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- Buying a home can be a great investment, but buyers must choose wisely.
- Properties in need of substantial repairs or renovations can drain a buyer's bank account.
- Two experts provided five red flags that may indicate a home isn't worth your money.
A home can be a lucrative, life-changing investment ... but it can also be a complete money suck. Before taking the leap to purchase a property, prospective buyers should carefully consider whether a home exhibits any red flags.
Of course, many homebuyers are willing to make updates and renovations. Oftentimes, however, the cost of correcting a home's flaws can outweigh the value of the investment. Even worse, a property's issues can be beyond repair.