If you’re buying a new home, you probably have enough questions you’re asking. But never leave anything unanswered when it comes to buying a home, or you could end up paying for it later. Here are a few questions you should be asking when looking for your next real estate investment.
What is the market value? – How much is the house going to cost? Since technically, a realtor isn’t allowed to tell you how much you should offer, it pays to know the basic details about the value of the home. Is the value of the new home going to be going down? Make sure you look in the area for foreclosed homes, since these will tend to cost less than the other options.
Is there anything wrong with this house? – Have you ever wondered if your house was on a flood plain? Questions like this can save you serious strife later. Ask about the foundation, the insurance coverage, previous tenants’ complaints, etc. Realtors will have to be honest about the issues you bring up if you ask about specific issues.
How is the neighborhood? – Getting an idea of what the neighborhood is like can open you up to find out about what it’ll be like to live in your new home. Is the area quiet at night? Or can you expect a lot of house parties and commotion? How about local garbage services? Landscaping companies? There is a ton of info you can learn from your neighbors that you may not be able to get right away from your realtor.
Buying a new home should be the start of a new chapter for you. So don’t let any forgotten questions get in the way of your fresh start. Cover all the bases, and make sure that your new home is the best choice possible for you.