Facts About Buying a New House Over an Old One
The joy of saving for a house is being given a new key for a new house. You have just managed to run away from the ever pestering landlord and now there you are, a new key, a new house in the location which you really like. This piece highlight essential reasons which makes choosing to buy a new house far much better option than just buying a second hand one. The term second hand in most cases can mean you are the twelfth owner of the house. It is tough for you to know its ownership history. Most of the second-hand houses are sold for different reasons which range from good to bad ones. There are houses which are sold because they have constructional issues and it is very expensive for them to be rectified. After the owner has encountered series of expensive repair and maintenance costs, he then chooses to sell the house. If by bad luck you buy such a house, you will automatically inherit the same problems of the former owner. You know not what the roofing of the old house has for you. The walls may look new because of the light paint, but the structure could be almost giving in to environmental pressures due to age, and the floor could be rough. When a house is being prepared for sale, the agent will stress on the house owner doing some repairs so that it can attract a better offer from its buyers.
This is done to boost the overall strength of the structure but to make you cough more cash unknowingly. You may not see huge cracks in the wall because they are just filled up and painted, giving you the lure to cough your cash fast. Ultimately, you end up paying for the value which is far much above the actual value of the property. Out of all these highlights, it is clear that there are very many disadvantages which may come with the purchase of a second-hand house.
Upon deciding to run away from problems related to the purchase of an old house, here are the tips to help you buy a brand new house.
With many property brokers in the market, it is always sound to ensure that you are not going to fall into the trap of bogus dealers. You do not need to be a property agent, all you need is to ensure that you are working with a property agent who has a sound track record in the real estate market. A small real estate firm may have very limited options to choose from.