A loan taken out to purchase a property is known as what?
Watch out! Here are 12 things to pay attention to when buying a home

Buying a house can be a nerve-wracking experience, especially for first-time buyers who might lack the necessary experience to do so with ease and confidence. Is the electrical system okay? What about the plumbing? Is there mold in the house? Is it too noisy? Is the neighborhood safe? These are all important questions homebuyers need to ask themselves when visiting a property. The following 12 are just a few of those questions, but they are definitely important ones. Can you think of anything else?
Image: Dillon Kydd / Thirdman
House Size
One of the very first things any prospective homeowner should ask themselves is what kind of house they want. Having a general idea of the size, as well as the amount and type of spaces needed, is considered basic information before starting to look for a property.
Image: Esther Zheng
Roof Condition
For practical reasons, most people looking to buy a house don’t inspect the roof of a prospective home. However, that section of the house can present serious and costly problems if it has any kind of damage.
Asking about the condition of the roof is paramount. How old is it? What is it made of? Buyers can find this information on the seller’s disclosure or ask the real estate agent to find out. Asphalt shingle roofs last around 20 years, but other materials, like clay or metal, can last much longer.
Image: Andreas Weiland
Neighborhood Safety
It goes without saying: safety is a big thing. When searching for a home, make sure the neighborhood where a potential house is located is safe. It’s also highly advisable to check out the neighborhood from an insider’s perspective via social media, such as Facebook groups, where you can learn more about the area and ask locals questions.
If you’re truly interested in a particular home, spend some time in the neighborhood. Go for a walk and check out local businesses to get a feel for what it’s like to live in the area.
Image: Alev Takil
HVAC system
The HVAC system heats and cools a house year-round. Anyone looking at houses should ask about the type of heating and cooling system each one has and, most importantly, how old it is. Asking for maintenance records is also a good idea.
Furnaces and AC units typically last anywhere from 10 to 25 years. If a unit is broken, repair costs vary based on the type of system and how big it is. Homeowners can spend an average of $7,000 to replace an existing HVAC unit—but don’t count on a home warranty to automatically cover that.
Image: Taylor Vick
Property Taxes
A commonly overlooked item for first-time homeowners when searching for a house is property taxes. When considering a potential home, always compare property tax amounts over several years to help you calculate the overall affordability of the property.
To find out a home's estimated property taxes, check with the county's appraisal board. Homeowners Association dues should be listed in the home's listing, or you can request them from the listing agent.
Image: Recha Oktaviani
Plumbing
The plumbing system in a house can be a mystery for a prospective buyer if they don't know how to inspect it properly. Pipe disintegration, obstructive tree root growth, and complicated clogs can all cause havoc on the system. Keep in mind that sewer line replacement can cost anywhere from $1,300 to $4,900.
Always check toilets for leaks, unstable bases, and discoloration. Look under the bathroom and kitchen sinks for signs of leaks. Turn on the hot water in the sink or tub to see if it gets hot. If it doesn’t, that could indicate a problem with the water heater.
Image: PAN XIAOZHEN
Water damage and mold
Water damage can cause numerous problems in a house, including structural issues, mold, and rot, especially in basements. Anyone inspecting a house should pay close attention to musty smells as well as water stains on floors, walls, or ceilings.
The cost of mold removal can be anywhere from a few hundred to a few thousand dollars, depending on the size of the affected area. And, because mold is a health hazard, it should be treated before moving in.
Image: Hydra 4x
Proper ventilation
This one might be subtle, but it’s very important, especially when considering the mold issues mentioned earlier. Without adequate interior ventilation, moisture can't evaporate, which can turn a room into a breeding ground for mold.
Look for condensation on windows or slightly bubbled or peeling paint around windows, doors, or vents. These signs may indicate moisture within the walls or ceiling drywall.
Image: Jelleke Vanooteghem
Noise Level
Nobody wants to live in a noisy home. But, at the same time, this issue is often overlooked when searching for houses. Many showings are cunningly scheduled during quiet hours to disguise the noise issues.
If you are truly interested in a property, visit during high-traffic hours to assess this concern. Even if the house is perfect in every other way, the constant hum of passing cars, public transport, or other sources of noise can become a serious problem.
Image: Rei Kim
Foundation and home exteriors
Foundations matter. Bulging or bowing foundation walls are signs of structural weakness that can be expensive to repair. Always check for cracks in the foundation, drywall, or ceiling; gaps above doors and windows; sunken stairs or porches; and sloping or uneven floors or tiling.
Of course, not every crack means the home is about to collapse. Every home experiences some degree of settling, so some cracks are to be expected.
Image: Aiden Craver
Electricity issues
The electrical system in a house can be compared to the nervous system of a human being: every part must work properly, and issues can sometimes be difficult to spot. From the power outlet next to the bed to other electrical systems in the house, like the garage door opener, everything is important and contributes to your safety and comfort. Bring a phone charger and plug it into random sockets to check if they work properly.
Image: Mila Albrecht
Room for improvement
Buying a house is a big investment and you can be living in it for a very long time. Therefore, it is always important to take into consideration any future plans and whether these plans make sense in that particular house.
Is there a wall you could knock out to create more space if needed? A garage or attic you could potentially finish if you need an extra room? Having an easy-to-modify layout can provide more possibilities for the future.
Image: Daniel McCullough