Houses are well known to be expensive investments regardless of buying new or used. <\/p>\n\n\n\n
Sometimes one can pop onto the market for a great deal, but before buying a fixer-upper, there are several warning signs to be on the lookout for, so you can understand all the risks<\/a>. <\/p>\n\n\n\n The following list will lay out some things to look out for before dropping a large lump of money into a possible money pit<\/a>.<\/p>\n\n\n\n Mold can be a toxic nightmare for homeowners, and water damage can completely ruin the integrity of a home. <\/p>\n\n\n\n If the air inside the home feels moist or damp, have a mold test done, check the ceilings for any leaks, and be sure the foundation and basement have no cracks or signs of water. <\/p>\n\n\n\n A slow plumbing leak can cause considerable damage, which is very costly, so be very careful before purchasing a home with potential water-related damage.<\/p>\n\n\n\n Damage to the roof can be costly to repair, especially if there is damage to the rafters, beams, and sheathing. In addition, roof damage can lead to leaks which can lead to unsettling mold problems and water damage to the ceiling and walls. <\/p>\n\n\n\n Be on the lookout for discoloration on the ceilings, bubbling on the walls, and any other damage caused by water leaks. As for the roof itself, pay attention to areas with missing shingles or where they look particularly worn down.\u00a0<\/p>\n\n\n\n Old homes may have outdated electrical systems that are outdated. <\/p>\n\n\n\n For example, a home with a fuse box rather than a circuit breaker is at higher risk of overloading and potentially causing a fire.\u00a0<\/p>\n\n\n\n To update an old electrical system will cost thousands, depending on the age and size of the home. If looking over a home that appears to have an old electric system, have an electrician look it over before deciding on the purchase. <\/p>\n\n\n\n Old galvanized pipes can lead to lead poisoning, leaks, and expensive damage. When looking at an older home, be sure to check out the pipes and assess their condition<\/a>. <\/p>\n\n\n\n It is also a good idea to check the water pressure in the shower and sinks as well as the toilet’s ability to flush.\u00a0<\/p>\n\n\n\n Be on the lookout for bubbling toilet flushes, as they could indicate a problem with the septic tank or sewer lines. <\/p>\n\n\n\n Having a plumber come out to check all of these things would be very beneficial before dropping a large sum on a home.\u00a0<\/p>\n\n\n\n Every home should be built on a sturdy foundation and properly leveled. Check the home’s flooring and foundation when you inspect it. Any leaning or dips to the floors are a sure sign of something happening to the home’s foundation. <\/p>\n\n\n\n You can walk the perimeter of the home to check for cracks in the foundation, settling<\/a> or signs of eroding soil. These types of repairs are very costly and not easy to fix. <\/p>\n\n\n\n If you have any concerns regarding the foundation, be sure to get a professional opinion.<\/p>\n\n\n\nSmell of Moisture<\/h2>\n\n\n\n
Deteriorating Roof<\/h2>\n\n\n\n
Outdated Wiring <\/h2>\n\n\n\n
Outdated Plumbing<\/h2>\n\n\n\n
Component<\/strong><\/td> General Lifespan<\/strong><\/td><\/tr> Cast iron waste pipe<\/td> 60 years<\/td><\/tr> Gas and plastic water lines<\/td> 75 years<\/td><\/tr> Water heater<\/td> 6-12 years<\/td><\/tr> Copper water lines<\/td> 70 years<\/td><\/tr> Water softener<\/td> 20 years<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Unstable Foundations<\/h2>\n\n\n\n