According to Statista, a record-high number of single-family homes were sold in Florida in 2021. 350,500, to be exact. This selling boom may make you want to buy up plenty of vacant houses for investment purposes, but not so fast. Make the wrong purchase, and you could lose money.

10 Red Flags to Look for When House Hunting in Florida

When looking for a new home, always use a realtor like SquareFoot Homes, which is known for representing home buyers and sellers in the Florida area. They’ll help you avoid these red flags.

1. Look for Signs of Water Damage

When house hunting, be sure to keep an eye out for any signs of water damage. This includes things like water stains on the walls or ceilings, mold, or any musty odors. These are indicators of a leaky roof, a faulty plumbing system, or poor drainage, and they’re very costly to repair.

2. Check the Condition of the Roof

The roof is an essential part of the house, and you’ll want to keep it in good condition. Look for things like missing shingles, cracked tiles, or any other signs of wear and tear. If the roof is in poor condition, it will likely need to be repaired or replaced, which requires roofing professionals.

3. Look For Signs of Bugs or Rodents

Pests like termites or rodents can cause significant damage to a house, and they can be difficult to get rid of. When house hunting in Florida, be on the lookout for holes in the walls, droppings, or any other signs of an infestation. If you have bugs or rodents, you’ll need to remove them.

4. Be Suspicious of Long-Time Vacancies

Houses that have been vacant for a long time can be a red flag. If they’ve been on the market for a while, there may be a good reason for it. For example, the house may require expensive repairs. Make sure to inspect the house thoroughly and be aware of any potential issues.

5. Check for Leaks or Drafts

Leaky windows or doors can lead to high energy bills, and drafts can make the house too cold to live in. Be on the lookout for gaps around the windows or doors or any other signs of leaks or drafts. If the house has these issues, they will likely need to be addressed before you move in.

6. Look for Any Warning Signs of Structural Issues

Structural issues like foundation cracks or sagging floors make a home unsafe to live in. During your house hunt, check for uneven floors, cracks in the walls, or bowing tresses. A structural engineer will have to examine these problems to determine if the house is livable or not.

7. Check the Condition of the Appliances

Appliances often come with the home. If your Florida home has them, check the condition of each appliance to ensure they’re in working order. Consider replacing them with energy-saving alternatives, even if you’re renting. Energy-efficient appliances will save your tenants money.

8. Be Aware of the Neighborhood

The wrong neighborhood can affect your profits, so make sure the home is located somewhere safe and desirable. Research the neighborhood before you make an offer, and be aware of any potential issues like crime, noise, or zoning changes. Look for nearby schools and amenities.

9. Check the Condition of the Plumbing and Electrical Systems

The plumbing and electrical systems are among the most expensive home repairs. Always check the condition of these systems and make sure they are in good working order. If the systems are old or in poor condition, you’ll need to remove and replace them right away.

10. Don't be Afraid to Walk Away

If you come across a house that has several red flags, don't be afraid to walk away. There are plenty of houses out there, and you should try to find one that meets your needs and is in good condition. You’ll always want to buy a house with fewer known issues, so you can flip it faster.