what to look for at an open house

Maximize Your Open Home Visits: What to Look for Beyond the Surface

Saturdays spent hopping from one open home to another can feel like a marathon. There’s an old saying: "Don’t judge a book by its cover," and this definitely applies to houses. After all, buying a home based solely on a quick glance through the front door isn’t wise. Open homes give you the chance to dig deeper—think of them as flipping through the pages of a book. Here’s how to make the most of your inspection.

Engage All Your Senses

Take in everything—smell, sight, sound, and feel. Pay attention to any unusual scents, like mustiness or dampness, which could indicate water damage. Look closely for hidden cracks or imperfections that might signal structural problems. And listen for odd sounds, like clattering pipes, which could point to plumbing issues.

Don’t Get Distracted by the Décor

Beautiful furnishings, fresh flowers, or the smell of cookies baking may make a house feel inviting, but remember, you're buying a home, not its decorations. Focus on the space itself—think about the layout, room sizes, and how the space will work for your lifestyle, rather than getting caught up in the superficial details.

Look Up and Around

Check the roof and ceilings for any signs of damage, leaks, or dampness. Roof repairs and water damage can be expensive and difficult to fix, so spotting them early can save you a lot of hassle down the track.

Evaluate the Kitchen and Bathroom

The kitchen and bathroom are the heart of the home. If these rooms aren’t to your liking, consider whether you can live with them as-is or if you’re ready for a renovation. Keep in mind that major renos can be pricey—starting at $10,000 each and increasing depending on the condition of the space. To get a better idea of potential costs, Realestate.com.au offers a handy renovation calculator.

Check Out the Neighborhood

Take some time to explore the area around the property, both during the day and at night. You might discover that a nearby airport creates noise when the weather’s bad, a bar turns into a late-night party spot, or a factory down the street produces unpleasant odors. If you have children, research the local schools and find out about crime rates in the area. Understanding your surroundings is key to making an informed decision.

Ask Questions

Don't hesitate to ask about utility costs—gas, electricity, and water. A house with large windows might be bright and airy, but it can also be drafty, leading to higher energy bills. Inquire about any past repairs or renovations as well, so you know what work has been done and what might still be needed.

Consider a Pre-Purchase Building and Pest Inspection

While it might seem like a no-brainer, many homebuyers skip this important step. A professional inspector can spot hidden issues—like structural damage or pest infestations—that might not be obvious to an untrained eye but could end up costing you big down the line. If you decide to proceed with a home despite some issues, knowing the extent of the problems can help you negotiate a better price.

Get Your Finances in Order

Before you even start attending open homes, it's a good idea to chat with us at Life Home Loans. We’ll help you understand how much you can borrow, and which type of loan is the best fit for you, ensuring you're financially prepared to make an offer when you find the right place.

Disclaimer: This article provides general information only and does not necessarily reflect the views of the publisher or supplier. Always seek professional advice from your financial advisor, broker, or accountant before making any investment decisions. Information is current as of publication date and may change thereafter.