MODULE 4 Property Evaluation Checklist - Amazon S3TUGTR+Course... · comprehensive evaluation...

Property Evaluation Checklist

WWW.YOUR PROPERTY SUCCESS.COM.AU

MODULE 4

Introduction

2

The only way to get an accurate picture of what a renovation will cost is to carry out a comprehensive evaluation inspection. The Property Evaluation Checklist is designed to go through a property room by room, documenting every item of work that needs to be carried out. A quote can then be requested (where needed) and all items entered into the Budget Spreadsheet (Module 6).

The Property Evaluation Checklist is Step 3 in the property due diligence process.

STEP 1PROPERTY INSPECTION CHECKLISTAn initial inspection of the property.

STEP 3PROPERTY EVALUATION CHECKLISTA complete costing of the property.

STEP 4PROPERTY DUE DILIGENCE CHECKLISTA complete property due dilligence, including council and legal checks.

STEP 2PROPERTY APPRAISAL CHECKLISTA complete appraisal of the property’s current and future renovated value.

Property Details

3

Property address: Inspection date:

Property details

Suburb

Median postcode price

Site description/accesss

Distinctive features

Agent/developer

Heritage/overlays

Zoning

Easements/encumbrances

Environmental issues

Reason for sale

Year of construction

Style/era

Agent/agency contact details

Any previous offers?

Agent’s estimated price

Sale date

Resale price (min)

Reserve price

Purcahse price

Amount $/m2

Block size m2

Bedrooms #

Garage/car port #

Bathrooms #

Renovation Cost Summary

4

Property address: Inspection date:

Renovation costs

Entry/hall $Bathroom

Ensuite

Master bedroom

Toilet

Bedroom 3

Bedroom 2

$$$$

$$

Bedroom 4 $Bedroom 5

Dining room

Kitchen

Study

Lounge 2

Lounge 1

$$$$

$$

General $External

Professionals

Services

Landscaping

Other

$$$$

$

Internal Works

5

Entry/hallWidth: Height:Length:

Total (lm):

Total (m2):

Ceiling

Cornice

Plaster arch

Smoke alarm

Ceiling rose

Light pendant

Light fitting

Light oyster

Walls

Flooring

Floor level (restumping)

Picture rail

Door jamb

Door

Door handle

Architrave

Window coverings

Windows

Skirting

Fly screen

Subtotal:

Requ

ired

Rep

air

Rep

lace

Comments Quo

te

Price TotalQty

Internal Works

6

Entry/hall (continued)

Window lock

Light switch (single)

Power points (double)

Power points (single)

Light switch (double)

Light switch (other)

Cupboard

Other

Other

Stairs

Subtotal:

Requ

ired

Rep

air

Rep

lace

Comments Quo

te

Price TotalQty

Total:

Internal Works

7

BathroomWidth: Height:Length:

Total (lm):

Total (m2):

Ceiling

Cornice

Exhaust fan

Ceiling fan

Ceiling rose

Light pendant

Tastic (3 in 1)

Light oyster

Walls

Flooring


Picture rail

Light fitting

Light downlight

Wall tiles

Subtotal:

Requ

ired

Rep

air

Rep

lace

Comments Quo

te

Price TotalQty

Door jamb

Door

Door handle

Architrave

Skirting

Floorplans

8

Bathroom (continued)

Window coverings

Windows

Fly screen

Window lock

Bath

Subtotal:

Requ

ired

Rep

air

Rep

lace

Comments Quo

te

Price TotalQty

Shower

Shower grate

Shower rose

Shower screen

Shower base

Shower wall mixer

Bath spout

Bath hob

Towel rail

Towel ladder

Toilet roll holder

Toilet suite

Toliet cistern

Soap dish

Toilet seat

Internal Works

9

Bathroom (continued)

Vanity


Power point (double)

Power point (single)



Data/phone

Bathroom cupboard

Other

Other

TV

Other

Other

Vanity basin mixer

Subtotal:

Requ

ired

Rep

air

Rep

lace

Comments Quo

te

Price TotalQty

Total:

Internal Works

10

ToiletWidth: Height:Length: Total (m2):

Subtotal:

Requ

ired

Rep

air

Rep

lace

Comments Quo

te

Price TotalQtyCeiling

Cornice

Exhaust fan

Ceiling fan

Ceiling rose

Light pendant

Tastic (3 in 1)

