Avoiding Bad Investment Properties

More and more people in Australia are turning to real estate investments in lieu of the tumultuous stock market. There are many excellent opportunities for making money in real estate around the country. However, choosing a bad investment property can actually end up costing you money in the long run.

Watch Out For Flood Plains -

All too often, excellent deals can materialise for property that looks amazing; the low asking price lures you in, and you only discover once the deal is sealed that it sits on a flood plain. As time progresses, you will be subject to the high cost of repairing flood damage to your investment property. In fact, any money you stood to make on it will likely go into repairing it. Avoid properties near swampland or on an area that borders a river, pond or other questionable body of water.

Have A Thorough Inspection Conducted -

A great deal of people are not aware of the importance of having their investment property checked out for pests. Nothing can put a damper on a seemingly lucrative investment opportunity like the presence of termites or other destructive, annoying pests. Before the deal goes through, have a reputable pest control company come out and closely examine the premises; otherwise, you may end up with an investment in pest control supplies rather than real estate.

Watch Out For "Rising Damp" -

One of the most insidious potential problems that can occur in an investment property is known as "rising damp"; this is where the ground water that the house sits on rises up into the structure vertically. It compromises the structural integrity of the building and can lead to major repair bills down the road. Often, rising damp can be identified by simply trying to apply coats of paint to a home's walls. If rising damp is present, the paint won't seem to want to "stick." Plaster walls will feel spongy and will flake easily. Closely check out each room and avoid investment properties that exhibit signs of rising damp, or you will end up with much more than you bargained for.


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There are, unquestionably, many great opportunities in Brisbane conveyancing, Gold Coast conveyancing and other parts of Australia as well. However, there are just as many chances for making major mistakes. Avoiding bad real estate deals is easier to do when you know what to look for and are using professional advisors like Charter Conveyancing (http://www.charterconveyancing.com).


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