What's Depreciation?
New to the property investment game and struggling with the lingo? You’re not alone. Below is one definition posted by news.com.au to build your real-estate knowledge.
What’s depreciation?
> Depreciation
Often investors can claim a po...
Read moreBlocked Guttering- One of the most Common Pre-Purchase Defects
Blocked gutters are one of the main defects found during a pre purchase inspection and is also one of the easiest to fix and prevent. Doing something as simple as keeping your gutters clean can save you thousands of dollars in maintenance costs in th...
Read moreIs Your Smoke Alarm Up To Scratch
Fires can spread rapidly (in less than five minutes) through your house, according to findings from a Fire & Rescue NSW report. Interesting also is that homeowners are encouraged to look at how many fire alarms in their house to cover all potenti...
Read moreTax Depreciation Schedules
Did you know Jim’s Building Inspections have now started providing Tax Depreciation Schedules for Property Investors around the country?
Why?
Our Inspectors are in thousands of homes and apartments everyday conducting Pre-Purchase Building Ins...
Read morePassing Your Next Rental Inspection With Mould-Busting Professionals
What’s one thing landlords despise? If you guessed mould, you’re right.
“The obvious things we look for are mould in the bathrooms/cupboards/bedrooms,” says one expert in the field. “This is usually an indication that the tenant isn’t ...
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 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 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 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 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...
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