Tips for Potential Buyers
What Potential Buyers Should Ask at an Open House
If you’re in the process of looking for a new home, you’re going to be attending quite a few open houses. It’s important you ask questions while looking at a potential home, many of us know to check for major issues such as foundation cracks and or water damage, but what else do potential buyers need to know before signing a contract. While touring a home, make sure you make a note of these important features listed below.
How Old is the Roof?
Look beyond the kitchen and updated bathroom, and consider the bones of the home. Check how old the roof is, as the typical life span of a roof is about 20 years. Keep in mind the average cost to replace a roof can run into the five figure range, averaging about $12,000, and sometimes going as high as $25,000 or more.
Have Any Insurance Claims Been Made?
We recommend asking if any insurance claims have been filed on the house, and if so for what. The answer you get may offer insight into any past issues that may not be immediately obvious at an open house. If the home is located near a body of water it’s important to ask whether or not flood insurance is required as that can affect buyer financing and create difficulties that may delay closing.
How Old is the Wiring?
If you’re looking at an older home, make sure you check the electrical work. Do not ignore the possibility of outdated electrical systems and wiring. Some older systems may still be functional, but can pose a safety risk, making it difficult to insulate, and sometimes hard to insure.
These issues may be overlooked if you don’t prepare yourself before an open house. When you’re getting serious about a home, you don’t want these issues to come up later. It’s better to know upfront and while you have a chance to walk away! If you do find the home of your dreams, remember to call us at Waste Solutions 123! If you’re doing some remodeling, household clean out, or have a ton of stuff you don’t want to move with, we can help! Call us today for a free quote on our affordable dumpster rentals, perfect for new home buyers!