From open floorplans to quartz countertops, most homebuyers have a list of must-have features they're looking for in a new home. However, it's also important to consider all factors that can affect your quality of living. Below are eight important questions to ask during the homebuying process.
1. Will my new place be noisy?
What if your potential home shakes whenever the Metro passes by? Or your neighbor likes to throw parties, and the building doesn't have quiet hours? Noise can have a huge impact on daily life. Ask if flight plans, trains, and other means of public transportation are ever an issue. This information can sometimes be found in property reports. If you're looking in a communal building, also check if there are rules and requirements that can limit noise levels between units.
2. Am I at risk for floods and fires or from previous uses of this property?
The effects of natural hazards can be devastating. The website ClimateCheck.com is a great resource for predicting if fire, heat, drought, and storms are threats to your area. In addition, sites like homedisclosure.com and freehomerisk.com can indicate if your new home has been impacted by man-made hazards, such as oil spills and meth labs.
3. Is this a safe neighborhood with good schools?
While real estate agents are prevented from providing information about crime or schools due to the Fair Housing Act of 1968, homebuyers can access relevant data through sites such as:
greatschools.org
mykukun.com
crimemap.dc.gov (for DC)
County websites for redistricting plans
4. Will my view change?
It's important to not only consider what your neighborhood looks like now, but if there are any plans for development in the future. Your agent should be aware of such plans, but it's also a good idea to check county websites for construction permits and zoning information.
5. How soon will my appliances and systems need maintenance?
An inspection is the best way to learn when big-ticket items - such as the roof, HVAC system, or appliances - will need to be updated. However, if inspection is waived to make a more competitive offer, be sure to at least have an informal inspection (or ask the seller to disclose the information) so you're aware of what to anticipate.
6. How much do utilities cost?
Gas, electric, water, and other utilities should always be incorporated into your homebuying budget. Ask for the sellers to disclose how much they usually pay, or call the utility companies and request a 12 month average for your home or area.
7. What rules, regulations, and fees come with living in an HOA or condo?
Association fees should be included in the listing documents, but you should be aware of what the fees will cover. For example:
-Are any utilities included?
-Is there common area maintenance?
-What are the homeowner and HOA responsible for, respectively?
-Is there a reserve fund for emergencies and capital improvement projects?
-Is the HOA financially healthy to avoid special assessments?
8. Can I rent my home to short- or long-term rentals?
If you're purchasing in an association, the document package should mention any rules or restrictions for renting out your home. There may be a cap on the number of rental units in the building, a maximum length of time you're allowed to rent, or a prohibition on using your unit for an AirBnB.