Home ownership can be a tremendous accomplishment, but if you're new to the process, it can also be extremely stressful. Even experienced home buyers may combat a degree of uncertainty, so it's vital that you take the necessary steps to ease your concerns. Chief among those is solid communication with a realtor who's prepared to cater to your needs.
Below, you'll find a guide to some questions you should be sure to ask your realtor as you embark on a home buying adventure. Securing the answers to these questions will provide you with confidence in the process, and can allow you to move forward with excitement rather than dread.
Ask About Warranties
When you make a financial investment in a new home, it's important that you have a complete understanding of the ways that investment is protected. Many people may not consider warranties in that conversation, but a variety of components of your home may have outstanding protections that can ease the replacement or repair process.
Make sure that your realtor has gathered warranty information for appliances, flooring, home fixtures, and even external features like gutters and siding. This can provide you with additional security that enhances your confidence in your purchase, and will guarantee you're ready to act when it becomes necessary.
Ask About Property Boundaries
Many people are under the misapprehension that their property lines only extend to their constructed boundaries. In many cases, additional easements which lay outside a fence line or wider than the structure of a home are still your responsibility, and could become a concern if issues develop.
Make sure that your realtor has a full survey of the parcel for sale and use that information to examine the boundaries yourself. Consulting your realtor about this important issue will help guarantee that you're not caught by surprise and that you don't find yourself with responsibilities that you never knew would exist.
Ask About Property Tax Growth
It's important to consider the effect of property taxes when the time comes to consider purchasing your property. Your realtor will have experience with be checking back on previous tax bills, allowing you to develop a reasonable idea of how they change over time. By projecting out your increasing home value and your potential tax rate, you can develop a better understanding of your financial responsibilities and begin to build a plan for securing your home and meeting your obligations well into the future.