Did you watch “The Money Pit” in the 80’s? This movie came out in 1986, and it might be a great option for a family movie night if you are looking for a good throwback feature film. Grab a bowl of popcorn and a few cold drinks to have a great laugh and build memories with your kids!

What is the Money Pit?

While this movie offers many funny moments to keep your family laughing, there are some good lessons that we can learn from the plot. In the movie, a couple is looking for a new house, but they have a hard time finding a property within their price range. Finally, they meet a con artist who sells them a gorgeous mansion at a shockingly low price. They quickly learn that it was too good to be true, finding out that everything is falling apart in the house.

In the movie, the couple moves from one problem to the next, finding issues with everything that you can imagine. As each problem is discovered, they realize that it will be necessary to invest even more money into the home to repair the problems.

Protect Your Family from Buying a Money Pit!

Every homeowner can watch this movie and relate to some of the issues that are encountered. Hopefully, you haven’t found yourself in the situation where you move into a new home and have to invest in multiple unforeseen repairs.

Fortunately, there are a few things that you can do to keep your family protected from having this kind of experience. Instead of inadvertently buying a money pit of your own, you can proactively check every property you are considering to purchase to avoid the issues that were encountered in the movie.

There are two essential steps so that you don’t run into these same problems. First, make sure that you are working with a trusted real estate agent. By having a good agent by your side, they will offer suggestions and advice to help you evaluate the value of a property and how much money will be needed to make various renovations.

The second step is to ensure that you have each home thoroughly inspected before closing on the property. When a property goes under contract, you have a certain period when you can bring in an inspector to look at the property. Find an inspector that will offer a thorough report, detailing everything such as the electrical, plumbing, structural components, and more.

Here at DUFFY Realty, our goal is to help you protect your family. By choosing the right home, you can invest in a property that will require minimal repairs so that you can spend more time with your family enjoying your new home, instead of worrying about fixing problems around the house. For more information about investing in a high-quality home, we invite you to contact our team right away: (678) 318-1700