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 Landlord
As 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
House Prices
No stopping Capital price rises
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
Commercial
Demand challenges for commercial sector
Vacancy rates in the commercial property sector are set to increase as changing economic conditions dampen demand.
Mortgages
LVR loosening likely - ANZ
LVR restrictions were never meant to be a permanent feature of New Zealand’s housing market and ANZ economists argue that some further relaxing of them could soon be on the cards.
