When beginning your development, there are many of questions to ask. Will these trees play a factor in to my property development plans? Will the sewage or underground mines affect me progressing with my development?
If these are questions you are asking yourself it’s time to put in the work and do your due diligence. Always make sure to have a full report so you can make sure there will be no issues when breaking ground on your development. It’s better to know upfront what factors could play a role in your development and potentially walk away if they are not worth it versus going forward with a project that could cost you more than it’s worth.
In this week’s episode, we talk about physical problems you may encounter during property development and why it’s important to always do your due diligence. We dive into tips on navigating those physical problems, why the council are so different and how that could affect the development of your property. So if due diligence has been a topic weighing on your mind, this week’s episode is perfect for you!
Episode Highlights:
- What are the physical problems you may encounter with due diligence? [03:34]
- Why are the councils so different? [05:00]
- What is an arborist? [07:50]
- Due diligence around sewer pipes [09:23]
- How do you find out about building over sewer pipes? [12:26]
- What if you buy property and don’t know they have concrete underground? [18:14]
- What do you do if a property has asbestos? [20:30]
- What about underground mines? [24:20]
- Bob shares a story about a friend who was affected by not doing his due diligence.[27:56]
- The Importance of due diligence. [30:00]
- Looking to invest in a Property Mastermind Project? [30:40]
Resources:
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It has been a pleasure! And we look forward to seeing you in the future episodes!
