Lake Property Hidden Home Defects to Watch Out when Buying

No home is flawless, but certain physical problems can be expensive. Watch for for the following when looking to purchase a lake home.

1. Water leaks. Look for stains on ceilings and near the baseboards, especially in basements or attics.
2. Shifting foundations. Look for large cracks along the home’s foundation.
3. Drainage. Look for standing water, either around the foundation of the home of in the yard.
4. Termites. Look for weakened or grooved wood, especially near ground level.
5. Worn roofs. Look for broken or missing copings and buckled shingles as well as water spots on ceilings.
6. Inadequate wiring. Look for antiquated fuse boxes, extension cords (indicating insufficient outlets), and outlets without a place to plug in the grounding prong.
7. Plumbing problems. Very low water pressure, banging in pipes.

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Reprinted from REALTORŪ Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORSŪ
Copyright 2005. All rights reserved.