I was reading this article recently that was on marketwatch.com about how being a nosy neighbor and going to open houses near your home can help you out in the long run.
I immediately thought of my mother in law in New Jersey who recently admitted attending a party so she could “see what they’ve done to the house” and hits almost every open house in her neighborhood. My husband and I sort of laughed at her fondly for that. But after reading this article, she’s a smart cookie apparently.
According to the article, attending nearby open houses is smart if you’re putting your home on the market soon, but also smart if you’re planning on staying for awhile. The article points out that those homes are going to be your home’s competition.
Take a look at what has and hasn’t been upgraded and make comparisons to your own home and be aware of where your home “falls short.” Their upgrades may help you prioritize your own. You should also be aware of not over improving your home, though because you want to make sure you get a good return on your investment. Seeing what your neighbors are doing can help you make those decisions.
As for the reason my mother in law goes- to see the furnishings and layouts in spaces that are similar to yours- that’s a good thing to see to0. You can possibly steal some decorating ideas.
Another benefit of attending those local open houses- meet the real estate agents and start forging a relationship early so when the time does come to sell, you’ll have someone to work with you are comfortable with and who you know is familiar with your market.
Many people don’t realize that your local real estate agents love to chat with you- even if you are not selling or buying a home right now or in the near future. Your local agent is a font of information. They work with area vendors everyday and have great recommendations for- minor repairs, plumbers, HVAC repair, painters, decorators, lawn care, irrigation systems, cleaners, pressure washers, you name it, they probably know a reputable, trustworthy person to refer you to.
So what are you waiting for? Before or after taking in a Spoleto event, go visit some local open houses, be inspired and start a new relationship with your local real estate agent.