Attending an open house is an exciting step in your home-buying journey. It’s your opportunity to explore a potential property, envision your future there, and gather important information to make a well-informed decision. However, you need to ask the right questions beyond admiring the layout and finishes. This blog outlines key aspects to consider during an open house, helping you assess whether the property fits you.
1. Why is the Property for Sale?
Understanding why a property is on the market can give you insight into the seller’s motivation and help you determine if there are any underlying concerns. While some homeowners sell due to lifestyle changes, others may be moving due to property-related issues.
Key questions to ask:
- Is the seller relocating for work or personal reasons?
- Has the property been on the market for a long time?
- Are there any concerns about the neighbourhood or surrounding area?
If the home has been listed for a while, it’s worth investigating why. A long listing period may indicate that buyers have spotted potential issues.
2. What is the Property’s History & Condition?
A home’s history can reveal potential maintenance issues or renovations that may impact its value and longevity. While cosmetic upgrades can enhance a home’s appearance, assessing structural integrity, plumbing, and electrical systems is crucial.
Consider asking:
- When was the last major renovation or repair completed?
- What is the age and condition of the roof, plumbing, and wiring?
- Has the property experienced any flooding, pest infestations, or structural issues?
Requesting a building inspection before purchase can provide additional peace of mind and uncover hidden defects.
3. What are the Running Costs & Hidden Expenses?
Beyond the purchase price, owning a home comes with ongoing costs. Understanding these expenses can help you budget effectively and avoid unexpected financial strain.
Ask about:
- Council rates & strata fees (if applicable).
- Average utility costs, including water, electricity & gas.
- Maintenance expenses for key systems like heating, cooling, and plumbing.
If the home is in a strata complex, check whether special levies have been issued in the past and if any major repairs are planned in the near future.
4. What is the Neighbourhood Like?
The location of a property plays a crucial role in your long-term satisfaction as a homeowner. A beautiful home in an unsuitable neighbourhood may not meet your lifestyle needs.
Things to consider:
- Noise levels, especially during peak hours.
- Proximity to schools, shops, transport, & medical facilities.
- Future developments that could impact property value or liveability.
If possible, visit the area at different times of the day to get a better sense of traffic, community activity, and general safety.
Find Your Dream Home with Us
At Harcourts Kingsberry, we aim to help home buyers navigate the property market confidently. If you’re looking for real estate for sale in Townsville or exploring houses for sale in Townsville, visit our open-for-inspection page to browse available properties.
Ready to find your dream home? Visit our Open for Inspection page to view upcoming open houses and available properties. For personalised assistance, feel free to contact us directly.