The Risks of Buying a Used Home

When you are in the market for a new home, it can be tempting to restrict your search to used homes due to financial considerations.  However, this is not always the best choice, as buying a used home brings with it a number of risks that are not an issue when you purchase a new home.  Here are some things to consider before purchasing a used home.

You may not know the history and the hidden dangers

A major risk of buying a used home is that you do not know what may have happened in the structure.  For example, if there was major flooding, it is entirely possible that the home you are looking at might have deadly mold growing behind paneling, underneath carpeting, or in the crawlspace.Image result for The Risks of Buying a Used Home

While there are laws that dictate disclosure when you purchase a used home, many sellers do not disclose past issues.  Further, even if the sellers fully intend to disclose everything, there could be hidden conditions of which they are not even aware.  Finally, even if you can prove that the seller knew about a condition and deliberately withheld that information, getting relief can mean lengthy (and costly) litigation.  As such, buying a used home can mean more headaches than it’s worth.

There may be hidden construction defects

In addition to not knowing about issues such as previous flooding, when you buy a used home, you never know what the previous owner may have done.  For example, some homeowners engage in zealous do-it-yourself home improvements.  These improvements might look just fine, but could involve dangerous and improper construction defects.

A frequent do-it-yourself issue is improper wiring installation.  If you purchase a home that is used, the previous owner may have added lighting, outlets, or other wiring without using a professional.  This means the wiring might not be up to code, and this could end up having dangerous—and even deadly—consequences down the line.

On the other hand, if you purchase a new home, you have the assurance that all the construction has been performed up to code, and you don’t have to wonder whether a hidden defect might lead to a disaster in the future.

You don’t have a say in the layout

When you buy a used home, you buy the home as it exists.  This means you cannot have a say in how it is constructed or laid out.  As such, you may end up regretting your decision: that layout that you tolerate today may become a major irritation to you in the future.

In contrast, if you purchase a new home, you will have a say in how it is designed and laid out.  You can put your own personal touch in from start to finish, and the finished product will be one that fits your tastes and needs exactly.  

The decision to purchase a home is a big one, and although it is tempting to cut corners to save a few dollars, in the end it is one of the biggest decisions you’ll ever make, and it is worth taking the time and effort to ensure that you get the perfect home.  Buying a new home will save you the above—and other—risks.

Don’t take risks, choose a better path with great Home Builders in Huntsville.