Video — Agent Secrets — Risks and Issues You Must Consider Before Buying A Home

Make sure to check a few practical risks in the decision process for a new home, including:

Natural disaster risks

Is it in an earthquake-prone area? Is earthquake insurance available, and how much does it cost?

Likewise, are hurricanes a risk? Tornadoes?

How high does the property sit, and is there a risk of flood? (Watch the video on floods here on Video-Genius.)

Are there hazardous materials in the area?

Building Code compliance; the house should meet local codes.

Local zoning and (if applicable) homeowner association rules can also play a big role in future changes. If you envision remodeling, making an addition, or other substantial changes, be sure you understand the regulations and permits that will be involved.