Forum Replies Created
- fredo_4305 wrote:Do you have problems with tennants breaking them though?
No
fredo_4305 wrote:The house is a small house with the smoke alarm placed in accordance with the manufacturers instructions.Unfortunately they are the sort of people who would not hesitate in taking me to the cleaners if there was a fire and no smoke alarm installed.
It still comes down to your responsibility as owner to ensure that the equipment provided is working.
fredo_4305 wrote:Regardless of there sensitivity there is no need to break them nor to question me on why it is so sensitive. Im a property investor not a smoke alarm expert. I kindly passed on the manufacturers number for him to call them and ask why though.The smoke alarm money has been taken out of the bond.
have a look at the property development course being run through TAFE via OTEN – delivered online/correspondence. No hidden agendas or dodgy sites/schemes.
IP Global Limited wrote:Returns from property investments are also less volatile than those from stocks.
Only because they are a clunky investment which is sold on a sporadic basis through an archaic system incurring disproportionate transaction costs when compared to other investments.
Capital growth will depend upon the area ie have large swathes of the area been rezoned/gazetted to be rezoned for medium density, is there other land available for development in the area, is it close to the city, will the area change its character, is development of the area restricted by other planning issues eg heritage, industry etc?
Also discuss your concerns with the executives on the Body Corporate – advise them of the specific issues that you want the strata managers need to improve upon. Their current rates have been approved/accepted by the previous AGM so there is little you can do other than to call them to comply with the requirements or directions of their management agreement.
Depending upon how long the contract is, the break clauses etc it may be possible to go to tender prior to the next AGM and to appoint new strata managers at the next agm if there is a quorum.
In the meantime, get the exec to hold them to the obligations under their contract.
Is the garden part of the unit or just part of the grounds/common area? Who is responsible for maintenance of the garden?
As it is a large strata, you will want to know a) whether the body corporate is harmonious & works well or is disruptive and skewed by various factions b) that there are no large outstanding contributions c) that the BC is proactive with regards to maintenance d) that there are no outstanding orders eg fire upgrades etc.
Are the high levies due to the operation of other services eg lifts, pool, gym, conceirge etc?
Good luck! Probably not a ready made statistic. What bearing would this information have in any investment decision unless you were looking to make a play on 5% of all of the units in Brisbane?
Luke D wrote:Mum's house was valued by the banks in late 2009 at $615,000 and it is in the Eastern Suburbs of Sydney. My questions I need help clearing up are:1. I would be adding my name to the title of the property as a percentage owner but what percentage would I be? (she is fine with this)
Determine the cost/value of the two units and add this to the land value.
Luke D wrote:2. It is obvious that once completed the property is going to be worth a lot more then $615,000 when new 2 bedroom apartments in the area are worth more then that now. How would you calculate my equity in the property? Is it any dollar amount over the valuation prior to the new house being built?
Determine the land value ie what is a vacant site in the area worth? As a rough guide look at other sales of similarly sized blocks in the area, size of house, improvements etc. Adjust them for the degree of depreciation (you will find that some are basically at land value and others are at full value of the house.
It may be wise to engage a valuer to determine how to proportion costs between land value and building based on the plans.
Alternatively, remove the coverstrips & fill with a backing rod no more gaps/coloured filler then smooth out the bog.
This is a mandatory safety requirement in all rental premises and can be considered to be willful damage. If the tenant does not agree that they will pay for replacement serve them notice to quit for breach of lease (failure to maintain property, willful damage and not advising the owner/agent in a timely manner of damage/repairs).
I would question why is the SD sensitive? Has it been incorrectly located eg outside a bathroom or too close to the kitchen?
Realestate.com.au does not accept non-agent advertising.
You may engage an agent or use one of the diy sites.
It may be possible to sell the site once you’ve got the DA.I looked @ one the other day. Dare I say for the site in question, it would be more profitable to build SEPP5 under the existing zoning or medium density under a proposed zoning next year. However a housing co-op owns the site and any approval is contingent on 10 years use as low cost housing.
as all of the work forms part of a project, the works need to be depreciated. You can’t depreciate demolition, this might be an expense.
Interest should be deductible but it might be difficult to separate your personal expenditure from your ip on your card as you can’t quarantine repayments. You may be better served by using your line of credit.
my goal – area domination…..
Improvement of shares, you can subdivide eg rights issues or take up options. Property improvements don’t come at no cost to the owner.
I’d get on the pm’s case asap. They should have already sought your instructions once the tenant gave notice. Instruct the pm the minimum lease term & not to have the lease expire around difficult leasing periods.
Prices can vary widely depending upon whether the wall is structural.
Read between the lines |you will be replacing like for like|.
It is not unusual for council to require contributions for specific improvements (provided that all future developments or subdivisions will be hit with the same charges, if not will yours be refunded?). Council may not be putting in the K&G now but when several blocks along the street have been subdivided. I have seen plenty of sites where the contributions have been additional road lanes, traffic lights, median strips, roundabouts etc.
There probably is a S94 scheme/plan which sets out the required contributions for subdivision, how much they need to collect, when the work is to be done etc, if this is not specifically shown on their contribution plan get the council to explain why they are trying to get this out of you and how would you know if this work will ever be undertaken.
If the site is so marginal, why would you consider subdivision?
I can’t remember which of the management theorists (Maslow, Hertzberg….) who came up with the ‘hierarchy of needs’ ie food, shelter, security, etc.
That’s as much as I’ll give away.
As i’ve said elsewhere, I know people who are willing to pay over $2k/wk but still can’t find a place.
a complying development should take about 8 weeks. Don’t go for anything which doesn’t fit the box & you’re laughing.
The next thing you’ll complain about is how long it takes to build or that the paint doesn’t dry quickly enough.
