Key factors that make a property good or bad:

• Location: A good location with access to amenities such as schools, shops, and transportation links is desirable.
• Condition: The property should be in good condition and not require major repairs or renovations.
• Price: The property should be priced competitively in relation to the local market.
• Size and Layout: The property should be suitable for your needs in terms of size and layout.
• Potential for growth: A property with the potential for future development or improvement can be a good investment.

Red flags to look out for when buying a property:

• Structural issues: Cracks in the walls, uneven floors, and damp can indicate serious problems.
• Pests: Signs of infestations such as rodent droppings, termite damage, or bed bugs should be addressed before purchasing.
• Location: Properties in areas with high crime rates or poor infrastructure may not be a good investment.
• Title issues: Any legal disputes or outstanding debts on the property can cause problems down the line.

Common mistakes when buying a property:

• Not doing enough research on the property, area, and local market conditions.
• Overstretching financially and buying a property beyond your means.
• Not getting a pre-approval for a mortgage before starting the search.
• Not considering additional costs such as closing costs, property taxes, and ongoing maintenance.
• Skipping the home inspection or not hiring a qualified inspector.