3 Important questions every homebuyer should ask, but few do in buying your St. Charles County property

Lisa Loveless
Lisa Loveless
Published on January 27, 2021

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In that moment when you fall in love with a home, it’s almost impossible to let logic rule. Emotions run rampant, resulting in cosmetic aspects winning over financial aspects. I see it all the time in my real estate practice that homebuyers forget to ask the important questions.

And, I sympathize. Especially when you’re tired of looking at home after home; when you finally find “the one,” it’s hard not to get excited. But, it’s dangerous, not to ask these important questions.

Far too often we see buyers neglect to get the valuable answers to questions that may seem routine but aren’t.

How old is the . . .? Very important questions, are you asking?

If in doubt about the age of any of the home’s components and the home inspector isn’t able to help you figure it out, let me know; I’m happy to ask the homeowner for you.

This is especially important for appliances, such as the water heater (which has a life expectancy of 8 to 20 years, according to Lowe’s), the roof (the average life span of a roof from 20 to 50 years, depending on material) and the gas furnace, which gives up the ghost after about within 15 to 20 years.

It’s important to know how much life is left in the home’s components so you aren’t faced with a large financial outlay when you least expect it.

Important questions to ask when considering writing a contract. What are the average monthly utility bills?

Americans pay, on average, $117.65 a month for electricity. Naturally, this varies depending on geography and other factors. St. Charles counties utility cost would be an important question to consider.

As a buyer, you may get a range of monthly prices from different sellers. This is because there are ways of mitigating high utility bills. Some homes are constructed more efficiently, others have lowers bills because the homeowners made upgrades, and then there are those that seem to bleed electricity because of cheap construction techniques.

Water, electricity, gas, sewage, garbage, and electric bills can take a major bite out of your housing budget each month, so get the answers to this important question before you agree to purchase the home.

Buying a condo?

If it’s a condo that’s snagged your heart, there are a number of very important questions to ask. Chief among them is ascertaining the amount of condo maintenance fees you’ll be responsible for each month.

But, that’s just the beginning. How healthy is the community’s reserve fund? What percentage of the units are tenant occupied? You deserve answers on all of these important questions.

Reading the rules and regulations will answer many other miscellaneous important questions, such as whether or not pets, and how many, are allowed in the community, whether you will be allowed to run your business out of your home, noise rules and more.

The HOA meeting minutes are full of useful information as well. One of the first things to look for are complaints from homeowners – look even more carefully to see if these complaints are voiced repeatedly, over the course of several meetings. If so, it may be an indication of an unresponsive board of directors.

Feel free to ask all the real estate-related important questions you have – I am happy to answer them all.

I have been leading, guiding, protecting buyers and sellers for over 20 years in St. Charles county.  I get answers to the important questions.

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