Light oyster

Walls

Flooring


Picture rail

Door jamb

Door

Door handle

Architrave

Light fitting

Light downlight

Wall tiles

Skirting

Internal Works

11

Window coverings

Windows

Fly screen

Window lock

Toilet suite

Soap dish

Toilet roll holder

Toilet cistern

Toilet seat

Vanity

Toilet (continued)

Subtotal:

Requ

ired

Rep

air

Rep

lace

Comments Quo

te

Price TotalQty

Vanity basin mixer






Data/phone

Cupboard

Other

Total:

Internal Works

12

Master bedroomWidth: Height:Length: Total (m2):

Subtotal:

Requ

ired

Rep

air

Rep

lace

Comments Quo

te


Cornice

Light fitting

Ceiling fan

Ceiling rose

Light oyster

Light pendant

Smoke alarm

Picture rail

Flooring


Picture rail

Carpet

Floorboards

Door

Door jamb

Light downlight

Walls


Door handle

Internal Works

13

Skirting

Architrave

Windows

Window coverings


Window lock

Fly screen




Master bedroom (continued)

Requ

ired

Rep

air

Rep

lace

Comments Quo

te

Price TotalQty


WIR

BIR set

Robe doors

Fireplace insert

Fireplace

Fireplace surround

Fireplace tiles

Data/phone

Total:

Subtotal:

Internal Works

14

EnsuiteWidth: Height:Length: Total (m2):

Subtotal:

Requ

ired

Rep

air

Rep

lace

Comments Quo

te


Cornice

Exhaust fan

Ceiling fan

Ceiling rose

Light pendant

Tastic (3 in 1)

Light downlight

Walls

Flooring


Picture rail

Door jamb

Door

Door handle

Architrave

Light fitting

Light oyster

Wall tiles

Skirting

Internal Works

15

Windows

Window coverings

Bath spout

Window lock

Fly screen

Towel rail

Towel ladder

Toilet roll holder

Ensuite (continued)

Requ

ired

Rep

air

Rep

lace

Comments Quo

te

Price TotalQty

Shower

Shower screen

Shower base

Shower grate

Shower wall mixer

Shower rose

Soap dish

Toilet suite

Toilet cistern

Subtotal:

Toilet seat

Bath

Bath hob

Internal Works

16

Ensuite (continued)

Total:

Requ

ired

Rep

air

Rep

lace

Comments Quo

te

Price TotalQtyVanity

Vanity basin mixer


Power points (double)

Power points (single)

Data/phone


Cupboard

Other

Other

Other


TV

Other

Subtotal:

Internal Works

17

Bedroom 2Width: Height:Length: Total (m2):

Subtotal:

Requ

ired

Rep

air

Rep

lace

Comments Quo

te


Cornice

Light fitting

Ceiling fan

Ceiling rose

Light oyster

Light pendant

Smoke alarm

Picture rail

Flooring

Data/phone

TV

Carpet

Floorboards

Door

Door jamb

Light downlight

Walls


Door handle

Internal Works

18

Skirting

Architrave

Windows

Window coverings


Window lock

Fly screen




Bedroom 2 (continued)

Requ

ired

Rep

air

Rep

lace

Comments Quo

te

Price TotalQty


WIR

BIR set

Robe doors

Fireplace insert

Fireplace

Fireplace surround

Fireplace tiles

Other

Total:

Subtotal:

Internal Works

19


Subtotal:

Requ

ired

Rep

air

Rep

lace

Comments Quo

te


Cornice

Light fitting

Ceiling fan

Ceiling rose

Light oyster

Light pendant

Smoke alarm

Picture rail

Flooring

Data/phone

TV

Carpet

Floorboards

Door

Door jamb

Light downlight

Walls


Door handle

Internal Works

20

Skirting

Architrave

Windows

Window coverings


Window lock

Fly screen





Requ

ired

Rep

air

Rep

lace

Comments Quo

te

Price TotalQty


WIR

BIR set

Robe doors

Fireplace insert

Fireplace

Fireplace surround

Fireplace tiles

Other

Total:

Subtotal:

Internal Works

21


Subtotal:

