Hi,
I am new in this forum, but find this forum is very good and provide much information on property investment. Very happy to be a member.
I just bought an old property, maybe 40 years old so I am not sure whether to call a quantity surveyor to get a depreciation schedule.
1. For 40 years old property, is it worth to get a depreciation schedule? Normally how much I can depreciate? I can see the roof and the fence are a bit new, not sure how new, maybe 10 years.
2. Normally how much should I pay for the quantity surveyor?
3. If it is worth, can anyone kindly recommend someone? The property is in Melbourne western area.
We also had other IP, all old houses, our account said it is not worth to do that, so we didn't get any depreciation. This time I think maybe we should.
Thanks in advance.
Oliver
I am new in this forum, but find this forum is very good and provide much information on property investment. Very happy to be a member.
I just bought an old property, maybe 40 years old so I am not sure whether to call a quantity surveyor to get a depreciation schedule.
1. For 40 years old property, is it worth to get a depreciation schedule? Normally how much I can depreciate? I can see the roof and the fence are a bit new, not sure how new, maybe 10 years.
2. Normally how much should I pay for the quantity surveyor?
3. If it is worth, can anyone kindly recommend someone? The property is in Melbourne western area.
We also had other IP, all old houses, our account said it is not worth to do that, so we didn't get any depreciation. This time I think maybe we should.
Thanks in advance.
Oliver