Buying guide
Should I buy a monolithic cladding house? Understanding NZ leaky homes
Properties with plaster or monolithic cladding can be risky purchases, but they're not all leaky.
AI summary
Buying a home with monolithic cladding requires caution due to its link to NZ's leaky homes crisis. These properties can trap moisture, causing rot and potential health issues.
Key risks include:
- High repair costs, often exceeding $330,000
- Difficulty securing finance and insurance
Before purchasing, look for warning signs like mould or sagging ceilings. Always get a specialised building inspection to assess watertightness, especially for homes built between 1987 and 2005, to understand the full investment required.
What exactly is a leaky home?
What caused the NZ leaky homes crisis?
Monolithic cladding — the main culprit?
Not all plaster homes leak, but they may be at a higher risk.
How can I spot a leaky home?
If you keep your eyes open during a property inspection you may be able to spot signs that a home is leaky.
Not all plaster homes are leaky but they should be approached with caution.
The cost of fixing a leaky home
Should I buy a monolithic cladding house?
FAQs — Navigating leaky homes in NZ
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