View Single Post
  #22  
Old 06.11.2020, 19:18
fatmanfilms's Avatar
fatmanfilms fatmanfilms is offline
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 19,811
Groaned at 423 Times in 315 Posts
Thanked 19,922 Times in 10,656 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Would you buy a property constructed on a Landfill site?

Quote:
View Post
How old is the property?

I'd be very cautious, but if the property is older then any problems are more likely to have already surfaced.

What's the quality of the property like? If it has top quality finish, it's more likely that everything below-ground has also been done properly.

Have there been more sales than you would expect for the area, possibly indicating issues or that residents suspect issues coming up?

Bear in mind that building insurance doesn't help you much if the whole site gets condemned, or if you start getting a series of problems that make the place unsaleable and take over your life.
I don't know if there is a risk that you might not be able to rebuild on the land in the event of a problem, it can happen in ski resorts after an avalanche, the land becomes worthless due to re zoning, the insurance payout only covers rebuilding so 30-50% of the total cost of replacement.
Reply With Quote
This user would like to thank fatmanfilms for this useful post: