5 things to look out for when buying a new home

MSIG 5 things to look out for Home Insurance

From location, to layout, to the condition of the unit, there are many factors to consider when buying a new home. You do not want to be hasty in your decision-making. Here are a few things to take note of when exploring real estate options that could save you money in the future and assure the safety of your home.

1. Mould and water damage

When a surface with water damage is painted over, moisture is trapped within the area, causing black mould to form. Long-term exposure to black mould can result in allergic reactions, headaches and chest colds. When viewing a house, closely examine cabinets, the underside of drawers, bathtubs, sinks and the walls around windowsills as these are common areas where black mould is found.

2. Uneven floors

Repairing the floors of a house can be extremely costly as it involves removing the existing flooring, correcting the support columns and, at times, even repairing the foundation of the home. To check for uneven surfaces in your next home viewing, use a spirit level or simply place a marble on the surface and see if it rolls away.

3. Condition of the roof

When you step into a home, check if the roof looks aged or if it is caving in. Repairing or replacing a roof costs a hefty amount and this is not an additional expense you want to be stuck with after purchasing your home. A roof that is new or made with sturdy material is less likely to be damaged by severe weather such as strong winds and hail.

4. Damage to furniture and electrical fittings

It pays to be meticulous when viewing a home. Be sure to test out stoves, faucets and light switches, open and close doors and windows, and inspect other home fittings for damage.

5. Purchasing a home insurance plan specific to your needs

Making a decision to buy a new home, it is important to obtain a home insurance plan suited to your specific requirements to prevent unnecessary costs in the future.

Find out more about the home insurance plans we offer here.