Watch for Problems and Costs Associated with the Repair of
-by Don Berthiaume
When buying a home, it’s important to keep in mind that
unless you’re buying a home that has new appliances and
mechanical systems, you can expect them to eventually wear
out, break down or need to be replaced.
Too often, home buyers don’t take into consideration the
actual cost of these repairs or replacements when looking at
a property. It’s just one of those things that is taken for
granted - not that they are there but that they are working
and will continue to work.
Perhaps keeping these things in mind when doing your one of
many visits to the home you’re interested in buying will
avoid any surprises and unexpected expenses after the sale,
when you may not have the cash reserves built up to pay for
them.
Be sure to ask the age of the appliances that may be
“included” with the home. How old is the water heater,
furnace or air-conditioner? If they are older, why not
negotiate into your offer, the fact that the equipment or
appliance may have to be replaced within the next 12 months?
What’s stopping you from asking for the seller to replace
the old stove with a new one if you offer full price for the
home?
There are many creative ways to get around having to foot
the bill yourself for the repair or replacement of these
appliances and equipment.
Here’s a link I found that shows you many of the problems
you could encounter with the most common appliances in a
home. While the article and web site itself speaks to the
importance of a Home Warranty, the reason for offering this
link isn’t to promote or pan the Home Warranty, rather it is
provided for the problem and cost information that is also
provided.
http://www.homebuyerdefenseguide.com/servicemaster.html
ABOUT THE AUTHOR
Don Berthiaume outlines the questions you need to ask in a
brand new home buying guide. For more details, and for a
free 5-part mini-course in home buying, visit this site now:
Home Buying Guide at www.homebuyerdefenseguide.com
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