Winter is Coming, and so Are New Healthy Homes Standards

Winter is Coming, and so Are New Healthy Homes Standards
Landlords, are you losing money to procrastination? If you own a rental property, you will be aware that the clock is ticking on the 1 July new Healthy Homes Standards – your tenants most certainly will be. From 1 July 2021, the fine for failing to comply with the standards within 90 days of any new or renewed tenancy is $7,200, plus the additional costs of making your home compliant and any mark-ups you may face due to last-minute demand. If you fail to provide healthy homes information you could face a charge of $750.   Avoid Confusion One reason some landlords are procrastinating is that the information is confusing. For example, the Government has made wattage, not temperature, the goal of measurement for a rental property living room. One of the new standards also calls for the size of the openable windows and doors to be at least five percent of floor space in each room, while another speaks about ‘noticeable drafts’. An unclear understanding of the standards may result in you paying more than you have to, as well as being caught short. If you’re a landlord struggling to understand the detail of what’s required, talk to Maintain To Profit about getting a healthy home assessment.   Summary of Standards The 1 July deadline – now just weeks away – for implementing the new regulations will require landlords to have their properties up to these minimum standards for new and renewed tenancies: Heating: Every rental property should have one or more compliant fixed heaters that can heat the main living room to the required heating capacity. You can...

Beach house renovation

Beach house renovation
Our client has recently acquired a house in a beautiful coastal location and assigned Maintain To Profit South East Auckland with the project of updating the interior of this three-bedroom brick house. The focus of this beach house renovation was creating a modern and easy care space for their family holidays and possibly full-time living once the owners decide to retire and leave the hustle and bustle of the city.   Kitchen renovation Our client has decided to keep the existing kitchen layout. U-shape kitchens offer a lot of workspace and space for cabinetry. The open-plan room allows one arm of the ‘U” to be made into a peninsula that can be accessed from both sides and used as a breakfast bar. It also offers a lot of storage volume, easily accessible from both sides. With high-quality, German-made hardware, quality stone benchtop, and dense MDF cabinets, this timeless kitchen will last well over 15 years.   Accommodating growing family needs As the family grew, it was essential to focus on making the house kid-friendly and easy to clean. The German-made laminate flooring works great for kitchen and living areas. It’s durable, easy to look after, and the underlay is sound absorbent. Commercial grade vinyl was installed in the bathroom and en-suite. A thick carpet with good quality underlay was the perfect choice in all the bedrooms and the corridor. We also installed industrial carpet in the garage as it might be providing additional accommodation options in times of big family gatherings.   With the new kitchen, new flooring, and newly painted walls, the house looks fresh and ready to...

Best Home Improvement Upgrades to Help you Sell Your Home

Best Home Improvement Upgrades to Help you Sell Your Home
Have you been considering upgrading your home to boost its selling value? Do you know what sort of improvements to prioritize to get the most out of your money? Indeed, there isn’t a one-size-fits-all approach. However, it pays to know some basic home improvement concepts that you can customise according to your needs, target market, and budget. We listed some of the best house revamp ideas you can tap into to attract more potential buyers and avoid blowing your budget. #1. Work on Your Curb Appeal First impressions matter, so what better way to wow buyers with a beautiful home exterior. There are a ton of things you can do, ranging from repainting the exterior walls, installing flower boxes, cleaning up the driveway, and upgrading your exterior lighting fixtures. To know what you should do for your home exterior, we recommend taking a walk around the property. #2. Revamp the Outdoor Space Outdoor spaces make an excellent addition to any property. It can quickly become another go-to area of the new family who will move in. If you’re looking for a simple upgrade, you can add a patio or deck. It will be the perfect hangout during summer, and it can drive up your home’s selling price by up to 30 percent. If you don’t mind spending a bit more money, you can add a sunroom or perhaps install awnings to create an outdoor lounge. #3. Adding Extra Square Footage Many couples and families looking for new homes strongly value extra square footage. The new homeowners can conveniently turn the spare room or space for storage, kids’ play corner,...

How To Finance Your Renovation Project

How To Finance Your Renovation Project
Renovating your home not only increases the selling value but also improves the quality of your life by transforming the property into your dream home. According to the Westpac NZ Construction Lending Specialist Francis Reade the most popular reasons for renovation include: – Cosmetic tidy ups before selling – Sprucing up the garden – Upgrading the kitchen – Building an extension for a growing family – Building an outdoor living area for entertaining – Adding an extra room for a home business – Building a minor dwelling to rent it out There are several ways to finance your home or investment property renovation without breaking your bank account: A Home Equity Line of Credit If you have enough equity in your home (for example if you house is worth $1 million and your mortgage is $400,000) the bank would give you an overdraft-type of facility that has a mortgage interest rate and you spend it when you want to, providing there is no major structural alterations to the existing home.   A Home Equity or Home Improvement Loan If you don’t have a lot of equity the bank would let you know the pre-approval amount they are willing to lend. The bank would control the loan. The customer would send the bank a copy of the contract and invoices for the renovation and the bank would approve the loan and pay the invoice directly to the contractor when required. Banks usually allow the owner to borrow up to 70 per cent of the property value. Renovation loans can cover a wide range of home improvements including driveways, extensions, landscaping, basic spruce ups like painting and floor coverings, swimming pools and more.   Apply for a...

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