In simple terms, scrapping is the process of throwing away an asset that has reached the end of its physical life. The benefit from a depreciation perspective is that the remaining written down value of the asset can be claimed at 100%.
Jane Eyles-Bennett - Thursday, January 16, 2014
Jane Eyles-Bennett - Wednesday, December 18, 2013
It’s said that a kitchen has the potential to make or break the appeal of a house. Great news if it’s in good shape, but as general consensus goes, bad news if it’s not. I disagree. With just a little imagination, you can often transform a kitchen and avoid having to spend upwards of $7,000 - $10,000 on replacing it. (Read More)
Design principle proof in the puddingSome properties just have the x factor don't they? Whether designed by an architect or an interior d.. more
Budget blowoutsIt's no secret that the number one trick for a successful investment property renovation is to remai.. more
Hotspace does not conform to the expensive and exclusive stereotype of the design/decorating profession..." Thanks so much to Hotspace for your guidance through my renovation. Being in the building industry myself I was well aware that this r..more
Choosing a property to renovate
The current state of the property market has stopped many people, especially investors, in their tracks. Since many investors rely solely on capital growth, now is not a pretty time for them.If you are willing to step outside of the box of ‘what everyone else is doing’, now is the BEST time to be picking up a bargain or using your existing properties to carry out a renovation and make money that way. The trick however is in selecting the right property to renovate.
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