Dear Fellow Property Investor,
Would you like to know exactly what work is needed to your investment or refurb property BEFORE you buy it?
Perhaps you’d like to know exactly how much it will cost to bring a property up to repair BEFORE you make an offer on it?
Or perhaps you’d like to buy a property confident in the knowledge that it hasn’t got structural problems that will make it an unmortgageable ‘money pit’, or a ‘black hole’ that will cost you a fortune to bring it up to scratch.
Wouldn’t it make sense to know what you are buying, what work is needed, and the likely cost, before you even ring the estate agent with an offer?
Would it give you a significant, almost ‘unfair’, advantage at an auction if you know what’s wrong with the property you are bidding on and how much it’ll cost to repair?
Wouldn’t it be fantastic to be able to eliminate a totally unsuitable property without having to pay several hundred pounds to be told by a surveyor what you could have worked out for yourself, if only you’d known how.
The answer to all of these questions is “yes”, but I’m often surprised how even experienced investors know very little about common defects in investment property, and even less about what those defects mean financially.
Have you ever had the frustration of inspecting a property you want to buy, of then starting to arrange finance with the bank and pay over a valuation fee, of then instructing your solicitor to start on the searches, only to have to pull out when your surveyor tells you a couple a weeks later that there’s more work to be done than you first thought? All because you missed spotting some common defects which, if you’d only known how, you could have spotted for yourself?
Or perhaps you’ve spent months trying to find properties to do up, but you’ve always found it difficult to commit to buy when you aren’t entirely sure what needs to be done?
Or perhaps you’ve just felt frustrated when you’ve inspected a property because you can see that there are items of disrepair, but you’re not quite sure what it means – is it a serious defect or not? Because you don’t know, you decide to play it safe and pull out, but you’re left wondering if perhaps it wasn’t as bad as it looked and you might have missed a bargain, again.
“If only I knew more about buildings and defects”, you think to yourself, “I could have made a proper decision. Now I don’t know if I’ve just walked away from a great deal”.
If you are serious about investing in property, especially properties needing a refurb, you need a tool which will help you cut through the fog and help you make those important decisions earlier, BEFORE you waste time and money.
That’s why I have written “63 Common Defects in Investment Property and How to Spot Them”.
This is a full resource for anyone seriously considering purchasing investment properties and renovation projects and who wants some quick hints and tips on what to look for, so that you know what you are buying, and how much it is going to cost you.
But why should you listen to me?
Great question. I’m Peter Jones, Chartered Surveyor, author and property investor and I’ve been in property for over 35 years, and for the last 20 years I’ve been investing on my own behalf and putting together my own portfolio of buy to let investment properties.
As a Chartered Surveyor, and as an investor in my own right, I’ve been on both sides of the fence – I’ve undertaken numerous surveys and valuations for banks and buyers; and I’ve bought investment properties and renovation projects for myself. I’ve renovated over 100 properties.
Many properties have similar or even identical defects, often in the same place – but if you don’t know they are there you might not spot them.
For example, send me around to a Victorian or Edwardian terraced house in the northern town where I usually invest, and I’ll probably be able to make a list of most of the defects, and where to find them, even before I get there.
I’ve learned that because of the way houses have been designed and built down the ages, they often have predictable problems which are easy to spot IF you know how they put together and where to look.
And I’m not saying this to boast – there’s nothing clever about me.
But what I do have is years of practice and experience.
And now I want to share my practice and experience with you, so you can save real time and real money, and concentrate on buying the deals that make sense for you.
In “63 Common Defects in Investment Property and How to Spot Them” I will show you:
- How to undertake a logical and progressive inspection of any property to minimise the chances of missing any problems (even hidden ones)
- How to spot the 63 most common defects in investment property, and a whole host of other defects besides
- The four “golden rules” of inspecting properties and why they can save you a load of trouble in the future
- How to “follow the trail” – why there are usually clues for different types of defects and how to follow the clues until you get to the cause – when you know the cause you can make a far more accurate assessment of how much it will cost to remedy
- Why to start outside the property and what to look for- this is counter intuitive. Most people ring on the front door bell and go inside first. That’s the WRONG way to do it.
- Why you should “work your way down” from the top and what to look for – again, most people do this wrong, they start downstairs and work up – and that’s why they miss what is really happening with the structure of the property
- “The good crack guide” and what cracks could mean – not all cracks are ‘dangerous’ or structural, but not all innocent looking cracks are harmless – let me show you how to spot the difference
- How to devise your own short hand so you can make quick, and decipherable notes. The key is to be able to read and understand them when you get home!
- One I did earlier – my sample inspection, and how to use my inspection pro forma
- Click through links to useful property information
- And much, much more.
In “63 common defects in investment property and how to spot them” I show you the main construction elements of investment property, and the defects that commonly affect them.
And I’ve liberally used photographs as well so you can see real life examples.
But Beware! It will NOT make you an instant expert…
Now I have to say, that “63 common defects in investment property and how to spot them” will not do away with the need for you to have a structural survey. Let’s be realistic, reading this book will not make you an instant expert overnight. (If you decide to proceed with a purchase, you must always take qualified advice from your surveyor and other advisors; this book is not a substitute for professional advice).
…but it will help you make much more informed decisions
and it will help you to make more informed decisions more quickly and easily. It will help you to concentrate on those properties which more realistically fit your buying criteria. You can instruct your mortgage broker, solicitor and surveyor knowing this is a property worth pursuing.
A Fantastic Reference Tool
And it’s not a dry dusty text book – it is packed with photos of real defects, and contains “click and go” internet links to web sites of special interest. It’s a tool you’ll be able to refer back to time and time again.
So Order your copy now!
“63 common defects in investment property and how to spot them” is available as an eBook, to download and to read on your phone, tablet or PC now, for only £29.97.
Or it’s available in hard copy, as a manual in a 4-ring binder, for only £49.97 inc p&p.
So click the ‘Order Now’ button to receive your copy and to gain an ‘unfair advantage’ and an invaluable reference tool.