It’s a very exciting time when you’re buying your first home, but with the endless possibilities and upgrades flying around in your head, it’s also important to take a step back and consider a few things before you decide to take the plunge of home-ownership!
You are likely to encounter a number of problems, especially in older homes and fixer uppers, so it’s always advised to get a home inspection done first. Home inspectors know the ins and outs and common problems with each era and style of home in your area. Make sure to set a budget for fixes that you can afford and are willing to address, and always know when it’s best to walk away.
The most common problems to be on the lookout for are lead paint, asbestos and mold. Each of these pose a significant health risk for you and your family. Homes with mold typically means there has been, or still is, water damage. Make sure to check the basement for any signs of standing or leaking water; this can lead to much larger problems, such as foundation cracks, that can compromise the home’s structural integrity.
Other large areas that could be potentially dangerous are faulty wiring and plumbing issues. Older homes that have not been updated may house unsafe electrical wiring that could easily start fires if not fixed properly. Always remember to have your fire alarms up to code, test the batteries often, and keep a fire extinguisher nearby in case of an emergency.
One of the largest headaches when it comes to buying a fixer upper may be a leaky or damaged roof. Make sure your inspector properly checks the roof and lets you know when it may be time to repair or replace it. If it seems to be in good shape, be sure to keep any objects that may potentially damage the roof clear such as trees, branches or debris.
Another potentially disastrous problem that could be determined through a home inspection is rotting wood or termite and insect damage. Not only are these problems hard to stop, they are also time consuming and costly. Always remember that even if the wood rot and damage is confined to a small area, it can often times lead to a much larger problem if not taken care of properly and promptly.
The good news is that beyond any hiccups you may encounter, buying a new home is a rewarding and satisfying experience! Be sure to talk to our independent insurance agents at Doyle & Ogden for any of your home insurance needs. We’d be happy to help you through the process to get you and your family covered! You can request a free insurance quote online or call us at (616) 949-9000.
