Profitable Investment Concepts

Building inspections

Facebook
Twitter
LinkedIn

In even the most perfect property, you’ll find little details you’d like to fix or change when you move in.

In most homes, the flaws may be minor but before you buy a second hand property, it’s wise to have the building inspected for major maintenance problems, structural faults and pest infestations.

Building and pest inspection reports typically cost a few hundred dollars each up front but may alert you to problems that could cost thousands to repair in the long run.

If the property you want is up for auction, any reports will have to be done before the auction.

If you’re buying privately, you could make your offer conditional on obtaining inspection reports on terms satisfactory to you, so the inspections can be done between acceptance of your offer and exchange of the sale contract or during any cooling off period.

You might be able to use the information you gain from a building or pest inspection to negotiate a better price for the property or have the vendor rectify a problem so you don’t have to deal with it after you’ve purchased. In any case, it’s better to be forewarned of potential issues than to get a nasty surprise after you’ve moved in.

INSPECT IT YOURSELF

Before professional assessment, inspect the property yourself.

Even without professional training, you may be able to spot areas of concern. When you visit a property, consider whether it looks well-maintained. Look for warning signs that warrant further investigation such as cracked roof tiles, rusty gutters, damp patches on walls and ceilings, and cracks in the brickwork.

Sometimes owners will try to cover up problem areas by painting or wallpapering over them, or using quick fixes that won’t last in the long run. These may be difficult for the untrained eye to pick. A qualified building inspector will be better able to spot any deficiencies in the property.

PROFESSIONAL ASSESSMENT

Ask around for recommendations of a licensed builder, surveyor or architect to conduct the inspections. Otherwise you could find contact details through the Australian Institute of Building Surveyors, Master Builders Association, the Australian Institute of Architects, or a similar professional body. The report the inspector provides should comply with the Australian Standard for building inspections (AS 4349.1) and the inspector should have adequate professional indemnity insurance coverage.

The inspector should look for structural faults and damage to all accessible areas of the building as well as sheds, pergolas, fences and swimming pools.

Pest inspections may identify old or active termite damage, and evidence of other vermin such as mice or rats.

Quick tip: An inspector may not be able to access all areas of the property so they may not uncover all of a property’s flaws but they should be able to identify major defects.

More to explorer

3 Rich Uncles

The 3 (Very Rich) Uncles Who Are Ready to Help You Make Money With Investment Property The concept of the 3 Rich

3 Smart Ways

The 3 Ways You Can Reduce Financial Risk in Your Life… & Why We Recommend No. 3 the Most! A lot of

SMSF

In todays market place where cash is returning around 1.5{830d1043633127e1fb46cc80e8e725429e813d4a1f208e7acb534f94035a1f28}, managed funds are showing around 5{830d1043633127e1fb46cc80e8e725429e813d4a1f208e7acb534f94035a1f28} and leveraged property is returning between

Investor Research Eliminates

How Can Investment Research Eliminate the Guesswork & Help You Make the Right Decision? People who are looking for high growth property

OPINION

I’ve been an investor for more than 50 years now and house prices at a particular time are something I’ve never been

Planning for retirement

What is important to you in retirement? a). having a large asset base or b). having a consistent income stream. In order to

what our Clients say

My vision is to help people on their financial security and freedom journey.

Thanks for sharing all your creative wealth knowledge. So many different concepts and ideas to move forward.

Susan Ramsay-Close

Exceedingly exceptional hands-on strategies that can propel your wealth creation forward. Thank you Gordon for sharing your time, knowledge and expertise in such a sincere, down to earth manner.

David Close

Excellent, a very worth while weekend! Gained a book full of tips.

Alexandra Close

Fantastic, easy to understand weekend, heaps of information.

Mat Boyle

This was my third seminar and I have learnt a whole lot more this time because my appreciation of the subject has improved since my first seminar.

Lewis Beard

Very interesting weekend and learning experience over the weekend learnt a lot that I will use and take on.

Melissa Beard

Engaging, witty and insightful! A fantastic way to spend a weekend and learn.

Heather Jones

An excellent seminar! Gordon is a fountain of knowledge. The Q & A between Gordon and attendees of fast and real time deals is great. Excellent value seminar!

Geoffrey Close

Got us started in the right direction to plan for our retirement.

Noel Top

“Nice and refreshing to hear from a successful entrepreneur.”

