5 Questions to Ask When Viewing a Listing
Buying a home can be stressful, especially in a hot real estate market like Toronto. Once you find a good property, the next step is to contact your real estate agent to set up a viewing. Viewing a listing can be exciting, but it’s also the perfect time to ask some essential questions about the home. Make sure you get answers to these key questions before making an offer!
Are permits and receipts from recent renovations or upgrades available?
If the sellers did any renovations to the home or recent upgrades ask to see the receipts and permits. Some DIY projects may not have been done up to code and could pose issues later on. Having receipts for any recent upgrades, such as appliances, means that as the new buyer you could get the warranty if there are any issues.
How old is…?
Definitely be sure to ask how old the roof, electrical, furnace, HVAC, electrical, appliances and windows are. These items aren’t often what buyers think about when they visit to view a home, but they’re the most expensive and can really impact a home’s value. If something is old that doesn’t mean it’s bad, but it will let you know that you may have to budget to replace it sooner rather than later.
Where are the property lines?
Property lines should be clearly established by a professional survey. However, it’s a good question to ask when viewing. Make sure to take note of any hedges, fences, gutters, etc. that fall near the property line as there could be issues with neighbors and these later on.
Has the basement ever flooded?
Basements are prone to flooding, and Toronto homes are no exception. A flooded basement doesn’t necessarily mean there is something wrong with the home- chances are the seller fixed the issue- but it can indicate what you can expect for years to come. Water damage can also impact insurance, home value, and financing so it’s a good idea to ask about it.
What are the neighbors like?
This question is probably better asked the seller themselves than the sellers’ agent. This question isn’t so much about the home itself, but it does pertain to what living in the property would be like. Having rude, loud, or unfriendly neighbors doesn’t necessarily mean you shouldn’t get a property, but it’s a good idea to know what to expect before moving in. Inconsiderate neighbors can be a major pain though, so keep that in mind!