Buying a house: how not to lose money

Buying a house: how not to lose money

Purchasing a house or apartment is one of the biggest investments in life. Unfortunately, many new homeowners often face problems they never anticipated. What seems like the perfect property at first glance may conceal hidden defects, some of which can be extremely costly to repair or even impossible to fix. This is why inspecting a property before buying is critically important.

What problems might you encounter?Mold and dampness are among the most common yet invisible issues. Homes prepared for sale often have mold temporarily hidden or painted over. While unoccupied, mold may not be evident, as there are no occupants drying clothes, producing carbon dioxide, or adding moisture to the air. However, once the home is lived in, these issues often appear immediately. Mold isn't just an aesthetic problem; it poses serious health risks.

Leaks and roof conditions are another major concern. A leaking roof or poorly insulated walls can cause ongoing issues. Leaks often remain undetected until heavy rains or over time, appearing as peeling plaster. Given that homes are typically staged for sale, such damage is often concealed.Basement humidity is also a frequent issue. High moisture levels in basements can seep into walls and floors, spreading dampness and mold into living areas.Hidden defects in utilities, such as heating systems, plumbing, and electrical wiring, can also be significant problems. These are hard to assess without professional help but can lead to major expenses if faulty.

Why is property inspection essential before buying?Some buyers avoid inspections, fearing they might discover issues that could derail the purchase. They may become emotionally attached to a home and reluctant to hear about its flaws. However, under Portuguese law, sellers are required to address major defects if they are discovered before the transaction is finalized. This means understanding the property's condition can save you significant money and stress.How can an inspection benefit buyers?

An inspection provides a clear understanding of the home's actual condition, identifying weaknesses and giving you a comprehensive picture of the property. It also offers leverage in negotiations, allowing you to request repairs or negotiate a lower price if significant work is needed. Additionally, inspections help estimate future expenses, so you're not caught off guard by unexpected costs. Knowing all this enables you to make an informed decision and, if necessary, walk away from a problematic property.

Living in a house with unresolved issues is risky, particularly if you have young children. Problems like mold, leaks, or structural defects can render a home uninhabitable and pose serious health and safety risks.

Real estate can feel like a gamble if you skip a thorough inspection. While a home might look perfect on the surface, hidden flaws can lead to significant challenges later. My inspections cover 250 parameters, offering you an investment in peace of mind, protecting you from unnecessary costs and preserving your comfort.