Nhan Nguyen

“Gordon actually gets down into the details of how to invest in property, not just the theory.”

Amy Longworth

“Fascinating. Really opens your eyes up to what’s possible, and makes you want to learn more.”

Michelle Maloney

“Gordon’s knowledge on property is phenomenal. His information and sharing was worth many, many times the investment. Thanks Gordon.”

Terry Coultis

“Great for overall concepts and action steps to get going. Be prepared for Gordon to be straight with you. Either be prepared to go out there and start investing otherwise don’t bother coming.”

Carolyn Birchill

“ I am over the top ready to act now. It was much more than information – it was a total package of direction, inspiration and motivation to get started NOW! Thanks!!!”

Chris Probets

“We came with a positive attitude and we were not disappointed. There is so much to learn and so little information in the market place that it is refreshing to get the ‘good oil’.

Margaret Wakshore

“I will start on property investing tomorrow. Thanks for your help Gordy and thanks to the people who helped him get over here.”

Vince Walker

“Excellent nuts n bolts stuff – I feel more confident about cranking up my portfolio to achieve the goals I made years ago but had given up hope of achieving.”

Roz Chadwick

“Well worth the money and time – only wish I had done the course 30 years ago.”

Sue Sheppard

Gordon has a massive wealth of knowledge not just in property but how it works financially. His lessons can take away the pain of many years mistakes and get you into profitable property very quickly.”

Greg Quince

“Great ideas, which allowed me to retire from a job in under 2 years.”

Brett Fort

“Thanks Gordon! A great entertaining seminar full of relevant info to get us mentally set and ready to go. Definitely see you again.”

Dr Mick Kostadinovic

“It’s cut to the chase stuff. It’s real. He’s doing it and his students are doing it and they are making great returns.”

Peter Kingston

“How wonderful – Someone who really knows what they’re talking about and instils confidence and a belief that you can do it too!!!”

Vesna Kostadinovic

“With all the information and knowledge I have now gained from Gordon’s seminar today, I can’t wait to start investing, learning more about it and making my money work!”

Jenny Gesundheit

“Gordon’s insights into property are amazing. The many distinctions I got at the course will pay for the course many times over.”

Ruebe Taylor

“If you are serious about real estate investment you have to hear Gordon first. He has no vested interests and the stuff he teaches you is fantastic.”

Nikki Dawes

“Very exciting information on making money out of real estate. Easy to follow & practical for both the beginner and experienced in real estate investing.”

Stephen Nussio

“An excellent learning experience, the knowledge I have gained will be invaluable. It’s time for action.”

Andrew Best

“The most practical and impressive as well as the most informative, investment seminar I’ve been to.”

Nathan Roobottom

“I wish my wife came along. It’s going to be a long night after to tell her all about it when I get home.”

Richard McDonald

“Gordon Green is a wealth of information on Real Estate and financing. His seminar is great value for money and he gives 110{830d1043633127e1fb46cc80e8e725429e813d4a1f208e7acb534f94035a1f28}”

Graeme Foristal

“It’s a small price to pay for a day when it is educational and a good step towards achieving financial wealth.”

Margii Bogacki

“I found the seminar extremely interesting and my confidence in doing property deals has grown dramatically. Gordon is easy to listen to and is very genuine and informative. I’m looking forward to getting out and making a lot more deals.”

Nic Clark

“Everything I expected and more, excellent course, a must for any serious investor.”

Steve Shuttleworth

“Gordon’s stuff is powerful, learn it and use it, it works.”

Phil Brianni

“Learnt heaps, gave us heaps to think about and act on.”

Natalie Rasmussen

“If interested in property investing would recommend workshop to all. Information gained from course and course presenters experience is invaluable.”

Lisa Cranfield

"Changed my concept of ‘how to invest’ in property.”

Craig Clancy

“A weekend full of excellent practical teaching that realistically points out the pitfalls as well as the advantages of investing.”

Peter Hodges

“This sort of information is not available in books and comes form practical experience – thank you for sharing it with us in a logical manner.”

David Spears

“Well worth the time spent with Gordon, made us aware of how simple principles can create future worth.”

Geoff & Mariana Foley

“Clear concise knowledge for understanding how to grow your investment.”

Telford Louex

Very informative, I look forward to doing a workshop and learning more.”

Mark Roberts

Send for your free eBook
"CREATING GENERATIONAL WEALTH
THROUGH PROPERTY INVESTMENT"