Thursday, October 18, 2012

8 Home Flaws That Buyers Can Overlook

No house is perfect. No matter how hard you look or how many homes your real-estate agent shows you, getting everything you want when buying a home — and getting it in perfect condition — is impossible.
After shopping around for the lowest mortgage rates, you don't want to walk away from a house you like because it needs a few minor repairs, real-estate experts say. The price of the repairs should be factored into what you're paying for the home, and mortgage lenders can help you pull money out of a home sale.
So before you decide to cross a house off your list, here are eight minor home flaws that shouldn't deter you from buying a home. Full Article
  1. Unappealing Paint: This is one of the easiest and cheapest fixes, especially if you do it yourself. Don't let someone's poor taste in paint colors persuade you not to buy. 
  2. Outdated Wallpaper:  It will take work to remove old wallpaper, but doing so is cheap. 
  3. Tired Kitchen Cabinets: Cabinet refacing can be done inexpensively and make your old cabinets look new.
      • Wall to Wall Mirrors: They might have been hip in the 1970s or '80s, but now they are eyesores that can be removed and replaced with paint.
      • Drab Window Treatments: They may be one of the first things you notice when you walk into a house. You can either offer them to the old owners, or throw them out and buy whatever you want to replace them. 
      • Broken Air Conditioner or Furnace: While buying a new one is a major expense, some fixes are inexpensive. A pump for a boiler, for example, may cost a mere $250, so having to fix one shouldn't necessarily stop you from buying an otherwise good home.
      • Lack of Closet Doors: Such an inexpensive fix it would be silly to walk away from a house because there arent' any closet doors.
      • Discolored Bathroom Grout: Buyers who see this may mistake it as the sign of a moldy house. While mildew can lead to problems, have the home inspector check if it's something that can be fixed with a little scrubbing.

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