If you are contemplating purchasing a home right now, you are probably getting a lot of advice. Buying a home is a major life decision that requires you to approach it carefully and clearheadedly. After you’ve done the math and have comprehensively weighed your financial options, there are some very important questions you should ask before you make an offer.
Your decision should be based on your preferences and priorities in life. At the end of the day, nonfinancial benefits are a major determinant during the buying process. Having a realtor comes in handy because s/he will readily answer your questions and help you make up your mind.
Kenya homes takes you through the most important nonfinancial questions you should ask to help you determine whether buying a home is viable for you. Doing your homework is necessary in order to eliminate surprises down the road.
Why is this house on sale?
This is truly the most important question to answer before buying a home. Forget the finances for a minute. Asking this question provides useful insight for you. The seller may have been unable to keep up with the mortgage repayments due to unforeseeable circumstances like losing a job or divorcing with a spouse. In Kenya, many people attribute selling their homes to tough financial situations and the country’s economic meltdown. The phrase ‘uchumi ni mbaya’ is not uncommon to hear. All these are good reasons for someone looking to buy a home.
However, there are reasons that should indicate a red flag for example selling a house because of water shortage, or selling a house because of constant flooding due to heavy rains. Finding out the real reason why a house is being sold will enable you make an informed decision before buying a home.
Related; Four things not to do during the closing process.
What is the condition of the home?
When buying a home, knowing the condition of the house will enable you make a logical decision on whether to buy or not, and what offer to place on the table. For example, a house that has structural issues or poor upkeep cannot cost the same as a house with proper finishing and adequate maintenance. It is because of these issues that Kenya Homes recommends to have the home inspected by a third party before making the purchase.
Additionally, you are discouraged from buying an extremely old house because some systems and appliances are outdated and can neither be replaced nor repaired. Also noteworthy is the age of the roof. A good roof lasts between 15 and 50 years and based on this knowledge you can adjust your offer depending on the quality of the roof.
Are there many kids in the neighborhood?
Answering this question when buying a home is vital. As we grow, we look for different things in a home. A family man may want a neighborhood full of children to provide playmates for his own kids. However, a bachelor or a young couple may want to escape the noise and messy nature of kids playing all over the estate. Depending on your desires at that particular time, this question may help you determine whether to buy the house or not.