Buying a home in Vancouver isn’t just about finding a place you love—it’s about making a smart investment. With high prices and a competitive market, you want to be sure you’re getting the full picture before signing on the dotted line. While a good realtor will walk you through inspections, paperwork, and negotiations, knowing the right questions to ask puts you in the driver’s seat.The more informed you are, the fewer surprises you’ll face down the road. Here are five crucial questions to ask when shopping for your next home.
1. How Old Is the Roof, and What’s Its Condition?
A roof replacement is one of the most expensive home repairs, so knowing the age and condition upfront can save you from unexpected costs. In Vancouver’s rainy climate, a well-maintained roof is essential for preventing leaks and water damage. Ask when it was last replaced, what materials were used, and if there have been any past repairs.
2. What Are the Average Utility Costs?
Utility costs can vary significantly depending on the size of the home, insulation, and heating system. Get an estimate of monthly bills, including electricity, gas, and water, to ensure the home fits within your budget. Also, ask if any energy-efficient upgrades have been made—these can save you money in the long run.
3. Are There Any Zoning Restrictions?
If you have plans to renovate, add a suite, or build a laneway home, zoning restrictions matter. Vancouver has specific zoning laws that regulate everything from rental suites to building height. Checking the zoning regulations early can prevent headaches down the road.
4. Has the Home Had Any Water Damage or Leaks?
Water damage is a red flag, especially in a city known for its wet weather. Ask if the home has ever experienced flooding, leaks, or moisture issues. Look for signs of past water damage, such as stains on ceilings or musty odours, and ensure the home has been properly weatherproofed.
5. How Does This Home Compare to Others in the Neighborhood?
Before making an offer, compare the home’s price, features, and condition with similar properties in the area. Your realtor can provide a comparative market analysis (CMA) to help you determine if the asking price is fair. Understanding the local market ensures you’re making a smart investment.
Final Thoughts
A well-informed buyer is a confident buyer. While your realtor will help guide you through the process, knowing what to ask ensures you’re fully prepared before making a decision. If you’re thinking about buying in Vancouver and want expert guidance, reach out today—I’d love to help you find the perfect home!