Buying the home of your dreams usually costs all the cash you have as well as everything you can borrow. You could quite literally save thousands by educating yourself to spot the top 7 home defects. If you don’t, you might wake up to an unexpected £3,000 repair bill for a new heating system three months after you move in.
Of course, you should have a full survey done before completing the purchase as this will highlight if any key issues exist. However, there is a limit to what a survey will uncover as these are visual investigations and destructive probing is not a standard practice.
Should you spot one of these seven or see one mentioned in the survey report, then you will be able to get an estimate for the work. When you have a figure, then you could try to to negotiate this amount off the purchase price.
Wear on a roof may be readily apparent if the wear is very advanced. However, a roof that is starting to age will show signs more subtly. Re-roofing costs thousands of pounds. The cost will be higher still if the existing roofing surface needs to be stripped prior to re-roofing.
Replacement of old defective windows can cost thousands, don’t overlook this obvious defect. Also poorly fitted windows can add thousands to your heating bill.
Second in our list of home defects is proper insulation and ventilation. These aspects are more important than most home buyers are aware of. Inadequate ventilation in an attic will result in accelerated deterioration of the structural roof. Whereas as poor insulation will cost you a fortune in heating costs.
Bulges, deflections, and other irregularities in the roof, or cracks in the foundation wall may indicate a serious structural problem. This could be the result of poor structural design, poor construction techniques, improper structural alteration or water damage.
First, determine whether the size of the service to determine if it meets current standards. The electrical system should then be checked. Start by removing the cover from the electric service panel. Once the wiring is exposed, look for problems in the panel such as burnt wiring, overloaded circuits, and improper wiring connections. As well as openings in the panel and DIY installed wiring.
Be wary of old lead and galvanized steel water supply pipes. Be sure that you check the piping condition in the house for deterioration and leaks.
Look out for coal fires, as they will consume fuel faster than you can feed it. If you do see coal fire, then have a plan to replace them with a modern efficient heating system. Safety concerns such as defective controls, inoperative emergency switches, and evidence of past malfunctions as well as carbon monoxide emissions must be carefully investigated.
If a home has been poorly maintained and there are obvious problems, proceed with extreme caution, as this could be your worst nightmare. Should you be able to see any problems, then imagine what you can’t see! It could well be a money pit. So, you might want to keep your chequebook handy.
While any of these 7 home defects can cost you a lot of money to repair, if you’re purchasing a property with one or more of these defect then you could ask for a discount. If you’ve defered your own maintenance and are preparing fo sale then it’s time to asses which of them you need to improve and plan how you will solve that defect.