When purchasing a home, most buyers focus on the fundamental questions about price, location, and the general condition of the property, however, there are several other crucial questions that buyers often overlook, which can significantly impact their decision.
This is according to Cobus Odendaal, CEO of Lew Geffen Sotheby’s International Realty in Johannesburg and Randburg, who adds: “It’s also common – and understandable – for emotions to run high when looking for the perfect property to call home, but decisions based largely on emotion often lead to regret and financial strain down the line, so it’s important to approach the process with a clear and level-headed mindset and to balance enthusiasm with a pragmatic approach.
Asking pertinent questions during a home viewing is not just a formality; it’s a strategic approach to home buying as the information you gather empowers you to make decisions aligned not only with your preferences but also your budget and long-term goals.
1. How Long Has the Property Been on the Market?
The duration a property has been on the market can reveal a lot about its desirability and pricing. A home that has been listed for an extended period may be overpriced or have underlying issues so if a property has lingered on the market, buyers should ask why and consider conducting a more thorough inspection or negotiating a lower price.
2. What Is the History of the Property?
Knowing the history of the property, including past ownership and any significant events, can help buyers understand what they are purchasing. Ask about any major renovations or repairs that have been done, and request documentation to ensure the work was completed to a high standard. Additionally, inquire about any past problems, such as water damage or structural issues, to avoid surprises.
3. Why is the Seller Moving?
Understanding the seller’s motivation for moving can provide valuable insights into the property and the neighbourhood. If the seller is relocating for positive reasons, such as a job transfer or upgrading to a larger home, it may indicate a desirable area. Conversely, if the seller is moving due to issues like neighbourhood disputes, crime, or poor local amenities, or isn’t keen to divulge the reasons, it’s a red flag that warrants further investigation.
4. What Are the Average Running Costs?
Utility costs can vary widely depending on the property’s size, age, and location so request information on the average monthly utility bills, including electricity, water, and property taxes. This will help buyers budget more accurately and avoid any financial surprises after moving in.
5. Are There Any Homeowners Association (HOA) Fees?
If the property is within a community governed by a homeowner’s association, it’s crucial to understand the associated fees as well as the rules and regulations. Ask about the monthly or annual fees, what they cover, and any potential special assessments. Additionally, review the HOA’s rules and regulations to ensure they align with your lifestyle and expectations.
6. Are There Any Environmental Concerns?
Environmental factors can impact your health and property value. Inquire about any known issues, such as the proximity of flood zones or hazardous sites. Additionally, ask if the property has been tested for lead paint, asbestos, or mould, especially if it’s an older home.
7. What Is Included in the Sale?
Clarify what’s included in the sale of the property to avoid any arguments later and knowing what stays and what you need to replace can help you plan for any additional purchases you may need to make after moving in. Items like kitchen appliances, light fixtures, windows, and outdoor equipment might be negotiable.
8. What Are the Future Development Plans for the Area?
Future development in the area can significantly impact property values and living conditions. Ask the estate agent about any planned infrastructure projects, new commercial developments or zoning changes in the area. While some developments, like new parks or schools, can be beneficial, others, such as new industrial sites or a block of flats that will block the view, might detract from the property’s appeal.
9. What Are the Local Amenities and Services?
Beyond the basics like schools and shopping centres, buyers should ask about other amenities and services that might affect their quality of life. These can include parks, recreational facilities, healthcare services, public transportation options, and places of worship. Proximity to these amenities can enhance daily living and potentially increase property value over time.
10. What Is the Neighbourhood Like?
This may seem like a broad question, but a neighbourhood’s character can greatly influence your satisfaction with your new home as well as the property value down the line. Ask the estate agent about the demographic makeup of the area, noise levels, and the overall community vibe. It’s also beneficial to visit the neighbourhood at different times of the day and week to get a true sense of what it’s like to live there.
“Asking these often-overlooked questions can provide a more comprehensive understanding of the property you’re considering,” says Odendaal. “Being well-informed allows you to make a smarter investment and ensures that the home you choose truly meets your needs and expectations. Don’t hesitate to dig deeper and gather as much information as possible to make the best decision for your family and your future.”