A survey of 1900 new homeowners found that 85% of them found unexpected problems with the house. The most common place those problems cropped up was in the bathroom, and the most common type of repair needed was electrical.
New homeowners spent an average $7,080 to fix the previous owners’ mistakes, and 1 in 3 said the issue was so bad, they wouldn’t have bought the home if they had known about it beforehand.
This is why it is so important to get an inspection done before closing. However, there are some problems that don't become apparent right away. An inspector might not be able to identify a leaky roof when it's not raining, or a drainage problem in the basement. Read about the most common problems facing new homeowners at Grow.
Frankly, I was surprised that the percentage was that low. But I bought a house that was over 100 years old for what was considered a bargain at the time. There were problems with every room and every system, most of them things I didn't know about until after the sale, but you have to expect that when you buy a really old house. -via Digg
(Image credit: A McCarron)
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