10 Houses I Would Never Consider Buying!
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- čas přidán 31. 07. 2024
- 10 Homes That Are A Hard Pass For Me! As a home inspector, I would never buy any homes with these types of problems.
1. **Fixer-Uppers**: Unless you're prepared for major renovations, avoid properties needing extensive repairs as they can become money pits quickly.
2. **Houses with Foundation Issues**: Foundation problems can be extremely costly to fix and can affect the overall structure of the house
3. **Homes in Flood Zones**: Properties in flood-prone areas come with higher insurance premiums and risk of flood damage.
4. **Outdated Electrical Systems**: Homes with outdated wiring can be a fire hazard and require costly upgrades.
5. **Houses with Major Pest Infestations**: Pest problems can cause significant damage and be difficult to eradicate .
6. **Homes with Water Damage**: Water damage can lead to mold growth and structural issues, often requiring expensive repairs
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7. **Very Old Homes**: Older homes might have hidden problems like asbestos, lead paint, and outdated building codes.
8. **Overpriced Properties in Declining Markets**: Avoid overpaying for a house in an area where property values are dropping.
9. **Homes with Title Issues**: Properties with unclear ownership or legal disputes can lead to significant legal headaches and financial loss.
10. **Houses with Poor Resale Value**: Consider the potential resale value; avoid homes in undesirable locations or with features that could limit future buyers.
Disclosure:
Please note that all the information provided on this CZcams channel or through it is only for entertainment and educational purposes. The owner of this channel, Jimmy Bitzas, is not a realtor or a financial planner and cannot guarantee the accuracy of the information shared in this video. The information shared is subject to change, as is the nature of the fast-paced world we live in. Jimmy Bitzas cannot be held responsible for any errors in the information shared or any injuries or damages that result from the use of this information.
Good points. I'm in my 60's. Wish I had listened to this advice when I bought my first home in 1987. Repairs take 10 times as long as you think, and cost waaaay more than you could guess. Honesty, my advice for my younger self would be forgo the "savings" buying a TLC special (what we call fixer uppers in Canada), and just get a modest bungalow in a nice, modest area that is taken care of with no weird alterations, get a quote from insurance BEFORE you sign to buy, and just take care of the place without doing fantasy reno's. Cheers.
Thank you for watching the video and thank you for the feedback. It’s greatly appreciated.
Here in the states we call it a starter home. No Frills no fancy just get you in the market
Very true
There are enough houses out there - don't settle for a bad house on Jimmy's hit list. Don't talk yourself into a defective house because of a low price - long after you have bought you won't care that you saved on the buy in, but you will remember all the grief you went through to make it right.
Thank you for commenting. It’s greatlyappreciated.
You are making some very valid points! Keep up the good work. ( new subscriber )
Thank you it’s greatly appreciate the feedback. Trying to get better after each video many more to come.
Good video Sir, your content is pragmatic and truthful.
Btw, were you also a home inspector when you lived in NH and NY? If so it would be awesome to hear your thoughts on the pros and cons of older homes vs newer homes..
Yes, and I will do a video on older homes very soon. I did a couple already, but I want to do an update one. Thank you for commenting. Really appreciate it.
@@exploringwithjimmyb
Thank you for the reply..
It just seems like the older homes were built far better.. Look forward to the video and many more to come