Leaky home-style houses won't sell
MARNIE HALLAHAN
Would you consider buying a plaster-clad home?
Relevant offers
Money
Home buyers are turning their noses up at perfectly good homes because they look like those affected in the leaky home epidemic.
Property owners and real estate agents are struggling to sell monolithic-style homes because the style is associated with the leaky home disaster that affected 110,000 homes nationally with an estimated repair cost in the billions.
Ray and Robyn Bush's 1980s plaster-clad home is for sale and has been given the green light after a thermal imaging report found no evidence of leaking or moisture build-up.
But it's getting buyers in the door that's the problem, they say.
''People will often not even get out of the car once they see that a house has plaster cladding,'' Robyn Bush says.
The three bedroom Bayswater house has been on the market for two months without any serious interest despite being offered at a selling price of $790,000, well down on its $900,000 valuation.
Ray Bush has been told he may need to reclad his home which could cost up to $200,000 in order for it to sell. He says that's outrageous considering he has certification that it's not a leaky home.
Bush is frustrated that potential buyers are lumping his house with real leaky homes, but admits he wouldn't jump at the offer of buying another plaster house himself.
''I would have to say that I would be wary.''
The stigma around plasterhousing experienced by the Bush family is being felt among North Shore real estate agents.
One Harcourts agent titled a Mairangi Bay housing advertisement "In praise of plaster".
She went on to say: ''Let's face it, many houses on the North Shore have been built with plaster cladding and are among the best looking and most liveable houses you will find. Not all are leakers!''
New Zealand Homeowners and Buyers Association chief executive Roger Levie is sympathetic towards owners dealing with fallout from the leaky homes situation.
''A lot of the older houses are constructed with better materials and it is unfair they get tarnished with the same stigma.
''The real message for buyers is full due diligence.''
Levie warns that regardless of construction, experts have proved that plaster cladding is more likely to fail in its lifetime than other cladding.
Auckland Council has recently lowered the rating value of around 5000 buildings with known weather-tight issues and many thousands more built in the same style.
Levie defends the move saying that ratings valuations must keep in line with market values.
''The valuation is a reflection of the world and that is the market view, whether it's right or wrong.''
- © Fairfax NZ News
Sponsored links
Those thermal imaging tests are just like the plaster houses- nice and easy to complete, cheap, the result looks nice, but does it really work? I wouldnt trust my financial future on a thermal imaging test or a polystyrene house. Thermal imaging is for measuring temperature on a surface, not for sensing water or rot inside a wall. For that you need a moisture probe, in as many places as possible.
As a number of people have said, Christchurch houses with plaster or rockcote over polystyrene have fared the best through the quakes. Mine is constructed that way, and I only have a small vertical crack about 30cm long, as opposed to my neighbours either side and opposite me, who's houses have to come down. Yes, they're brick clad. Anyway, design is the biggest factor in leaky homes, combined with untreated timber.
The best house construction is old-fashioned weatherboard on wooden piles. They stood up really well in the Canty quakes. You could perhaps consider brick in Auckland given the lower seismic risk. But, weatherboard can be given a new look so easily with a bit of paint. Reclad your plaster house in wood. Wood is flexible and copes with the environment in NZ. Decent eaves and flashings are also important. Buyers and valuers can spot a property that has been built cheaply. Build a smaller house with proper materials rather than a cheap large house. Who are you trying to impress anyway?
We have a plaster clad home, its amazing. We ensured we had a full inspection to make sure there were no leaks. I think its all been blown out of proportion by the media. Not ALL homes are leaky yet that seems to be the perception.
In fact, our home is warmer and drier than any other home Ive ever lived in.
If it's made of plaster, spray coated applications, plaster over polysytrene or hardi backer it's a case of when not if it will leak. Anything built from 1993 to 2005 like this will also have untreated framing. Avoid at all costs. If your bank knows the property is of this type they will not want to fund it - end of story, probably have trouble getting insurance too. If it has decks above rooms soon you will have water dripping through your light fittings! Give me an old villa, bungalow or ex state any day! p.s even homes that have neen reclad are now leaking again - reclads are just as unwanted as original clads!
What does it matter if a plaster clad house is perfectly dry and sealed today? The problem is that it may not be that way tomorrow, the risk that it will leak at sometime in the future is just too great. Just look at the terrible things.
Besides which these houses aren't exactly cheap. They're awful value for money. I want something that will be standing long enough to retire in when I've finished paying for it!
Well i have a house with no treated timber, and no leaks or rot. Why not leaks or rot, because it was designed well. 108 years old and going strong
There is a saying in the building industry, a good hat and agood pair of boots and you will be fine. In NZ terms that means piles and a roof with eves, external gutters and well painted.
This sytem has worked for centuaries all around the world so stick with it is my advise.
Council's can only do and enforce the laws of the time. They tightened up laws under Labour, now under National we are seeing the laws of building be relaxed again.... more chances of leaky homes! More support needed by the government and more accountability required by the companies who actually made/make the products that are prone to leaking.
One of the most interesting things about all this is the various companies making a mint out of doing the building inspections on behalf of buyers. Many of these companies are as bad as those who first built the real leaky homes. These inspection companies simply duck for cover every time they write their reports as they are not prepared to do the due diligence that the potential buyers actually ask them to do and pay for. Instead they write the same old vanilla flavoured reports and protect their backsides by stating these sort of houses have the potential to leak. God save us, every single house ever built has the "potential to leak" and yet these inspection companies get away with blue murder and cream the fees from the prospective buyers and as a consequence play a large part in killing the property market. Where are the ethics there?
Interestingly enough one of the major players in this market was recently the initiator of a complaint to the Real Estate Institute about an agent who had the guts to stand up and be crtical about their credentials. Particular agent, one Mr Waller, an ex-All Black, was taken to task over this - but appears to have a bit of support over the courage he showed.
Port strike to last three weeks
Market midday: NZ shares rise higher at noon
Skellerup posts record half-year profit
Fairfax profit falls 41 per cent
New hope for kiwifruit growers
Port's shares rise on news of record profit
APN posts A$45m interim net loss
EU expects eurozone to suffer mild recession
Treaty obligations to stay in SOE sales law
Carterton tragedy: Safety chief would refuse balloon ride
Major courts overhaul proposed
Foreign Affairs Ministry confirms 305 jobs to go
Mob cancels star's performance
Kiwis not up with online security
Helena Bonham Carter 'honoured'
New hope for kiwifruit growers
Gender non-conformity linked to abuse
Nelsen cleared to lead NZ against Jamaica
Robinson starts for Chiefs against old team
Man's childhood comic collection fetches $4.2m
Carterton tragedy: Safety chief would refuse balloon ride
Mob cancels star's performance
Girl's three-hour punishment run fatal
Model ignores Victoria's Secret snub
Study looks at Kiwis' height, weight
Jennifer Aniston loves being lewd
Newest First
Oldest First
Wow a lot of you people bagging plaster homes really have been sucked into what the media tell you!! It is not the plaster systems that have failed but the design of the homes, blame your architects who did not put any eves on these leaky homes, that is where the problem lies.
Oh and it is also only Auckland that is having these selling issues, everywhere else, they are selling just fine.