Property 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 moreHow do I go back to my home after Fire Damage?
A fire is a traumatic experience, and it can cause more damage than what you can see initially. Beyond the physical fire damage, you must also consider the smoke and soot contamination. Both can be dangerous and costly.
Fire damage can extend to t...
Read moreAsbestos - Not Just About Housing
FEATHERS were flying in Red Hill last week when neighbours discovered asbestos sheeting was being removed from a disused chicken shed near their properties.
First reported in the Southern Peninsula News (6 November 2018) the story continues:
Mo...
Read moreDo you think that property you are looking to buy has asbestos?
If the house you are looking to buy was built or renovated before 1990, it is likely that it will contain some form of asbestos-containing materials.
Did you know that approximately one-third of homes built in Australia contain asbestos products?
...
Read moreAsbestos In The News
Think asbestos is old news – and not relevant in today’s society? Think again. Here’s one of many asbestos-related news stories.
From the Western Advocate:
WORK on Bathurst Tennis Centre’s new $800,000 clubhouse has come to a halt after...
Read moreTo Buy Or Not To Buy (Off The Plan)
To buy or not to buy (off the plan) is an important issue for an increasing number of new homebuyers and property investors.
When done responsibly with professional guidance (offered by Jim’s Building Inspections, for example) it can be a positi...
Read moreDue Diligence for Home Buyers
Literal meaning of Due diligence is doing a comprehensive appraisal of any buying task undertaken by a prospective buyer, especially to establish its assets and liabilities and evaluate its potential.
It is utmost important to do your due diligenc...
Read moreThe Block's Depreciation Schedules And You
So, “investors could claim an average of over $2.2 million in depreciation deductions for each apartment on Channel 9’s 2016 season of The Block,” according to new analysis reported by The Urban Developer.
By far the biggest potential deprec...
Read more10 Horrifying Traps a (Good) House Inspector Might Find
Number One: Asbestos. Enough said.
Number Two: Termites. In a word: EVIL.
Number Three: Fire hazards. Wouldn’t wish this upon my worst enemy.
Number Four: Faulty smoke alarms. It’s a thing.
Number Five: Ghosts. Okay, kidding. Okay, ma...
Read moreSafety Reversal Check For Automatic Garage Door
In most houses, the largest moving object is a garage door. Newer garage doors are often operated remotely through radio controls, electrical systems, pulleys and motors.
Serious injury or death from being hit by a closing garage door or from bein...
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