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3 Common Property Defects to Be Aware Of

May 18th, 2017 | Home, Purchasing, Appraisal, Defects

When attempting to buy a home, it is important to be aware of each and every potential issue that you may run into during your transaction. This is particularly true if you are planning on purchasing a home in Miami. One great way to learn more about the Miami real estate market is to speak with a local expert such as a mortgage broker in Coral Gables. When appraising potential properties to purchase, it is wise to be aware of potential hidden defects that you may run into. Here are three common property defects to be aware of:

1. Mold: Mold is a common problem in older homes. Be sure that the home you are planning on purchasing is carefully inspected for mold. This way, you can avoid a substantial amount of fiscal damages from mold that was unnoticed before your purchased it.

2. Termites: Termites are another problem that homeowners have to invest a great deal of capital in if they go unnoticed. For this reason, it is wise to have an expert look for early signs of termites in order to avoid issues that could become quite costly down the line.

3. Foundation Issues: Foundation issues are something that tend to occur quite regularly. To this end, it is wise to check for these issues because they can also cause great issues for you to encounter when you least expect them. Be sure that you bring in a trained individual to verify for foundational issues.

Property defects can often be hidden and manifesting without you being aware. This is why it is absolutely essential for you to inspect your property for these defects going forward. This way, you will be able to ensure that you are paying the proper price for the property that you are intending to purchase.

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