When assessing a home for potential purchase, there are important items to look for—the primary one being the condition of the property. Is the home structurally sound? You can walk around the house's interior, checking the walls and ceilings for cracks. Hairline cracks are to be expected in some places. Could you check the exterior for cracks? Cracks could be a sign that the property isn’t structurally sound. Points at which extensions join are places to look, as cracks often occur there. Also, look for loose or broken tiles on the roof or broken guttering, evidence of damage to the drywall, and weaknesses on the floors. It’s acceptable to ask how long it’s been like that and whether it will be fixed. Have a structural engineer assess the situation if you see significant cracks or bowing walls. Look (and smell) closely for evidence of mold. Mold and mold damage are significant problems that will cost a lot to clean and repair. Don’t just look for it — use your nose as well. Mold frequently gives off a musty smell, even with no visible signs. Inspect all crawl spaces, basement areas, and walls. Plaster flaking, watermarks on walls or ceilings, or even a fresh coat of paint in part of a room could indicate mold. Don’t overlook the ceiling and around the skirting boards appropriately for evidence of leaks or water damage. Could you ensure heating, air-conditioning, and electricity are in good working order? Other aspects to consider when looking at the property's general condition are the heating and air conditioning systems. Have an expert assess that they’re the appropriate models and capacity and working correctly. Check the electrical panel. It shouldn’t be old or outdated, easily accessible, and in good working condition. Ensure wiring was done correctly. You don’t want to spend a fortune rewiring the home to bring it up to standard. Consider if there are enough power outlets and if they are in good condition.
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