Buying property? Then this blog is for you!!

This blog helps the property buying community to more easily share strategies, stories and helpful tips. It is an open blog. Anyone can join, contribute and invite others to join.

If you would like to talk property, please contact us:
Office: 1300 911 576
Martyn Fleming: 0400 000 822
Guy Clarke: 0409 055 128
E: enquiries@morpheusproperty.com.au
W: www.morpheusproperty.com.au
_________________________________________________________________

30 May 2011

Walk the block and meet your neighbours!

As a buyers agency, we've developed a comprehensive checklist for inspecting properties. Our agents use this to ensure our clients get a comprehensive opinion and anything identified is brought to their attention.

As you can imagine, there is a wide array of topics covered on our checklist and if I were to brain-storm this with you, we'd have many items. Here's the last item on my list that I find invaluable and should be yours... "Go for a walk!"

That's right, go for a walk and meet your new neighbours. At this point, you will find out things you didn't know about the property, the mood in the neighbourhood and any potential misgivings about living there.

You see, you can (and should) do all your research and ensure the numbers are right. You should check to see that it has the right amount of space, shade, natural light, air-flow, fittings, etc. It should offer a good return on investment and be in a strong capital growth area (for our investors), ... whatever the property needs to meet your purchase objective.

However, when we buy a house, it's not the building and land we're really buying, it's a living experience. If that experience is made to feel like hell-on-earth due to high levels of friction in the neighbourhood, then it's unlikely to be a good deal.

After I've inspected a property inside and out, it's also part of my inspection routine to include a lap around the block. I introduce myself to the neighbours and politely ask them a few questions. It's amazing what they'll tell you!

During my walks over the years, I've heard many interesting stories:
- who has an Apprehended Violence Order (AVO) against who
- various types of neighbourhood conflict
- all sorts of questionably legal activities ("herb" gardens, frequently visiting customers of "herb" gardens, etc)
- what happens in the local park across the road
- the meddling retired lady, who visits everyone at least daily
- the rock band or Playstation enthusiasts, who practice until 3am most nights of the week
- how much people are paying as tenants
- planned (but not registered) renovation and development activity

Don't forget, this information is also highly relevant for property investors. Bad neighbourhoods will have an impact on your tenancy retention and ultimately, the return and value of your property.

About 10% of the time, this 'street intelligence' has resulted in us crossing a property off the list. Sometimes, it can reveal an opportunity you weren't aware of or give you the confidence that your new neighbours are likely to welcome you into the area. As an additional benefit, if you do buy the property, you'll already know some of your new neighbours!!

Happy hunting!

7 comments:

How To Buy Property Shares said...

Nice topics & article posted on blog. I like these tips. I have always wanted to know where all the yummy Vegan places were and now i can easily eat out at these place or order in! thanks so much! George offers hands free investing opportunities and teaching Commercial to Residential Conversion.

adham said...



شركة تنظيف بالطائف شركة الهدي افضل شركة نقل عفش بالطائف كذلك هى افضل شركة رش مبيدات بالطائف
شركه الهدى
شركة رش بالطائف
خدمات الطائف
شركة تنظيف بالطائف
شركة تنظيف فلل بالطائف
نظافه عامه بالطائف
شركة تنظيف منازل بالطائف

adham said...



شركة تنظيف شقق بالطائف
نقل عفش بالطائف
بالطائف شفط بيارات
تسليك مجارى بالطائف
تنظيف خزنات بالطائف
رش مبيدات بالطائف
نقل عفش بخميس مشيط
شركة عزل اسطح بالطائف

adham said...


ان اردت نقل عفش منزلك بالدمام ابيات الشرقية من اهم شركات نقل العفش بالدمام والخبر والجبيل والقطيف والاحساء
شركة المتحدة
شركة نقل عفش بنجران
شركة نقل عفش بخميس مشيط
شركة نقل عفش بالطائف
شركة نقل عفش بمكة
شركة نقل عفش بينبع
شركة نقل عفش بابها

adham said...


شركة نقل عفش بالرياض
شركة نقل عفش بجدة
شركة نقل عفش بالدمام
شركة نقل عفش بالمدينة المنورة
شركة نقل عفش ببريدة
شركة نقل عفش بالقصيم
شركة نقل عفش بتبوك

Elmnzel Cleaning said...


شركة نقل عفش بالطائف
شركة المنزل هى شركة نقل عفش بالطائف لدينا العمالة المدربة التى تقوم بخدمات نقل العفش وذلك بأستخدام السيارات المجهزة والاوناش والروافع التى تمكن من استكمال جميع خدماتنا فى نقل العفش والاثاث بأسعار رخيصة فى متناول الجميع .
نقل اثاث بالطائف
http://elmnzel.com/moving-furniture-taif/

Elmnzel Cleaning said...


شركة تخزين اثاث بالطائف
شركة المنزل هى شركة تخزين اثاث بالطائف لدينا العمالة المدربة التى تقوم التى تقوم بخدمات تخزين الاثاث بأستخدام اجود المستودعات واوسعها التى تكون خالية من الحشرات والقوارض ومؤمنة من السرقات والحريق ونحن شركة المنزل لدينا خدمات نقل العفش بالطائف نقدم جميع خدماتنا بأسعار رخيصة فى متناول الجميع .
نقل عفش بالطائف
http://elmnzel.com/moving-furniture-taif/