Articles

November 27, 2024

The Ultimate Real Estate Checklist for Touring Homes

Kam Photo

Kameron Kang, CEO of homebuyerwallet.com

Real Estate Checklist
Real Estate Checklist
Real Estate Checklist

For many people, buying a home is the biggest financial investment they’ll make. House tours are a critical step in this journey, allowing buyers to evaluate potential homes, assess their suitability, and imagine themselves living there. However, it’s easy to get distracted by attractive staging or charming features and overlook potential deal-breakers or hidden issues. 

By using a comprehensive real estate checklist, you can ensure you evaluate every aspect of the property, from structural integrity to neighborhood conditions. This guide will help you approach each tour clearly and confidently, empowering you to make informed decisions. 

 Before the Tour: Set Yourself Up for Success with a Real Estate Cheklist

  1. Research the Property Online

Do your homework before stepping foot in a home. Carefully review the online listing to gain preliminary insights. 

  • Study the listing description to identify key features, such as the number of bedrooms and bathrooms, square footage, and lot size. 
  • Look at photos and videos to spot potential red flags, such as outdated features or poorly maintained areas. 
  • Review the floor plan, if available, to assess the layout and see if it suits your needs. 
  1. Clarify Your Priorities

Understanding your needs and wants is crucial before starting your search. Make a list of “must-haves” (non-negotiables) and “nice-to-haves” (bonus features you’d like but can live without). 

  • Examples of must-haves: A specific number of bedrooms, proximity to work or schools, or a garage. 
  • Examples of nice-to-haves: A walk-in closet, an open-concept kitchen, or a pool. 
  1. Assemble Your Toolkit

Bring the right tools to evaluate each home thoroughly: 

  • Notebook or checklist to jot down observations. 
  • Camera or smartphone to take photos or videos (with the seller’s permission). 
  • Measuring tape to confirm room sizes and ensure your furniture will fit. 
  • Flashlight for dimly lit areas like basements or attics. 
  • Phone apps for quick access to information like nearby amenities, school ratings, or crime reports. 

 During the Tour: Evaluate with a Critical Eye 

When touring homes, you’ll need to balance your emotional response with a practical assessment. Here’s how to systematically evaluate each aspect of the property: 

 Exterior of the Home 

The exterior sets the first impression, but it also reveals a lot about the property’s condition. 

1. Curb Appeal 

  • Is the home visually appealing from the street? 
  • Are the landscaping and yard well-maintained? 
  • Do the driveway and walkway look clean and free of cracks or weeds? 

2. Roof and Gutters 

  • Check for missing, curling, or damaged shingles. 
  • Look for sagging areas that could indicate structural issues. 
  • Ensure gutters and downspouts are intact and free of debris. 

3. Foundation and Walls 

  • Inspect for visible cracks, uneven settling, or water stains. 
  • Check for peeling paint, damaged siding, or other signs of neglect. 

4. Outdoor Features 

  • Is the yard size adequate for your needs? 
  • Are fences, patios, or decks in good condition? 
  • Check for proper drainage to avoid water pooling near the home. 

 Interior of the Home 

Once inside, evaluate the layout, condition, and overall functionality. 

1. Entryway 

  • Is the front door secure, sturdy, and well-insulated? 
  • Are there any visible drafts or weather damage? 

2. Living Areas 

  • Assess the natural light in living spaces. 
  • Look for cracks in walls, uneven floors, or water stains on ceilings. 
  • Test outlets, light switches, and ceiling fans to ensure functionality. 

3. Kitchen 

  • Are the countertops and cabinets in good condition? 
  • Open drawers and cabinets to check for wear or pests. 
  • Test the water pressure in the sink and ensure appliances are functional. 

4. Bathrooms 

  • Check for mold or mildew around sinks, tubs, and showers. 
  • Run the water to check pressure, temperature, and drainage. 
  • Inspect tiles and grout for cracks or missing sections. 

 Structural Integrity 

A home’s major systems determine its functionality and long-term value. 

1. HVAC System 

  • Ask about the system’s age and maintenance history. 
  • Check vents and ductwork for cleanliness and condition. 

2. Electrical System 

  • Inspect the electrical panel for signs of updates or issues. 
  • Test light switches and outlets throughout the home. 

3. Plumbing 

  • Look for leaks under sinks or near the water heater. 
  • Ensure toilets flush properly and faucets have steady water pressure. 

4. Windows and Doors 

  • Open and close windows and doors to check for ease of use. 
  • Look for drafts or damaged seals.

Neighborhood and Surroundings 

The location of a home is just as important as the home itself. 

1. Safety and Security 

  • Observe the neighborhood for streetlights, sidewalks, and visible security measures. 
  • Research crime statistics for the area. 

2. Proximity to Essentials 

  • Is the home close to schools, grocery stores, and healthcare facilities? 
  • How long is the commute to your workplace? 

3. Noise Levels 

  • Visit the area at different times of the day to gauge noise from traffic, neighbors, or nearby businesses. 

 After the Tour: Reflect and Review 

  1. Organize Your Notes

After each tour, review your checklist and rank the home based on your priorities. Was it a good fit for your needs? 

  1. Review Photos and Measurements

Compare photos and measurements to confirm whether the home will suit your lifestyle and furniture. 

  1. Ask Follow-Up Questions
  • When were major systems (roof, HVAC, plumbing) last updated? 
  • Are there warranties for appliances or repairs? 
  • What are the average utility costs? 
  1. Evaluate the Resale Value

Consider the property’s potential resale value. Is the home located in an area with strong market demand? 

Tips for Touring Multiple Homes 

  • Limit tours to 3-5 homes per day to avoid decision fatigue. 
  • Compare homes side by side using your notes and photos. 
  • Stay objective and don’t let cosmetic features overshadow fundamental issues. 

Touring homes is an exciting part of the buying process, but it’s also a critical opportunity to ensure you’re making a sound investment. By using this comprehensive checklist, you can objectively assess each property, focus on the details that matter most, and feel confident in your decision. 

Remember, buying a home is not just about finding a beautiful space—it’s about choosing a place that fits your budget, lifestyle, and long-term goals. With careful preparation and an eye for detail, you’ll be one step closer to finding the perfect home. 

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