What is Caveat Emptor?
Increasingly property buyers are aware of their responsibility to discover building defects before sale – this is known as the Latin principle Caveat Emptor or ‘buyer beware’.
The full quotation is ‘caveat emptor, qui ignorare no...
Read moreSave $1000s With a Depreciation Schedule
Investment properties are a great way to secure your financial future. As an informed investor you’ll want to take advantage of all of the tax benefits that are available to residential property investors. Who wants to pay more tax than they need t...
Read moreHouse Inspections Take Time
Okay, random question: How long would you spend inspecting a house before buying it?
In Australia, more than half of homeowners (58%) spend less than an hour inspecting before the big buy, according to research put out by ME bank. Thus, it’s not...
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 moreThree Simple Ways To Fight Mould
Some things are out of our control. Others are in our control. Thus, when speaking about mould, there are many things we can do.
One: Root causes. Find them. A good place to start: Jim’s Building Inspections. When mould is found by experts it’...
Read moreGo With Licensed Pre-Property Inspectors
What makes a good pre-property inspector? Sourceable’s Howard Ryan writes: ‘To do the job properly, a qualified building inspector will have extensive knowledge of the Building Code of Australia, the Building Act, the Building Regulations and var...
Read moreWhat Does Jim Know About Building Inspections Anyway?
ACTUALLY, QUITE A BIT MORE THAN WE EVER REALISED!
We recently discovered that Jim Penman’s dad was a forensic engineer.
From an early age Jim’s father was investigating materials, structures and their components which failed o...
Read moreIs your house cracking up?
Is your house cracking up?
A long, spidery vein is inching its way across the dining room wall. It seems to be spreading even as you stare at it! You’re sure it wasn’t there yesterday! So what does this mean and how can it be fixed?
Don’t...
Read moreProperty Depreciation - Some Questions
Q: What’s property depreciation all about?
A: In a nutshell, depreciation is a tax deduction when your property’s value declines. The result: Less tax, more money in your pocket.
Q: Where can I find professional help?
A: Jim’s Buildi...
Read moreAsbestos Concerns? Call The Experts
Here’s an all too familiar story from the Newcastle Herald: A Glendale property is demolished after its owners found deadly loose-fill asbestos insulation.
This type of asbestos was relatively popular in the1960s and 1970s.
Science now tells ...
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