A project for us all!

[Marc]

Hi all,

Based on a current thread (see link below) I would like to ask you all for help in compiling an example costings sheet for everyone. Once we have completed this project I will publish the sheet in PDF format in the downloads section.

Step 1 - Lets work out possible costings that we should take into account.

I have submitted the following - PLEASE add your additional costings and suggestions as well.

The next step we may want to attempt an example and apply the rent etc...

The list so far

Legals (conveyance etc..)

LIM report

Insurance

Body corp fees

Building/Pest inspection

Land Rates

Loan Establishment

Mortgage Costs
-Establishment fee
-Mortgage insurance (maybe)
-Valuation fees
-Registration of mortgage
-Registration of title
-Search fees

Possible money required to upgrade property for renting

Property Management

Link to thread which started me thinking about this project

http://www.propertytalk.co.nz/modules.php?name=Forums&file=viewtopic&t=73

[sally1]

hi marc would u count travelling if coming from o/seas?

[Marc]

Yes ! That is a great addition. This would be important since you could possibly claim this as an expense.

Best regards

Marc

[mjj]

Property Analysis

The best tool to do this is the Property Investment Analysis software supplied by Jan Somers (www.somersoft.com.au). It is all the inputs required and models capital growth, inflation, etc. I find it invaluable in selecting properties.

[Marc]

Hello,

Yes your right - the software is great!

For this project we want to be able to show people using a simple list online just incase they cannot get access to those types of applications.

Best regards

Marc