8 Things To Keep Away From When Selling Or Buying Houses

Have you or someone you know recently been looking to buy a new home, or sell your current home in order to change things up a bit? Maybe you have had to sell your house in order to work for a company in a new location, and now you are looking for help buying a new one? Perhaps you have never bought or sold a home, but you are interested in getting a space of your own, or moving to a new location to improve your quality of life? If any of this can relate to your situation, then keep reading to get some useful information. This article will touch on some of the different things that you should keep away from when selling or buying houses. Buying or selling your first home can be a stressful process, but you do not need to go through the ordeal on your own. Use the resources included below in addition to the people in your life to help you close the deal with as few issues as possible. 

Asbestos

One of the massive issues you can encounter when buying or selling a home that is older is the presence of asbestos based products. Asbestos was used for many years as a textile in the manufacturing of many types of insulation, soundproofing, fireproofing, and many other uses. This mineral was hailed as a solution for many needs in the commercial and private contracting industry for decades. After a while it was discovered that asbestos fibers were incredibly harmful to the human body, in particular the lungs. Although asbestos is now banned in many countries, there are still places where it is legal to use for commercial purposes. Sometimes there can be asbestos present in your workplace or home that is not a threat, since it is considered secure. If you need to remove asbestos from your home, then you will normally need to hire a professional team in order to assure that the harmful materials are disposed of properly, and that you do not create a situation in which other people are at risk. 

Roof Issues

A prime concern if you are trying to sell your home should be any kind of roof issues that you have experienced in the past. If you plan to have people into your home for viewings then you will probably want to get your home inspected for safety issues before you have people to look at the house. This can allow you to get a good idea of the amount of work that needs to be done, which will also allow you to inform potential buyers of the state of the home. Sometimes roof issues can be simple such as a small leak, or you might have other issues that are more widespread and hard to fix quickly. 

Japanese Knotweed

Depending on your location, you may or may not be familiar with the invasive plant known as Japanese Knotweed. This large plant is something that you should keep an eye out for when buying or selling a home, since it can devalue the property in many instances just through its presence. The long roots of this plant can stretch up to 60 meters underground, and will keep sending shoots up to the surface, which can get up to 10 meters high. Japanese knotweed is incredibly hard to get rid of once you have it on your property, and even if your neighbours have some in their yard it can still cause issues for you. The roots and shoots cause huge problems with the foundation of your home, and can sometimes destroy entire driveways if it manages to get underneath the structure. 

Long Waits

When you are trying to sell a home on a market that is doing particularly well, such as those in many large cities like Toronto and New York, then the last thing you want to do is delay putting your home on the market. Sometimes homes can sell incredibly quickly if they are located within an in demand neighborhood. Real estate pros can help you with the task of selling a house fast in New York. Don’t waste your time selling a home on your own, and instead take the smart route to get your home sold while the market is hot! 

Furnace Issues

One of the hardest things to update or fix in a home can be the furnace system. If you have an older home that uses radiant heating and a boiler, then replacing the current system for something modern could cost you tens of thousands of dollars. If you are looking to buy a home that will not need work, then you might want to avoid older homes altogether. 

Bad Neighbors

They say that big fences make for good neighbors, but you might still want to have friendly neighbors that you can have a good relationship with. If you live next to people who you do not get along with, then you might find that you are not able to enjoy your property to its fullest potential. Maintaining a good relationship with your neighbors can help to keep your home secure, give your children somewhere to play, and allow you to get some nice things done in your yard with their help. 

After reading through some of the different ideas and resources included in this article the hope is that you have come away with a better understanding of some of the things to keep away from when selling or buying homes. There is no reason that you should experience undue stress when buying or selling a home, regardless of how much experience that you have. It can really pay off to do some research before you set out on your home buying or selling journey. Knowing the specific pitfalls and issues to look out for can potentially save you huge amounts of time and money. By checking to make sure you are avoiding the aforementioned warning signs, then you can rest easy knowing that you will not be met with any unpleasant surprises after selling or buying a home.

The views expressed in this article are those of the authors and do not necessarily reflect the views or policies of The World Financial Review.