Bathroom maintenance
For investment property owners and mangers the end financial year is the perfect time to ensure that properties are in the best condition while maximising the profitability of their investment. Undertaking necessary repairs and bathroom maintenance can increase legitimate tax deductions for an investment property and at the same time ensure that value is retained or even increased. With elections out of the way, confidence and certainty are returning to the rental property market and many investors are taking advantage of deductions available to to them by carrying out routine bathroom maintenance or repairs to their properties.
What can be claimed
Tax deductible expenses on investment properties fall into a number of categories including borrowing, management, and maintenance costs including bathroom maintenance.
The cost of ongoing maintenance as well as periodic and even unforeseen repairs are all legitimate and deductible expenses for property owners. Such expenses include:
- Cleaning between tenancies
- Yard maintenance, tree lopping and law mowing
- Annual pest control and termite inspections
- Resealing or re-waterproofing wet areas such as bathrooms or laundries
- Periodic repainting.
Property improvements may also be tax deductible expenses or alternatively be capital improvements which are the depreciable over time. These may include such items as:
- Re-modeling a kitchen
- Extending the footprint of the property
- Renovating a bathroom or ensuite.
Working with owners and property managers
At The Shower Dr we have a track record of working with property managers and investors helping them maintain investment properties by providing a comprehensive bathroom repair and restoration service. This includes:
- Cost effectively repairing leaking showers without removing tiles
- Re-sealing and waterproofing where necessary
- Liaising with property managers and providing obligation free quotes.
We also provide a full shower rebuild service when a shower recess has deteriorated and it no longer viable as a repair, and if necessary we can refurbish or renovate bathrooms and showers quickly and cost effectively. If you own or manage a rental property call us and for a free quote on your shower repairs.
More more comprehensive information on end of year deductions for property owners see the ATO website or homesales.com.au.
Call The Shower Dr, we’ll give you a free obligation free quote enabling you to take full advantage of all of the detections available to you. We’re quick, neat, reliable, professional and we we care about our customers.
The Shower Dr – We Repair, Restore and Rebuild bathrooms all over South East Queensland – guaranteed.