Renovating · Koste Knowledge Base

What happens if I renovate before getting a depreciation schedule?

Published 26 June 2026 · Last updated 26 June 2026

Quick Answer

You may still be able to prepare a depreciation schedule after renovating, but some scrapping opportunities may be harder to support. Photos, invoices, old listings and builder records can help reconstruct what existed before works began.

Renovating before getting a depreciation schedule is common.

It may still be possible to review:

New renovation costs
New assets
Capital works
Builder invoices
Appliance receipts
Photos before renovation
Real estate listing images
Old inspection reports
Demolition invoices
Strata records

However, removed assets may be harder to value if there is no evidence.

Koste.ai should allow users to upload:

Before photos
After photos
Builder invoices
Scope of works
Appliance receipts
Floor plans
Old sales listings

Frequently Asked Questions

Is it too late after renovating?

Not necessarily, but evidence is more limited.

What evidence helps?

Photos, invoices, listing images, inspection reports and builder scopes.

Can new works still be claimed?

Yes, where eligible.

Can removed assets still be written off?

Possibly, but support is harder without evidence.

Can Koste.ai accept photos and invoices?

Yes. The workflow should allow upload of supporting records.

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Written by Koste Team · Koste Chartered Quantity Surveyors · AIQS Member · RICS Member · TPB Registered · 1300 669 400 · info@koste.ai