Buying a bungalow or an old villa is a dream come true for most homeowners. Who does not want to make the spacious living space their own. Old residential properties have a unique charm which can be difficult to resist. They have a sense of character and history that draws us towards them.
You may have seen a character villa, you probably have the money lined as well, but before signing the dotted line, take a breather and take a good look at the property you are investing in. The pretty villa could very well become a dark hole that swallows your investment.
Before homeowners indulge their temptation, there are certain issues to watch for. With age, any physical property develops wear, tear, and damage. The wear and tear may not show on the outside, however, that may very well exist in parts of the house that are hidden from view. Consider these three things before you an old property: