What Is A Property File?27 Jan 2021

There are lots to think about when buying a new property.

Finances, suitability, age and style.

The other critical point is the overall condition of the home. What areas may need attention in the coming years? What needs looking at right now? Is the property a worthy investment overall?

Most home buyers are aware of the critical documents required to make an informed decision, being the Legal Title and the LIM Report. However we also suggest you need to make one more step before making an offer on a property, and that's to review the Property File.

What is a Property File?

A New Zealand Property File contains information about the property that aren't included in your LIM report. This report will contain information on the extra work being done on the property that the local council is aware of. Be aware that if the work did not get consent, it won't be available on file.

There typically is a cost for obtaining this file from your local council, and potentially another cost for making a copy. You may also incur a charge for copying the file, but we wouldn't expect you'd pay more than $50 - $100.

Why Should I Obtain a Property File?

The documents included in a New Zealand Property file can contain include architect drawings, any of the communication file between the local council and the homeowners and the architects. The report will also typically contain information around:

- Building consents
- Building plans
- Code compliance certificates
- Certificate of acceptance documents
- As-builts (internal sewer and stormwater plans)
- Planning and subdivision information - resource consents

All this information is critical in building up the history of your property along with any potential issues identified on the property in the past. This information is especially critical when it comes to the structure of the home, but can also point to other issues with sewage pipes, drainage etc.

Does a Property Report replace a Building Inspection?

No, it more compliments your building inspection in that helps you make better-informed decisions and make you fully aware of the true history of your home.

Buying a home is a big investment and you need to be aware of the history of your future home. Making these small steps now can save a lot of headaches (and extra cost) in the future.

Link: Telfer Young Building Inspections are New Zealand's Leading building inspectors. Contact our offices in Taranaki, Rotorua, Taupo and Northland.