Homeowners who built during the housing boom are finding their homes are filled with problems.
"We recently polled Angie's List members that live in houses that were built during the housing boom and over half of them reported problems with the common ones being problems with drywall, carpentry work, and plumbing," says Angie Hicks of Angie's List .
So many homes were built so quickly that housing inspectors had a hard time keeping up and enforcing proper building methods.
According to a nationwide Angie's List survey of home inspectors , many of those homes built from 1997 - 2007 have problems related to hasty construction, poor quality of materials and being built to minimum code standards.
"Most good builders will tell you just meeting the minimum code requirements isn't going to be good enough," says Hicks.
If you own a home or are looking to buy a home built during the housing boom hire a reputable home inspector. They should be independent of a real estate agent or builder and will help find any problems related to the construction. They'll also be able to offer advice on the best way to fix any issues.
Make sure you do your home work before hiring one.
"Some states require home inspectors to be licensed, but you should check. But many states don't, so if you're in a state that doesn't require licensing be sure that they are properly insured and have proper certification as well," says Hicks
And if you're looking to build your dream home, do some research before signing a contract with a home builder . Take a look at projects your builder has in the works. If progress is slow or delayed, it could be a sign of trouble.
You can also ask for the names of the company's most recent buyers. Ask them about their experience. They might even let you come over and tour their home.
And check with local courts for liens against the builder from subcontractors who haven't been paid. That's a warning of financial instability.