There are over 1.8 million homes in Melbourne, as of the 2016 census. When house hunting, there could be thousands that fit your requirements and dozens you want to check out. To narrow the field and make your life easier we’ve put together seven tips on hunting for Melbourne properties and navigating open homes.
1. Make a list of must-haves and wants
Sit down and think about what you absolutely must have and what you want but could go without. Bring a separate list to every open home and mark off what each property brings to the table. These could include must haves like an open floor plan, plenty of storage space, a certain number of bedrooms or a fully fenced garden for the pets.
2. Get your finance preapproved
Before you attend a single open home get your finance pre-approved. This will give you a clear idea of what price range you can afford and help avoid disappointment down the track.
3. Arrange open homes on the same days
While it may be exhausting, it’s usually best to see your favourite homes on the same day if possible. That way each property will be clear in your mind and it’ll be easier to make a decision.
Pay close attention to sounds, smells and sights when you attend an open home.
4. Take notes and compare
Make sure you’re paying close attention to sounds, smells and sights when you attend an open home. Smell for dampness, look for mould and cracks in the wall and listen for traffic noise or loud neighbours.
Take notes of what you notice, as well as what you do or don’t like about the property.
5. Experience the area
A home is more than four walls and what’s inside them – the neighbourhood is just as important. If you’ve found a Melbourne property you like, spend a little time at the local parks and check out the restaurants and bars in the area.
6. Do your due diligence
Always do your due diligence before making an offer, or make your offer conditional to due diligence. That means you need to conduct a building report, pest inspection and strata inspection as well as checking the zoning of the property and neighbouring blocks.
7. Have a real estate agent on your side
When you’re buying a Melbourne home it’s always a great idea to have a real estate agent on your side. The right agent will know the area and the market, as well as having inside knowledge on what properties are available.
For some friendly local advice and to make your house hunt easier, get in touch with the team at your local Brad Teal office today.