15 Key Questions You Should Ask Before Buying a Property
- What is the neighbourhood like? Is there anything that could affect the value of this home in the future?
- What are the prices of comparable homes that have sold recently?
- What are the realty taxes on the home?
- What are the utility costs? (Union Gas went up almost 30% this past summer)
- Schools, shopping, church & recreational facilities?
- How close is Public Transit?
- What home repairs/improvements have been made?
- How old is the roof, furnace and the air conditioning system?
- Any water or drainage problems; spring runoff or after a heavy rain?
- Does the basement show any signs of moisture?
- Is there a recent survey? Who owns the fence?
- Did the property have a home inspection done when the present owners bought it? Does the vendor have a list of any problems or issues that were fixed?
- Is there any important information in the disclosure document (SPIS)?
- Are there any utility easements or encroachments on the property?
- Are there any environmental concerns within the surrounding area?
