Gday all,
i currently live in a ppor which is a 3 bed 2 bath WIR Patio double lock up garage, with garden shed. i have just built a deck that extended the patio by 9 square metres, to around 27m squared im just wondering how you can get an idea of any value it would have added. any help would be great cheers
Hi Ryno,I remember our tax depreciation/capital allowance person had a guide she worked off.But why not ring your lender and ask for a valuation.Not a drive by,but a room by room.Most do a free one per year,if not mention you're looking for an IP,and are seeing how much eqiity you now have and are going to borrow through them again.good luck
Be sure to let us know what the end result is. Interested to know.
Thanks,
Clint
I would be very interested to know if a deck adds value. Obviously it can add value when selling it, but will a lender take that into account when revaluing your property.
I am keen to hear the results of this experiement.
Ryan McLean
http://CashFlowInvestor.com.au
Positive Cash Flow Properties Are Just A Click AwayRyan McLean | On Property
http://onproperty.com.au
Email MeValuers are not immune to the benefits of good design!
So, if a place "feels" bigger and more open this must affect their opinions – at least subconsciously.
Adding a deck or other features that improve the flow or the usefulness of a property can surely benefit the property. I guess the trick is to know where to spend the money for best effect.
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