Follow Us:
 
Bankrate.com
Bankrate Mobile Site

real estate

How to avoid buying a money pit

How to avoid buying a money pit
Next
1 of 7
How to avoid buying a money pit

The house you want to buy looks great. You could afford the mortgage, the neighborhood is amazing and your agent thinks it's a steal. But could the house be a money pit?

According to Brian Kearney, a Boston-area contractor and owner of Neponset Valley Construction, homebuyers who focus on superficial design features often miss critical warning signs that a house may be a money pit.

Instead, "you want to make sure that the house you find is structurally stable," Kearney says.

But how do you do that? We asked contractors throughout the U.S. to put themselves in the buyer's shoes.


 

 

advertisement

Compare Mortgage Rates
Zip code:
Product:



advertisement
 

Feeling lost in the mortgage wilderness?

Let Bankrate's Mortgage Analysis be your GPS. This newsletter tracks our exclusive mortgage features, rates and tools. Delivered Thursdays.
 
advertisement
Bankrate on Facebook
They're young, rich and not afraid to spend hundreds of millions for the right mansion.
Partner Center
advertisement

Mortgage rates giving you motion sickness?

Let us watch for you. We'll tell you when they hit your target.

RSS icon
Subscribe:RSS Feeds