How to Build a Diversified Property Portfolio Using AI Analytics
Key Takeaways AI analytics transforms property investment from guesswork to data-driven decision-making Modern tools can analyse hundreds...
Many first-time buyers see something that looks perfect and rush into the purchase without proper inspections.
The gorgeous house in the quiet suburb of Buderim seemed absolutely perfect from the outside.
It attracted more than a few admiring potential buyers. But the house eventually got sold to a family with two children.
They hoped to renovate and turn it into the home they’d always dreamed about.
Unfortunately, the property had a problem.
It was absolutely infested with termites.
The problem was so extensive that no insurance company would insure it.
Worse yet, the couple hadn’t skipped anything during the buying process.
They’d paid for both building and pest inspections, so they thought that everything was okay.
Now, they’re left with a property that they can’t insure and thousands of lost dollars. While they’ve put it on the market, their real estate agent has it listed at land value only.
Make sure you don’t make this mistake when you’re sourcing your property. Research any inspector that you consider working with to ensure they have a great track record.
And if you’re not completely certain, consider having a second inspection carried out.
Key Takeaways AI analytics transforms property investment from guesswork to data-driven decision-making Modern tools can analyse hundreds...
Key Takeaways Lack of proper research leads to costly emotional decisions and overpaying for unsuitable properties The "Dirty Dozen"...