Things to Look for When Purchasing a Home

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Home Page > Finance > Real Estate > Things to Look for When Purchasing a Home

Things to Look for When Purchasing a Home

Posted: Mar 05, 2007 |

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There are many things to watch for when buying a new home. Often, home buyers find themselves overwhelmed by the process of buying a home and overlook many of the telltale signs that a home might not be all they think it is. It will always be good practice to go over the negative aspects of any given home, in detail, before making an offer. Many of the following things should be found during a proper home inspection, however it is a good idea as the buyer to familiarize yourself with certain things and to discuss them with your Realtor and the inspector.

1. Damp Basements

A damp feeling in a basement can suggest water seepage, either from improperly graded soil, or a bad foundation. This can lead to many problems further down the road when considering renovations or remodeling. This can also lead to problems with mold and the deterioration of the standing foundations. Moisture can also weaken the foundations leading to expensive repairs in the future. This is also a health concern as the presence of mold has been linked to several respiratory conditions and ailments.

2. Cracks in the Foundation

Always inspect the interior and exterior of the foundation for cracks and stress marks. Visible cracks can mean several things; excessive settling of the house, the fact that the house may have been built on an improperly graded site, or in an area that is prone to earth movement. Cracks can also allow small insects access to the interior of the home. Ants and termites can cause no end of costly problems in a home. There are many different types of foundation imperfection and the causes of these are quite varied. If there is any evidence of an imperfection in the foundation, have the entire foundation checked by a professional.

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3. Odor

The presence of unappealing odors can mean many things in a home, the most common of these is mold. Biological problems like mold can be difficult to repair as it usually means an extensive amount of work to correct them. Ripping out walls is the most common “fix” for mold as it can be trying to find the source. Visible mold can be killed with bleach, but usually the problem runs far deeper than the surface. A professional inspector should identify any mold problems upon the necessary inspection and relate these to the realtor or home buyer.

4. Poorly Ventilated or Damp Attic

This is another factor that can cause large amounts of mold and dry-rot to develop in a home. Check the interior of the roof if it is accessible. Is it wet? If so, there is a problem. This means there is insufficient ventilation and/or a leak in the roof itself. The interior of a roof should be bone-dry, year-round. This could also be a result of fans from the kitchen or bathroom that vent into the attic and the attic is not properly set up to accommodate the moisture that this generates.

5. Discoloration

The discoloration of portions of the walls or ceiling is a good indicator of leaks and seepage. This could indicate a problem with leaking roofs or plumbing pipes. This can be an extremely expensive problem to fix as it usually involves cutting into the walls and/or ceilings. Leaks such as this can also cause a fire hazard as they may interfere with the existing wiring. Be mindful of fresh paint as this is a common way to cover up spots that show water damage.

6. Electrical Work

One of the largest causes of electrical fires in homes is D.I.Y. Electrical work. Check the connections on fixtures and anything that appears to be added post-construction. Electrical work should never be done by an unqualified individual. For instance, check the main electrical panel, does it look unorganized and sloppy? This is one indication that the home’s electrical work may have been done by a non-certified individual. Haphazard wiring can lead to costly repairs and is a definite danger to the homes and residents.

7. The Property Itself

The Property itself can contain many oft-overlooked problems. In particular the landscaping of the property can affect the home itself and particularly the foundations. Is the property sloped away from the house? The high point of the property should always be the house itself. This assists in drainage and presents water problems. If the land slopes downward towards the home, chances are there will be issues with water and seepage.

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Simon Conway -
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Simon Conway is a professional real estate agent and investor specializing in Orlando real estate , and Orlando vacation homes & resort communities. Simon has won several accolades including agent of the year in his firm, and has been a member of the multi-million dollar club for many years, he is also a speaker and lecturer on real estate investing.

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would there be addendums? Should I be concerned, or is this a normal part of a bank owned home sale?

6 Tips In Purchasing Ranch Property

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Home Page > Home Improvement > 6 Tips In Purchasing Ranch Property

6 Tips In Purchasing Ranch Property

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Posted: Mar 07, 2010 |Comments: 0
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By definition, a ranch property is huge tracts of land where some structures are built like a farmhouse and a residential infrastructure. In a ranch, there is plenty of livestock. Some of us dream of owning a ranch. Maybe when we were kids, our parents brought us to a ranch where we enjoyed the scenery and the cattle and sheep. Maybe some of us just want to own huge property where we can raise some animals. For some people, a ranch property is also good for relaxation away from the stresses of urban life. In addition to that, one can also gain money by having a ranch property. So it can serve a major purpose not only as a residential area but also as a good means of income.

But selecting the right ranch from all the available ranch properties in the market is not that simple. You have to know that in the past decade, this part of real estate properties considerably increased in value. So there are certain things you have to look out for. You need to get a ranch that is appropriate for you and fits the budget you have allotted for it. Here are some six useful tips that can greatly aid you when it comes to purchasing ranch property.

1.When buying ranch property, one of the first things you have to consider is access to water resources. For the property to be considered a good ranch, it must both have natural access to government supplied water. This means that the ranch must have copious supply of water. It is also better if there is groundwater supply in the ranch property such as creeks, springs and brooks. It is a plus if the previous owner dug up a deep-well in the ranch. The purpose for having plenty of supply of water is that you are going to raise livestock, which all need a lot of water. In addition to that, you need a good water supply for the crops you plant in your ranch. Another thing about water supply is that you must have access to fresh clean water from the government water system for your own domestic needs.

2.Although the ranch property you must purchase ought to have water supply, do not buy a ranch that is easily flooded. A flood is one of those catastrophes that you do not want to experience in a ranch.

3.When buying ranch property, avoid those areas where wolves, coyotes, and other predators abound. They are dangerous to the cattle, sheep, and other forms of livestock you own. These natural predators not only kill your livestock but also damage your crops. With these around, your ranch property cannot maximise its potential to make profit.

4.Purchase a ranch property that has grass everywhere. If there is plenty of grass on your ranch property, then you have plenty of food to feed your livestock. In that way, you also get to save money.

5.Make sure there are trees all over your ranch. These trees are important to provide shade to your livestock when it is a very sunny day.

6.When you are going to buy a ranch property, make sure that it can be easy to get to. It means that there must be roads that lead to your ranch. Do not purchase ranch property that has no definite road access because that offers so many problems.

A ranch property is a fun place to live in as well as to raise livestock. Away from the bustles of the city, it is a peaceful and calm place, which you might enjoy living in.

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If you have plans on purchasing ranch property cleaning, there are certain tips to follow to ensure that you get a quality ranch. There are plenty of cleaning properties for sale these days, so make sure you get the best one for you by following these six tips.

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In Texas, which is a community property state, how can a spouse purchase a home (cash) and not have to get signature of their spouse first required by the Title company to purchase the home and close
I intend to purchase a property from a bank that was put on the market because the mortgagor defaulted, what type of clause should be included in the indemnity to me from the bank?
If i purchase a piece of property and incorporate it, can i hide my name from being owner of that property

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