These Things Should Always Be Deal Breakers While House Hunting
We’ve talked before about things you should overlook when house hunting, but being flexible and seeing past a home’s imperfections isn’t always the thing to do.
Don’t get us wrong, there are a lot of things that should be overlooked because they can easily be changed down the road. However, some things should never be overlooked. We like to call them “deal breakers”.
Making a list of your deal breakers is essential to finding the perfect home for now and well into the future. That’s why the things on this list should be non-negotiable. Seriously, don’t get emotionally attached to something that will create resentment down the road. Ultimately, it’s up to you and your family to create your own list of deal breakers before your house hunting adventure begins, but we’ve compiled a list of the most important ones in order for you to jump-start the process!
A Real Potential for Water Damage
A lot of household problems can be fixed, but being subject to water damage is one that is not even close to an easy fit. Before committing to a house, be sure to research if it’s in a flood zone. (FEMA has a handy website that can search all flood areas by address.) Also, take notice of its elevation on the block compared to other homes. Is this house at the lowest point on the street? Will your basement constantly be at risk of flooding and causing you large problems and even larger repair bills? Make sure you look very closely for any signs of water damage.
Do your research so that you know exactly what you are getting into, and are not surprised by a flooded basement after the first rain in your new home.
(All Different Kinds of) Safety Concerns
Safety concerns are a very broad category, so it’s important that you get as specific as possible when creating your house hunting deal breaker list. Safety concerns with electronics can be caused by amateur workmanship, such as plumbing or electrical problems. But this could also be caused by other household issues, such as:
Insect infestation
Check the links for helpful ways to test for common safety concerns. Before you buy any house, let alone a suspect one, make sure to hire an inspector. If they report any problems, know exactly what issues result in you walking away from the deal and which ones you are willing to deal with (and potentially pay for!). Having this information clear before the home buying process will allow you to remain objective during this emotional time.
Below Average School District
If you have kids, be sure to investigate the local school district before you buy a home in that district. Niche.com provides a comprehensive look at most every school system in the country, including elementary, middle and high schools. You can also look at schools individually!
Even if you don’t have kids, we still encourage you to do the same because that school district will impact the resale value of your home in the long run and should be considered before you purchase.
Structural Damage to the Home’s Base
Structural damage in a home can cause some serious problems down the road, not to mention what a nightmare it would be to try to re-sell a home that has these large issues. It’s important to consider this when house hunting in order to avoid large project costs down the road. Look for shifting of the home in cracks, uneven floors or a drooping roof to identify potential structural damage. If you’re not sure, don’t be afraid to Google a contractor or professional so they can assess the situation and reassure you the house is a safe long-term investment.
Unless you are buying a foreclosure for pennies on the dollar, structural damage is certain to massively impact your investment in a negative way.
A Floor Plan That Doesn’t Work for Your Family
All rooms can be rearranged, redecorated, repainted or even switched around, depending on your family’s needs. However, don’t trick yourself: a sweet overlook may be cool, but the layout of the home or the square footage of the home is not so easily changed, especially without a massive budget and an extra-large construction project. Are you looking to double your investment by knocking out walls?
It’s okay to look past the cosmetic upgrades in a home, but don’t look past what the pros call “the bones” of the house: the layout, the number of rooms, the number of bathrooms or again, even simply the square footage. The bones are permanent and will directly impact your lifestyle. Are you willing to change your life just for that sweet view?
House Hunting Outside of Your Price Range
Buying a home out of your price range is a slippery slope and a financial decision that can put a lot of stress and pressure on you and your family.
It is also the most common deal breaker people ignore!
If you have a strict budget you need to follow, adding this deal breaker to your house hunting checklist will be a great way to “check yourself” and make sure that you are coming in under budget and not putting an unnecessary strain on you, your marriage, or your family. Besides, it is almost always better to invest in a cheaper property than to live with what you cannot afford.
What’s on Your House Hunting Deal Breaker Checklist?
All of these may fall on your house hunting deal breaker checklist, or maybe some of them… or maybe none at all. Technically, the most important thing is shedding light on the fact that people don’t often consider deal breakers ahead of hunting for a house. That’s why a house hunting checklist is crucial to avoid getting emotionally invested and making an impulsive decision that you’ll regret later on.
Remember the biggest rule: once you agree on which deal breakers gets added to the checklist, you cannot purchase any home that has even one of the things on it, regardless of how adorable it may look! This cute house may look great now, but it probably isn’t the best investment for the long run. Hold strong, the right one will come along… it always does!
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To know more about House Flipping and choosing a property, check out LandCentury.com
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