Ask questions when buying a home – seems pretty straight forward, but in a buyer-beware real estate world, vendor disclosure may not be automatic. Of course, asking the right questions in the first place is key. You certainly don’t want to upset the vendors with needless questions either.
If you’re buying a resale home, ask as many questions as you can about it to learn about things like the neighbourhood, history, its condition, past repairs & known concerns. The more information you can obtain, preferably in writing, the better. Find out what the current utility costs are for the home by requesting invoices for your review. Keep in mind that these costs will fluctuate based on personal preferences & your usage as well. Talk with rural neighbours about well water as to flow / recovery rates, quantity & water quality. After all, you making likely the single biggest investment of your life!
Here are just some of the topics from 7 Things To Ask Before Buying A Home you might want to consider asking about:
- Seller Property Information Sheet
- Owner’s Manuals, Material / Installation Specifications
- Homeowner’s Insurance Coverage
- Warranties & Guarantees
Like any investment, your due diligence is key to buying your dream home.