Hi There
I am looking at the following house in Nelson and it all looks good - but there's a catch: the upper cladding is all weatherside.
I am looking at the house today so can't comment on the condition first hand, but I have been told that it has been kept in really good nick.
I understand that sooner or later it will have to be dealt with, preferably all replaced; I have also read on here that banks can sometimes reject loans because of the cladding type. Luckily enough finance isn't going to be an issue for me, but I still want to make sure it's a sound investment (planning to have as a rental for a few years and then possibly move in myself).
So my questions are:
1 - how much should I be prepared to spend on the repair? (I've read 60k)
2 - is insurance going to be an issue? can this be overcome?
3 - any other info you can think of would be greatly appreciated
Thanks in advance
Chris
I am looking at the following house in Nelson and it all looks good - but there's a catch: the upper cladding is all weatherside.
I am looking at the house today so can't comment on the condition first hand, but I have been told that it has been kept in really good nick.
I understand that sooner or later it will have to be dealt with, preferably all replaced; I have also read on here that banks can sometimes reject loans because of the cladding type. Luckily enough finance isn't going to be an issue for me, but I still want to make sure it's a sound investment (planning to have as a rental for a few years and then possibly move in myself).
So my questions are:
1 - how much should I be prepared to spend on the repair? (I've read 60k)
2 - is insurance going to be an issue? can this be overcome?
3 - any other info you can think of would be greatly appreciated
Thanks in advance
Chris
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