The roof is one of the most critical parts of any home, so if it’s in rough shape, buyers and lenders pay attention. Common issues include:
- Missing or damaged shingles
- Water damage and leaks
- Signs of aging, like curling or blistering materials
Impact on Closing:
A worn or leaking roof can be a big red flag. If repairs are needed, it could lead to buyer repair requests or concessions, and some lenders may require that the roof be fixed or replaced before approving the loan. Either way, expect a conversation around the costs of repairs if this comes up in your inspection.
Foundation Cracks and Structural Problems
A solid foundation is essential for a stable home, and cracks or uneven floors can signal problems. Common issues include:
- Visible cracks in the foundation
- Sloping or uneven floors
- Sticking doors and windows
Impact on Closing:
Structural issues are often expensive to fix, and buyers may hesitate to proceed if they sense the home has serious foundation problems. Depending on the extent of the damage, these issues can lead to price renegotiations, requests for repairs, or even cause a buyer to walk away. A licensed contractor’s assessment may also be required to clarify repair costs and timelines.
Electrical Problems
Older homes or DIY wiring jobs can create hidden electrical hazards. Typical issues found include:
- Outdated wiring, like knob-and-tube
- Improperly grounded outlets
- Overloaded circuits or faulty breakers
Impact on Closing:
Electrical issues can be a safety concern and, in some cases, a deal-breaker. Buyers may ask for repairs to bring the home up to code, and lenders may not approve a loan if the electrical system is deemed unsafe. An experienced electrician can often handle minor fixes quickly, but extensive issues can lead to larger repair requests and delay closing.
Plumbing Problems
Plumbing problems may range from minor leaks to more significant issues like corroded pipes or poor water pressure. Here are some common plumbing concerns:
- Leaky faucets or pipes
- Low water pressure
- Aging or corroded pipes
Impact on Closing:
Leaks and water pressure issues are inconvenient, but when left unchecked, they can cause extensive water damage and mold growth. Buyers may request that plumbing problems be fixed before closing, especially if there’s evidence of leaks or water damage. In some cases, sellers may need to replace pipes, which can be costly and affect the sale price if not addressed.
HVAC Issues
Heating, ventilation, and air conditioning (HVAC) systems are essential for comfort, and issues with these systems can be expensive to repair. Common HVAC problems include:
- Old or poorly maintained units
- Inconsistent heating or cooling
- Unusual noises or odors
Impact on Closing:
A malfunctioning or outdated HVAC system can give buyers pause, particularly if it’s close to the end of its lifespan. Buyers may request repairs or replacement, or even ask for a concession to cover future costs. If you’re selling a home, it’s wise to have the HVAC system checked and serviced before the inspection to avoid surprises.
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