Investors Support Focus On Insulation And Heating
The NZ Property Investors Federation (NZPIF) supports the focus on heating and Insulation in Phil Twyford’s Healthy
Homes Guarantee Bill.
“The focus of the Healthy Homes Guarantee Bill is sensible and pragmatic. It tackles the two biggest problems, the cold
and the damp, and it shouldn't incur large compliance costs compared to a Warrant of Fitness” says NZPIF Executive
Officer Andrew King.
The NZPIF believes that well intentioned calls for a Warrant of Fitness (WOF) on rental properties to improve the health
outcomes of children may be expensive to administer and the requirements for the WOF have already started to escalate.
Under the Healthy Homes Guarantee Bill, Landlords will be required to make a declaration that their rental property
meets the standards required by EECA. While the detail of these requirements is not yet known, this system will minimise
rental price increases by eliminating the regular and expensive WOF inspections of rental property.
"The focus of any new regulations should be the low income tenants with sick children" says King. "We need solutions
that minimise rental price increases, as a big part of the existing problem is tenants being unable to afford the power
to heat their homes. An expensive WOF system will only make this worse.”
ENDS