Getting a firsthand look at a property before bidding is an essential part of preparing for an auction. When you take the time to view auction property in person, you can spot potential issues, evaluate its true condition, and decide whether it fits your investment strategy. In this article, you'll learn practical steps and expert tips on arranging viewings before an auction. We'll also provide you with a handy property auction viewing checklist to ensure you cover all the important details.

 

The Importance of Pre-Auction Property Viewings

Before bidding, seeing a property up close is invaluable. While legal packs and photos offer useful information, nothing beats visiting the property to experience its atmosphere, condition, and surroundings. A well-planned viewing can help you:

• Identify Hidden Flaws:
  Discover issues like structural problems, outdated systems, or maintenance concerns that might not be evident from documents alone.
   
• Assess the Location and Neighbourhood:
  Evaluate the local area, access to amenities, and overall appeal. The neighbourhood can significantly influence the property’s long-term value.
   
• Confirm the Property’s Fit:
  Determine if the property meets your personal or investment criteria. Whether you’re a first-time buyer or an investor looking to buy let, the viewing process provides essential clarity.
   
• Plan for Renovations:
  See what improvements might be needed. This helps in calculating potential costs and return on investment.
   

If you're interested in a detailed Property Viewing Checklist, it’s a great resource to keep you organised and ensure nothing is overlooked.

 

Preparing for the Viewing

Proper preparation is key to making the most of your time when you view auction properties. Here are several steps to consider before you set up your viewing appointments.

1. Research the Property

Before arranging a viewing, gather as much information as possible from the auction listing and legal pack. Take note of:

• Property Details:
  Look at the floor plans, photographs, and any written descriptions. Note any areas where the images or description raise questions.
   
• Legal Documents:
  Read through the legal pack to understand the property's legal status, title details, and any planning permissions or restrictions. This background work helps you formulate specific questions for your viewing.
   
• Neighbourhood Information:
  Research the local area, including amenities, transport links, and recent market trends.
   

This initial research sets the stage for a more focused and productive viewing, as you’ll have a baseline of what to expect and what to look out for.

2. Set Up Appointments

Contact the auction house or the property seller to arrange a viewing appointment. Given that auction properties are often in high demand, it’s advisable to schedule your viewing as early as possible.

• Be Clear on Timing:
  Ensure you know the exact time and duration allocated for your viewing. This helps you plan your visit efficiently.
   
• Confirm Viewing Conditions:
  Some properties may only be available to view on specific days or during limited time windows. Confirm these details ahead of time.
   
• Follow Up:
  A quick follow-up call or email to confirm the appointment is good practice, as it helps avoid any last-minute changes or cancellations.
   

For more insights on what to expect during the auction process, check out the How Property Auctions Work page.

3. Use a Property Auction Viewing Checklist

A property auction viewing checklist is a valuable tool to ensure you cover every aspect during your visit. Your checklist should include:

• Exterior and Surroundings:
  Evaluate the condition of the building’s façade, roof, garden, and parking facilities. Consider the overall impression of the neighbourhood and street appeal.
   
• Interior Condition:
  Inspect the walls, floors, ceilings, and windows for signs of damage or wear. Note any areas that require immediate attention or future renovation.
   
• Systems and Installations:
  Check the condition of plumbing, heating, electrical systems, and appliances. Test fixtures where possible to assess functionality.
   
• Structural Integrity:
  Look for cracks, damp, or other signs of structural issues. If anything seems off, consider scheduling a follow-up with a professional surveyor.
   
• Additional Features:
  Assess the storage space, natural lighting, and layout efficiency. Think about how the space could be used or modified to suit your needs.
   

Using a detailed checklist not only ensures you cover all bases but also makes it easier to compare different properties later on.

 

Conducting the Viewing

When the day arrives, focus on gathering as much information as possible. Here’s how to make your viewing as effective as possible.

1. Arrive Prepared

Bring your property auction viewing checklist, a notepad or digital device for taking photos and notes, and any questions you have prepared in advance.

• Dress Comfortably:
  You might need to move around and inspect various areas, so wear comfortable shoes and clothing.
   
• Bring a Friend or Advisor:
  A second opinion can be invaluable. Another person might notice something you missed, whether it’s a minor defect or a promising feature.
   

2. Take a Systematic Approach

Follow your checklist step-by-step to ensure you cover every aspect of the property.

• Exterior Inspection:
  Start with the outside. Walk around the property to gauge the condition of the building, the garden, and any outbuildings. Consider the local environment and accessibility.
   
