Buying a new house can easily be equal parts exciting and frustrating. The idea of finding your dream home is exhilarating, and most people enjoy house hunting. There are, however, countless considerations for this process. You’ll likely have dozens of questions for your real estate agent, but there are a few you may not have thought to ask.
Does This Home Belong to an HOA?
Some communities fall under homeowner associations (HOAs). While these can be beneficial for some homebuyers, they entail various rules and obligations for the homeowners in the community. If you buy a home within an HOA, it’s vital to understand the obligations that come with your purchase. You’ll likely need to pay monthly or yearly fees and will have to abide by the HOA’s standards for your home’s appearance.
Who Built the House and When?
Finding out the home’s origins is important. In most cases, you can locate the original plans and paperwork for your house at the county records office. If you’re thinking about buying an older home, this information can be incredibly valuable because it may clue you into significant issues before you purchase the home.
Septic or Sewer?
Your home’s plumbing is a crucial system, and it’s important to know what you’re agreeing to when purchasing a home. If the home uses a septic tank, it’s important for you to weigh the pros and cons of this system and understand the risks and costs associated with these systems.
What Were the Most Recent Repairs?
Any information you can get about the house’s recent work is valuable. Ask your real estate agent what the most recent repairs were, and if he or she doesn’t know, you may be able to ask the seller about any recent renovations or repairs. In most cases, a listing agent will be forthcoming about the newest additions and updates to a home, so be sure to ask for a thorough rundown of the work done to the house within the last few years.
The home buying experience can be both fun and stressful, but you can significantly cut down on the stressful end of things by asking the right questions while on your house hunt. Let us know how we can help!