Requ

ired

Rep

air

Rep

lace

Comments Quo

te


Cornice

Light fitting

Ceiling fan

Ceiling rose

Light oyster

Light pendant

Smoke alarm

Picture rail

Flooring

Data/phone

TV

Carpet

Floorboards

Door

Door jamb

Light downlight

Walls


Door handle

Internal Works

22

Skirting

Architrave

Windows

Window coverings


Window lock

Fly screen





Requ

ired

Rep

air

Rep

lace

Comments Quo

te

Price TotalQty


WIR

BIR set

Robe doors

Fireplace insert

Fireplace

Fireplace surround

Fireplace tiles

Other

Total:

Subtotal:

Internal Works

23


Subtotal:

Requ

ired

Rep

air

Rep

lace

Comments Quo

te


Cornice

Light fitting

Ceiling fan

Ceiling rose

Light oyster

Light pendant

Smoke alarm

Picture rail

Flooring

Data/phone

TV

Carpet

Floorboards

Door

Door jamb

Light downlight

Walls


Door handle

Internal Works

24

Skirting

Architrave

Windows

Window coverings


Window lock

Fly screen





Requ

ired

Rep

air

Rep

lace

Comments Quo

te

Price TotalQty


WIR

BIR set

Robe doors

Fireplace insert

Fireplace

Fireplace surround

Fireplace tiles

Other

Total:

Subtotal:

Internal Works

25

StudyWidth: Height:Length: Total (m2):

Subtotal:

Requ

ired

Rep

air

Rep

lace

Comments Quo

te


Cornice

Light fitting

Ceiling fan

Ceiling rose

Light oyster

Light pendant

Smoke alarm

Picture rail

Flooring

Data/phone

TV

Carpet

Floorboards

Door

Door jamb

Light downlight

Walls


Door handle

Internal Works

26

Skirting

Architrave

Windows

Window coverings


Window lock

Fly screen




Study (continued)

Requ

ired

Rep

air

Rep

lace

Comments Quo

te

Price TotalQty


Desk

BIR set

Robe doors

Fireplace insert

Fireplace

Fireplace surround

Shelves

Other

Total:

Subtotal:

Internal Works

27

KitchenWidth: Height:Length: Total (m2):

Subtotal:

Requ

ired

Rep

air

Rep

lace

Comments Quo

te


Cornice

Light fitting

Ceiling fan

Ceiling rose

Light oyster

Light pendant

Smoke alarm

Picture rail

Flooring

Floorboards

Door

Door jamb

Light downlight

Walls


Door handle

Architrave

Skirting

Windows

Internal Works

28

Window coverings


Window lock

Fly screen




Kitchen (continued)

Requ

ired

Rep

air

Rep

lace

Comments Quo

te

Price TotalQty


Pantry cabinets & bench

Butlers pantry

Splashback

Rangehood canopy

Dishwasher

Rangehood slideout

Oven

Microwave

Subtotal:

Resurface

Benchtop

Cabinets

Microwave

Internal Works

29

Stove

Cooktop

Sink

Taps

Other

Other

Other

Other

Kitchen (continued)

Requ

ired

Rep

air

Rep

lace

Comments Quo

te

Price TotalQty

Total:

Subtotal:

Internal Works

30

DiningWidth: Height:Length: Total (m2):

Subtotal:

Requ

ired

Rep

air

Rep

lace

Comments Quo

te


Cornice

Light fitting

Ceiling fan

Ceiling rose

Light oyster

Light pendant

Smoke alarm

Picture rail

Flooring

Carpet

Floorboards

Door

Door jamb

Light downlight

Walls


Door handle

Skirting

Architrave

Internal Works

31

Windows

Window coverings


Window lock

Fly screen




Dining (continued)

Requ

ired

Rep

air

Rep

lace

Comments Quo

te

Price TotalQty


Fireplace surround

Fireplace insert

Fireplace

Data/phone

Fireplace tiles

Shelves

TV

Other

Total:

Subtotal:

Other

Other

Internal Works

32

Lounge 1Width: Height:Length: Total (m2):

Subtotal:

Requ

ired

Rep

air

Rep

lace

Comments Quo

te


Cornice

Light fitting

Ceiling fan

Ceiling rose

Light oyster

Light pendant

Smoke alarm

Picture rail

Flooring

Carpet

Floorboards

Door

Door jamb

Light downlight

Walls


Door handle

Skirting

Architrave

Internal Works

33

Windows

Window coverings


Window lock

Fly screen




Lounge 1 (continued)