• Interior Tour:
  When inside, move from room to room. Check for natural light, ventilation, and overall condition. Open cupboards and inspect less obvious areas, like under sinks or in utility rooms, for any signs of damage.
   
• Evaluate Potential Issues:
  If you encounter problems like damp, structural cracks, or outdated systems, make detailed notes and take clear photos. This information is critical when assessing potential renovation costs.
   
• Ask Questions:
  Don’t hesitate to ask the seller or auction representative for clarification. Inquire about the age of major systems (e.g., the boiler, roof), recent maintenance, and any known issues.
   

3. Consider the Bigger Picture

While individual defects are important, also assess how the property fits into your overall investment or living strategy.

• Suitability for Your Needs:
  Consider whether the layout, location, and condition align with your goals—whether you plan to live in the property, rent it out as a buy let, or renovate for resale.
   
• Future Potential:
  Think about the potential for improvements. A property that might need some work could offer significant upside if renovations can boost its value. The Benefits of Buying at Auction resource on UK Auction List explains how strategic improvements can add value over time.
   
• Neighbourhood and Community:
  Evaluate the local area’s vibe and future prospects. Talk to neighbours if possible, and check for any upcoming developments that could affect the property’s value.
   

 

Post-Viewing: Organising Your Findings

After your viewing, take time to review and organise the information you’ve collected. This step is crucial in determining whether the property is worth bidding on.

1. Review Your Checklist and Notes

Go through your property auction viewing checklist and compare your observations. Highlight the strengths and weaknesses of the property.

• Identify Major Concerns:
  List any critical issues that could affect your budget or require immediate attention. Consider how these issues might impact your maximum bid.
   
• Evaluate the Overall Condition:
  Summarise your findings on the property’s condition, including the state of the structure, systems, and aesthetics. This will help you assess whether the property is a viable investment.
   

2. Consult with Experts

If any issues were noted during the viewing, consider arranging a follow-up appointment with a professional surveyor or advisor. Their expertise can provide a deeper understanding of any potential problems and help you estimate repair costs accurately.

• Get a Professional Opinion:
  Experts can validate your findings and offer insight into whether the issues are common for the area or unique to this property.
   
• Financial Impact:
  A professional assessment can help you calculate the true cost of necessary renovations, which is crucial for setting your bidding limit. More detailed guidance on financing and budgeting is available on the How to Finance a Property Bought at Auction page.
   

3. Compare with Other Properties

If you have multiple properties in mind, use your checklists and notes to compare their overall condition, potential, and costs. This comparison can help you prioritise which properties are most worth bidding on.

• Make an Informed Decision:
  Balancing the benefits and drawbacks of each property based on your viewings is key to developing a solid bidding strategy. Tools like spreadsheets can help you compare figures and potential ROI side by side.

 

Additional Resources and Internal Recommendations

For more detailed advice on preparing for property auctions, UK Auction List offers a wealth of resources and support:

• How to Buy Property at Auction:
  A step-by-step guide to navigating the auction process, from initial research to finalising the purchase.
   
• Auction Day:
  Practical tips on managing the excitement and pace on the day of the auction.
   
• Prior to Auction:
  Essential advice on preparing your documentation and organising your research ahead of the event.
   
• Property Viewing Checklist:
  A detailed checklist to help you capture every important aspect during your viewings.
   
• Benefits of Buying at Auction:
  Discover the unique advantages of purchasing property through auctions, including potential cost savings and investment opportunities.
   
• First Time Buyer and Buy to Let:
  Resources tailored for different types of buyers to help you understand the auction process from various perspectives.
   

For those interested in selling property through auctions, take a look at our Benefits of Selling at Auction page and the Property Guide for Selling Property at Auction.

 

Final Thoughts

Arranging viewings before an auction is a critical step in ensuring that you make a well-informed investment decision. Taking the time to personally inspect the property not only allows you to verify the details provided in the legal pack but also gives you the opportunity to assess the true condition and potential of the property. By using a property auction viewing checklist, preparing thoroughly before the visit, and consulting with experts when needed, you can make your auction experience more predictable and reduce the risk of unpleasant surprises.

Whether you’re aiming to view auction property as a first-time buyer or as a seasoned investor, the insights you gain during your viewings are invaluable. They form the foundation of your bidding strategy, helping you set realistic budgets and avoid overpaying.

With the right preparation and a systematic approach, you can enter the auction room with confidence, knowing that every aspect of the property has been carefully considered. This diligence not only protects your investment but also sets you on the path to a successful auction outcome.

Wishing you smart decisions and successful bidding at your next auction. Happy viewing, and may your preparations lead to a rewarding investment journey!