You May be the Tenth Owner of the House you are About to Buy
It is such a pride to have a new house all the way from the entry to the exit; it gives you a full feeling of self-accomplishment. You have just managed to run away from the ever pestering landlord and now there you are, a new key, a new house in the location which you really like. There are several reasons why the purchase of a new house is far much better than buying a second hand one. In most cases, you may even be the fifth owner of that house. It is tough for you to know its ownership history. Most of the second-hand houses are sold for different reasons which range from good to bad ones. One can opt to sell his house because it has series of problems stemming from the construction of the building. After the owner has encountered series of expensive repair and maintenance costs, he then chooses to sell the house. You now come buying such a house, and you inherit the problems. The roof could be having series of issues which makes it frail. The walls may look new because of the light paint, but the structure could be almost giving in to environmental pressures due to age, and the floor could be rough. When a house is being prepared for sale, the agent will stress on the house owner doing some repairs so that it can attract a better offer from its buyers.
This is done to boost the overall strength of the structure but to make you cough more cash unknowingly. You may not see huge cracks in the wall because they are just filled up and painted, giving you the lure to cough your cash fast. You end up not getting the real value for your cash. In nutshell, there are manifold cons of opting to buy an old house.
Now that you know various threats which you may have by opting to buy an old house, here are the measures which you are supposed to make when you are buying a new house.
With many property brokers in the market, it is always sound to ensure that you are not going to fall into the trap of bogus dealers. Always ensure that you have worked with reputable estate firms. A small real estate firm may have very limited options to choose from.
Source: New Homes for Sale Huntsville al