Shower recess in bathroom - worth fixing for $700??

Viewing 4 posts - 1 through 4 (of 4 total)

MrLasVegas
Participant
@mrlasvegas
Join Date: 2011
Post Count: 39
January 23, 2013 - 10:51 pm
Hi all,
One of my investment properties has shower recess in the bathroom, which is shown below. A quote has come back at $700 which seems expensive. I can't see this impacting the tenant at all, so my question is – is this worth fixing or is it just a tenant being picky?
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
January 23, 2013 - 10:55 pm
I'm not a builder so I'm not sure about the extent of damage that could flow from this. But that's the question I'd be asking the person that gave you the quote.
I'd be thinking more so about the longer term effects that this can cause. $700 now might be a bargain compared to the larger problems that could surface as a result of it.
I came across this article the other day which mentioned this issue http://www.housenet.com.au/blog/418/10-warning-signs-of-a-problem-at-your-home/comment_829/#comment-view
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
Derek
Member
@derek
Join Date: 2004
Post Count: 3,544
January 23, 2013 - 11:07 pm
Like Jamie I am not a builder but, to me, there are two issues to consider.
1. Impact on tenant.
2. Possibility of this matter leading to longer term and more expensive damage.
Go back to the tradie who gave the quote and find out what he is going to do to repair the problem, find out what happens if you do not fix the problem and get some more quotes to compare.
My initial thoughts when I saw the photo was it seems as if your tenant cares about your property. They have taken the trouble to raise their concerns with you – some wouldn't and you are then reliant on your PM to observe any defects.
While tax should never be your primary consideration for when making IP related decisions – some of your costs will be offset through tax deductions.
TheFinanceShop
Participant
@thefinanceshop
Join Date: 2012
Post Count: 1,271
January 23, 2013 - 11:13 pm
That is a major issue but easy to fix $700 is way way way too much. What is he doing for $700?
The problem is that the water will be leaking to the membrane and the flooring underneath the house. This is very bad.
Regards
Shahin
TheFinanceShop | Elite Property Finance
http://www.elitepropertyfinance.com
Email Me | Phone Me
Residential and Commercial Brokerage