Investors Bundle: MEDIUM

$3,806.00 inc. GST

A bundle of reports for new small house less than 120 square metres, where the owner is a property investor; staged construction inspections, tax depreciation schedule and more. For larger buildings, refer to the additional information below and select the appropriate option.

Description

This service is for the new owner of a house that is being built.

We offer a bundle of five reports:

  • 5 construction stage inspections report
    • Pre-pour
    • Framing
    • Lock-up (roof, cladding, external doors and windows)
    • Fixings (services, linings, doors)
    • Completion (kitchen, cabinets, painting, fixtures, outlets)
  • Dilapidation Report
  • Pre-Handover Report
  • Tax depreciation schedule
  • Warranty Inspection

Construction stage inspections

Inspections undertaken at various stages of your build. If you want reassurance and independent expert advice while your home is being constructed to an acceptable standard, then you would require staged construction inspections.

Dilapidation report

Prior to commencement of construction, a dilapidation report involves an inspection of your property (if there are buildings not being affected) and the surrounding assets, like fences, gates, poles, footpaths). The report is a record of the current condition of the property and surrounds which is intended to detail any existing cracks, issues or wear and tear present before the nearby construction commences.

Pre-Handover Inspection report

You the client, would be invited by the builder to inspect the renovation and identify outstanding issues and defects. A handover inspection report provides you with an independent and unbiased final house inspection report, describing the end condition and finishes of the completed construction work at Practical Completion.

Together with the dilapidation report and the pre-handover report, issues due to the renovation works could be easily identified. This mitigates any disputes that would arise and provides you peace of mind should disputes progress to formal action.

Tax depreciation schedule

A tax depreciation report helps investors maximise the property investment depreciation deductions they are entitled to under ATO legislation, outlining allowable costs and future depreciation claims.

Depreciation is a tax deduction available to property investors. Over time, commercial and residential buildings depreciate in value. The Australian Tax Office (ATO) allows owners and investors of income producing properties to claim a tax deduction for the wear and tear that occurs on any old or new investment property. The building itself plus its internal fixtures, fittings and equipment will become worn over time and eventually will need replacing.

Warranty inspection

New homes built in NSW have warranty periods assigned to structural and non-structural elements of the building. The inspection performed is to identify defects so you can have the building contractor rectify the defective building work if:

  • within 6 years and 3 months of the building work being completed for structural works;
  • within 12 months of the building work being completed for non-structural works.
  • Warranty inspections will be performed in 2031 for building built in 2025

Additional information

Small

Building is less than 120 square metres

Medium

Building is more than 121 square metres, less than 180 square metres

Large

Building is more than 181 square metres, less than 250 square metres

Extra Large

Building is more than 251 square metres, less than 350 square metres