How to avoid a money pit

Unless you’re in the business of flipping houses, you don’t want to buy a money pit! In this article, we will look at some of the major issues of  a house to consider before your purchase.

How to avoid a money pit

The worst thing in the world is to buy something, only to find that it will cost you much more money than you’ve already spent. In this article we are going to look at a few of the major cost issues of a house to be aware of before your purchase.

  • Age – Was it built before JFK was president? The older the home, the more the upkeep and maintenance costs. Remember, when you’re excited about those “antique” fixtures and charm, that just means they are old! The older it is, the closer to replacement.
  • Plumbing – Be mindful of the plumbing condition. Are the drain pipes cast iron, do you see signs of leaking, how old is the water heater? Did you know the life expectancy of a solder joint in a copper water line is at least 50 years with good water condition?
  • Heating and Cooling – Replacing a furnace or A/C unit will cost thousands of dollars! If you are old enough to buy a home and they are older than you, it’s time to replace them.
  • Electrical – Electrical code has changed a lot since the 1970s! If  you notice an old breaker box, or the house is full of two prong, ungrounded outlets, an update is needed.
  • Foundational – Cracks in the foundation can lead to structural issues and even water damage. This is a major cost, and one to consider when purchasing a home.

Buying a house is a huge decision! Make sure you are armed with enough information so you don’t get caught in a money pit!

OKC Realtors

OKC Realtors Kitchen Tips

OKC Realtors Talk AboutUpgrading Your Kitchen

Upgrading your kitchen is one of the most effective ways to increase the value of your home and our OKC realtors have some tips on doing just that!

Fix Up Or Replace Your Cabinets:  The cabinets make up a huge area of your kitchen. If they look worn or scratched up, consider re-finishing or replacing them. This will add a new, fresh look to a large part of your kitchen. In addition, pick colors that contrast well with the other colors in your kitchen to make a dynamic, eye-catching kitchen.

Replace Or Remove Cabinet Doors: One of the cheapest ways to give a new, lighter look to your kitchen is to replace the doors with Glass paneled doors. Some people simply opt to remove the doors all together and go with an open shelf look.

Update Your Appliances: Updating old appliances not only lends a new look to your kitchen, but can also be a sound investment. Newer appliances are often much more efficient than their older counterparts, saving you money on energy bills. Stainless Steel Appliances offer a look that blends well with many different colors and styles as well.

Consider The Small Appliances: The little details can really help bring a room together. Getting smaller appliances, like toasters or teapots, that match the rest of the kitchen can add the little bit of cohesion that move a room from good to great!

Do Something With The Countertops: Replacing or re-working your countertops can add a lot to your kitchen. It’s not as expensive as you might think either. Now, Granite is still expensive (of course), but you can get a new laminate for a few hundred. You can even get some pretty nice looking countertops that mimic granite for a fraction of the cost.

These are just a few things you can do to make your kitchen look its best for personal use or for Open House Day. Our OKC realtors, at Metro First Realty, can answer any real estate questions you may have. Call us today at 405-242-4004!