Cordova Real Estate Group

Home Buying 101: How to Evaluate Property Inside and Out

Ordering a home inspection on a house you’re about to buy makes it easy to assess if the property is worth your investment. It can save you from making a costly mistake and prevent you from buying a house that entails major and expensive repairs.

If you follow these tips for buying a house, they will enable you to determine the true value of the property that you intend to purchase.

Carefully evaluate the quality of construction of the property and see if there is any maintenance work that needs to be carried out. Check for elements that could pose a risk to you and your family, especially during extreme weather situations.

Caulking is needed to seal a home from the outside elements and to prevent water from entering the house. It is important to see if there is cracked caulking around doors, windows, and water areas.

Take note that smoke detectors are installed inside the house. These devices are required inside each bedroom as well as in the hallway of bedrooms. There should at least be one smoke detector on every floor of the house.

If there is a basement, check for signs of seepage around the foundation. Be wary if there are cracks in the basement since they could be an indication of a shifting foundation that could lead to various issues such as flooding.

Look around for signs of pests and insects, such as mice, termites, and cockroaches.

Ask the previous owner if the roof has leaked in the past. If it did, ask how and when it was repaired. Check the ceilings and dormers for signs of leaks. You can also look for signs of former leaks under the sinks in the bathrooms and in the kitchen.

Houses with low ceilings, new windows, and a smaller footprint are more likely to keep heating and cooling bills low. You could request for previous utility bills so you can estimate heating and cooling costs.

The checklist that follows will help you assess whether or not the house is worth fixing or if you’re better off walking away from this real estate deal.

Here are some questions to consider when you are evaluating homes for sale in South Orange county:

I. Condition of the Exterior

A. Roof

B. Structural Integrity

II. Condition of the Interior

A. Plumbing

B. Electrical Systems

C. Inside the home

In summary

Before purchasing a new property:

Understanding these flaws will help you prepare financially for the final budget and the offer you will make for your dream home.

You can follow these tips in choosing condos or townhouses for sale in Orange County, CA.

Need help evaluating luxury homes for sale in Orange County, CA? Get in touch with the Cordova Real Estate Group today at 949.858.0405, or send an email to marianncordova(at)gmail(dotted)com.