The home buying process is filled with important decisions, such as evaluating where you want to buy and how much home you need. However, when you buy a home there are some additional important factors you need to take into consideration to check for issues in the home. Here are some tips to help you find the right home for your personal and financial needs.
Inspect For Problems
When you find a home you want to put an offer on, there are areas of the home you should check into further to make sure you aren't buying a home full of problems. For example, you don't want to buy a home that has the electrical wiring completely out of code and with the potential to cause a fire, and you don't want a home that has foundation damage. A home inspector can go through the home you intend to purchase and check it thoroughly from the rooftop to the basement.
Your home inspector can also check for moisture damage in the home and plumbing problems or septic issues if the home has a septic system. You can also request a mold inspection on the home to check the home's air and surfaces within the home for the presence of mold spores. This inspection and test will let you know if any areas of the home have a large number of mold spores and what types, such as if they are toxic black mold spores.
Look at Rental Potential
Another important factor you can consider is if the home has the potential to be a rental. There may come a time when you need to move for work or other reasons and you cannot or do not want to sell the home immediately. You can rent the home and collect rent, which will cover the property's expenses, such as the mortgage payment and property taxes along with repairs and upkeep costs.
To find out if the home could be a good rental property, you need to look at the amenities and interior features of the home. For example, a three-bedroom, two-bathroom home is going to provide more rental potential than a three-bedroom, one-bathroom home. And if the home has a fenced yard and a garage, these provide additional incentive to a renter and provide additional rental value to help you cover the home's expenses.
For more information on single family homes for sale, contact a local real estate office.