All Topics / Help Needed! / How to estimate the depreciation of an unit/apartment

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  • Profile photo of MichaelGGMichaelGG
    Participant
    @michaelgg
    Join Date: 2009
    Post Count: 13
    March 18, 2010 - 5:27 am

    Hi,

    I have browsed some threads that stated
    1. Depreciation can be done by a qualified valuer.
    2. Depreciation will be calculated without the value of land.

    So, how can we estimate the depreciation of an Unit/apartment?

    There is no land owned by an Unit/apartment. Does it mean the purchase price is the market value of the property and it can be depreciated over remaining useful life of property?

    What will  happened if the property is already 40+ old.

    Thanks,
    MichaelGG

    Profile photo of basbogbasbog
    Participant
    @basbog
    Join Date: 2010
    Post Count: 58
    March 18, 2010 - 8:25 am

    If the property is 40+ years old there is no building write off, and unless some major new stuff has been added to the place ( aircon, stove, carpets, etc) in the last couple of years there is nothing there either

    Barry

    Profile photo of god_of_moneygod_of_money
    Participant
    @god_of_money
    Join Date: 2008
    Post Count: 970
    March 18, 2010 - 8:58 am

    Get a QS report..

Viewing 3 posts - 1 through 3 (of 3 total)

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