Things to look out for when buying property.
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In this Financial Matters segment, Lukho Mkwedi Phuthi wraps up with Blessing Ndabula, focusing on what to watch for when buying property for demolition and rebuilding or renovation.
Key points they highlight:
1. Structural condition
2. Plans, permits, and regulations
3. Hidden costs and environmental issues
4. Budget and cash flow
5. Location and future value
6. Purpose and timeline
Clarify whether you are buying to:
Demolish and rebuild (modern, custom home), or Renovate (retain structure but upgrade finishes, plumbing, and electrical).
This affects insurance, financing, and how long the property will be “off the market”. They conclude by urging listeners to do thorough due diligence, ask questions early, and involve professionals (estate agent, attorney, inspector, architect) before signing any agreement, so that the property purchase becomes a smart investment rather than a costly surprise.
Key points they highlight:
1. Structural condition
2. Plans, permits, and regulations
3. Hidden costs and environmental issues
4. Budget and cash flow
5. Location and future value
6. Purpose and timeline
Clarify whether you are buying to:
Demolish and rebuild (modern, custom home), or Renovate (retain structure but upgrade finishes, plumbing, and electrical).
This affects insurance, financing, and how long the property will be “off the market”. They conclude by urging listeners to do thorough due diligence, ask questions early, and involve professionals (estate agent, attorney, inspector, architect) before signing any agreement, so that the property purchase becomes a smart investment rather than a costly surprise.
