The Dirt On Property Depreciation
What’s depreciation? In a nutshell, it’s an allowance under tax laws in Australia for investors. It means they can claim deductions for expenditures in their property investments.
Why depreciation? Even extremely well-built houses aren’t imm...
Read moreInadequate Site and subfloor drainage
A sub-floor is the structure and crawl space between the lowest floor and the ground. High moisture levels in these areas promote fungal decay and other timber pests such as termites.
All sub-floors and crawl spaces should be considered as having ...
Read moreThe D-Word: Time To Talk Depreciation
Sad fact: Many Australian rental property owners are failing to correctly calculate depreciation.
“I have often seen clients who have owned investment properties for five, six or seven years and have never claimed any form of depreciation becaus...
Read moreTiming of a building inspection
THE TIMING OF A BUILDING INSPECTION MOSTLY DEPENDS ON THE METHOD OF SALE.
As the findings of a building inspection report may prompt you to withdraw an offer, you should always ensure that you are correctly informed of your rights and options. This ...
Read moreTwo Things You Need To Know About Smoke Alarms
One: Smoke Alarms Aren’t Always Reliable
Smoke alarms aren’t always reliable which is why a professional inspector can make your job easier and life safer. A good inspection takes into account adequate positioning and operational status in orde...
Read moreMouldy Issues For Landlords
A growing number of tenants are trying to educate landlords about the many ways in which mould can make us sick. So the ABC’s AM political reporter, Alexandra Beech, took the time to speak to one such person, Caleb Rudd.
Mr Rudd is behind a Face...
Read moreMeth testing - the new norm for prudent home buyers
The New Norm? Including Meth checks in Pre-Purchase Building Inspections
For home buyers there is nothing unusual about organising a Pre-Purchase Building Inspection on a potential property purchase. For smart buyers, a Pre-Purchase Building Inspe...
Read moreDepreciation - A Most Valuable Deduction
Looking to claim? For property owners, depreciation is the gift that keeps on giving and another reason to talk with the professionals at Jim’s Building Inspections. To wit, investors deduct the amount of income-producing assets in decline over the...
Read moreHow is a House Inspection Organised?
Whilst it’s up to you, the majority of our clients simply provide the Real Estate Agents details and then we will then contact them to organise the date and time of the house inspection.
Generally this saves you a few more phone calls and emails...
Read moreA Good Building Inspection Is Better Than An Expensive Cure
Put yourself in Hao’s shoes. He buys his dream home only to discover a buyer’s worst nightmare: most of his buildings are illegal.
As the Whittlesea Council says: His bungalow was constructed without a permit. And to add insult to financial in...
Read more