Home Buyers: How to Avoid Paying Too Much for Your Laguna Woods, Palmia or Casta del Sol Home
Tip No. 9 Don’t Ignore Red Flags When Evaluating a Home’s Pluses and Minuses
When evaluating the advantages and drawbacks of a particular property, be sure you know the difference between acceptable and unacceptable problems.
Some issues—peeling paint, worn carpeting, ugly wallpaper—are cosmetic and can be easily remedied. In fact, you can use these “problems” during negotiations to lower the asking price—after all, you’ll need to spend money to bring the house up to snuff. Make careful note of what you see that can be used to your advantage. Don’t nit-pick, however—if taken to extremes, you could end up alienating the seller and creating a hostile atmosphere.
Other problems may be warnings to walk away. Major foundation cracks, evidence of previous water damage, signs of serious dry rot or termite damage, antiquated electrical systems or plumbing—any one of these may be cause to reconsider your interest.
Don’t let a house’s positive attributes blind you to very real problems. If you do, the chances are good that you’ll end up spending much more money than you ever expected down the line.
This is Tip 9 of a series of 24. Watch Melanie Callahan's blog for upcoming helpful tips on how to maximize your return on investment when you do buy (and later, sell) your Laguna Woods, Palmia, Laguna Woods Village or Casta del Sol home.
Melanie Callahan proudly serves the real estate needs of local residents, including offering Laguna Woods Village listings and real estate listings in Orange County Gated Communities.