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{{name}} - APIA Auckland Property Investors

Wall insulation? No idea. 🤷‍♀️

This week's question comes from Phoebe re the HHS compliance statements (paraphrased): Tenancy Services' template HHS Compliance Statement has a section on Wall Insulation. I see that I am only required to disclose the information 'if it's known' but the 'I don't know' option seems to require some explanation for not knowing. How do I prove something I couldn't know? Do I need to buy a prop...
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{{name}} - APIA Auckland Property Investors

Template certificate for rental insulation

This week's question comes from Paul (paraphrased): Where can I download a template certificate for insulation at rental properties? Perhaps it would be prudent to preface the answer somewhat. To be clear, an insulation certificate is not the same as an insulation statement. The latter is a mandatory requirement for your tenancy agreement under both Minimum Standards and Healthy ...
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{{name}} - APIA Auckland Property Investors

HHS Compliance #2: Insulation requirements at a glance

Welcome back to Part 2 to our Healthy Homes Standards Compliance Series. After covering heating last week, let's turn our attention to insulation. Landlords will be well aware that there are the 2016 Minimum Standards for insulation to be met by 1 July 2019. The HHS Insulation Standards go a step further to require there to be qualifying ceiling and underfloor insulation to the 2008 b...
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{{name}} - APIA Auckland Property Investors

Is remedial insulation deductible?

This week's question comes from Ron (paraphrased): What is the tax treatment for remedial insulation on a rental property where existing insulation is going to be topped up (i.e. part repair part improvement)? Mark Withers from Withers Tsang kindly responds below: The government has not assisted the push for better insulation of Kiwi homes by failing to clarify the capital/revenu...
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{{name}} - APIA Auckland Property Investors

Ouch! Absent or defective insulation statement could set y​ou back $500

From 1 July 2016, all new residential tenancy agreements are required to include a signed insulation statement detailing the extent of insulation in the property. At the time of passage, this requirement was seen by many as a bureaucratic intermediary in anticipation of universal insulation by 2019. But if its recent orders are anything to go by, it is apparent that the Tribunal has...
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{{name}} - APIA Auckland Property Investors

What does Peter Dunne’s resignation from Parliament mean for investors?

This afternoon, Hon Peter Dunne announced his resignation from Parliament after serving 33 years for the Ōhāriu Electorate. This move came shortly after the One News Colmar Brunton poll released just last week putting Labour’s Greg O’Connor well ahead of the polls. National has since announced that it will be throwing its full support behind its own candi...
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{{name}} - APIA Auckland Property Investors

More details on rental minimum standards from 1 July

Since the announcement last year of minimum standards being introduced for all rental properties, there has been a lot of demand within the landlord industry for more specific directives as to what exactly these standards are to be. It is very well to make insulation and smoke alarms compulsory but how much insulation and how many smoke alarms should be installed? Over the last man...
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{{name}} - APIA Auckland Property Investors

The politics of houses

With the General Election merely weeks away and housing being the epicentre of the political battlefield, it is time for property investors to understand the positions of each of the major political parties and how our investments are likely to be affected. Below is a summary table of the four major political parties and their policy positions for the seven hot button issues for investors:...
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{{name}} - APIA Auckland Property Investors

Heating Up Rental Homes

Heating As we embrace for another cold winter consider your tenants by making their winter more bearable, especially if they have children or elderly living in the home. The World Health Organisation recommends that the temperature inside the home should not be lower than 18degrees. It goes without saying insulate first and then look at choosing an efficient heating system for your house as ...
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{{name}} - APIA Auckland Property Investors

There are some things money can't buy

Ellerslie rental, $698,000. Gutting, stripping, sprucing, $7,000. Trade Me marketing $149 (what's up with that anyway?!). Nifty internet tools to up your investment game? Priceless. Take a look at some of these neat little tools for property investors: Walk Score Walk Score represents the modern ethos of healthful and energy conscious living that is community focused and celebrates ...
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