Why it’s important to ask the right questions before you buy
Whether you’re buying your very first home, looking for more space or ready to downsize, purchasing a home is a huge milestone. And for many, it’s one of the biggest financial decisions they’ll ever make. However, a surprising 82% of recent buyers say they have at least one regret. The most common one? Wishing they hadn’t taken on a home that needs more upkeep than they bargained for. If you want to sidestep that kind of frustration and feel confident about your investment, it all starts with asking a real estate professional some important questions before signing on the dotted line.
10 Must-ask questions when buying a home
Here are ten essential real estate questions you’ll want to ask as you move through the home buying process.
1. Is the home in a high-risk natural disaster zone?
Earthquakes, tornadoes, floodplains––no thanks. A home's charm can be irresistible, but don't let the curb appeal blind you to potential risks. That idyllic farmhouse might be in tornado territory, and that beach house could be in hurricane alley. These risks aren’t just about safety; they can drive up insurance costs and impact your long-term budget. If you’re planning to stay long-term or pass the home down to future generations, make sure it’s built to handle whatever nature throws at it. Do your homework: look into historical data, assess structural resilience and secure the right insurance. Peace of mind starts with preparation—and ends (hopefully) under clear blue skies.
2. Are there any health or safety hazards (e.g., mold, asbestos)?
As you dream of crown molding, don’t forget the less appealing kind—toxic mold that lurks behind walls. Like lead paint and asbestos, these dangers can slip past untrained eyes. Sometimes, the owner can be completely unaware of hazards in their home, which is where the all-important home inspection comes in. A must-do for anyone buying a new home, a home inspection can help reveal any hidden dangers that may lie beneath the surface.
Beyond wellness concerns, the cost of fixing safety hazards can be steep. For example, removing lead paint can set you back $8 to $15 per square foot, asbestos removal ranges from $1,200 to $3,000 and radon mitigation can cost upwards of $1,500. During inspection, make sure to ask about structural issues, pest infestations and contaminated water sources as well.
3. What’s the age and condition of the roof?
Your roof isn’t just a finishing touch—it protects you and your belongings from the elements. Since roof replacements can be a huge financial hit, you’ll want to inquire about its age and condition. Most roofs do the job for 25 years, give or take. Finding a newish roof on a home you love means less worry, added value and shelter from the storm. If the one you're eyeing is getting up there, decide if your budget can handle a replacement. Hint: We’re talking $15,000 to $30,000 on average for a brand-new roof.
For an extra layer of security, review seller disclosures and inspection reports for any red flags. Spotting issues early not only prevents future headaches—it gives you leverage when it’s time to negotiating repairs with the seller.
4. Are all major systems (HVAC, electrical, plumbing) in good condition?
A good home inspector will give all major systems—heating, cooling, plumbing and electrical—a thorough exam on your behalf. These hidden heroes keep your home cozy, bright and humming along, turning basic structures into true sanctuaries. Breakdowns can also throw a wrench in your budget. For instance, an HVAC replacement can run you anywhere from $5,000 to $12,000 depending on the system and home, so it’s wise to have a thorough inspection of all major systems before you commit.
And remember, spotting problems isn’t always a deal-breaker. It can give you the upper hand when it’s time to make an offer. Doing your homework puts the control in your hands.
5. What is the monthly cost of utilities?
Your list of questions to ask a realtor may not include utility bills, but they should. Asking for a full year of utility bill history can give you a realistic picture of what you’ll be spending each month. This isn't just about budgeting; it's about assessing the home's efficiency and sustainability. Knowing how much power and water the home uses can help you plan smarter, save money and reduce your environmental impact.
Utility costs can also reveal more than just monthly spend. High bills could point to outdated systems or poor insulation. Low bills can mean the owner made some valuable upgrades. This info is useful for shaping your budget, forecasting future maintenance and even informing an offer on the house.
6. Which appliances are included, and what’s their condition?
Don't let appliances fly under the radar. Is a modern fridge, stove, dishwasher, washer and dryer included? If not, replacing them can be pricey. A fancy fridge or new washer could each run you thousands, so ask your realtor for specifics. Refrigerators can run for about 14 years; stoves typically fire up for around 15. If they're nearing the end of their lifespan, you might need to budget for new ones.
Safety comes into play here, too. Old gas stoves can leak if their seals are worn or their connections are faulty, posing serious health risks like carbon monoxide poisoning. Believe it or not, aging clothes dryers can become a fire hazard, all thanks to accumulated lint. Armed with this knowledge, you’ll be well-equipped to negotiate your offer. Sellers may knock down the price or throw in a credit so you can pick out new appliances of your own.
7. Why is the seller moving?
Understanding the seller's "why" can be a major advantage. If they're in a hurry to sell because of a new job or family situation, they might be more open to a speedy transaction. This is your chance to present an offer that’s too good to pass up. If the property has been on the market for some time, the seller might be thrilled to negotiate. Alternatively, if the seller is trying to avoid foreclosure, they could be looking for a short sale where there are deals to be made—but make sure you’re working with an experienced realtor and be prepared for more hoops than a standard sale, too.
8. Were additions or renovations permitted and up to code?
Next up: home renovations. Make sure any updates were done legally, with proper permits and up to code. Well-executed renos—like a smart basement conversion—can add serious value and appeal.
Some renovations may affect your property taxes. Done poorly, they can lead to costly issues down the line, like mold or structural damage. Whenever possible, find out who did the work. Licensed, experienced contractors are more likely to follow regulations. Always ask for details and check online reviews. If the renovations were recent, a home warranty might also be worth considering, as it could help cover systems or appliances affected by the updates.
9. How do local home prices compare?
Why worry about the price of other people’s property? Well, knowing what they paid can be your secret weapon in the house-hunting game. These local prices are usually referred to as real estate comps. They can help you figure out a fair offer, before an official home appraisal, and provide an idea of how much the property might appreciate over time—one of ownership’s biggest advantages.
This detective work isn't just about the stats; it's about getting a sense of the neighborhood's vibe and overall economic health. Seeing how the home stacks up against others can really boost your confidence about making an offer.
10. How long has the home been on the market?
So, how long has this gem been on the market, eagerly awaiting its perfect match? This detail can reveal quite a bit. If it's been a while, you might have leverage to strike a sweeter deal. Maybe the price is a tad steep, or the home has a quirky charm that's not everyone's cup of tea.
If it just popped up on the market and checks off loads of boxes, you might need to act swiftly or craft an offer that really stands out. Either way, knowing how long the house has been listed gives you a peek into the seller's mindset, arming you with clues to plan your next move.
Use these questions to negotiate with confidence
The groundwork you lay now can lead you to the right home, reduce your stress and save you a pretty penny. You're well equipped for the house hunt now. Go out there and ace it.
