a complete understanding of any and all paperwork that is presented to you regarding your purchase. Always read and understand before you sign anything. If you need help you should consult your real estate agent or your attorney before proceeding. Don’t be afraid to ask questions or admit that you don’t understand something.
5. Make Sure Any Additions Have The Proper Permits
Before you purchase a home be sure that any additions were made with the proper permits. Sometimes people with build an addition without getting the proper permits and inspections. This is not only dangerous it is illegal. You might not be able to get some types of financing such as FHA or certain kinds of insurance for your home.