My husband and I made a hasty decision in buying our current home. We mistakenly based our decision on the middle school and high school our two pre-teens were to attend. They both graduated high school a few years later which left us in a home that really wasn’t something we would have bought otherwise. Our second mistake was buying the home quickly. We only had the house inspected by the homeowner’s inspector, who missed some problems our house had, making it costly for us to repair down the road.
After a short while, we noticed that our deck was completely rotted but painted over by the previous homeowners in an effort to conceal the damage to make the sale, we presume. We, as new buyers, did not look closely at the deck so the rotted wood sneaked by. We also realized a bathroom window frame was completely rotted out but caulked to hide it, and the roof had numerous leaks. Of course, at that time we had not budgeted for numerous home repairs, so we waited until we had the extra money to fix the problems. We did not purchase buyer’s insurance because of our low budget. It felt like forever until we corrected the problems.
The bathroom window was replaced first, then the roof, and lastly the deck. We consider ourselves lucky that those problems were the only things concealed by the previous owners. The rest of the issues we have had with our home have been due to age, which is normal. These are the points that I would consider the next time I buy a home:
- Like the home? Do not make hasty decisions without walking through the house during different times of the day. Noisy traffic during the evening may be disrupting to the peace a homeowner requires.
- Note the yards of the neighbors. Are they well maintained or messy? Ask yourself if you can live with that every day.
- Do not base your decision solely on what school area the house lies in. Rezoning is frequent in many areas, so the school your child attends this year might not be the same as the next year.
- Also try to by a home in a good school district. The resale value is higher.
- Keep in mind that your children will graduate from school, so if you have older children, be sure you really want the house itself and not just the school they are attending.
- Do not buy a house if not expecting to keep it for several years. The high costs to buy and sell a home could actually place a buyer in the red. Be sure to purchase Home Buyers Warranty Insurance to protect your investment.
- Hire your own inspector and be specific on what inspections you want on the home, such as for mold, termites, or drywall issues. Remember, spending money on the inspector will likely save you a ton of money in repairs that would otherwise have fallen on you.