63 Common Defects in Investment Property & How To Spot Them
This fantastic book should be on every property investor's "to read" list.
It could save you thousands by avoiding costly mistakes. It will also help you spot lucrative property investment opportunities.
Here's what Peter Parfait, editor of the acclaimed Property Auction News, has to say about it:
"I've loved reading this and learned a lot from it. May I recommend to you Peter Jones' excellent new publication entitled 63 Common Defects In Investment Property & How To Spot Them. Peter, author of the highly regarded and best-selling An Insider's Guide To Successful Property Investing, has just sent me through a copy of his new title, and fascinating reading it makes. It's one of those 'why on earth wasn't information like this available when I was starting out' type publications, because you can learn so much from its content and it instructs you on how to avoid making so many ghastly and costly errors in property investment - errors in purchasing and errors in renovation.
It's produced on a CD-ROM and has been a real labour of love for Peter, having taken months of research to complete. It contains a great many useful and instructive quality photographs and a multitude of click-and-go web links to sites of exceptional interest and value. Indeed, it really is a total resource on surveying for the property investor.
You will learn how to inspect a property in a logical and progressive manner and spot all the possible problems with any property you're considering purchasing, in particular the 63 most common defects that occur in residential investment property. It will give you a better insight into whether you need to budget big money to put a property right and you can use it as a valuable tool in order to determine whether you should proceed with any particular purchase.
From an initial inspection, there's advice on what equipment you will need when applying the 'Golden Rules' of inspecting a property, how to use the inspection pro forma that's provided and there's a sample inspection to guide you through. Follow on and learn what to look for on the outside of a property chimneys, roofs, rainwater systems, external walls, external joinery, services, outbuildings, boundaries, paths and driveways etc; What to look for on the inside of a property - roofs (internal ceilings), internal walls, windows, floors, fireplaces, joinery, kitchens & bathrooms and services. It just goes on and on and is seriously comprehensive. There are even blank inspection forms for your use time and time again, but I consider the best parts to be the visual examples of defects (subsidence, decay, slippage, fatigue, wet rot, dry rot, insect infestation etc) together with explanations of causes and remedies. It's information I would have given my eye teeth for when starting out in this game. Think of the money I would have saved!
All-in-all, a damn good read, an education in itself and a publication that, in my opinion, will save you thousands over the years, steer you clear of no-hope cases and towards bargain-priced gems. Thoroughly recommended. I can't praise it highly enough."
About the Author
Peter Jones, the author of the Workshop guide, is a surveyor with over 20 years experience in residential and commercial property, both in the private and public sectors. A highly successful investor in his own right, he also acts as a consultant, with a particular interest in the valuation, acquisition and disposal of investment properties.
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