Dry home costs $2500 more
Thursday 24 June 2004
New building standards to stop leaks will cost about $2500 a house - but the changes are predicted to save about $800 million in repair bills.
By The LandlordAs a torrential downpour exhausted itself over Auckland yesterday, Building Industry Authority chairman Barry Brown launched changes to the Building Code, to outlaw some materials and practices that have contributed to homes rotting.
The changes are a response to the leaky building crisis, which some experts believe could affect tens of thousands of houses built in the last decade.
The new rules, covering a range of common building practices, govern construction of timber-framed buildings up to three levels high. They come into force from next February 1 and add more detail on how buildings should be designed and built to stop them leaking.
People building under the existing rules have until January 2006 to finish work and get their buildings signed off by a council inspector.
Read More - Opens in a new window
Commenting is closed
The property market recovery just keeps stepping up the pace, with QV’s latest data revealing that all sixteen of the major cities they monitor saw quarterly value growth in January.
Tightening credit conditions could impact on New Zealand’s booming commercial property market, according to the Property Council’s chief executive.
Heartland has expanded its reverse mortgage business and will now lend against investment properties and second homes, as the product becomes more popular in New Zealand.