"By the end of this year households will see the levies and taxes on people who insure themselves sky rocket. From 1 July there will be a 40% increase in the levy used to fund the fire service which everyone benefits from, not just the insured" Insurance Council Chief Executive…
Jan 22
Sep 19
Risknet Limited, having researched and collated data for many years on the Christchurch property market, firmly believes buyers need not only be aware, but to ensure they undertake a more stringent property due diligence regime on any prospective property purchase. Many homes have been adequately repaired and some to a…
Aug 19
Let us be somewhat generous with our thoughts around Canterbury housing stock. Yes - we have had a significant lift in house quality. Not surprising, given the level of damage the city endured, and the billions of insurance dollars paid to owners. Our local trade-based retailers have fared extremely well,…
Jan 07
Floor Levels Residential We check Christchurch Floor levels for all houses built pre-2010. A critical part of robust property due diligence. Floor Levels are a good starting point to flag potential problems with a specific dwelling. Current issues may include load bearing walls, foundation uplift or settlement, hogging in the…
Jul 19
Without insurance, you will likely not get Finance, or your Finance will be so expensive that you would have to be pretty confident that the project would be worth it long term. Insurance cover, and good insurance cover is the key to property ownership in Canterbury.
May 19
Property Insurance. Buyers need to be wary. When submitting a claim for predicted future events, it will not be uncommon to learn that the insurance cover they believe is in place may not be valid and therefore may not cover specific elements, or potentially may be voided altogether. All too…
Aug 19
Is the selling of these earthquake damaged homes legitimate? According to the Real Estate Institute, the selling agents are merely performing their duty by promoting these properties with 'no vendor warranties or liabilities'. The selling agents use various clause exclusions around risk and liability, and new inclusions re-emphasizing that there…
May 19
House Flipping is nothing new, and has become more common of late with TV channels promoting the 'how to' approach to property renovations. Unfortunately many who look to make a quick or decent profit will compromise on many elements that were in need of repair. Foundation damage is the highest…