Are you thinking of purchasing a resale property? If so, it is important to be aware of the potential pitfalls that may occur during the transaction. There are many things to watch out for when buying a pre-owned home, and if you aren’t careful, you could end up with a lemon! This article will discuss the top four things to look out for when buying a resale property.
1. Check the Condition of the Property
One of the first things you should do when considering a home for sale in Sandy Springs, GA, is to check its condition. This is crucial since it will give you an idea of what repairs or upgrades might be required before you move in. If the property is in poor shape, bringing it up to code could cost you money. Before making an offer, it’s usually a good idea to seek a professional opinion on the property’s condition.
2. Be Aware of the Potential for Hidden Damage
Another thing to watch out for when buying a resale property is hidden damage. This is often not immediately apparent but can be discovered during a survey or inspection. Hidden damage can include things like dry rot, damp or structural problems. These issues can be expensive to put right, so it is important to be aware of them before purchasing the property. It would be preferable if you looked into some of the common things before buying your dream home, it would help you inspect the property before making an offer.
3. Make Sure You are Aware of the Cost of Repairs
If you find that some repairs are needed, it is important to get an accurate estimate of the cost before proceeding with the purchase. This will help you determine whether the property is worth the asking price. It is also a good idea to set aside a contingency fund to cover any unexpected costs during the repair process.
4. Check for Planning Permission
If you are thinking of carrying out any major renovations or extension work on the property, it is important to check whether you will need planning permission. This can be a complex and time-consuming process, so it is best to get all the necessary permissions before starting work. Failing to do so could result in costly delays or even legal action.
These are just a few things to watch out for when buying a resale property. With careful planning and due diligence, you should be able to avoid any major problems. If you are unsure about anything, it is always best to seek professional advice before proceeding.