A building inspection provides you with optimal clarity about the condition of your property. While some defects are immediately apparent, there are certainly also hidden defects that go unnoticed. A building inspection reveals all defects.
Buying in your own neighborhood is certainly possible, but it's certainly not required. If you're considering buying in a different neighborhood, always visit the area yourself first, both during the day and in the evening. This will give you a good impression of the neighborhood's atmosphere and safety. If you don't feel comfortable, that's a sign you shouldn't buy there.
If you want to invest in multiple properties, you usually intend to rent them out. It's practical for you if the properties are located close to each other, so you don't have to travel long distances between them.
This sounds perfectly logical, but in practice, it often goes wrong. Real estate investors want to keep everything for renting out properties as cost-effective as possible. Therefore, they often draft their own lease agreements to avoid legal fees. This carries a significant risk, especially because you're unsure how well-founded the contract is legally. Choose a watertight lease agreement drawn up by a lawyer.
Are you starting to invest in real estate? You often start out enthusiastically. Avoid getting too excited and investing all your savings. As an investor, you are the property owner responsible for resolving any damage, for example. It's up to you to properly maintain a property. This comes with significant costs, which you'll need to use your own savings to cover.
It can be very tempting for a novice investor to go big right away. For example, some investors buy entire apartment complexes right away. This isn't recommended, especially since you'll face a lot of puzzles in the beginning. Real estate investing needs to grow. You have to learn before you truly understand all the tricks of the trade and can effectively work towards a good return. So always start small.
Setting goals is always a good thing. What do you want to achieve with what you're doing? Only when you know where you want to end up can you map out a good route to get there. Therefore, never invest in real estate without a long-term plan and a clear goal to work towards.
We mentioned it briefly earlier. Many real estate investors want to save as much as possible. For example, they not only draft their own lease to avoid legal fees, but they also skip the building inspection . This can lead to significant, unexpected costs in the (near) future. Prevent this by always having a building inspection performed.
The cost of a building inspection (up to 250 m²) is only €489 including VAT. We'll conduct a comprehensive building inspection and you'll receive a building report. Do you have any questions? We're happy to help and can schedule an appointment with an expert inspector right away if you wish!
