APIA Blog

RSS Feed

Steve Hegh: I have $20K to spend on Healthy Homes, how do I get the most bang out of my buck?

Thursday, February 13, 2020

IMAGE CREDIT: UNSPLASH

 

The Healthy Home Standards became law last year, and the first deadline is coming up on 1 July – where you must include a statement of your current level of compliance in any new, varied or renewed tenancy agreement.

Then, by 1 July 2021, you must be compliant within 90 days for any new tenancies.

So, if you have a budget of $20k to spend on making your property a healthy home, how should you spend it?

Now is the best time to get your property up to standard because, as we saw with the insulation deadline last year, the closer you get to the deadline, the greater the demand as people rush to get compliant. This puts prices up and creates long lead times between booking the work in and getting it done.

Here is what I recommend:

  • The first step is to get a Healthy Homes Assessment from a qualified and independent assessor.

This full assessment of your property will let you know which Healthy Homes Standards you already comply with and what you still need to do to be compliant.

Budget: From $250

The next step is to work your way through the five Healthy Homes Standards:

  • Insulation: this may already be sorted if you had to install new insulation to comply with last year’s insulation deadline. However, note the Healthy Homes Standard for insulation is higher than what was required by 1 July 2019 to be compliant.

Budget: $2,000 – $3,000 (depending on the size of the house)

  • Heating: a heat pump is likely your best option, and you’ll need to make sure it can heat the main living area to 18°C.

Budget: $2,500 approximately (including installation)

  • Ventilation: the bathroom and kitchen need mechanical exterior venting.

Budget for the bathroom: $200 – $1,000 (depending on layout)

Budget for the kitchen: $200 – $2,500 (rangehood)

Budget for the ground moisture barrier: $1,500 – $2,500

Budget for the guttering and downpipes: $1,000

  • Draught stopping: replace poorly fitted windows and doors and get double-glazing where possible. Weather strips can be fitted to fill gaps and prevent draughts.

Budget for window and door replacements: $500 – $5,000

Budget for weather gaps: $10 each

  • Finally, while not part of the Healthy Homes Standards, it’s worthwhile making sure your smoke alarms are up to spec and working.

Budget: $50 – $200

Once you’ve ticked all the boxes, you can sit back, relax and shout yourself a bottle of bubbles!

Don’t forget that in addition to complying with the new legislation, these improvements increase the value of your property and potential rental income.

Get your Healthy Homes Assessment done early and then plan out what you need to do to bring your property up to standard well before the deadline.

Do you have any questions about the Healthy Homes Standards or what you need to do to get compliant? The team at NZ Healthy Homes is more than happy to help you through the process and all our assessors are certified by HomeFit. You can contact me at steve@nzhealthyhomes.com.

 

 

Making Houses Homes

This is a sponsored blog article by Stephen Hegh of NZ Healthy Homes. Sponsored articles are a way for APIA members to share their views and advertise their services. These articles do not necessarily reflect the views and position of the APIA.

 


ABOUT THE AUTHOR

Steve Hegh 

Steve is the director of NZ Healthy Homes as well as a long time APIA member. He holds the following qualifications/accreditations: NZQA Methamphetamine 30892,30893,30894, BOHS IP402 Asbestos Survey and HomeFit Assessor NZGBC.

 

 

 

 

 

Recent Posts


Tags

sale and purchas equity investment strategy property management property value sublease scotney williams Standards New Zealand rent wealth creation TCIT insurance meth extractor fan RTAA 2019 RBNZ insulation finance sale and purchase meth contamination renovation capital gain DTI Question and answer Guest blog negotiation How to Level 4 ventilation rental wof interest rates tax gluckman report data security rta reform structure nzpif Must know heating shower dome banking property water bill market Q&A income minor dwelling anz covid-19 rta subdivision letting Landlording Sponsored post cat ask an expert trespass cgt television election 2017 auckland council house prices termination damage relationship trust housing affordability Kris Pedersen Mortgages and Insurance landlord bond form rent arrears Investment tip development rental market Gluckman worksafe winz initio partners skill shortage parry v inglis CCC Must knows fixed-term tenancy Editor's Choice wins investor first home buying heater ring-fencing Property (Relationships) Act ird Market report clnz tenant letting fee airbnb debt enforcement ocr p lab buying rules tenancy issues unitary plan principal and interest privacy government recycling equity asbestos legal housing bubble boarding house short-term rental HHS lvr robert kiyosaki bad tenant warren buffett Tribunal case study interest only rent increase speculator tenancy services education bond off the plan cash-flow inspection watercare personal growth Holler reserve bank warm up new zealand buying productivity business twg report property maintenance mortgage market rent property cycle financial advisers act CoreLogic smoke alarm buyer's agent HSWA maintenance building management positive cash flow trademe auckland return holiday house Investor story LIM advice beginner investor Jeff Bezos HHGA tenancy tribunal

Archive

Introducing Our Partners
Principal Sponsor - Kris Pedersen Mortgages & Insurance logo Gold Sponsor - Barfoot & Thompson logo Gold Sponsor - CoreLogic logo Property Apprentice logo Keith Hay Homes logo The Insulation Warehouse logo The Renovation Team logo The New Zealand Property Investors' Federation logo
09 360 2376
info@apia.org.nz

The Tenancy Practice Service and TPS Credit Control work closely with the Auckland Property Investors' Association. Our vision of bringing helpful resources, documents and high quality services to Auckland Property Investors and Property Managers is shared by APIA, so its a partnership that works well. 

The Auckland Property Investors' Association is a great organisation for those who want access to advice and information from a range of industry experts and partners. 



Mathieu Holt- Managing Director, The Tenancy Practice Service & TPS Credit Control
Through the Association I found the channels and methods to fund the purchase of property I never dreamed about. Grant Brown

All round it has been one of those things Neil and I felt was really worthwhile belonging to. We have learned so much it has just built our confidence in what we are doing.

Janice Bieleski
I read two articles in the monthly magazine that saved me over $5,000. That is my membership fee for the next 26 years and I am sure I will learn a whole lot more! John Duncan
Fantastic organisation. The networking opportunities are brilliant and provide us with information and opportunities that cannot be obtained anywhere else. We learn something new at every meeting and we've been in this game for nearly 20 years. Pauline and Gyanen Kumar

I find the information obtained from various APIA meetings very useful in guiding my own property investment and rental management.  I also enjoy the networking opportunities with like-minded investors.  I am inspired by other investors’ success and find the more experiences and knowledge that I share with others, the more confident I become.  

Thanks to all APIA event organizers and administrators for your brilliant work. 

Stella Shao

I like talking to people and learning from their experience because it gives me the confidence to invest well. I think it is a knowledge thing. I now know I am doing things the right way.

Stephen Weatherall

My APIA membership has become a total success.

Every time I attend a monthly or regional meeting I come away with so many useful and positive tips that have added value to my property investments and management.

Not only that, the website is a great place for practical advice and useful information. It has now evolved into an important resource for my business.

Talk about value for money! The discounts I have been getting at Bunnings when I present my APIA membership card have more than paid for my annual subscription!

Tim Duffett, Plan A Investments Limited