Evaluating Real Estate: What You Need To Remember

As you look over a property that you intend to buy, it is important to spend a significant amount of time checking everything out. A quick, thirty minute visit is simply not sufficient, but this is precisely what many buyers do. Take your time and pay attention to a few important factors before signing on the dotted line.

  1. Is the structure solid?

The need for a surveyor depends on your evaluation of the building, although it is always a good idea to bring someone in to be sure. As you walk around, keep an eye out for large cracks. Small cracks are normal. In particular, pay attention to the areas around bay windows and the places where extensions meet. It is common to see cracks in these areas if the house has an underlying issue. If you are concerned about something you see, bring in a surveyor to quell any doubts that you might have. In addition, if the walls are bowing, have a structural engineer come out to the property.

  1. Is damp present?

If there is damp, you will typically notice a moldy smell. There may also be water marks on the ceilings or walls. As a result, you need to examine these areas closely. In addition, it is okay to be suspicious if you notice a fresh paint job; the owners may be trying to hide an issue with damp.

  1. How is the house positioned?

If there is not much sun out on the day that you visit the home, you may have trouble determining if it faces to the south or the north. However, this is important because you want your home to be bright and warm instead of in the dark all the time. Kay-grant.com who provide Scottsdale homes for sale suggest therefore, bring a compass or use a phone app to figure out which way your potential new home is facing.

  1. Do you have storage space?

Many people forget about storage space until after they move in, but it could very well determine your long term satisfaction with a property. Is there space to store seasonal items that you are not currently using? Do you have a closet to put towels or cleaning supplies? Is there an area where you can put in shelves?

  1. Has staging influenced your decision to buy?

Proper staging is an important strategy for owners. You can put items like mirrors in a space to make it look better or bigger. Be careful when evaluating a property and make sure you are basing your decision to buy on the home itself.

  1. What size are the rooms?

Pay attention to the dimensions of the rooms, not how they look during your walk through. It is not unusual for owners to select small furniture for a space to make it appear big.

  1. Is the roof new?

It costs a lot of money to put on a new roof. A roof can be expected to last about 15 to 20 years, which is not a very long time. In addition, if the roof is flat, determine what sealer was used. A membrane is preferable to gravel and asphalt.

  1. What do the windows look like?

The exterior appearance of the windows can tell you a lot about how the house has been maintained. If the windows are in good condition, the rest of the house may be as well. Check to see if the window frames are rotten or if condensation has built up between the window panes. Both of these are signs of an issue.

  1. Is the plumbing acceptable?

Turn on the taps and see if the water pressure is acceptable. Find out if the pipes are insulated and make sure that lead is not involved. Find out the age of the boiler and check out the radiators. Also, where is the hot water tank? If there is one on the roof, it is probably dated.

  1. How are the power points?

You want good wiring in your home. You also don't want to pay to have a home rewired. Take a look at the fuse board and see what condition it is in. It may clue you in to the condition of the wiring overall.