What Are Some Home-Buying Deal Breakers?
When searching for your dream home, you might already have a mental list of specific real estate features that will cause you to walk away. Some of the more common deal-breakers include the following:
Electrical issues: One of the biggest potential hazards involves wiring. Old or defective wiring and outdated electrical panels can cost thousands of dollars to replace.
Plumbing problems: Issues with the plumbing are often unnoticeable until they become a major problem. Outdated pipes and signs of leaks can cost upward of $50,000 to repair and replace.
Damaged roof: If the home has uneven or sunken areas as well as water damage on interior ceilings and windows, the roof might be the culprit. These are signs of serious roof damage and can cause mold and rotting structural wood.
Environmental hazards: This is typically more common in older homes that might have outdated building materials. Black mold and radon are other detrimental factors that can cost thousands to remove.
If you encounter any of these issues when shopping for a home, it’s up to you to consider whether they’re deal-breakers or not. You might be able to negotiate the price down if the home has serious issues. Otherwise, you might want to consider walking away and purchasing a home that’s in better shape.
Sources: Angi.com, Magazine.realtor, Realtor.com
We are ready to help you find the best possible mortgage solution for your situation. Contact Sheila Siegel at Synergy Financial Group today.
