Six Problem Areas to Watch When Buying a Home

06/27/08 - 10:36 AM EDT

John Morell

On the Floor

If the home is built on a cement slab foundation, you're unlikely to hear any creaking on the ground floor.

BankingMyWay

If there is it may be cause for alarm. If there's a wood subfloor, walk carefully around, especially in bathrooms and kitchens, feeling for areas where the floor might seem to "sink" in more than the other areas. This could be water damage, and another area that needs closer inspection. If it's in a bathroom near the shower, the shower pan could be leaking which is an expensive project.

Pool Patrol

If there's a pool or spa and the home has been vacant for a while, there's a good chance the bank has drained it for safety. If it's a plaster pool, the sun could cause the plaster to dry and crack, which means a new plastering job.

Add another note to your inspector.

1 2 3
Next Page »
Your Recent Quotes: Quote Up0 | Quote Down0
Dow S&P 500 NASDAQ
Oil*
Gold
10 Yr
0.00%
%
%
%
Data delayed 20 min
Free Newsletters from TheStreet

Cramer's Daily Booyah!
Highlights of Jim Cramer's videos
on TheStreet.com TV & his
"Mad Money" TV show.
Before the Bell
All the information you
need to position yourself
for the day ahead.
Submit
We respect your privacy.

Premium Stock Ideas
Access Action Alerts Plus to find out Cramer’s latest picks now!