Real Estate Q & A: what are some of the most important things to look at when buying a home?

Real Estate Q & A: what are some of the most important things to look at when buying a home?

Whether you have already looked at over 50 different homes, or you are just setting out on your house hunting journey, there are a few key things to keep in mind when touring each property. Although your emotional reaction can be an important element (after all, buying a home is one of the most significant investments of your life!), you should try to check that at the door, at least for your first visit. Focusing on the following 5 elements at each home viewing will keep feelings at bay so you can objectively evaluate the property.

1. Neighbourhood

There is a reason realtors are known for touting location, location, location!? Your community is one of the most important factors in feeling ?at home in your house. This includes access to public amenities like parks, restaurants, services, and schools. Dont forget to consider your commute as well as your potential to make friends in the area.

2. The Innerworkings

The internal systems; furnace, air conditioning, hot water tank, etc. are major factors in the efficiency, comfort and overall function of the home. These are elements that could require an additional investment to replace or repair after the sale if they are not up to date or code.

3. Finishes

The quality of materials used throughout the home should be in line with the asking price. Inspecting fine details like door frames, baseboards, and windows will ensure that you catch any areas where a builder could have cut corners.

4. Proof of past work

Ask your agent to inquire about past work done on the home renovations, additions, even new appliances. The previous owners should be able to present you with proof of any of these in the form of receipts, work orders, etc. Having a paper trail will a) ensure that work was done when stated, and b) that you are aware of any warranties for future repairs or replacements.

5. Ceilings

Roof and water damage are some of the costliest home repairs, so make sure to look up, way up at the ceilings in each room of the home in search of bubbles or any possible water damage. A?thorough home inspection?should also uncover any existing water damage in the home.

This entry was posted on May 21, 2016 by Jim and Iris

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