Requ

ired

Rep

air

Rep

lace

Comments Quo

te

Price TotalQty


Fireplace surround

Fireplace insert

Fireplace

Data/phone

Fireplace tiles

Shelves

TV

Other

Total:

Subtotal:

Other

Other

Internal Works

34

Lounge 2Width: Height:Length: Total (m2):

Subtotal:

Requ

ired

Rep

air

Rep

lace

Comments Quo

te


Cornice

Light fitting

Ceiling fan

Ceiling rose

Light oyster

Light pendant

Smoke alarm

Picture rail

Flooring

Carpet

Floorboards

Door

Door jamb

Light downlight

Walls


Door handle

Skirting

Architrave

Internal Works

35

Windows

Window coverings


Window lock

Fly screen




Lounge 2 (continued)

Requ

ired

Rep

air

Rep

lace

Comments Quo

te

Price TotalQty


Fireplace surround

Fireplace insert

Fireplace

Data/phone

Fireplace tiles

Shelves

TV

Other

Total:

Subtotal:

Other

Other

Internal Works

36

Rubbish removal

Asbestos removal

Alarm

Entry system

Cleaning

Data cabling

Heating

Heating split system

General

Requ

ired

Rep

air

Rep

lace

Comments Quo

te

Price TotalQty

Heating ducted

Cooling ducted

Cooling split system

Cooling

Front door

Carpet

Front door jamb

Front door handle/lock

Back door

Total:

Back door jamb

Back door handle/lock

Other

External Works

37

Carport/garage

Garage door

Roof

Asbestos removal

Shed

Chimney

Gutters

Downpipes

General

Requ

ired

Rep

air

Rep

lace

Comments Quo

te

Price TotalQty

Facia

External walls

Hot water unit

Eaves

Bagging

Rendering

Windows

Window shades

Clothesline

Total:

TV antenna

Other

Other

External Works

38

Site clearance

Rubbish removal

Driveway

Tip fees

Skip bins

Fencing

Turf & plants

Soil

Landscaping

Requ

ired

Rep

air

Rep

lace

Comments Quo

te

Price TotalQty

Irrigation system

Paving

Road base

Crushed rock

Decking

Paths

Retaining wall

Pergola

Garden edging

Total:

Front gate

Letterbox

Driveway gate

External Works

39

Stormwater

Sewer connection

Electricity/mains

Gas

Septic tank

Other

Services

Requ

ired

Rep

air

Rep

lace

Comments Quo

te

Price TotalQty

Total:

Trades & Services

40

Architect/Draftsman

Energy assessor

Interior designer

Furniture stager

Engineer

Land surveyor

Mortgage broker

Pest inspector

Quotes

Comments PriceScope of works

Property inspector

Soil tester

Quantity surveyor

Trades & Services

41

Glazier

Plastering

Quotes

Steel engineer

Bricklayer

Renderer

Plumber

Electrician

Machine/Earthmover

Builder

Demolisher

ValuerComments PriceScope of works

Trades & Services

42

Cabinet maker

Painter

Benchtop fabricator

Heating/cooling

Security

Quotes

Landscaper

Other

Comments PriceScope of worksTiler

43

Disclaimer: The information in these courses are based on the personal opinions and own personal experience of property investing by Jane Slack-Smith. Jane is not a real estate agent, financial planner, lawyer or accountant. All information provided by Your Property Success Pty Ltd is not intended to be specific to your circumstances rather one of many tools to assist you with your quest for information so that you can work with your own professionals to build your own investing strategy. After you have finished your research the decision is yours how you want to invest and if indeed you do want to. Any information provided is not meant as investment advice. Jane Slack-Smith and her associated companies including Your Property Success Pty Ltd are now way liable for any loss, damage or misunderstanding caused by mis-management of any information provided or inferred. During the education process Jane Slack-Smith will introduce other companies and website and information to you which she is not associated with, these companies are providers of services and information. You need to do your own research and investigation of the information and services they provide Jane Slack-Smith and her associated companies including Your Property Success Pty Ltd are no way liable for any loss, damage or misunderstanding caused by mis-management of any information provided or inferred by those companies affiliated or referred to in the course material or associated website.

MODULE 4 Property Evaluation Checklist - Amazon S3TUGTR+Course... · comprehensive evaluation...

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Transcript of MODULE 4 Property Evaluation Checklist - Amazon S3TUGTR+Course... · comprehensive evaluation...