Buying a house remains one of the most significant purchases in one’s life. Besides providing shelter from the elements and comfort and storage, a house is also an investment which can increase or decrease in value.
This is why there is a multitude of “how to buy the right house” articles out there – because a house is an investment that should be decided on carefully.
There are so many factors to consider beyond the interior and exterior architecture, how many floors there are, and how much will it cost you. Is it in the right neighbourhood? Are the plumbing and electrical wiring in order? Is the aesthetic appeal to your taste? Does it stand a good chance of increasing in value over time?
But what these articles don’t cover enough are the negative aspects that you should watch out for and be extra cautious of when doing a property inspection.
The architecture may be nice, the price may be within your budget, and the neighbourhood may be right, but what if you’re actually buying a house that would consume the rest of your money with the multitude of repairs it apparently needs? Or what if it hides so many flaws that you didn’t know how to spot when roaming around the property the first time?
To help you refine your search for the perfect house, check out this very tongue-in-cheek infographic by Tauscher Cronacher on how to buy the WRONG house.