"My friend said so" is dangerous

Did you know?


"My friend said so" can be dangerous.


Very often, client tells us that they bought their property because their "friends said so" and they have one in the same area". Is this good or bad?


Did you know, what works for your friend may not work for you? You and your friends probably have different investment goals, you have different risk appetite, you have different investment timelines. Or even if both properties are similar, did you know there could be restrictions on one property, but not the other? Did you know there could be a water mains pipe under your property that could restrict what you build on it?


Almost every conveyancer or building inspector will not tell you this. Your friend might not be bothered with this, but you might, if you planned on developing your property in future.