Q: Buying a house worries me. I don’t know what I should be looking out for! I know that the older the house, the more likely it is that the wiring, plumbing and roof might be out of date, and the paint could even have lead in it if it’s old enough. I have been looking at houses and like a handful of them, but obviously don’t want to pay for an inspector for all of them. Help!
A: The fact is, you’re simply not going to be able to rule a home all the way in — or out — without paying for an inspection. Your best bet is to generally select the home on which you want to place an offer based on its location, basic specifications and how well they fit with your wants and needs, and the price you are able to negotiate for it. Read More.
In this economy, you may be tempted to delay or even skip minor home maintenance repairs, cleaning jobs and inspections in your home. But don’t be penny-wise and dollar-foolish. That $200 or $300 you save today could result in expenditures of $3,000 or even tens of thousands next month or next year if hidden problems in your home go unnoticed and become worse.
Consider coughing up a little dough to take care of these small jobs before they morph into gigantic, expensive jobs later. Read More.