Jul 27, 2023
Cracks in the render? Dampness in the walls? Our latest episode reveals the importance of hiring skilled professionals for property inspections. Don't make costly mistakes like I did! Tune in to unlock valuable insights and protect your investments.
Welcome back to another thought-provoking episode of A Wealthy Life! In today's episode, "What Don't You Know About Property [Part 2]," I dive deeper into the world of property investment and explore some crucial aspects that can make or break your real estate endeavours.
I start by emphasising the importance of hiring professionals to conduct thorough inspections, particularly for dampness in buildings. From specialised tools to expert techniques, these professionals provide accurate reports that can save you from potential headaches down the line.
Drawing from personal experience, I share a story of an unsatisfactory structural survey. Despite spending a significant amount of money, the information provided was deemed irrelevant, inaccurate, and not a true reflection of the property's condition. This highlights the crucial role of experience and expertise in conducting such assessments.
As the episode unfolds, I’ll uncover the challenges of identifying and addressing structural problems in properties being sold. From attending auctions to striking up conversations with fellow buyers, I’ll offer valuable insights on how to navigate the buying process effectively.
We also explore the world of valuations, where I’ll explain how estate agents may overvalue properties to appeal to sellers. By understanding the nuances of property valuations, you'll gain insight into the true worth of a property and avoid falling into potential traps.
But it doesn't end there! I’ll delve into the different approaches to buying houses before and after the pandemic, share stories of spotting problems in properties, and stress the importance of balancing the cost and usefulness of a full structural survey.
Join us as we uncover the secrets of property investment, learn from my experiences, and gain invaluable knowledge that can help shape your own path to a truly #WealthyLife. Whether you're a seasoned investor or just starting out, there's something for everyone in this episode!
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Highlights from this episode:
[00:05:52] – Valuations Explained
[00:13:46] – Is it Really A Simple Crack?
[00:16:49] – Why It’s Important to Use a Trusted Team
[00:20:40] – Tales From the Property Journey: A Tree Grows In Here
[00:22:20] – An Opportunity to Learn Property Investing
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you? Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast? The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
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Booking calendar - https://calendly.com/vickiwusche
Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style
Or read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them