INVESTING
Key features of the PropDD Residential
Toolkit TM
“ Purchasing a property is one of the most critical financial decisions a person will make in their lifetime . The PropDD Residential ToolkitTM provides a framework that guides a buyer through the process of investigating and understanding the important legal , technical and financial aspects of the property they are looking to purchase , to better inform this important decision ."
The Toolkit is designed for a single residential property and associated transaction , and takes a registered user through the key legal , technical and financial stages of the due diligence process , allowing them to upload important documents and input information where required .
Included with this process are downloadable , legally compliant sale agreements for freehold and sectional title properties , the use of which is optional . Furthermore , a comprehensive property inspection checklist is included where a user can identify and flag any physical issues , upload photos and input any important notes that relate to each issue detected .
All documents and information are stored in a secure toolkit vault which only the user has access to . However , should they wish to share read-only access to their Toolkit Overview page with any designated party of their choosing , they can do so by using a secure sharing function . This will enable the designated party to download any documents uploaded to the user ’ s toolkit vault , including a Due Diligence Report which summarises all information the user has inputted as of that date .
A user is also granted access to a number of other useful resources when they purchase their first Toolkit , such as the PropDD cash flow calculators and an instructional Market Analysis ' how-to ' guide .
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84 FEB 2023 SA Real Estate Investor Magazine