Buying a new home can be both exciting and overwhelming. Even if you have found your dream home there are still a few things to consider before making an offer. Many people don’t know what defects or problems to look for that could ultimately cost thousands to repair. We came across an article on MSN Real Estate and thought it would be useful for potential home buyers. The article is titled ‘7 Ways First-Time Homebuyers Can Avoid a Lemon’ (by Heather Levin of US News & World Report).
The article lists the top things you should look for before signing on the dotted line. Many of the items on the list were pretty easy for anyone to discover with the naked eye however, you are likely going to want a licensed home inspector to look over the property prior to purchase.
The article includes these precautionary items:
- Check the foundation
- Inspect the HVAC equipment
- Look for water damage
- Check the electrical system
- Look at the house at least twice
- Get a home inspection
- Consider that if the price is too good to be true, it probably is
There are many other things to consider and keep an eye out for when buying a new home, however, this list is a great way to avoid investing too much time into a dud.
Related Resources:
Tips for The Final Walk Through
Questions to Ask a Home Inspector
Advice for First Time Homebuyers
Hidden Home Defects to Look Out For
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Be sure to contact American Financial Resources for information and products geared toward first time homebuyers. Give us a call at 800-634-8616 to discuss available home financing options.
To read the article in its entirety visit: http://realestate.msn.com/article.aspx?cp-documentid=27522974
