When buying a new home, it is crucial to do the necessary checks to ensure your purchase is wise. If you fail to uncover issues before you sign the deal, you could be stuck with a property that you cannot sell.
Legal issues are one area you will need help to check. For instance, you need to ensure the property has a clean title and that the boundaries are clearly defined. Yet other problems could result from more natural causes.
Look to the future when considering how environmental factors affect a property
The climate is changing. Multi-million dollar properties are being rendered worthless with increasing frequency due to natural disasters. To ensure your purchase is an investment, not a waste of money, you need to think ahead. Here are some things to consider:
- Earth: The roots of some species can travel a long way and cause a lot of damage to structures. A tree may seem small now, but it will grow, and so will its roots. Other sub-surface dangers can be unstable ground, old mine shafts or buried toxic waste.
- Air: Mature trees are beneficial, yet you need to ensure they are healthy. Having a heavy branch fall through your roof will require considerable repairs and could endanger life.
- Fire: Forest fires are likely to become more frequent in the future. Even if you feel a property is in a safe zone now, it may not always be.
- Water: With some areas of Hartford built on a flood plain, experts suggest the risk of flooding will increase in the future.
Having the correct legal help is essential during the real estate closing process. You need to ensure that you include the necessary contingency clauses and carry out all relevant checks. Otherwise, you could find yourself with a property you cannot sell nor live in in the future.