Advice
6 important questions to ask yourself before buying a home
29/11/2018 12:02 | Source: Vnexpress
In order to find the right accommodation, asking questions and answering them are essential. According to BankBazaar, you definitely need to answer the following 6 important questions before buying a home.

1. What makes the current owner sell it?

Knowing reasons why the previous owner wants to sell his home can help you get a better bargain. In case that he needs money to get another property, it means he may be willing to take a small price cut just to close the deal as soon as possible.

In addition, this can help you avoid a messy situation. For instance, the previous owner might be selling because he is in desperate need of money. It could be to pay off debts from the bank or loan sharks. Buyer might find himself being harassed as a substitute for the seller. Moreover, deteriorating housing condition is also another possible reason for sale. If you buy such a home, it may cost a lot of money for repairing and renovation.  

6 questions to ask yourself before buying a home
Knowing reasons why the previous owner wants to sell his home can help
you get a better bargain. Photo: moneycontrol

2. Who are your future neighbours?

You should know that your living experience doesn’t just depend on you alone. In fact, neighbours can also make a huge difference to your living experience’s quality. Just imagine having neighbours who are harassed by loan sharks or inconsiderate neighbours who play mahjong throughout the night. Your life quality can be greatly diminished by inconsiderate neighbours. In contrast, nice neighbours can make you feel welcome to the community with their warm smile and greetings. You might even find yourself having nice neighbours who are as close to you as your family members.

3. How much will you spend on interior design?

Potential homebuyers often only consider the purchase price, but missing some costs that are directly associated with the cost of ownership, such as the cost for interior design. You’d better consider this cost as part of your cost of ownership. Don’t forget to consider this cost before buying a home, or you might find yourself bursting your initial budget.

4. Which direction is your home facing?

The direction your property is facing is one of important things to know when buying a property. This can determine the average temperature within your home, affecting your life quality and electricity bills, of course! In addition, for some homes, you will not get any afternoon sun throughout the whole year in certain rooms. This could potentially become a problem when you are trying to dry your clothes by sunlight.

5. Have you reviewed your home’s Feng Shui?

Getting a review of your home’s Feng Shui is one of key things that you rather be cautious about than to be ignorant and dismiss it as superstition. Every homeowner wants to stay in a happy and harmonious home, and a good start to help you achieve your goal of a happy and harmonious home is to get a review of your home’s Feng Shui. 

6. What are the developmental plans in the area?

Before buying a home, you should check planning for the area. Development plans like new train line, new mall or even new shopping mall can affect the property’s value in the medium to long-run. Especailly, developmental plans will be good news if you are buying the property for investment purpose.

But what happens if you are looking to stay in it or to rent it out? Development plans in the area can make living in the area undesirable in the near term due to construction work around the area. In particular, if you are looking to stay in the property, you will need to deal with the inconvenience. If you are looking to rent it out, you need to consider that developments will result in less appeal for tenants.