Demolition Disaster: Tips to Avoid a Rebuild Catastrophe

If you think you’re doing everything right when it comes to
buying your first home, you might want to think again!


In today’s episode, we talk about the cautionary tale of a couple
who thought they had it all figured out, buying an old house with
the intention of demolishing it and rebuilding a new one. Only to
make a huge mistake that cost them dearly. Do you think you could
avoid their fate?


This couple's demolition disaster is something that could happen
to anyone, but it's entirely avoidable. By listening to their
story and learning from their mistakes, you'll be better equipped
to make informed decisions when purchasing a property.


Let us take you through their experience and break down what went
wrong, while we also give some practical tips on what you can do
to ensure that you don't make the same mistake.


Join us in our discussion today and take the challenge to learn
from the mistakes of others. Set yourself up for success by
avoiding pitfalls that can come with buying your first home.


Episode Highlights:


00:00 - Introduction


02:19 - Meighan’s special house of the week!


03:55 - Grave mistake costs Sydney couple their dream home


05:49 - Understanding underlying factors & regulations for
property development


07:41 - Do your due diligence before making decisions based on
assumptions and FOMO


13:40 - Why are some properties allowed to build while others are
not?


16:20 - Asking conveyancers or solicitors the right questions
when rebuilding


21:33 - The consequences of demolishing a property you don’t have
approval to demolish


25:18 - How to easily avoid this kind of demolition and rebuild
disaster


29:20 - The importance of independent advice in real estate


Resources:


Link to the story of the Sydney couple https://bit.ly/3LEJsMe

Visit our website https://www.homebuyeracademy.com.au/

Learn how to buy property without making a mistake with our
10-step online course for first time home buyers
https://homebuyeracademy.com.au/YFHBG

If you have any questions or would like to be featured on our
show, contact us at: Your First Home Buyer Guide Podcast
support@homebuyeracademy.com.au

Looking for a Sydney Buyers Agent?
https://www.gooddeeds.com.au

Work with Veronica: https://www.veronicamorgan.com.au

Looking for a Brisbane Buyers Agent?
https://www.propertypursuit.com.au/

Work with Meighan: https://www.linkedin.com/in/meighanwells/



If you enjoyed today’s podcast, don’t forget to subscribe, rate,
and share the show! There’s more to come, so we hope to have you
along with us on this journey!


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https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast

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