What Should I Ask the Agent Before Buying a Home?
If you are contemplating putting an offer in on a home, it is important that you know as much about the property as possible. Once the deal closes, you are responsible for fixing any problems that you encounter. Therefore, it is important that you know what questions to ask your real estate agent before buying a house. Here are a few good ones you should consider.
Is the House in a Flood Zone?
If a home is in a flood zone, it may be necessary to buy flood insurance. Generally speaking, homeowners’ insurance policies don’t cover the damage caused by a flood, which means that you could be on the hook for many thousands of dollars in damages. Your real estate agent may be able to tell you more about how to buy such a policy and how much it could cost. At the very least, the agent will be able to tell you if the property is situated in a flood zone.
When Was the Roof Last Replaced?
Asphalt roofing is designed to last approximately 30 years. Replacing an asphalt roof can cost about $5,000 to $10,000 depending on the size of the roof and the scope of the project. In some cases, you can save time and money by having new shingles placed over those currently on your roof. Metal roofs can generally last for up to 50 years while a wood shingle roof can last for up to 100 years if it is properly maintained. A metal roof can cost up to $15,000 to replace while replacing a wood roof can cost up to $25,000.
Does the HVAC System Work Properly?
It is critical that all HVAC components work properly because they can cost hundreds or thousands of dollars to repair or replace. Furthermore, if the furnace or air conditioner stops working, the home may be too hot or too cold to live in until the situation is remedied. Make sure to verify that the ductwork is installed properly and that the ducts have been cleaned recently. Otherwise, you risk wasting energy or breathing air that is full of pollen, mold or dust. That can result in higher energy bills throughout the year, and it can also result in breathing problems for anyone who lives in the home.
During a showing, you should feel free to ask as many questions about a home as you want. The more knowledge that you have about a property, the easier it will be to make an offer on it with confidence.
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