Facts About Buying a New House Over an Old One
It is such a pride to have a new house all the way from the entry to the exit; it gives you a full feeling of self-accomplishment. 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 are several reasons why the purchase of a new house is far much better than buying a second hand one. In most cases, you may even be the fifth owner of that house. It is tough for you to know its ownership history. Most of the second-hand houses are sold for different reasons which range from good 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 have carried the roof for many decades, and it is almost giving up, the floor has been stepped up for so long and requires a fresh retouch. When a house is being prepared for sale, the agent will stress on the house owner doing some repairs so that it can attract a better offer from its buyers.
This is done to boost the overall strength of the structure but to make you cough more cash unknowingly. 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. You end up not getting the real value for your cash. In nutshell, there are manifold cons of opting to buy an old house.
Now that you know various threats which you may have by opting to buy an old house, here are the measures which you are supposed to make when you are buying a 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 real estate firm may have very limited options to choose from.
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