Property Price Increases and Decreases
The February residential sales results issued by the Real Estate Institute of New Zealand and Quotable Value (QV) are now available. Below are the median sales prices showing February compared to January 2017.
I think the Auckland fall in prices in February (1%) is not a trend and expect that to be reversed in the coming months. There is still a large housing shortage in Auckland and net migration is still very strong.
Is it worth having a Building Inspection on a Brand New Home?
Why spend money on a home inspection for a newly built home? The home after all has been inspected by the local council from start to finish. Then a CCC (code compliance certificate) is issued and the builder offers a guarantee.
That all seems well and good but you need to be aware that the council building inspector only checks specific aspects of the build to ensure that they comply with the building code and not every aspect of the property is inspected.
A Buyer’s Choice Home Inspectors report inspects every aspect of the house inside and out. Remember the vast majority of the leaky homes that we hear about were inspected by the council and have a CCC.
With a severe shortage of tradespeople for house construction in New Zealand there is a real pressure for every tradesperson to finish a job quickly and move onto the next. In many cases the quality of the workmanship can suffer. Many experts are predicting this may well lead to the next generation of leaky / defective homes.
With the average price of a house costing $1,000,000 in several parts of the country it makes sense to invest a few hundred dollars to have a detailed comprehensive report. Look online at a sample report from A Buyer’s Choice Home Inspections.
A typical report would be between 50 – 80 pages and includes 100 – 200 photographs. The inspection includes areas not normally or easily seen by the purchaser. These include the roof, gutters, crawl space and the roof space (between the roof and ceiling).
New Zealand Methamphetamine Draft Standard on Testing and Decontamination.
The NZ Standard NZS8510 is expected to come into effect in the next couple of months. It will set out standards for the testing and decontamination of methamphetamine contaminated properties.
Police have indicated that manufactures of methamphetamine or “P” have resorted to manufacturing the drug in cars, caravans and motorhomes. So if you buy a second hand car, caravans or motorhome or hire a caravans or motorhome and start to feel unwell – headaches, dizziness, shortness of breath, nausea, coughing, watery or burning eyes or burning skin it could be “P” contamination.
All A Buyer’s Choice Home Inspectors are qualified testers and will inspect to NZS8510 to give you peace of mind.