Home buyers typically know what they want in a home. They have written down the items on a wish list. They have also given thought to things that are not of interest to them and can be a potential deal breaker.
When home shopping, it is important to know which items are minor issues and which are the deal breakers. Not considering a home because of something that is an easy fix may seem silly, but unfortunately it happens often.
You walk into a home and it has terrible wallpaper and/or paint colors. You would not dream of using either one. While the gut reaction is normal, it is important to take a step back and think objectively. Painting is not a particularly difficult task nor too expensive. So, imagine the possibilities!
The ability to recognize the easily fixable issues will help you in finding a house. Visualize how the home would look with some minor cosmetic changes. With a little creativity on your part, you can consider homes that aren’t perfect now but could be just right for you with a little elbow grease and paint.
In some cases the major repairs that a house needs might be obvious. In other cases they might only be unearthed during a home inspection. Either way, you will need to give serious consideration to whether or not you are willing to deal with the problem.
If the home needs expensive repairs, you can ask the seller to do the repairs, have the seller provide you with a credit for the repairs, or do the repairs yourself. In most cases, the seller will probably not be willing to take on major repair work, but might reduce the price accordingly. This still may be a deal breaker especially if you are interested in a turnkey home.
Knowing the Difference
A home inspection is the best way to know about all of the issues a home may have. When you review the inspection, look for things that can be easily fixed as well as those that cannot. The amount of work you want to do on your home will determine what problems you can personally live with.