You May be the Tenth Owner of the House you are About to Buy
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. There are several reasons why the purchase of a new house is far much better than buying a second hand one. The term second hand in most cases can mean you are the twelfth owner of the house. The property agent will never reveal to you the ownership history of the house which you are just about to buy. One can sell a house for a good reason or because it has become a burden to him. 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. You now come buying such a house, and you inherit the problems. The roof may be having set of potential problems. The walls have carried the roof for many decades, and it is almost giving up, the floor has been stepped up for so long and requires a fresh retouch. This is just like the other market where when the house is on sale, the agent will stress on the property being repaired, not to add to its strength, but just to look more attractive before the eyes o f the unsuspecting buyers.
The reason for this is not to give you a durable service which can last you for a couple of years, but to just entice your eyes and fall into the trap. The walls could be having cracks which posed a great danger but to bury this, they are just filled up, and some repainting is done just to lure your curiosity. You end up not getting the real value for your cash. 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.
As you transit from the conventional idea of buying an old house, it is also very paramount for you to know the steps which you are supposed to take when you are purchasing a new home.
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. Always ensure that you have worked with reputable estate firms. A small firm will rely on your cash to buy their next house, and out of this, you will be required to pay them money.