Deal or Dealbreaker?
Cosmetic issues like dirt and decor are easily remedied and shouldn’t spot you on an otherwise good home. Below, however, are some things that should be potential dealbreakers for buyers. (Unless this is what you are specifically looking for!)
Location - There are many things you can change about a home, but location isn;t one of them. A property in a location that requires too long a commute; is in an unsafe neighborhood; lacks quality schools and other amenities; or has some other barrier to quality of life or resale value (such as noise or odor) is one you’ll no doubt regret purchasing.
Floorplan - A poor floorplan - that’s to say, one that doesn’t work given your particular needs and lifestyle - makes life at home more difficult on day to day basis. A home that’s harder to live in isn;t one where you’ll want to stay for very long. For buyers who love to entertain, for example, that too-tiny kitchen and closed-concept floorplan just won’t do.
Bone Structure - Problems with a property’s “bones” - its foundation, walls, floors, roof, plumbing system, or electrical system - are very costly to fix and have a huge impact on resale value. Being able to walk away (perhaps caused by water damage or pest infestation, for example) is why home-inspection contingencies are so important.
Health and safety - Just as home inspections can uncover structural problems, they can turn up health and safety issues too. Some, like a lack of ground fault circuit interrupters (GFCIs), are minor and easily addressed. Other issues - like black mold, which can be toxic, or faulty wiring, which can cause fires - are serious, and not something buyers should overlook.