Deciding on buying a home is typically done off emotions. You can easily get tunnel vision and become set on a home because it’s located in the perfect area and school zone for your kids. The home could have the perfect layout you’re wanting for you and your family to live in for years to come. Whatever the case may be that could have your eyes set on a particular property, it’s important to keep your emotions in check and keep in mind the financial side of things. There are four components you should keep in mind before making your final decision, as in most cases they are the most expensive to repair.
1. The Roof
The roof is there to protect the interior of the building from the exterior world, serving as a barrier against moisture, branches, debris, and pests. If it is found that the roof is almost near the end of its useful lifetime, its important to consider the financial commitment that will need to be made, as roofs can be an expensive replacement.
2. The Plumbing
A properly functioning plumbing system is important for a home to be able to function properly. Is the plumbing system old and if so, is it in working condition? If a repair is needed, will there be substantial construction potentially needed because the piping is in the foundation of the building? Have these questions answered.
3. The Electrical System
If its an older home you’re looking at, the electrical system could be outdated. The electrical system could have improper wiring. If this is found to be the case, the home will need to be rewired for safety reasons.
4. The HVAC System
The HVAC system can be working fine, but, during the inspection, it could be found that the duct system has deteriorated. What is the age of the system and has it had the proper maintenance done? Is it almost at the end of its useful lifetime? Have these questions answered.
Ready to make a move?
Before you begin the process of buying a home, determine what you can afford so you can be prepared to make the best decision on any issues that may arise. Find out about these major systems current condition and expected life expectancy so you can budget accordingly. Here’s a home buying checklist to help you be prepared: https://www.rocketmortgage.com/learn/best-home-buying-checklist