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What are inspection red flags to watch for?

On Behalf of | Dec 30, 2022 | Real Estate Law

Many people think that buying a new property comes with significant and unavoidable risks. However, this is not always the case.

In fact, it is perfectly possible to lower the overall chance of risks happening by having a home inspection.

Issues with foundation

U.S. News discusses red flags that may crop up during a home inspection. Three main categories often come up repeatedly, with the first being foundational issues.

Foundation issues deal with the foundation of the home. Many people cannot properly assess the state of the foundation on their own and need a certified inspector to come in and give it a look. Some issues with foundations are fixable, but others – such as issues with piling – may make it so it is better to skip the property over.

Mold on the property

Next: mold issues. Mold issues sound more severe than they often are. It exists in spaces with water damage more often than not. In order to determine whether to pass up on the property, look at the type of mold or mildew growth and how extensive the damage actually is.

Electrical problems

Finally, pay mind to electrical issues. Older properties might need the wires replaced. Modern lifestyles require a good deal of electricity and a reliable system. On top of that, poorly maintained or installed electrical systems can prove a fire hazard.

If any of these systems have major issues present, or if mold seems to take over large parts of the property, it may be wiser to pass the property up for something else.

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