Chapter 5

QUESTIONS TO ASK
ABOUT THE PROPERTY!

When you find a home you really like, there are some more probing questions you might want to ask.

Remember, a professional home inspection will be necessary to completely answer most of these questions.

 

General

 

  1. When was the home built?

  2. How many owners has it had?

  3. How does the asking price compare to other houses in the neighborhood?

  4. What did the property sell for when the current owner purchased it?

  5. What year was it purchased in?

  6. What are the annual property taxes? Will the taxes increase with the transfer of deed?

  7. Is there a builder's warranty on the property? What are the details of that warranty?

  8. Will there be additional structures built around the property that could distort the view?

 

Outside

 

  1. What is the level of ground maintenance that will be required?

  2. Are there any structural anomalies or problems with the outside area of the property?

 

Inside

 

  1. Are the appliances built in?

  2. Is there adequate insulation?

  3. What improvements / additions has the homeowner made to the property since purchase?

  4. What appliances is the seller offering in the sale?

 

Major Systems

 

  1. What is the age and condition of each major system in the home (plumbing, electrical, heating & cooling)?

  2. What type of fuel is the home heated with?

  3. What is the average monthly utility costs? What are the winter and summer highs and lows?

Chapter 5 Page 11

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