Wednesday, September 08, 2010
       
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WHAT TO LOOK FOR WHEN YOU ARE VIEWING A HOME

 

In addition to confirming whether or not the property suits your needs you may want to consider the following:

 

Do all of the bedrooms have a closet?  This is important because an appraiser cannot call a room a bedroom unless it has a closet.  Sometimes a closet outside the bedroom can count if it is nearby, but the secondary guidelines do require a closet.  What does the town say about it?

 

Is there heat upstairs?  May sound crazy, but many times in older homes certain or all upstairs rooms have no heating unit of any kind.  It is possible that the heating system in the house does keep the upstairs warm enough, but be alert to the potential problem.

 

What is the square footage?  Many times square footage is hard to get a handle on.  Below grade rooms do not count as Gross Living Area even if they are finished.  It may increase the value, but not the GLA.  Be sure you are comfortable with the living space.  Is the town hall information up to date?  Did the Realtor measure properly?

 

Are there issues that effect home insurance costs?  For example: swimming pool, trampoline, fuses or knob and tube wiring, abandoned oil tanks, age-built before 1925? woodstoves, faulty structures, ocean front, body of water on/near lot, older than 20 yrs roof- furnace- plumbing,   Etc. 

 

Hazardous waste material? Asbestos interior or exterior, lead paint, oil spill, etc.

 

Your Buyer Agent will help you address any of these issues, but it is good for an extra set of eyes looking.