What Questions Should You Ask Before Buying a Home?

Purchasing a home is a significant investment. You must get as much information as possible before making a life-altering decision. Your realtor is an excellent resource during this process and should help guide you through its complexities while ensuring you remain well-informed about the property being considered. Our moving company — National Movers, has compiled this list of 20 questions you should ask your realtor when buying a home.

What is the condition of the home's foundation, roof, and major systems, such as heating and cooling?

Understanding their integrity will provide an accurate view of their present status and any anticipated maintenance expenses in the future.

Have any major repairs or renovations been done on the property?

Will the home need any repairs soon? What about ten years down the road? Do the homeowners have a list of contractors for major systems? These are all critical questions that need answers.

Does the plumbing or electrical systems show problems?

Knowing the condition of the plumbing and electrical systems can help protect against surprises or costly repairs in the future.

Are there any potential environmental hazards on the property, such as asbestos or lead paint, that could threaten my family's health and well-being?

Ensuring your home is free from environmental threats is critical to safeguard your and your loved ones' safety.

Are there easements or encroachments on the property?

Acknowledging any legal restrictions placed upon the property will help you assess if it meets your needs and expectations.  If you don’t know these beforehand, it could lead to disputes and frustration after your purchase.

Are there any zoning restrictions or building codes that may affect my renovations or additions?

Being informed of any zoning regulations or building codes that could limit future renovations or additions is critical in ensuring any desired modifications to your property can occur without legal obstacles being placed in the way.

What kind of neighborhood amenities exist nearby?

Understanding your surroundings and proximity to essential amenities are crucial to living an enjoyable life.

Are there any liens or legal issues attached to the property?

Verifying that it is free from financial or legal liabilities could help shield against potential legal issues in the future.

Are you living in a flood zone or other high-risk area?

Understanding potential flood risks will enable you to accurately evaluate your property's vulnerability and select suitable insurance coverage.

What is my home's energy efficiency, and have any upgrades been completed to increase it?

Knowing if energy efficiency upgrades are in place is crucial for you to understand what systems to consider upgrading to create or improve your eco-friendly home.

Are there any homeowner association fees or ongoing expenses associated with the property?

Knowing additional costs like homeowner association dues will help you more accurately plan your budget.

Is there information about the school district's quality or local school ratings?

All too often, parents move into a school district that leaves them dissatisfied. Asking these questions is the first step in researching whether or not you’d like your children in this school district. Even if you don’t have children, this is the first step in ensuring academic success.

What is the home's resale value, and how does it compare with similar properties in its area?

Understanding its potential for appreciation can be essential if you intend to sell soon.

Are there any restrictions or regulations regarding renting out the property on Airbnb or similar platforms for short-term rentals?

You must understand if any regulations exist that might impose limits or restrictions. For example, you may live in a city borough with unique charter restrictions for short-term rentals that may not exist city-wide.

What are the motivations behind selling, and are there competing offers on this property?

Understanding these factors will give you an edge during negotiations; knowing about competing offers also provides useful strategy tips.

What is the current property tax rate for the home and surrounding area?

Knowledge of your property tax rate will enable you to plan ahead for all homeownership expenses. Additionally, research what is included in your tax rate - does it include waste management (trash pickup), annual curbside pickup of furniture and large items, or a special borough tax, sewer tax, water tax, and more?

What are the home's annual maintenance, utility, and insurance expenses?

Understanding all expenses associated with owning property allows you to budget accordingly and avoid unwelcome financial surprises. Do they have solar panels or other environmentally friendly features to reduce these costs?

What financing options are available to me when buying a home?

Understanding your financing options will enable you to select an appropriate and affordable mortgage plan.

What are the closing costs associated with home purchases?

Understanding these closing costs will allow for smooth budget management when buying your new home.

What is the timeline for closing and moving into my home?

Understanding this timeline will allow you to properly plan your move and coordinate with local movers or a professional moving company.

National Movers

At National Movers, we understand that moving can be intimidating and overwhelming. That's why our professional team is here to make your big move hassle-free and stress-free - whether local or long-distance relocation. From packing your items safely into their transportation container to transporting them securely to their new destination - National Movers takes care of every detail so that you can focus on starting a new chapter of life confidently.