Beware of Dishonest Housing Developer

pohtiongho By pohtiongho, 13th Jun 2013 | Follow this author | RSS Feed | Short URL http://nut.bz/2fp78pex/
Posted in Wikinut>Business>Ethics

This article will save you lots of money if you are buying a property.

Beware of Dishonest Housing Developer

Beware of dishonest housing developers

Have you ever wondered why some houses are worth very much less than a new house of the same materials, area and size, at the existing location? Don’t you know why some buildings constructed over a century ago are still standing perfectly today?



It’s a pity to see houses which were only built twenty years ago to be in very shabby condition in Malaysia, Philippines and Indonesia. Many of these need to be renovated to be safe for occupation. The renovation cost will be very high. In some cases, it is cheaper to knock down the old houses and have a new ones built. Some people think they can sell these old houses off. There are cases where the advertisements have been put up for more than ten years and there are no buyers. Do you still want to invest in housing? Well, you can, if you can find efficient and honest constructors.


In some parts of the world, developers are able to cut corners because the buyers are people who have no engineering knowledge. To them, a house is a house. As long as they can move in today, they are happy. They will not question whether the house will leak tomorrow, or if the balcony will drop off twenty years later.
Another factor is the corrupt governments. They will allow the developers to do what they like because the presence of these developers benefit the government officers financially. You may sue the developers but you may not win the case.


Before you buy any old house, figure out how much you need to put up scaffolding to have your house repaired, and the cost of other reworks necessary. At times, the cost of erecting approved scaffolding can be many times higher than the actual cost of correcting the defects.


Poor quality concrete will allow rain water to seep in to corrode the reinforcement steel bars. All exposed steels must be painted with undercoats and top coats accordingly. It is very common for housing developers to have only the top coat painted. After a few years you can see the walls and floors begin to bulge up. This is because as the steel corrodes, it needs some space for expansion. How can space be found except by cracking up the concrete? Will you be able to trace the developer if the balcony crumbles down twenty years later, killing a person on the ground?



Reinforcement steel bars used in the erection of houses, if not properly buried by the cement, will corrode from day one the structure has been erected. After twenty years of contact with the elements, no steels can remain as strong as before. Balconies will begin to slant downward, requiring expansive rework. The walls and floors will need repair too. The roof may need total replacement. No sensible buyer, in his/her right mind, will pay you more than 40% the value of an equally good house nearby, because he/she will have to spend the other 60% of the money to have the house renovated.


The final check you need to carry out is the roof. Can you see any leak? How do you know there is no leak unless there is a downpour? Have a written agreement from the developer that if there is a leak within the next few months, he must carry out the repair without any further payment, and that if he cannot have the leak repaired within a certain number of days, you can call a third party to do the job and bill the repair cost to him.

The attached photo shows the common crack you find in Southeast Asia. And the developers think they can solve the problem just by covering it with another layer of paint!

Tags

Corrupt Government, Cracks, Dishonest Developers, Leaks

Meet the author

author avatar pohtiongho
I have been writing short stories, poems and articles during the past 20 years.
My other talents:
Pipeline fabrications and training of 6 G welders
Oil and gas, Maintenance Services

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