Budgeting for property repairs and maintenance can be challenging. No two properties are the same—a lot of variables come into play. However, if you’re hunting for a ballpark figure, here are three formulas that might help.
The Healthy Homes Guarantee Bill now requires landlords to insulate their rental properties. While we endorse the move to ensure all tenants have a warm, dry home we recognise this is a cost to landlords. However, ANZ has come to the party with interest-free insulation loans. Lodge City Rentals General Manager, David Kneebone gets the low down on the offer.
Warm, healthy homes are in demand in New Zealand and the topic has taken extra prominence since Prime Minister Jacinda Ardern and the Labour-led coalition government took their seat at the top table last month. David Kneebone, Lodge City Rentals General Manager, explains what landlords need to know about insulating their rental properties.
Warm, dry, healthy homes are a trending topic as Labour’s Healthy Homes Bill awaits its passage through parliament. The new legislation will require landlords to provide healthy homes for tenants, but the landlord’s work doesn’t stop there.
While your tenants will ensure your investment is bringing you a return, there will inevitably be maintenance and repairs required at various times. Some of these will be unexpected, others you can plan for, but either way it’s important to have finances set aside to cover these costs.
When it comes to rental maintenance, it can be difficult to know who is responsible for what. Who is responsible for cleaning or maintaining the smoke alarms? Is it you, or the tenant? Sometimes the lines get blurry.