Real estate : 6 essential questions to ask during the visit before buying
After 2 months of confinement, the real estate market has resumed on the hats of wheels. Buyers are back. During the visits, open your eyes, but also your mouth and ears. It is indeed the time to ask all your questions about housing and the costs to be expected.
Here we go again! After more than two months of paralysis due to lockdown, real estate sales are back on track.” The number of transactions recorded since May 11th has experienced an unprecedented increase “as has the number of ads posted online, which has even found “a slightly higher level than in March”, commented Best Agents in its latest barometer published on June 2nd.
If you, too, are interested in buying your home, keep a cool head in order to assess the strengths and weaknesses of the property, even if you fall in love with it. The visit, then the counter-visit, are crucial moments. It is up to you to stay on the alert, to listen to the real estate agent’s or landlord’s information, but also to ask him/her questions about what he/she is not telling you. Here are six questions you should not forget to ask when you visit an apartment or house.
1 What work has been done and what work is planned?
When buying an old house, it is necessary to make a complete inventory of fixtures: roof, possible presence of moisture, paintings, floors, etc. Better still: do not forget to ask the owner for the history of the work he has undertaken, so that you can know if the follow-up has been seriously done and if other work is to be planned.
For small repairs or to bring the property up to date, the costs are often manageable and the work can be undertaken gradually, after moving in. However, in the case of more substantial work (repair of the roof, bringing the property up to standard, restoration of the facade…), ask at least one craftsman to draw up an estimate. Formalized, this document will enable you to negotiate the price of the property!
The question of work concerns the housing but also the common areas if you buy in a condominium: entrance hall, stairwell, elevator, boiler, facade renovation, roof… These investments are examined at the annual general meeting. Ask to quickly consult copies of the latest reports in order to know the renovations carried out and those to come.Beware of small co-ownerships without a professional syndic: co-owners may tend to minimize the work to be planned, so even if there are no major expenses planned in the coming months, if you notice that the stairwell is dilapidated, cracks in the building or chipped windows, beware! It is possible that once you become the owner, you may be called upon more quickly than anticipated.