You crunched the numbers, determined your ‘must-haves’ and even bought some of those big mountable letters for the kitchen that spell ‘EAT’ — yup, you’re ready to buy a home. It’s an exciting time, but with so many considerations to be made it can also be overwhelming; there’s a lot to consider when touring homes. Take a deep breath, friend — Offerpad is here to help!
Check out a list of some important considerations you’ll want to make during your next tour…
1. Where is the home located?
- Centrality — How close you are to the hot spots in the city
- Neighborhood — The look and feel of the neighboring homes
- Development — Future plans for commercial development/infrastructure around the property
- Lot location — How desirable the lot location is in (located in a cul de sac versus a busy road)
- Lot size — Lots generally maintain/increase in value over time; larger lots build you additional equity
The more boxes the property checks above generally drives up the demand for that area, driving up the price for that individual home. A ‘good’ location may not be the right fit when you factor in budget constraints — determine how much you’re willing to compromise in this area before you start shopping.
Of course, what makes a location desirable is oftentimes unique to your situation; for instance, think long and hard about how the location may affect your regular commute. According to Inc.com, even just adding 20 minutes to your commute has the same negative effect on job satisfaction as receiving a 19% pay cut.
The rule of thumb: the more desirable the location, the higher the home’s asking price — be prepared to compromise on location but not at the expense of your own happiness.”
2. Is the home layout right for you?
Pay special attention to room sizes when looking at potential homes. That spare bedroom may be the perfect size for you. A good home layout gives you what you need with a little bit of flexibility for growth as your lifestyle changes.
Visit wikiHow for more help on choosing a home layout.
3. How does the kitchen feel?
According to the United States Department of Agriculture, Americans spend 37 minutes a day in the kitchen — make sure it’s a place you want to be.
4. How’s the plumbing/electrical?
Check the bathrooms and see what sort of amenities are currently in place; if you’re moving in with a partner, you may want to ensure the master bathroom includes things like a double vanity and sink. You may want these amenities in place if you don’t have the stomach for a big renovation project.
Be sure to ask a lot of questions about the home’s electrical. If the home has air conditioning, how old is the system? If you have a phone charger with you, check the outlets throughout the home — do they all work? Take time to investigate the light switches — what do they control and do they all work? Does everything seem to be in working order? Make a note of anything you’re not sure about. A little bit of investigating can save yourself (and your bank account) some future heartache.
5. How much storage space does it offer?
When touring homes, consider things like garage space and closet space in bedrooms. Is there enough room to store your treasure trove of power tools? Is there enough space for your sneaker collection? Yards that have enough space for sheds can only be a major bonus.
6. How big is the yard space?
Keep in mind, it’s relatively inexpensive to renovate your backyard — unlike the home’s interior layout, you have a lot of wiggle room. You don’t necessarily need to shy away from a big yard — you can ultimately convert the space into something more low maintenance down the road.
Self-tour with Offerpad’s Instant Access
We make it easy to find your next home with Instant Access. You can visit hundreds of different Offerpad homes in your area between 6 AM and 11 PM (local time) — Monday through Sunday.
Your safety is important to us when self-touring! Always use common sense and avoid touring a property alone whenever possible. We recommend you research the surrounding area and neighborhood ahead of your visit, keep your cell phone handy, and make sure to secure parking in a well-lit spot. For more safety tips, please check out our post on Safety Tips for Self-Touring Homes.
Ready to schedule a self-tour? Just download our app and follow the easy instructions to get started!