3 Warning Signs You Need to Break Up With Your Potential Dream Home

Katherine Stanislawski
Published on April 21, 2016

3 Warning Signs You Need to Break Up With Your Potential Dream Home

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Buying a home is serious business. We all know that it’s most likely going to be the biggest financial investment you’ll ever make in your life. This is why you need to take off the rose-colored glasses when you are narrowing down your choices. So often, I hear excited Rolla, Missouri buyers announce all the features that they love about a house, which is good, but don’t let those things overshadow some issues that can be quite serious and costly.

A young couple purchases a new home from a real estate agent.

3 Warning Signs You Need to Break Up With Your Potential Dream Home

  1. It’s Superficial.
  2. It’s a Taker, Not a Giver.
  3. It’s Got Notches On its Belt.
Hawthorn East Garden
                                        Source

The house is superficial. Remember that high school boy or girl that you thought was super cute, but when you finally got the nerve to talk to him or her, you weren’t impressed? The package looked good, but once you got to know how the person was on the inside, all of a sudden, they weren’t so good looking or charming anymore (okay, Keanu is still cute!). A house can do that to you, too. You can easily be swept away with some of the home’s features that you overlook some important items that, in the long run, are more important than the shiny kitchen appliances.

The house is a taker and not a giver. Remember that guy or girl you dated in college who insisted that everything had to be as they wanted? Or maybe that bossy friend? You always seem to end up watching the movie they wanted to see or eating at their favorite restaurant instead of visiting that new one you’d been wanting to try out. A house can be selfish, too. When considering a home, you need to take inventory of all the things that may need to be done in the next 1-5 years. This is especially true if you are considering a home at the top of your budget and money may be tight. How much life does the roof have? What other maintenance items or upgrades do you see that need to happen? What about landscaping? All of these things need to be taken into consideration, and you need to be realistic about your budget. Otherwise, you may feel that you are doing nothing but dumping money and time into the house and not able to enjoy it.

It’s been around the block a few times. A house can have had many owners, which may be absolutely nothing to worry about. But then again, it could be a red flag. Has it been through several owners, and have they each attempted to remodel or make repairs? Just because DIYs are popular doesn’t mean everyone should attempt to do them. Again, it’s crucial that you take inventory on all of these repairs, as even minor ones can end up costing thousands of dollars. Always, always have your home inspected by a qualified home inspector! Your REALTOR® can obtain bids from professionals to assess the costs needed to do any repairs that may show up on your inspection report.

 

Whether your are moving to Rolla, Missouri or the surrounding area,  contact me to discuss the home buying process. 

 

Enjoy these other helpful blog posts:

4 Important Mortgage Documents Buyers Must Sign by Bill Gassett

Tenants Beware

Top Mistakes To Avoid As A First Time Buyer

 

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