Depreciation Schedules Adelaide
We have extensive expertise in tax depreciation schedules for investment properties and handover inspections for customers who are having a new house constructed. In addition to being experienced quantity surveyors, our team also includes licensed and insured building inspectors.
Our services are designed to make your property investing experience more positive and lucrative, and we stand by that guarantee. As a member of Australian Institute of Quantity Surveyors, we’re committed to providing you with excellent and professional advice you can trust.
Our Services
Tax Depreciation Schedules
As real estate investors, you are well aware that the value of the land component of your properties increases with time, as opposed to the value of the buildings on the site. You are also aware that the worth of the building reduces with time as it becomes older and more heavily utilised. According to the Australian Taxation Office, it is possible to deduct this reduction in value from any revenue that the property may earn while it is being leased.
Residents of Adelaide and its surrounding areas will benefit from the expertise of our residential quantity surveyors, who can prepare tax depreciation schedules for a variety of property investors.
In the absence of a tax depreciation schedule for your investment property, you are not taking advantage of the tax advantages that are available to you. A depreciation allowance is available if your property generates a profit from its rental income. This comprises residential properties such as homes and flats and commercial structures.
To assist you maximise rental returns on investment property, our expert quantity surveyor will develop precise and up-to-date depreciation schedules for your review and approval.
Handover Inspections
A handover inspection, also known as a practical completion inspection, is a chance for the owners to see their completed house right before the builder hands over the property’s keys. All new buildings will have minor flaws and omissions that will go unnoticed by the builder for some time. Some faults, if left unchecked may have a negative influence on the property’s long-term value.
Our goal is to detect and record any problems or omissions in the construction process so that the builder may correct them before the property is turned over to the owners. As soon as the builder confirms that they have completed the physical construction of the property, our building inspector will conduct a visual examination of the site. After the inspection, the inspector will offer suggestions on maintaining and repairing any damage that may have occurred to the property.
Building compliance is checked by a highly trained team of inspectors who have a thorough grasp of building law and adhere to the tight criteria set forth by the Building Code of Australia and the appropriate Australian Standards.
Bank Reports
Our residential quantity surveyors will assist you in developing an appropriate budget and ensuring that the project is financially viable for the lending organisation. Before any funds can be released, banks will want an independent cost report from Qualified Quantity Surveyors, as well as a work in progress report.
Call us and get your depreciation schedule today!
Examining The Feasibility Of A Project And Estimating Its Costs
The feasibility study determines if a proposed property development will be financially viable in the future.
Our financial analysis focuses on the direct cash inflows and outflows that influence the proposed Project’s economic performance. The analysis is carried out for project life cycle costing. This project aims to produce an indicative return on investment and give an analysis that allows for the consideration of cost factors and the comparison of the investment with alternative options.
Our quantity surveyors construct an analytical framework that identifies various cost factors and project-specific difficulties that will influence future return on investment. An entire suite of studies is conducted, including site, market, financial, and economic analysis, as well as financial and economic forecasts. These reports may be sent separately or as part of a larger bundle.
Sinking Funds
When it comes to strata plans, a sinking fund is essentially a money reserve that is put aside to pay for future repairs and upkeep of everyday property objects. Our quantity surveyors will assist you in preparing sinking fund budget projections for the current fiscal year and forecasts for future spending over the next few years.
Valuation For Insurance Purposes
Insurance valuation is an estimate of replacement cost, which is the amount it would cost to bring a specific construction back to a state that is similar to its previous position. To calculate such estimates, it is necessary to have a thorough awareness of current building pricing and standards in the given market region.
Our quantity surveyors are skilled at calculating estimates for insurance valuations, ensuring that the building is adequately insured in the event of a claim being filed.
Expert Witness
One can be summoned as an expert witness if they have specialised knowledge and expertise in a specific sector. When it comes to litigation or arbitration, an expert witness’s function is to help the court reach a correct conclusion of the issue in dispute.
Due to the high level of qualification and expertise of all of our quantity surveyors, they are suitable expert witnesses if a disagreement occurs during the building of your project.
Why choose us?
In addition to being wholly certified and seasoned experts, our staff is also familiar with the process of generating exact depreciation schedules. With our constant dedication to professional growth and keeping up with industry standards, we take great delight in what we do.
We spend the necessary time guaranteeing that all of the reports we generate are accurate and cost-efficient. We want to ensure that you are getting the most for your money when you use our services. In addition, our price is completely tax-deductible on your behalf. For more details about our services, don’t hesitate to contact us on 1300 313 542.