T
hink you've found your dream home? Think again. Homebuyers often get caught up in a property's charm, only to discover costly problems down the line. Experts at Palm Paradise Realty Group warn that some issues can be deal-breakers.
Old wiring can pose a safety hazard and require expensive repairs. A leaking roof may seem like a minor issue, but it'll eventually need to be replaced, costing thousands of dollars. Bad drainage can turn your basement into a swimming pool and create mold problems, while also affecting neighboring properties.
Japanese knotweed is another nightmare: it drives down property value and is difficult to eradicate. Zoning laws can restrict renovations or additions, so check them before buying. A neighborhood's character may not be immediately apparent from online listings - take a walk around the area to get a feel for it.
Flood risk is often overlooked, especially in areas where sellers aren't required to disclose this information. Ask neighbors about any flood history in the area. Some homeowners associations (HOAs) can be overly restrictive, dictating even minor details like mailbox color.
Finally, don't overlook potential bug infestations - they can cause significant damage and be difficult to eliminate completely. To avoid costly surprises, conduct thorough inspections before discussing price with sellers. It's better to spend a few hundred on inspections now than thousands on repairs later.
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