March 19, 2018
The search for a new home can be fun, exasperating, stressful, and exciting all rolled into one for Livonia home buyers. The one thing for sure is that you are making a big investment.
And just as you are making a big investment, the seller is selling what is most likely their biggest investment. So while you are trying to purchase the Livonia home at the lowest price you can, the seller is trying to get the most out of their investment.
When selling, a seller typically tries to avoid spending more money than they have to. That is why if there are problems or upgrades needed that can be covered up or avoided, the seller will most likely avoid these. It is your job as Livonia home buyers to complete your due diligence in order to find and have repaired any of those items that would be a problem.
When going through the process, Livonia home buyers will want to take the time to look for these potential red flags when purchasing a house.
Understand the Situation
Livonia home buyers need to understand the situation. Again, you want to buy for as low as possible while the seller wants as high a number as he can get. So there are some instances where an issue might receive a cosmetic fix versus an actual solution.
For example, say there was mold in the basement, and the seller tried to save money by getting rid of the mold themselves instead of paying for a professional. There is a good chance you can find a trace of the mold by looking in dark, damp areas.
Or how about a place on the ceiling that doesn’t match with the rest of the ceiling? It may have been caused from a roof leak. Livonia home buyers will want to make sure that the leak was fixed properly.
Delayed or Ignored Maintenance Issues
Take a look at all of the walls. Besides looking for peeling paint, Livonia home buyers need to be looking for cracks. Cracks can be an indication of a foundation problem. Although that is not always the case, it is best to be careful.
New paint can be just to make the house look nicer, but could also be used to cover up problem areas such as water damage, mold, or mildew. Pay especially close attention if only one part of the wall or ceiling looks like it has new paint on it.
Livonia home buyers will also want to check for an odor in the basement. Can you smell mustiness? If so, it could be an indication of mold.
Do you see any evidence of standing water in the past? Basements are notorious for flooding if the sump pump stops working. If there are any cracks or crumbling areas in the basement then it is a good indication that water can seep in.
What Does the Neighborhood Look Like?
Livonia home buyers are not only choosing a house; whether you like it or not, you are also choosing a neighborhood.
Do your research to see if there are any red flags that show up in the neighborhood. Things like empty buildings, lots of trash alongside the road or in yards, or graffiti are a good indication that you should be leery of buying into the area.