4 Costly Repairs to Watch Out for When Buying a House
After years of waiting and saving, it’s finally time to buy your dream house. The real estate market may have a great number of ideal properties, but you shouldn’t be overwhelmed. If you miss inspecting the important details, you could end up spending more money on repairs.
Here are some things to check before buying a house and land package in North Brisbane or any other areas in QLD:
According to cheatsheet.com, the average cost of repairing a roof is $12,000. The price can even go higher depending on the materials used. Even if you replace the roof with low-cost materials (which isn’t advisable), it would still cost you a considerable amount. Have professional roofers check the condition of the roof and trust their word before signing the deal.
Mold doesn’t simply put your family’s health at risk, but also your savings. If left unmanaged, they would spread and damage your carpet, flooring, walls, and other porous and semi-porous materials. As mold growth often begins under the wall, it may be difficult or impossible to notice a mold-infested home until the signs become evident. Check the dehumidifier before anything else.
Check the foundation of the house, especially if it’s in an area with unstable bedrock, have too much soil moisture, or seismic activity. If the house is already decades old, then chances are structural problems — like cracks and damaged foundation supports — exist. Expect to spend at least $10,000 for a damaged foundation and an even higher amount on any underlying issue.
Electrical and Plumbing
Minor electrical and plumbing issues are normal, but re-wiring or re-plumbing the entire house would cost a significant amount of money. If you think you can DIY this, then you’re putting yourself at risk — which means possible hospital bills if you get hurt.
A thorough home inspection is necessary before you buy a house. It’s when you can get an idea of the major repairs and actual value of the house. Be present during the inspection, so you can ask about concerns that you might have.