Cost of QS / Depreciation

G'day all.

I'm in a bit of a hurry so pardon the brief message.

Can someone tell us what is the "normal" cost of preparing a Depreciation these days? Someone paid nearly $900 for a $550k house. Having bought our house/unit many years ago I feel I am a bit out-of-date.

 

The fees depend in part on how much information the client has and how old the property is.
$900 is well above the market rate for a straightforward inspection in a metro area. We would like to charge that much, but it's not possible.
Scott

 

A bit rich.

 

There are some comparable info available from the BC and other Units, and it's 16 years old. Would $500 be more right?
BTW, how many pages report do we have? Our old one is only 7-page but the recent one goes over 20! Similar value.

 

If it's a job that requires an inspection, $500 is a bit low. For that you are unlikely to get a qualified person on site.
Our standard fee is $715, but we charge PropertyChat people less than that.
The number of pages in a Dep Schedule is not the best way to judge it.

 

The question is wrong. It should be:

'What will having a depreciation schedule save me? '

 

Thanks for sharing. That is really informative. $700 mark seems fair.
I strongly dislike long report, repetitive and all that. Pest & Building Inspection is one (1 page report and 10 page disclaimer) I am a one-page person: one page Executive Summary and the rest just annexure. Might be a bit extreme but too often people drowns in their own report......

 

I see loads of them. Cost varies as you can imagine. Typically $550 through to $770 is very normal. I see some awful reports - Dont bother with cheapies They often do have a short report - I just found a new one that stops at 3 years. Waste of money IMO. What happens if we need to write off the AC unit in Y4 ?

I recommend - In no specific priority

Washingtown Brown
Depreciator
BMT
These firms know their stuff and I know all are are very strong on recent changes. And provide good customer support. And are well represented and share their knowledge on PC.

 

I have used Washington Brown for two properties and would happily recommend them.