Why Buy a New House Instead of an Old One?
The joy of saving for a house is being given a new key for a new house. You have just managed to run away from the ever pestering landlord and now there you are, a new key, a new house in the location which you really like. There could be a lot of reasons why one should go for a new house instead of an old one. In most cases, you may even be the fifth owner of that house. The property agent will never reveal to you the ownership history of the house which you are just about to buy. A house can be sold due to various reasons which ranges from good ones to bad ones. There are houses which are sold because they have constructional issues and it is very expensive for them to be rectified. After the owner has encountered series of expensive repair and maintenance costs, he then chooses to sell the house. If by bad luck you buy such a house, you will automatically inherit the same problems of the former owner. You know not what the roofing of the old house has for you. The walls may look new because of the light paint, but the structure could be almost giving in to environmental pressures due to age, and the floor could be rough. This is just like the other market where when the house is on sale, the agent will stress on the property being repaired, not to add to its strength, but just to look more attractive before the eyes o f the unsuspecting buyers.
The few dollar repair and maintenance is normally done so as to attract better offers from potential customers and not to give you the actual value for your cash. You may not see huge cracks in the wall because they are just filled up and painted, giving you the lure to cough your cash fast. Ultimately, you end up paying for the value which is far much above the actual value of the property. It is now clear to you that you may think that you are making a sound judgment by the acquisition of a second-hand home, only to find that you have gotten into series of issues.
Upon deciding to run away from problems related to the purchase of an old house, here are the tips to help you buy a brand new house.
Always equip yourself with tips which will make sure that you are not going to be lured to buy property which does not deserve its quotations. Always ensure that you have worked with reputable estate firms. A small firm will rely on your cash to buy their next house, and out of this, you will be required to pay them money.