Purchasing a home is a big deal. No getting around that. When you purchase a home, you are investing in a future.
While we can’t predict the future, we can do everything in our power to ensure we are making a smart decision.
I’ve got a few questions you should learn the answers to before purchasing a home that could seriously affect the integrity and longevity of a house:
- How old are the appliances and is there documentation or warranties?
If the previous owners were smart enough to hold onto appliance manuals and warranties, make sure to request them. Having the paperwork for major appliances, and stuff like garage door openers, can be extremely useful in order to guesstimate how soon you’ll need to be updating.
TIP: As a seller it’s a good idea to keep manuals and warranties so that you can use these records as an incentive to potential buyers looking to purchase your home.
- How much are Monthly Utility Costs?
Utilities will always be a thing. So while you’re deciding if this is the home for you, with its cost, location, etc., ask yourself if the extra monthly fees are also within your budget.
Also make sure that you ask for the average cost, as well as the months where the utility cost grows (such as winter months).
Since you’re on the subject of utilities already, consider also appliances that use up energy.
Tip: As a seller, consider making your home more efficient by sealing air leaks, or updating old appliances to new more energy efficient appliances as a buying incentive.
- Have there been pest infestations?
While the answer to this question should be disclosed by the previous owner in any case, it is important that you know what was previously an issue – even if it has already been dealt with.
Issues like water leaks, or rotting wood – while treated – may not be completely eliminated. Repairs can be costly in the event that pest issues resurface.
Tip: As a seller, be proactive. Keep gutters and down spurts in good condition, and repair and replace any rotting wood. Also keep basements, crawl spaces, and attics well ventilated.
For other questions you should be asking current home owners, give me a call at 604-218-9000 for more info and a Complimentary Home Evaluation!