Home Buying Advice: Costly Mistakes Home Buyers Make

First time buyers often make the mistake of rushing into a deal without fully considering potential costs that may follow once the deal is done. Before you dish out the cash for the place you would like to call your home, you must educate yourself on more than just down payments, mortgages and timelines. Here is a look at some of the costly issues for home buyers that are often overlooked.

The Roof

First and foremost, you would want to make sure that the roof is safe from any water damage and there are no missing shingles. If any such issues exist, you may have to replace the roof. While the roof is considered a big-ticket item, the exact cost would depend on the chosen material and the area it covers. Reaching out to current owners for documentation of roof work or the last date of replacement can help you make an informed decision.

Water Heater

A new water heater can set you back by a significant amount of money, unless you choose to buy a small water tank. Water dripping from the tank is considered a tell-tale sign that it may not be good for long. Consider replacing the unit when you notice any leakage. Another option is to invest in tankless heaters that cost approximately twice the amount as traditional units but are less likely to run out of hot water and offer significant energy savings.

HVAC System

It is common for people to overlook the regular maintenance of the HVAC systems. Should you happen to have access to the heating and cooling systems during an open house, make sure you check for maintenance tags before you make an offer. In case you do not get the opportunity to inspect the systems in person, consider hiring a professional to inspect the ductwork, measure airflow and clear out any debris that may be clogging the air conditioning unit.

It is better for homebuyers to be proactive about addressing these costly issues before they become bigger problems and require more time and expenses. If you need more help, get in touch with me for any assistance or advice to help you avoid mistakes that home buyers can make. Feel free to call me or send me an email or get in touch on Facebook.

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