Questions to Ask When Buying a Home
So you’ve found a home you’re interested in and you’re excited to make an offer. But before you do, make sure you have the answers to these questions.
What are the property taxes?
Property taxes are assessed by the local government and are based on the value of your home. You'll need to pay these taxes every year.
What is the homeowner’s insurance premium?
Homeowners insurance protects you against financial losses if your home is damaged or destroyed by fire, theft, or other events. You'll need to pay an annual premium for this coverage.
What are the HOA fees?
If the home is part of a homeowner’s association (HOA), you'll need to pay monthly or annual fees to the association. These cover the cost of maintaining common areas and amenities.
How old is the roof?
The roof is one of the most important parts of your home, so you’ll want to know how old it is and when it might need to be replaced.
How old is the HVAC system?
The HVAC system heats and cools your home, so you’ll also want to know its age and when it might need to be replaced.
What are the sales prices in the area?
This can help you negotiate a fair price for the home.
What are the nearby schools like?
If you have or plan to have children, you may want to look in to the nearby schools and their quality of education. Plus, school zones are great for easy reselling later.
What are the crime rates like in the area?
Understand the crime rates and safety measures in the area so you can make an informed decision about your future home.
What are the transportation options like in the area?
If you don't have a car, you’ll want to know about the transportation options in the area.
By asking the right questions, you can make sure that you're getting the information you need to make a wise decision about buying a home.
