Changing Price of Real Estate ImageBuying a home usually means you’re getting it in as-is condition, unless the specifications are noted in the contract. In order to make sure you’re not stuck with a lot of expensive repairs, you need to line these out carefully in the paperwork.

Leaks in the Roof

Checking the roof is very important because you have anything from small leaks and mold to entire sections that need to be replaced.

This will of course be included in the home inspection report, but you can ask the homeowner questions as well. Any repairs that have been made recently can be inspected by you two together to see how well they are holding up, and this will give you a chance to ask about the history of leaks as well.

If water has been getting inside the roof for a while, it’s also necessary to check and see if mold is present. Mold can grow and spread quickly and this could result in a very expensive clean-up project.

Stairs and Railings

Flights of stairs may be fun for kids, but they can also be dangerous is steps are missing. Railings should be secure and existing from top to bottom.

If they are not, then this is a repair issue to bring up with the homeowner. Make sure your contract includes the fact that the homeowner will bring these up to code before you take possession of the property.

Your home may come with a few items that need to be repaired, but safety is the most important.

Electrical Wiring

Electrical problems can be very dangerous, especially if they are creating shorts behind the wall. All it takes is a single spark to set insulation or other material on fire behind the sheetrock.

If this occurs without your knowledge, you may find yourself in quite the predicament with your family. Rather than wait for something like this to happen, talk to the home inspector about the condition and age of the electrical wiring throughout the home.

They will tell you if they found any particular problems that require immediate attention. If so, these should also be included in the repair portion of the real estate contract.

Read the Fine Print

Buying a home does require a large amount of financial investing from you, but you should not be paying top dollar for a residence that is going to cost you even more.

Make sure you read all the fine print and negotiate these repair details with the seller first. Then, you won’t have any surprises show up after the sale has been completed.

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This is filed under Home Buying.

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