The Infatuation Trap. Do you have doubts about the house? Don't try
to rationalize them out of your mind because the home is so
charming you cannot resist it.
The $5,000 Roof Trap. Some people do not mind leaks or sparks
coming out of the wall. If you are one who does, you must factor
in the cost of these repairs. Perhaps you need to negotiate a lower
purchase price.
The Mansion-in-a-Slum Trap. Let me state my warning on costs once
again. Will the fixing-up be done by someone else? Prepare yourself
with at least three estimates on each job that is going to be done. Add
up the cost. Does your total investment after renovation equal more
than the market value of similar San Diego, CA homes in the area? If so,
you are overbuilding. This is not a good economic decision.
The Step-into-My-Bedroom Trap. One thing people fail to check when
they purchase a home with rooms that have been added is the floor plan.
When you come into the front door, what is the first thing you see? If
you walk straight into your living room, with no hallway or foyer, you
may want to consider another house.
Some older San Diego, CA homes with rooms added on after the initial construction
have poor traffic patterns. Imagine you have a guest arriving at your
new abode. The front room is a sleeping porch. Is this what you want
your guest to see? How are the bedrooms laid out? Are the children's bedrooms right
next to yours? Do you like this idea? Walk through the house as if it
were a typical day. You are cooking dinner, your spouse is coming
home, your children are bouncing in from school. Guests are coming.
How does the traffic flow work? Will you have to add additional walls
inside to change the flow? What will the walls cost?
The Beautiful-Fireplace Trap. Do not be dazzled by gimmicks. Are you
buying a house because it has a gorgeous old fireplace and mantel? That
is fine, as long as inspectors tell you the major elements-plumbing,
heating, wiring, roof, and so on-are sound.
But if the charming old wreck's wiring has been jury-rigged, smoke
could be coming out of the wires three months later. At that moment,
the fireplace will be of small comfort.