High-rise apartment towers can be plagued by high vacancy rates, which may affect their resale value. Picture: Jay Town
NEW BUILDS
When buying a new build, it'd be nice to assume the tradie had covered all bases during construction, Builders Collective national president Phil Dwyer said.
But putting blind faith in the builder was fraught with risk and could lead to costly headaches, he said.
A building inspector was needed to go through the structure with a fine-tooth comb. He also recommended people do a background check on the builder by getting references from friends and family or even contacting some of their previous clients.