10 questions you need to ask when touring a home
Post on 15-Aug-2015
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10 Questions You Need To Ask When Touring a Home
Presentation prepared by Olde Town Brokers
Viewings are an important opportunity to find out as much information as possible about
your potential investment.
In order to make the most out of your
viewing, here are 10 questions you should
be asking your Realtor .
When was the home built?
Older homes can offer their fair share of issues. From wiring to garage sizes to insulation, it’s important to know what
you’re getting into before signing on the dotted line.
How old is the roof?
A roof’s age can determine a lot about a
house. It tells you what kind of weather
it’s been through and survived. But more
importantly, you need to know if it’ll need
replacing in the near future.
What is the insulation/ window situation?
Good insulation keeps your home the
temperature you like all while saving you
money on heating and cooling costs. Ask
about the type of insulation and don’t forget
to check out attic space. An insulated attic
can save you a lot of money particularly in
the summer time!
What is the neighborhood like?
You might also want to consider the
home’s location in proximity to main roads
or shopping plazas. If you’re looking to
maintain an active lifestyle check for
sidewalks, parks, and other recreation
spots.
What are the neighbors like?
This one might be tricky. Look around for
flyers or head to a coffee shop for bulletin
boards. Is anyone planning a neighborhood
barbeque? What about a garage sale? If
there is a park nearby, ask around and see
what locals have to say about the area and
their neighbors.
What is included in the price?
It is important to clarify what the price of
the home actually covers. It is also
beneficial to find out what additional fees
you will incur (closing costs, down
payment, taxes, etc). You don’t be
surprised on closing day.
What are the utility costs?
Many things can determine how much
money you’ll be paying a month for your
utilities. Be sure to ask about the age of the
AC unit, in-city or out-of-city water fees, and
lawn care costs. The seller should have a
good estimate on what a typical monthly bill
will look like for the house.
How long has the house been on the market?
Finding out how long the property has
been listed can actually open up a new set
of questions. It may be nothing. But it may
be something.
Has there been any work done on the house?
Prior remodeling can also set a precedent
for future project approval. You will also
want to ensure that any and all previous
work done on the home was completed to
housing standards and codes.
Are there any problems I should know about?
Of course, a general question regarding
any issues is crucial. It serves as a catch
all and provides an opportunity to discuss
negotiation.
After you walked around the property
(both with your Realtor and on your own)
there’s one final question you should ask
yourself:
Can you picture yourself living there?
If you need help navigating
Orlando real estate, give the
professionals at Olde Town Brokers a
call at 407.425.5069.
http://oldetownbrokers.com/
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