Buying a house is a significant investment and an exciting milestone in life. Whether it’s your first home, an upgrade or even an investment property, it’s essential to ask the right questions to ensure you make an informed decision. Here are 15 key questions you should ask when viewing a house to buy.

1. What is the asking price and are there any additional costs?

When committing to buying a property you want to ensure you know exactly what you should be paying. Try to find out what the total cost of the property is, including the purchase price, taxes and any fees that may be relevant such as rates or strata costs.

2. How long has the house been on the market?

Knowing how long a property has been listed can provide insights into its desirability and where the current owners may be at with the selling price. If a property has been on the market for a while this can create the opportunity to negotiate on price, especially if the owners are keen to move on to their next stage in life. Conversely, a house that’s been on the market a short time with lots of interest could demand a premium.

3. What are the local schools and amenities like?

For families or those planning for the future, the quality of nearby schools and access to essential amenities like parks, shopping centres, and healthcare facilities can be vital factors. This is also an important question for real estate investors as it can provide an insight into what might draw their tenants to the area.

4. What is local crime like?

Crime statistics can have a significant impact on property prices. Neighbourhoods that are perceived as being more dangerous tend to be less desirable to people searching for somewhere new to live. Understanding the safety aspect of an area can help potential residents and investors decide if it aligns with their needs and desires.

5. Has the house had any recent renovations or repairs?

Knowing the history of renovations and repairs can give you an idea of the property’s condition and potential maintenance needs. A property with recent renovations to critical areas or upgrades to old systems can mean less time and money being spent on repairs during the initial ownership period.

6. Are there any issues with the foundation, roof, or major systems?

Structural integrity and the condition of essential systems such as plumbing, electrical, and gas are critical for the long-term value and safety of the property. The last thing a new owner wants to deal with without warning is the rectification of serious issues, especially given the financial burden this can cause.

7. What are the utility costs for the house and is it energy efficient?

Understanding the average monthly utility costs can help you budget effectively and avoid surprises after moving in. Homes with renewable energy systems like solar hot water and solar panels are more sustainable and better for the hip pocket, which can be appealing. Knowing whether the garden watering system is on mains water or bore water can also be helpful.

8. What type of title does the land have?

The form of title the land a house is on can have a significant impact on what you can do with that property once you own it. buyTorrens title, also called freehold or green title, gives the land owner more freedom than other title types, such as strata or limited torrens. This is something you want to clear up during the viewing process before things progress further down the line.

9. What are the council rates like for the area?

The cost of council rates varies by location and can significantly impact your overall housing expenses. When visiting a house it’s worth asking what the rates are like and what is included for that money, for example weekly rubbish collection, green waste collection or bulk rubbish collection.

10. Are there any zoning restrictions or future developments planned nearby?

Knowing about zoning regulations and potential developments in the area can help you anticipate changes to the neighbourhood and property values. This is particularly important for investors who are looking to grow their wealth by developing a profitable real estate portfolio.

11. Is the house in a flood zone or prone to natural disasters?

Understanding the risk of floods, bush fires, cyclones, or other natural disasters can help you assess insurance costs and the potential risk to the property. Areas in northern Queensland may be more at risk for floods while locations on the outskirts of Perth in Western Australia would be more concerned with bushfires. If the property is in an at-risk area, continue down the line of questioning to find out what has been done to mitigate that risk.

12. What is the parking situation?

Whether it’s a garage, driveway, or street parking, knowing the parking options available can be essential especially in high density urban areas or for larger families. Some neighbourhoods and councils also have rules regarding parking that can impact residents, for example no street parking after a certain time.

13. How is the internet and cell phone reception in the area?

Having access to reliable internet and cell phone coverage are increasingly important factors for many homebuyers, especially those who work remotely or rely on connectivity for entertainment and communication. With the roll out of the NBN, having fibre optic installed is a plus for many buyers.

14. Are there any strata association or housing estate rules or fees?

If the property is part of a strata association or housing estate then understanding the rules, fees, and any restrictions can help you determine if it’s a good fit for your lifestyle. As an investor, this can also be important as it may impact who is eligible to be a tenant of the property.

15. Why is the current owner selling?

While not always disclosed, understanding the reason for selling can provide valuable insights into the property’s history and potential issues. If someone is moving for a life change that’s one thing, but moving due to cost of living, issues with the property or discontentment with the neighbourhood is quite another.

Summing it up

Viewing a house is about gathering information to help yourself to make the best decision for your future. Ask all of these questions and more to ensure the property meets your needs and preferences. Remember to take notes, trust your instincts, and consult with real estate professionals for guidance throughout the homebuying process.