Buyer's Guide for the Hudson Valley
8 Questions to Ask Before Buying a House
Buying a home is a multi-faceted, complex process. Many buyers find themselves overwhelmed in the process, trying to mentally multi-task. There are a few things you don't want to forget to ask before buying a house, and we have them listed here to help you in the process.
How much maintenance will this home require?
It is easy to fall in love with a home when you do a walk-through, while it is perfectly designed to put its best foot forward. But you know what they say: love is blind. Pay careful attention to the type of maintenance the home will require and think about whether you have the time and/or money to take it on.
Features that might indicate a high level of maintenance include:
- Trees near the home that need regular trimming
- Older homes that will need updates or repairs
- Large lawns and gardens
- Dramatic increase in square footage from your current home
Is this home in a flood zone?
While not necessarily a deal-breaker, buying a home in a flood zone comes with hazards. Aside from the obvious potential damage to your home, keep in mind that home insurance premiums are generally far higher if you live in a flood zone. If you are comfortable with the risk and the expense, it doesn't have to take the house out of the running.
What amount of renovation is required to make this home what I want it to be?
As you look at a home, make a list of things you will want to change. Even small things like painting or changing window coverings can add up to a significant expenditure of time and money. Some things you may want to renovate or update include:
- Paint colors
- Window coverings
- Light fixtures
- Smart home features
Have renovations been completed up to code?
If the home has been remodeled or renovated, or any additions have been built, ask for documentation. Find out if the projects were done with permitting and up to the current building code. Buying a home that was renovated or remodeled without documentation is a gamble. Be cautious about taking a seller's word for it when it comes to working done on the home.
What is the neighborhood like?
Take some time to drive around the neighborhood. If you can, dine at local restaurants, take a stroll on local walking paths, and explore the neighborhood at different times of day. Make sure you can picture yourself living in the neighborhood. Also check into crime rates, property taxes, and community events in the neighborhood. All of this information will help you decide if the location is right for you.
How long will my commute be?
Take a moment to find out what the commute from the home will be. Don't just think about work, but also map out your commute to schools, grocery stores, airports, and other places you expect to frequent.
How much will I pay monthly?
In addition to monthly mortgage payments, consider what other monthly expenses you should plan for in the home. Think about utilities, lawn care, HOA dues, and any other expenses that are unique to the house.
Would my agent buy this home?
A great way to gain new perspective on the home you are considering is to ask your agent if he or she would buy the house, and why. Having an honest and knowledgeable agent on your side is one of your greatest assets as a buyer, so take full advantage of their expertise by asking their opinion.
As an expert in the Hudson Valley real estate market, I can offer tips and secrets to getting the home you really want at the right price. Contact me below to get started. Browse all local real estate listings here or let me know what you're looking for in the form below.