I have bought an 3/2/1 2 storey OTP house from Mirvac in January this year.I have been told that it is about to be completed in 3 weeks and will be ready for settlement. I have 15 business days between their notification and settlement date.
This is my first IP so I have some questions in regard to settlement and leasing for the forum:
- Finance: Pretty much sorted as we updated our paperwork with ANZ, and they already valued the house $45K higher than what I bought earlier this year. Which is good news and I should not have any financial issues, barring unexpected circumstances.
- Solicitor: Still waiting for official notification from Mirvac that the house is ready for settlement.
- REA PM: Should be lined up now thanks to some past recommendation from the forum. Just need to contact them to confirm that I want them to PM my property.
I have some questions below though:
- Building inspectors: Do people find them valuable to perform inspection for new properties, given it is new and there is warranty anyway? What is the likelihood of major structural damages?
- Add ons: I am looking at getting fly screens and possibly security door installed. However security door will ruin the look of the new house. Is security door a big deal for potential tenants?
Also looking at installing ducted air-con. Do you think that air conditioning will attract more and higher quality tenants? I am still debating about this even technically budget wise it is not a problem with us.
The tiles in the bathrooms are not tiled all the way to the ceiling, and only to to top of the shower. Do you think it is necessary to tile it up all the way to ceiling, as tenants may not use the exhaust fan when showering, causing possible moulds in the bathroom?
What else should I install to attract tenants given that it is becoming a tenant friendly market?
- Depreciation schedule: Most likely go through BMT as they seemed big company and I don't know to many other better alternatives. Is a site visit necessary for them as they charge slightly higher price for site visit?
Also what else should I consider that I have missed?
This is my first IP so I have some questions in regard to settlement and leasing for the forum:
- Finance: Pretty much sorted as we updated our paperwork with ANZ, and they already valued the house $45K higher than what I bought earlier this year. Which is good news and I should not have any financial issues, barring unexpected circumstances.
- Solicitor: Still waiting for official notification from Mirvac that the house is ready for settlement.
- REA PM: Should be lined up now thanks to some past recommendation from the forum. Just need to contact them to confirm that I want them to PM my property.
I have some questions below though:
- Building inspectors: Do people find them valuable to perform inspection for new properties, given it is new and there is warranty anyway? What is the likelihood of major structural damages?
- Add ons: I am looking at getting fly screens and possibly security door installed. However security door will ruin the look of the new house. Is security door a big deal for potential tenants?
Also looking at installing ducted air-con. Do you think that air conditioning will attract more and higher quality tenants? I am still debating about this even technically budget wise it is not a problem with us.
The tiles in the bathrooms are not tiled all the way to the ceiling, and only to to top of the shower. Do you think it is necessary to tile it up all the way to ceiling, as tenants may not use the exhaust fan when showering, causing possible moulds in the bathroom?
What else should I install to attract tenants given that it is becoming a tenant friendly market?
- Depreciation schedule: Most likely go through BMT as they seemed big company and I don't know to many other better alternatives. Is a site visit necessary for them as they charge slightly higher price for site visit?
Also what else should I consider that I have missed?