When Buying Your First Home, Know What to Look For

When buying your very first home, it's important to have a list of necessities you want and need in a home. It's also important to know what to look for, including red flags and possible issues that may become problematic later. Although the seller has undoubtedly staged the home to perfection, make sure you look for the following when touring a home:

Kitchen appliances are some of the most important items that come with the house. They're costly and crucial to your overall lifestyle. Be sure to ask many questions about the age of all appliances and open them up to get a good idea of their condition.

Check ceilings for water damage, cracks or leaks--they may be indicators of possible structural damage that you may not want to deal with.

Outside, look at the gutters, patio and examine the overall exterior conditions. Ask questions about what types of materials have been used. This may help you decide if the asking price is really worth the type of investment you'd be getting into.

Inquire about the plumbing in all bathrooms. Make sure no work is needed, as plumbing repairs can get very expensive. Also ask about any other type of important system, such as the heating or cooling systems. You don't want to be stuck with a pricey repair right from the start. Asking now prevents surprises later.

Buying your first home is a very exciting time. By being prepared and knowing what to look for, you can ensure a smooth and swift transaction from beginning to close.

Source: Relocation.com

Reprinted with permission from RISMedia. ©2013. All rights reserved.