|Newcastle Australia Zine Issue 3 (Photo credit: Trevor Dickinson)|
Most common repairs made to a house prior to it being sold include roof repairs, plumbing systems, and heating and cooling systems. These repairs often bring good return on investment, as they attract more home buyers, and the receipts are often included in the recent home repairs.
If you are a home buyer, a home inspection should be a critical step in the home purchase. Beware of structural damage coming from water damage, poor construction. Home inspectors will meticulously inspect every little thing they find, and the list can be quite long. Don’t be deterred if they find a large number of things. It’s just their job to spot every tiny flaw, and most of them can be fixed quite easily.
Once it passes inspection, buying a homeowners insurance plan is a great way to have some sort of cover for large cost bills or structural damage. It is especially important if you live in an area prone to natural disasters or in an area where structural damage is a common occurrence. Lastly, many issues come up once you purchase a home. Most of them are just a part of being a home owner, and you shouldn’t sweat the small stuff like leaky faucets and peeling wallpaper. Unless there is something serious, it is almost always cheaper to fix it yourself than to have the real estate broker come in to look at it and see if it is liable for the previous owners. Best of luck whether you are buying or selling!