I'd be recommending Contractors all risk insurance (covers public liability, tools, materials on site etc). PL insurance will not cover personal injury to workers – so you will need to ensure that anyone working on the site is a P/L company with workers compensation insurance or at the bearest minimum personal injury/loss of income.

secureserver1 wrote:
  Capitalise that at 7-8% and you can work out the extra value you've just created.  ($10,000 pa in increased rent capitalised at 8% adds $125,000 to the property value).  

….provided that it can be capitalised in perpetuity not just for the short term of the lease. That is, if the improvement will diminish in value to ze…[Read more]

The vendor is under no obligation to disclose the depreciated value of any item within the premises hence you only pay a peppercorn for them and take whatever warranties are available to you as the purchaser. If you require a depreciation schedule, contact a QS. The only exception is if the vendor is selling new investment units, they may provide…[Read more]

If you want a valuation speak to a valuer, if you want a guesstimate speak to a dozen real estate agents.

Rules (for NSW) are contained within the relevant real estate act – you should be able to get a copy from VCAT

It will depend upon the instructions that you provide to the valuer: ie if the valuation is for insurance purposes, asset valuation purposes, divorce/property settlement, sale, rental value, mortgage purposes etc – each will result in a different outcome as different criteria are used.

Simple, are you registered for GST? Did you pay GST to the builder/suppliers/subbies? Have you claimed GST credits during construction?It is more than likely that you have already paid GST on the construction and as you will not be making a profit, it is probable that you won't have a gst liability.

Captain M wrote:
No dishwasher or AC. Yes that is true, a secure front yard would appeal to families with children. Pets are fine. 

Pets & children require secure fencing.If the front yard is a bog, get it fixed (even something will turn into a bog later on will be better than a  bog today).People live without dw & AC so these aren't c…[Read more]

For the little it will cost you (and the lot it will save you if you get it wrong), I'd recommend that you go to an accountant for your tax return this year as they are more across the calcuation of cgt and losses (which must be carried forward as they must be offset against capital gains and cannot go against other income).It may just be the…[Read more]

JS – you don't just jump in to commercial property on a whim. There is a lease in place for a period of 4 years plus another option period – that means the tenant has a right of occupation for the duration of the lease and option period (if they choose to exercise the option) – so basically you cannot occupy the building until the earlier of the…[Read more]

I'd be seeking confirmation from my accountant before claiming interest as the interest would generally be capitalised and offset against any capital gain upon sale unless you can prove that the property is income earning not just speculative investment.

If your joists are at a standard spacing over the entire area ie 450 mm or 600 mm centres then the floor to ceiling height is measured to the underside of the joists. If however the floor to u/s joists exceed 2400mm over the majority of the room, then the areas of insufficient ceiling height would not affect the room being classed as habitable.

Ask who ever is doing your conveyance, if it is a solicitor or conveyancer they won't charge you any more for questions esp if it is going to save you $1000

I generally deal with Home & Housed in Gladesville. Most of the time i talk to them via skype or phone rarely do I go to his office.

Buyers complain when they aren't kept informed of progress with a sale, it seems like they also complain if they do.

Jacqui, I'd agree. If you have full details of your costs (eg a rated bill of quantities & plans) it would be a doddle for a qs to provide your depreciation schedule.

Is it really a case of you get what you pay for? Does an online form give the same result as a full inspection? You will never know unless you use both services from the same company. That is, does the on-line form utilise photos to check all 4 walls in every room or improvements in the back yard whereas a QS visiting the site will? I would…[Read more]

CAD is probably the last thing that you would want unless you were undertaking some serious redesign

You may find that the cutout in the benchtop is a lot bigger than the new appliance so you may need to patch or replace your benchtop & tiling.

Best to check with office of fair trading in your state however the bond cannot be changed during the term of the lease. If you then enter into a new lease with the tenant, you may be able to transfer the existing bond into a new bond.