Last week Wellington launched its voluntary WOF scheme for rental properties. Each property needs to meet 29 criteria including heating, insulation, ventilation, structural stability and sanitation. A property must pass every category to get its WOF, which will last for three years; the process costs $250.
Will Auckland follow suit?
Efforts to make sure landlords insulate properties date back to 2007 and the idea of a rental WOF has been gathering momentum over time. It’s quite possible that a rental WOF is going to become compulsory nationwide, in the same way that commercial buildings usually need to have a BWOF (building warrant of fitness).
Apartments tend to be warmer and drier than standalone homes, but if the rental WOF becomes a nationwide scheme it will increase the cost of owning all types of rental property. A good property manager will be more valuable than ever, because we will manage and administer a property’s WOF on behalf of the owner every three years. Would your property pass its WOF?
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