Considering Leaky Home Problem when buying or selling a New Zealand Home

Considering Leaky Home Problem when buying or selling a New Zealand Home

Purchasing a home in NZ has become a gamble that many potential buyers are not willing to take. The unfortunate situation is that the majority of the NZ homes have not been built to be weathertight. In an effort to alleviate the market scare and educate potential buyers on the existing leaky home situation, this article should help identify if you own, or may be purchasing a leaky home.

New Zealand specialist leaky building law firms have been working vigilantly on behalf of leaky home owners to retain their legal rights and pursue compensation to repair their leaky homes. They encourage leaky building owners to seek out legal advice before taking action, as their right to pursue legal action may be in jeopardy.

A variety of factors have contributed to the leaky building situation in New Zealand. It has become clear that the staggering number of leaky buildings has caused a frenzy of leaky building litigation and building disputes. As a result, potential homebuyers are uncertain if they should make such a substantial investment in a home. Leaky home owners who wish to place their home on the market often are at a standstill until they can repair the damage.

If you are in the process of making an offer on a property, take measures to ensure that it does not have any inherent defects and does not fall under the leaky home category. A preliminary inspection of particleboard flooring, signs of mould, discolouration, staining, and separated sealant joints will indicate if the home has some preexisting water damage. Even if you do not see signs of damage, a licensed inspector has the ability to uncover any hidden damage.

The potential existence of these defects should not deter you from purchasing a home. In fact, Government subsidies and financing exists to repair existing damage and seek additional remedies through builders and material manufacturers.

If you are considering purchasing a home, but are concerned about leakage or moisture damage, we recommend a thorough, licensed inspection of the home to put your mind at ease. If you are a homeowner who is unable to sell their leaky home due to existing damage, consult a law firm that specializes in leaky building litigation. Leaky building disputes can often be effectively resolved through litigation, allowing you to repair the defects so you can sell your home.

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