Top 10 Deal Breakers for Home Buyers & Sellers

 

Buying or selling a home is rife with risks and pitfalls. That’s why having a trustworthy advise from a real estate professional that’s not afraid to have difficult discussions with you is vital. Certain deal breakers exist that can turn a dream home into a nightmare. It is important to identify these deal breakers before considering a property to avoid any future regrets and avoid financial troubles. Remember, deal breakers you accept when you buy the home are potential barriers to you selling the home when that time comes. Here are top 10 deal breakers to watch out for when buying a home.

 

Poor Neighborhood:

The neighborhood plays a crucial role in the quality of life one can expect in their new home. A high-crime area or a rundown neighborhood can be a deal breaker for many homeowners. Research the neighborhood thoroughly, check the crime rate and talk to the neighbors before making any final decision.

 

Structural issues:

Structural issues such as cracks in the foundation, water damage, and rotten roofs can be costly and time-consuming to fix. It is best to hire a professional home inspector who can identify these issues before purchasing a home.

 

High Property Taxes:

Although high property taxes may not be a deal breaker for some, it is important to consider the cost of owning a home in relation to the amount of taxes paid. High taxes can put a strain on your budget and may make the property less desirable to potential buyers in the future.

 

Bad School Districts:

If you have children or plan to have children in the future, the quality of the local schools is a key consideration. Poor school districts can be a deal breaker for many home buyers, and may affect the resale value of a home in the future.

 

Lack of Storage Space:

Inadequate storage can be frustrating for homeowners, and can lead to cluttered spaces, less functionality, and a lack of privacy and organization. Homebuyers should ensure there is enough space for their belongings, and if not, factor in the cost of adding additional storage space before making an offer.

 

Unfavorable Floor Plan:

The floor plan is an important consideration when purchasing a home. Home buyers should ensure that the layout meets their family’s needs, provides sufficient living space, and allows for future home modifications if necessary.

 

Noisy Roadways and Airports:

Proximity to noisy roadways or airports can be a deal breaker for many home buyers. The noise pollution can not only affect daily life, but it can also make the property less desirable to potential buyers in the future.

 

Old or Outdated Kitchen and Bathrooms:

Kitchens and bathrooms are some of the most important features of a home. An old kitchen or bathroom can often be a deal breaker for many home buyers who are looking for a move-in ready home. Such upgrades are pricey and take time to complete, so assess the respective spaces before making any offers.

 

Poor Natural Lighting:

Natural lighting plays an important role in the overall aesthetic and ambiance of a home. A poorly lit home can be a major turn-off and can leave the space feeling dark and uninviting. It is important to visit the property during different times of the day to assess the natural lighting.

 

Termites and Pests:

Termites and pests can cause extensive damage to a home, and require professional intervention to eradicate. A termite or pest infestation can be a major deal breaker for many home buyers, and is another reason why it is important to hire a professional home inspector to identify any potential issues.

 

Conclusion:

 

Buying a home is a major financial decision and it is important to take time to determine what factors are deal breakers for you. Identifying deal breakers can help you make a more informed decision, and can save you time and money in the long run. Always consult with a professional real estate agent and a home inspector before making any final decisions. With adequate preparation, you can be confident in your decision to purchase your dream home.

 

ABOUT CJ REAL ESTATE:  CJ Real Estate is a full-service brokerage helping people across Oklahoma, Arkansas, Missouri and Kansas buy and sell residential, lake, land, ranch and commercial real estate with confidence.

 

MEDIA CONTACT:

Ronn Cunningham

1.918.550.8122

Info@CJ-RE.com

 

SOURCE: Cunningham-Johnson Real Estate