I am very new to all of this and have just signed a contract on my first property. It will be rented back by the owners for about 3 months until they move into their new place. After that I will live in the property for a while, but it will probably become a rental within a few years (especially if interest rates go up!) so I can pay it off faster.
The property has been completely renovated so nothing at all to do except that it is a corner block with no fence. I would like to put a fence up, mostly so that it will appeal to more tennants - what good is a 600sqm block without a fence for kids or pets? And also, I currently live in the same street and know that white ants/termites have been working their way through the houses. This house appears fine so far, but I would like to consider getting a chemical or barrier treatment done on it so it doesn't cause problems later.
I know I can't claim anything while I am living in it, but when rented - can I claim fencing the property as a tax deduction if it is so that it will suit a broader range of tennants? I doubt it, but wanted to check with people who might have some idea. And, can I get a termite treatment/barrier done and claim it as a deduction? Can you claim pest inspections while it is rented?
And lastly on the fencing issue - anyone know what the cheapest form of fencing is....I'm looking at about 60m at least, not counting replacing the old rusty fences between the neighbouring properties.
Thanks for your help!