Here's to a prosperous 2017! We want to help you get 2017 off to a good start, so here’s a few thoughts for your property investments and the rentals you look after.
Summer vacancies - time for RTA action?
We can check your rental property compliance and supply a Statement of Insulation to include with your new Tenancy Agreements. At only $49 this makes a lot of sense, especially considering the penalty is up to $4000 per breach for non-compliance. And of course, the $49 cost is refundable if you do choose to get insulation installed by us.
To find out more about the RTA requirements, we've created an easy reference. Click here for your copy of the “Landlords’ Guide to the RTA".Fines, grants for landlords approaching insulation deadline
50% Insulation Subsidies for rentals
To qualify, the rental properties must 1) be built pre-2000 and 2) have tenants with a Community Services Card and/or or a health referral from an approved health provider.
Of course, some property investors are putting off getting insulation installed and up to scratch because it’s not mandatory until July 2019. It’s worth remembering though, the government’s 50% subsidies are for a limited time.
So don’t miss out, take advantage of the deals available now. Get in touch to find out what you could save.
Smart landlords insulating now - Sponsored Stories - NZ Herald News
Financing options for insulation and more
Local Council Rates:
Regardless of subsidies, you may be able to put the costs of insulation or even a heat pump onto your rates. It does vary by council, but in many cases the funding can be paid off via your regular council rates payments at a modest interest rate over a period of up to 10 years. You can check if there’s a Local Council Targeted Rates programme in your area here.
The lowest finance interest cost is typically your mortgage. Most major banks will let you add insulation costs to your mortgage and will waive top-up fees. To simplify the process with banks even further, we can provide a quote and connect you with a broker so you can coordinate all the financial and legal requirements over the phone*. What’s more with this service you can add ventilation, heat pumps, LED downlights and insulation to your mortgage. Click here for more details.
*There's always a bit of small print required with these things... Here's ours: Currently the broker service applies to ANZ, Westpac, ASB and Sovereign mortgage holders.
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