What Dangers to Consider When Buying A Home
It is easy to focus on the major wish-list items when buying a home such as number of bedrooms, bathrooms and location. The harder things to look for are the potential dangers a home may present and how that will effect insurance costs or damage to you or the home.
What to consider for Home Insurance Risks: The rate and even acceptance of your homeowner’s policy will be based on the potential risks the home presents. Some of these risk factors include but are not limited to swimming pools, trampolines, woodstoves, and age of the plumbing and electrical. These things carry a higher liability and therefore may cost you a higher premium.
What to consider for Future Damage: Check to make sure that the home you want is not located in an area that is in a flood plain, on a hillside at risk for landslides, or on a fault line for earthquakes. These things put a home into a higher risk for future structural damage than normal. Also, make sure that the home is structurally sound and that a licensed home inspector looks at the foundation and other structures to see if they are up to code and not showing signs of damage. Talk to the inspector and your State Wide Realty Co Realtor about what was found during the inspection to ensure you are making a good purchase.
State Wide Realty Co. agents have a combined 400+ years of experience selling real estate in South Central VA and will guide YOU through the WHOLE Purchase. We have been #1 in sales in this area for over two decades and counting! Call State Wide Realty Co. today at 434-392-6163 or visit our website at www.VaStateWideRealty.com for more information.
311 East Third St
Farmville, VA 23901
434-392-6163
www.VaStateWideRealty.com
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