Open houses are a great way for potential homebuyers to get a feel for a property before making an offer. However, it can be easy to get caught up in the moment’s excitement and overlook important details. After all, nothing is quite as exhilarating as imagining your new life in a new space, with a new community, with new friends, and with new adventures.
Below, we have listed several items we think are important to notice when attending an open house. By keeping these things in mind, you’ll be better equipped to make an informed decision when considering a property. Remember to take your time and don’t rush into a decision! Buying a home is a big step, so it’s important to take the time to find the right property for you and your family.
Here are a few things to look out for when attending an open house:
1. Location
The location of a property is one of the most important factors to consider when buying a home. Look for properties that are located in safe and desirable neighbourhoods. Desirable, however, can mean different things to different people.
Perhaps you are an avid nature-lover: look for a home close to the mountains! Perhaps you love the hustle and bustle of a city: look for a place in the heart of the action. Consider the proximity to schools, parks, public transportation, and shopping centres.
2. Condition of the property
Take note of the overall condition of the property, making sure to look for signs of wear and tear, such as peeling paint, cracked walls, and leaky faucets.
Also, pay attention to the property’s overall cleanliness and maintenance, as this may reveal much about the upkeep of the place and its reliability in the coming future.
3. Price
Yes, this sounds obvious, but we thought it was important to note as we find that homeowners often get so enamoured with the layout and space that they look at the price a little too late, leading to disappointment.
As such, take note of the property’s price when you first step in. Compare it to other similar properties to ensure you get a fair deal. Remember that the price of a property is not always indicative of its overall quality. So, consult with an agent to browse the best luxury homes for sale.
4. Floor plan
Yes, even the layout of the property is important! Is it functional and practical for your needs? Is there enough space for your family and your belongings?
Are the bedrooms and bathrooms located in convenient locations? Is it an open-concept home? Depending on your needs and wants, various answers can satisfy what you are looking for!
5. Natural light
Take note of the amount of natural light that enters the property. Large windows and skylights can make a property feel more open and airy, while small or nonexistent windows can make it feel dark and cramped.
This may be especially important in locations that do not receive a lot of natural sunlight, as you may want to capitalize on what little sunlight is received already.
6. Storage space
Whether you are a family or hoarder or an individual with lives minimalistically, everybody needs someplace to put their stuff. Consider the amount of storage space available in the property.
Are there enough closets and cabinets to accommodate your belongings? Is there a basement or attic for additional storage if that is what you are looking for?
7. Outdoor space
Take a look at the property’s outdoor space. Depending on your lifestyle and values, this can make or break a home. Perhaps you are a retired couple who would like to sip their coffee while staring at the koi pond in the front yard.
Maybe a patio is all you need to enjoy yourself. As such, ask important questions: is there a backyard or patio? Is it large enough for entertaining or for children to play? Is the landscaping well-maintained?
7. Potential for renovation
No dream home can be a true dream home unless it is personalized. Yes, certain properties can have the backbone and skeleton you need, but to make it truly the place you love to live in, you will need to consider the potential for renovation.
Are any areas of the property that could be updated or remodelled to suit your needs? Are there any major repairs that need to be made?
9. Homeowner association (HOA)
If the property is part of a homeowner association, ask about the fees associated with being a member. Also, ask about any rules and regulations that may affect your use and enjoyment of the property. After all, you do not want to be caught in a turf war soon after you move in!
