6. The Home Might Have Been Environmentally Contaminated
Some homes are not healthy or environmentally safe. For example, homes built from the 1940s to the 1970s could contain harmful asbestos or lead-based paint, both of which we now know are unsafe, and even responsible for all kinds of serious health problems. According to Ericson on Realtor.com, Christopher Bourland, appraiser, says that “other environmental issues could include a faulty septic system, which can contaminate drinking water, or mold issues stemming from building materials, such as stucco or siding.” Environmentally contaminated homes will most likely be both difficult and expensive to deal with. Save your time, money, and sanity and move on from this home. It’s just not worth it. A common mistake that home buyers make is not factoring in all the costs involved with purchasing a home. Most focus on the home purchase price and the monthly mortgage costs. Of course, there is more to consider, such as closing costs, property taxes, ongoing maintenance, and homeowner’s insurance. You might assume that insurance is pretty standard, but sometimes you’ll discover along the way that the home you 7. The Home Will Cost Too Much to Insure
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