Separate self-contained dwelling
Evan asks:
(updated on Friday, March 23rd 2012)
Our Experts Answer:
There are a number of considerations before renting out a separate area of a house as a standalone residential unit. It is important to check you have planning permission, by way of a previous approved planning permit or resource consent or council confirmed existing use rights. On occasions these sorts of units were either construed illegally or have morphed out of a rumpus room or pool house. Therefore building consent issues relating to fire and other matters need to be confirmed with council, as often ovens have been wired up to the second unit without electrical certification. This gives rise to insurance. Is your insurance company aware that there are two units being rented out on the property?
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| AIA - Go Home Loans | 4.00 |
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| ICBC | 4.49 |
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| SBS Bank Special | 4.69 |
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| ANZ Special | 5.35 |
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| BNZ - Std | 5.35 |
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| SBS Bank Special | 5.49 |
| ICBC | 5.65 |
| Kainga Ora | 5.69 |
| ASB Bank | 5.75 |
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