Bought a home without basement and wondering if it is good?

[Sriram Kumar Bikkina]

Hi All,

I won an offer to a home without basement and am wondering if I missed anything here. This is in Kingston and my realtor is very good and trustable and he did not warn me anything about homes that don't have a basement.

The semi I bought was under market and has no basement but is less than 20 years old.

Is this fine or do I need to look at anything that is concerning in these type of homes? I am not concerned about resale value as I bought this for rental potential and if that is the only concern I am okay with it.

Thanks,

Ram

[Russell Brazil]

My house doesn't have a basement either.