Great news for Landlords, Auckland Councils Retrofit Your Home Programme will now allow Owners to have the insulation costs of up to $5,000 included in their rates and paid off over 9 years. There will be an interest rate applied of 6.60%, although you can make additional payment and pay off the balance earlier without penalty. The offer will be available till the end of June 2018.
As most Landlords are now aware, every rental property must have insulation by July 2019. This offer will be very welcomed for a lot of owners who rent their property out but who cannot afford the upfront costs that will be required by the July 2019 deadline.
It will also encourage Landlords to get any required insulation work done sooner rather than waiting right to the deadline. It is very likely that the sooner we approach the deadline date, we will start to see the cost of insulation increase as contractors get flooded with orders, worse you may even see long wait times before installations can be booked.
In addition some Landlords may also be eligible for grants of 50% of the cost of insulation for landlords with low-income tenants who hold a community services card, under the ENERGYWISE™ grant.
The Healthy Home grant of $5000 isn’t just for insulation it can also be used towards:
- clean heating
- fire place removal
- bathroom or kitchen mechanical extraction
- water tank installation
- water efficient devices.
To be eligible you must:
- you are an Auckland Council ratepayer
- you are up to date with your rate payments and have a good payment history.
Let Pedersens take away the hassle, contact us today and we can help you and your rental property take advantage of this great offer.
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