How to Plan Your Open Home Visits Effectively
Visiting open homes is a crucial step in finding the right property. However, without a plan, it can quickly become a time-consuming and frustrating experience. This guide provides a structured approach to help you effectively plan your open home visits, ensuring you make the most of each viewing and stay organised throughout your property search.
1. Researching Properties Online
The internet is your best friend when it comes to initial property research. Before you even think about stepping foot inside an open home, dedicate time to exploring online resources.
Utilising Real Estate Portals
Real estate portals like realestate.com.au and domain.com.au are excellent starting points. These platforms allow you to filter properties based on criteria such as location, price range, property type (house, apartment, townhouse), number of bedrooms and bathrooms, and land size. Use these filters to narrow down your search to properties that align with your needs and budget.
Exploring Agent Websites
Many real estate agencies have their own websites where they list properties. These sites often provide more detailed information than the large portals, including floor plans, virtual tours, and additional photos. Look for agencies that specialise in the areas you're interested in. You can also learn more about Homeopen and how we can assist in connecting you with the right resources.
Analysing Property Listings
When reviewing property listings, pay close attention to the following:
Photos: Do the photos showcase the property's best features? Are there enough photos to give you a good sense of the layout and condition?
Description: Is the description detailed and accurate? Does it highlight any potential issues or limitations?
Floor Plan: A floor plan is invaluable for understanding the property's layout and flow. If one isn't available, consider requesting it from the agent.
Location: Use online maps to assess the property's proximity to amenities such as schools, shops, public transport, and parks.
2. Creating a Shortlist of Homes
Once you've conducted your online research, it's time to create a shortlist of properties you want to visit. Be realistic about the number of homes you can realistically view in a day – aim for quality over quantity.
Prioritising Your Needs and Wants
Before creating your shortlist, clearly define your needs and wants. Needs are non-negotiable requirements, such as a minimum number of bedrooms or proximity to work. Wants are desirable features that you're willing to compromise on, such as a swimming pool or a large backyard. Prioritising your needs will help you focus on properties that are genuinely suitable.
Evaluating Property Suitability
As you review properties online, ask yourself the following questions:
Does the property meet my essential needs?
Does the property fall within my budget?
Is the location suitable for my lifestyle?
Are there any obvious red flags (e.g., major structural issues, poor presentation)?
Using a Spreadsheet or App
To stay organised, create a spreadsheet or use a property tracking app to record details about each property on your shortlist. Include information such as the address, price, number of bedrooms and bathrooms, key features, and your initial impressions. This will make it easier to compare properties after your visits.
3. Organising Your Viewing Schedule
Efficiently organising your viewing schedule is crucial for making the most of your time. Open homes are typically held on weekends, so careful planning is essential.
Checking Open Home Times
Open home times are usually listed on the real estate portals and agent websites. Double-check the times before you head out, as they can sometimes change at the last minute. Also, be aware that some properties may require you to register your attendance in advance.
Mapping Your Route
Plan your route in advance to minimise travel time between properties. Use a mapping app like Google Maps or Apple Maps to determine the best route and estimate travel times. Factor in potential traffic delays, especially during peak hours.
Allowing Sufficient Time for Each Visit
Don't rush your visits. Allow yourself ample time to thoroughly inspect each property and ask the agent any questions you may have. Aim to spend at least 20-30 minutes at each open home.
Grouping Properties by Location
To minimise travel time, group properties by location. Visit properties in the same suburb or nearby suburbs in a logical sequence. This will help you avoid unnecessary backtracking and make the most of your day.
4. Preparing Questions to Ask
Open homes provide an opportunity to gather valuable information about the property and the surrounding area. Prepare a list of questions to ask the agent to ensure you get all the information you need.
Questions About the Property
How long has the property been on the market?
What is the vendor's reason for selling?
Are there any known issues with the property (e.g., structural problems, pest infestations)?
What are the council rates and strata fees (if applicable)?
What fixtures and fittings are included in the sale?
Have there been any recent renovations or improvements?
Questions About the Sale Process
What is the vendor's preferred settlement period?
Are there any special conditions of sale?
What is the expected price range?
How many offers have been received so far?
What is the best way to submit an offer?
Questions About the Area
What are the local schools like?
What are the public transport options?
Are there any planned developments in the area?
What is the neighbourhood like?
5. What to Look for During the Visit
When you're inside the open home, pay close attention to the property's condition, layout, and features. Don't be afraid to open cupboards, check taps, and generally inspect the property thoroughly.
Assessing the Property's Condition
Structural Integrity: Look for signs of structural problems, such as cracks in the walls or ceilings, uneven floors, or dampness.
Fixtures and Fittings: Check the condition of the fixtures and fittings, such as taps, toilets, appliances, and light fittings.
Pest Control: Look for signs of pests, such as termites or rodents.
Overall Cleanliness: Is the property clean and well-maintained? Poor presentation can be a sign of neglect.
Evaluating the Layout and Flow
Does the layout suit your lifestyle? Is there enough space for your needs?
Is the flow of the property logical and functional?
Are the rooms well-proportioned and adequately lit?
Is there sufficient storage space?
Considering the External Features
Garden: Is the garden well-maintained and suitable for your needs?
Outdoor Areas: Are there any outdoor entertaining areas, such as a patio or deck?
Parking: Is there adequate parking for your vehicles?
- Street Appeal: Does the property have good street appeal?
6. Post-Visit Evaluation and Follow-up
After each open home visit, take some time to evaluate the property and record your thoughts. This will help you make informed decisions and avoid impulse purchases.
Recording Your Impressions
Use your spreadsheet or property tracking app to record your impressions of each property. Note the pros and cons, your overall rating, and any specific concerns you may have. Be honest with yourself – don't let emotions cloud your judgment.
Comparing Properties
Once you've visited several properties, compare them side-by-side. Identify the properties that best meet your needs and wants, and eliminate those that don't. Consider what we offer to help you with this comparison process.
Following Up with the Agent
If you're interested in a property, follow up with the agent to express your interest and ask any further questions you may have. This will also give you an opportunity to build a rapport with the agent, which could be beneficial if you decide to make an offer. If you have frequently asked questions, now is a good time to ask them.
Conducting Further Due Diligence
Before making an offer, conduct further due diligence, such as obtaining a building and pest inspection report and reviewing the contract of sale. This will help you identify any potential issues and make an informed decision. Remember, buying a property is a significant investment, so it's essential to do your homework.
By following these steps, you can plan your open home visits effectively and increase your chances of finding the perfect property. Good luck with your property search!