Are you thinking about purchasing a property? There are a few options to keep in mind here. For instance, you can think about purchasing a new property or decide to buy an older property. Older properties are more likely to have issues that you will need to pay for and factor in when deciding on your initial offer. So, with that in mind, let’s look at some of the issues that you should aim to avoid.
Damp
One of the most major concerns that homeowners have is whether their home has been affected by damp. Damp can mean the end of your house sale and it can be something to steer clear of when you are buying property. If you have fallen in love with an older house then it is definitely worth getting a full survey carried out. You never know what might show up behind the walls of your potential new home. Damp will not only impact the interior walls but can affect the exterior walls and therefore the whole structure of the house.
If you have money spare to carry out damp proofing and pay for a damp survey then it might be worthwhile knocking some money off the final asking price. Make sure that you only use qualified individuals as you don’t want any cover you have to be void.
Infestation
Another problem to consider is an infestation. This is quite common in older properties and it’s not always as simple as paying for an exterminator. Even if you find the right professional to complete the work, there’s still a possibility that the issue lingers long after you purchase the home.
Structural Issues
You could also find that there are structural issues with the property. These are always going to be expensive to fix and will crop up on any survey that you decide to complete. Ultimately, if you don’t manage issues with the structural integrity of the building, then it could ultimately mean that the property is rendered worthless and may even become unsafe for you to live in.
Run Down Interior
Another thing to note when buying a property is whether you want to invest in a fixer upper or not. Again, if you have a larger budget then you may not mind carrying out decorating or plastering on the walls and ceilings. Some houses that come on the market will be marked down due to the condition of the home and garden. Check them out and if you think you can do the work yourself to inject some new life into the house then make an offer. You could get some quotes from the best painters in the area to see how much they will charge to help you renovate.
We hope this helps you understand some of the key points that you should consider when you are buying a property and the issues that you may encounter with an investment like this. By understanding some of the most significant issues, you can then decide whether they are going to be worth the price of a repair in the future.