Buying a home is one of the biggest decisions we make in our lives, so it is not something to take lightly. As well as assessing our current situation, we need to think about the medium and long term so that the home we choose meets our needs for as long as possible.
With that in mind, and bearing in mind that we need to be fairly objective when choosing a property regardless of our personal tastes, these are some of the basic questions to ask before buying a home.
What questions should you ask before buying a home?
What is my budget?
This is one of the essential questions when deciding on the type of property, its location and the financing we will need.
What is the home like?
This is a fairly broad question covering both the home’s individual features — floor area, number of rooms, orientation and so on — and its location and surroundings: proximity to transport and public services, green spaces, sports facilities and more.
What is the property’s status?
This question matters because we need to establish whether the home has any registered charges, such as a mortgage, a tenancy or outstanding debts. If there is a tenancy agreement, we need to know when the property will be available to us.
Likewise, if the home is in an older building, we should ask whether it has passed the Technical Building Inspection (ITE) or whether alterations or refurbishment works are pending.
What are the costs of buying a home?
As well as finding out about the costs of the sale and purchase, including taxes that depend on the type of home we buy, we need to know the annual costs associated with the property: IBI, community fees, utility bills and so on.
At Inmogestión Balear we are property experts and can help you answer these and any other questions you may have when buying your home. Trust our experience to search for and find the home of your dreams.
To turn your viewing notes into an informed decision, see How much does it cost to buy a home in Mallorca? and Documents needed to buy a home in Spain.
