All Topics / Legal & Accounting / Accounting issues — Building construction cost

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  • Profile photo of csoi009csoi009
    Participant
    @csoi009
    Join Date: 2004
    Post Count: 8
    December 12, 2004 - 7:24 am

    I just wonder if we would like to buy a house or an unit, how could we know the building construction cost regarding the property before we pay the deposit ? To be honest, we have to know it before we buy so that we could calculate the depreciation cost. Do we just ask the agents or other advice ?

    Thanks !

    Profile photo of DerekDerek
    Member
    @derek
    Join Date: 2004
    Post Count: 3,544
    December 12, 2004 - 7:59 am

    When investigating a property for suitability of investment the amount of depreciation available is of secondary consideration. Of more importance is whether or not the property will provide you with the growth or income you desire.

    Any tax benefits you can claim should be treated as the icing on the cake and not the reason for the investment.

    However as a guide townhouses built in 2001 had construction cost ranging between $950-$1250/sq m.

    Derek
    [email protected]

    Property Investment Support Available. Ongoing and never stopping.

    Profile photo of csoi009csoi009
    Participant
    @csoi009
    Join Date: 2004
    Post Count: 8
    December 13, 2004 - 5:44 am

    Thanks Derek

    Actually I know positive cash flow is my first thing to consider, and I just would like to have more knowledge about the depreciation.
    :) My husband and I still work hard on searching positive cash flow property.[biggrin]

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