Purchasing a new home can be a very exciting time. You may have spent months looking for that ideal spot and finally found it.
Unfortunately, even when exercising due diligence, flaws with the property can become apparent after purchase. What are some of the more common property defects you need to look out for? And if you discover them, what can you do about it?
Faulty gutter systems
You may have purchased your new place during the height of summer when rainfall is at its lowest. Upon moving in, a rainstorm hits, and you notice the gutters overflowing and water running down the side of the house. This reveals damp spots inside that appear to have been painted over recently before you acquired the property.
Upon further inspection, you discover that the property has structural issues that were not disclosed before you finalized the deal. For property acquisitions to be lawful, it is vital that purchasers are not defrauded in any way, and if something like this has happened to you, you may have cause for a legal claim.
The discovery of harmful substances
As you carry out maintenance or move forward with updating your home, you may notice the presence of asbestos in the walls, floor tiles or roof area. This would be more likely if your home is over 30 years old. While it is not unlawful to sell a home with asbestos, it may be if the seller hid information from you. Sellers have a duty to inform purchasers if they have prior knowledge that the house contains harmful substances such as asbestos.
As the purchaser of real estate, you are entitled to be made aware of known defects with the property. If the information has been deliberately hidden from you, it is in your best interests to explore your legal options.
