It is easy to fall in love with a few of the houses you view when shopping for a new home. You may like the house, the manicured neighborhood or the local schools.
These qualities and many others can point to a sound investment, but they are not the only things to consider before buying a home. Don’t let the aesthetics of a community or house get in the way of proper due diligence.
Hidden damage
Sometimes, you can easily spot defects and damage in a house or property. Other times, however, they are hidden so well that the sellers might not know they exist. It is wise to consider the possibility that the roof leaks or the foundation is crumbling away. A thorough home inspection can reveal hidden damage, so do not pass on having the place inspected.
Community rules
Many available homes lie in deed-restricted communities governed by homeowners’ associations. You may enjoy living in such a community if you appreciate structure and rules. Even so, it is wise to consider the full range of restrictions before agreeing to buy the home. You might lose your right to have the pet you want or throw the occasional lawn party.
Insurance costs
Most of the time, Pompano Beach weather is ideal, but the region also faces hurricanes and other storms from time to time. That means you will need homeowner’s insurance to offset the financial risks of storm-related property damage. Make sure to account for a range of possible insurance costs when budgeting for a new house.
The more you know about Florida real estate law, the better equipped you are to address any problems that may arise during your transaction. Obtaining experienced legal guidance is another way to avoid issues that might disrupt a home purchase.