Tweet
Hello forum of very knowledgeable and helpful property folks,
My partner and I are looking to buy a first home in Auckland and have come across one that is within our budget that we like a lot. It is a stucco house that was built early 1950s and appears to be dry and sound underneath. However, there was an extension built in 1998 that is timber framed plaster. It has no eaves, but there is narrow flashing above the windows/doors and the wooden joinery looks to be in fairly good nick. A new roof has been put on in the last 5-10 years and there are no obvious signs of moisture or water damage inside or outside.
The LIM is available but unfortunately I've run out of time prior to the auction (on Friday!) to source the property file from the Council so don't have any details on the plans and construction of the extension. Building permits on the extension had not been signed off but the vendor is in the process of finalising the CCC (inspections completed) and receipt of the CC has been made a condition of sale. When I asked the agent about weathertightness he gave me the standard "The owner has had no problems but if you have concerns get a building inspection" response. I've had a builder mate check do an initial walk-through and am waiting to hear his feedback, but in the meantime I'm trying to understand what the risk profile is. Does this immediately raise red flags for those of you in the know? Does getting a CCC mean that the construction is sound and safe?
I've had advice that there is a general stigma around anything plaster and that this might limit the resale value, but it could also mean that the purchase price is lower. We're looking for a home to live in for the near future, not necessarily an investment to make money on, but we certainly don't want to end up worse off. We can't afford to buy a house that something that needs partial recladding but the brick and tiles are selling beyond our reach in this market...
Any thoughts, inklings or advice would be much appreciated. Thanks in advance!
My partner and I are looking to buy a first home in Auckland and have come across one that is within our budget that we like a lot. It is a stucco house that was built early 1950s and appears to be dry and sound underneath. However, there was an extension built in 1998 that is timber framed plaster. It has no eaves, but there is narrow flashing above the windows/doors and the wooden joinery looks to be in fairly good nick. A new roof has been put on in the last 5-10 years and there are no obvious signs of moisture or water damage inside or outside.
The LIM is available but unfortunately I've run out of time prior to the auction (on Friday!) to source the property file from the Council so don't have any details on the plans and construction of the extension. Building permits on the extension had not been signed off but the vendor is in the process of finalising the CCC (inspections completed) and receipt of the CC has been made a condition of sale. When I asked the agent about weathertightness he gave me the standard "The owner has had no problems but if you have concerns get a building inspection" response. I've had a builder mate check do an initial walk-through and am waiting to hear his feedback, but in the meantime I'm trying to understand what the risk profile is. Does this immediately raise red flags for those of you in the know? Does getting a CCC mean that the construction is sound and safe?
I've had advice that there is a general stigma around anything plaster and that this might limit the resale value, but it could also mean that the purchase price is lower. We're looking for a home to live in for the near future, not necessarily an investment to make money on, but we certainly don't want to end up worse off. We can't afford to buy a house that something that needs partial recladding but the brick and tiles are selling beyond our reach in this market...
Any thoughts, inklings or advice would be much appreciated. Thanks in advance!
Comment