Home renovating Repairs and Maintenance, re tax time

Hopefully most investors will write a pro forma tax schedule for the coming Tax year ending. Those within the BAS system, will automatically have much of this organised. This way one can measure what would be worthwhile for tax optiminisation. If one has a high tax payment year, there are heaps of areas one can spend money on, such as, essential upcoming repairs, gardening,  gutters,  fencing, high wear areas in the home. The ideas may seem trite but use a checklist approach.

1   Ask the tenants what needs repair,

2   Repair things that will add value, for example in, the Kitchen and Bathroom, taps, washers, handles.

3  Repair or Replace, Items that are coming up to their fully depreciated time, like Hot water service, Heaters, Cookers, Ovens, air conditioner.
4   For the furnished apartment, there are a wider range of items one could replace/repair: including the washing machine, Dishwasher, computer system, television.

I set aside around atleast one percent of the capital value of the home for these expenses. One way to think of them, as value  adding essential items: either adding to the comfort for the tenant or value for the Investor.

In order to download the free ebook

1 Head to the Top of the Page,right side

2 Enter your name and email

3 Click on ” Send Me the Free Ebook”

4 Go to your email to download your home renovating book

House Market to Slow! Investors design Opportunity

Recent auctions show a dramatic slowing in the clearance rate, with some auctions having a complete no show. I wonder why ?
Well for many months rate of First Home Buyers has been slowing : while Investors appeared to keep buying.

But I suggest the potential in the NRAS is just so good, many investors are discovering this opportunity.

At the recent Residential Housing Conference, the Minister for Housing, Ms Plibersek, has noted that third stage of NRAS funding has approved some 12,000 new dwellings, out of  a total of 50,000 required by June 2012. Major investor developers include big Super funds and developers, Lend Lease, MAB, AV Jennings, Grocon and Devine.
Investors gain a tax incentive of more than $9,000 each year for 10 years, secure tenancy and carefull research to meet tenant needs.

In order to download the Free Ebook

1    Return to the top of the page, right side

2    Inset your name and email

3    Click, on Send ME the Free ebook

4   Check at your email to download your home book.

Design your investment home Property market ideas

Reading the popular press one will notice  all sorts of “reasons” why house prices are rising,
1   Immigration is above many expectations adding to the total population growth of 435,000 last year. While the resources states of QLD  and WA are the fastest growing, somewhat suprizingly, Victoria is also growing fast.

2   Melbourne, in Victoria had the fastest price rise with house values up 19% over 2009.
3   Some experts are now quoting returning expatriate workers are boosting the market. Readers will be familiar with this theme. Where, I claim some 900,000 Australians are working overseas. Given Australia is one of the fastest growing developed countries a fair portion must be expected to return, as Australian income tax has fallen and the A Dollar is up.

So much more FREE stuff from the free ebook.
4   Recently, some of the government plans to double public transport for instance is generating confidence in Victoria.

To obtain the FREE ebook

1  Return to the top of the page, right side

2  Enter your name and email

3  Click, Send Me the free Ebook
4  Check your email, to download your book.

Extra fast new easy home construction renovating ideas.

Have mentioned some areas before. Here are some extra ideas.

1  Renovate the laundry. Installing an energy,efficient appliances, it might even pay for itself with energy/water efficiency ratings a new washer/dryer combo, can lift a laundry. These are available on excellent deals, given the slower economy of today. In the USA, often the laundry can be moved into the garage, as a way to free up extra room for living in the home. In the UK, often the Laundry appliances are incorporated in the Kitchen.

2  A home bathroom addition can be as simple as employing a resurfacing contractor, or tiler. They can complete their work in a single day. They will do an inexpensive, transformational makeover, both cheaply and efficiently. Their respray products will transform the colour and finish of a bath, hand basin and tiles in a day. The addition of new door handles, a heater,exhaust fan and heated towel rails, will lift a bathroom dramatically. No one, wants a cold clinical bathroom, some heating does wonders for comfort and reducing mould. Some larger windows and a skylight will add both light and warmth to a bathroom.

3  A garden addition can be well worthwhile, especially a front garden, as it will lift the Street Appeal of a home. The garden can highlight the home. A garden can be a haven and a revitalising and refreshing area. Given the recent water restrictions, the home with a vigorous and lush garden can be seen as a luxury feature:a sign of a well cared for home. A lush garden can be an area of peace and tranquility. Consider, gardening is rated as Australia’s number one outdoor recreation activity. The latest relaxation of the tight water restrictions has been measured to add hundred” s of millions to the State economy.

4  A kitchen makeover/addition can be one of the best ways to add value to the home. The current trend is to establish an open plan kitchen. A good cleaning, painting, some new granite bench tops, new lighting, splash backs and door handles can revitalise a kitchen. I always renovate the kitchen, as I see it as a major feature area. Building an open plan kitchen with a view from the kitchen food preparation area. No one wants to be enclosed in a kitchen, away from the guests and family. I understand in the USA, that a kitchen has become basically a wall of appliances in the dining area. Knock down a wall enclosing an old kitchen, install an Island bench space and modern cupboards. A new kitchen is one of the best renovation projects. Kitchen companies are offering excellent deals including discounts on appliances at the moment, due to the slower economy.

In order to obtain the free ebook

1   Return to the top of the page, right side

2  Enter your name and email

3  Click, Send Me the Free Ebook

4 Check your email to download your book.