Holicent
VIP Contributor
To build assets, you'll need to purchase some real estate. You can buy a house or an apartment or even a condo or a townhouse.
The most important thing when buying real estate is to make sure it's safe and sound. You should check with the city's department of geology, topography, and engineering before you buy anything. They'll tell you what buildings are okay and which ones aren't.
If the building is on a flood zone, then it's probably dangerous. That means that there could be water in the basement and the walls could start leaking at any time. You might not be able to live there at all if something like that happens.
But if the building isn't on a flood zone and it doesn't have major structural problems with it (like old plumbing), then you might want to consider buying that property! The repair or renovation will not cost more compared to when you build in a flood zone.
The most important thing when buying real estate is to make sure it's safe and sound. You should check with the city's department of geology, topography, and engineering before you buy anything. They'll tell you what buildings are okay and which ones aren't.
If the building is on a flood zone, then it's probably dangerous. That means that there could be water in the basement and the walls could start leaking at any time. You might not be able to live there at all if something like that happens.
But if the building isn't on a flood zone and it doesn't have major structural problems with it (like old plumbing), then you might want to consider buying that property! The repair or renovation will not cost more compared to when you build in a flood zone.
