When the light is holy, the ceilings are high and the crown molding is original, it can be hard to separate your fantasy home from the pricey repairs lurking just out of eyesight. But knowing which questions to ask can you save you thousands of hard-earned Benjamins.
One person who knows a thing or two about buying houses with, erm, issues? The king of fixer uppers himself: Chip Gaines. We recently connected with the KILZ spokesman to see which hidden issues you should always investigate thoroughly.
1. The roof
Ask about the age and condition of the roof. If 20-plus years old, it likely needs repairs and/or replacing—that could means a painful $10K hit to your budget.
2. The plumbing
Another major money suck? Shoddy pipes and sewers. Ask about the age of your water heater (they need to be replaced every ten years), and inquire as to the type, age and material of your piping. Also, bringing in a plumber to perform a camera inspection of the main sewer could save you big bucks in the long run.