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The key questions you MUST ask as a first time buyer

Journalist: Esther Shaw, Freelance

ended 02. November 2023

I'm writing this one for the Telegraph:

The 30 questions you MUST ask before buying your first home

I'm compiling a long listicle of all the questions you MUST ask before buying. I'm looking for a mixture of important stuff (eg. do the walls have any insulation?) .. to fun stuff (eg. who's your 'most favourite' and 'least favourite' neighbour?)

Can you drop me a line with one ‘serious' and one more ‘fun’ question

thanks so much


Esther

8 responses from the Newspage community

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Key questions which many miss are around Leasehold. So get the length of the lease, ground rent and service charges. Also, they could ask about the current owner's cost of monthly bills. They should also ask the agent about the chain and if the property is in Probate, when the Probate was submitted to gage when it should be granted as too many agents put the property on the market too soon and there is a risk the mortgage offer will expire before Probate is granted. This could mean loss of monies and loss of the mortgage product and having to start the application process again.

Fun- does Deliveroo cover the area?
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Have the current inhabitants experienced any paranormal activity?
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While the usual questions about local schools, transport options, crime rate and amenities in the area are obvious, one must not forget to ask about the hidden costs, such as service charges, maintenance fees, and ground rent associated with the property. Remember some houses can be leasehold too. Getting a building survey will help create several important discoveries. Also check whether there are any ongoing issues with the property, such as dampness, structural problems, or pests. Many people forget to ask about plans for future developments or construction in the area that could impact the property's value or your quality of life. One must also ask about any planning restrictions or restrictive covenants on the property. On a more personal level, I always like to find out about any local walks, parks, or scenic spots when buying a property. Finally, it always helps if the property has an eminent history, so don't forget to ask about them.
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A few:
What is my budget?
Determine your financial capabilities and establish a clear budget that includes not only the purchase price but also ongoing expenses like maintenance, property taxes, and insurance.

What is the condition of the property?
Ask about the property's age, maintenance history, and any potential issues or repairs that may be needed. This will help you estimate future costs.
Is the location suitable for my lifestyle?
Evaluate the neighborhood, proximity to work, schools, public transportation, and amenities like parks, grocery stores, and healthcare facilities.
What is the market value of the property?
Research the property's market value to ensure you're not overpaying. You can work with a real estate agent or use online resources to assess property values in the area.
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Can I commit to one place for a long period of time?

Can I commit to one person for a long period of time (if buying with somebody else)

And most importantly:
What restaurants and take aways are in range on the food delivery apps.
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Serious =
What's mobile phone signal like? (Often gets forgotten)
What are the neighbours like?
When was the boiler last replaced/serviced?

Fun =
Where's the best local pub and take-away?
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Serious: Have you had any boundary disputes with your neighbours (regardless of what's in your land registry details on ownership and responsibilities).

Fun: If I return the favour, are the neighbours the sort of good people who will take in my Amazon and online shopping deliveries whilst I'm out?

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Serious: Is there ANY history of flooding within a mile of the property?
Fun: Is this the kind of area who celebrated the Kings Coronation with a street party or do you all put your heads down and ignore each other when meeting in the street?