Having managed thousands of houses in Auckland, our property managers have seen everything. We believe there are few things that would surprise any experienced property managers that happen in or to properties.
In the current stage of the property boom, almost every listed property is going for auction resulting in many buyers not having the opportunity to conduct proper building inspections.
It may not be necessary for experienced investors not to do building inspections, and the main reasons could be:
- Strong financial position to hedge any risks;
- Have enough experience to judge whether the house will have potential major problems.
However, for first-time property investors who lack experience in general, buying a problematic property can be financially crippling.
With this issue in mind, we invited David Wang, a senior property and building inspector from David Property Inspections Ltd , to share with us what to look out for when buying an investment property. [Continue Reading]