Buying a new home is a source of pride and excitement for many adults; however, it’s important to be cautious and thorough when making such a significant investment. From personal preferences to the state of the housing market, you want to ensure you're getting the property you truly want instead of jumping at what's available. Proper precautions like arranging inspections and utilizing a title company can prevent unanticipated repairs and buyers' remorse. Here are a few conditions to look for.
What Issues Should You Watch for When Shopping for a New Home?
1. Foundation Troubles
The foundation forms a home's sturdy base, so you must buy a property with a strong and stable one. If the foundation has shifted or cracked, you may notice issues within the house itself. For example, due to shifting frames, the doors and windows might not close all the way, or they might be particularly hard to open. Or, if you place a small ball on the floor, it might roll to one side or the other, indicating sloping floors. Bowed or cracked walls are another tell-tale sign of foundation trouble.
2. Musty or Intense Odors
Every home and family seems to have its unique smell, but it’s important that your prospective new home doesn’t harbor any undesirable odors. A musty smell may indicate mold or mildew growth, especially in attics, basements, and bathrooms. Since mold exposure can have adverse health effects, you may need to have the owners pay for mold remediation services before making an offer. On the other hand, if the home smells overly flowery or perfumed, this may indicate an attempt to cover unpleasant odors.
3. Title Issues
Once you’re certain that a home is in good condition, it’s crucial to secure services from a title company to ensure your purchase is legitimate. A title company can perform a title search to identify liens and validate a clean title. For example, if the seller is not the legal owner of a property, they can't legally sell it. However, a title company can verify who holds the deed and whether previous owners still owe money toward the property, creating a lien that must be paid in full before a sale can take place.
In Hamilton County, TN, and the surrounding areas, aspiring homeowners rely on Chattanooga Title to perform their title services. For 43 years, this trusted title company has worked with buyers, sellers, realtors, and lenders to facilitate smooth real estate transactions. They are proud to maintain relations with the Women’s Council of Realtors and the Mortgage Bankers Association. Visit them online to learn more about their services, or call (423) 756-3057 to schedule a consultation before buying your house.