Earlier this week I received this update from IAG (my insurer) and it caught my eye as to the new innovation for concrete floor slab replacement. Who would have thought we would have been working under homes a couple of years ago, let alone one that is on 2.7m on stilts?!
… the volume of earthquake repairs involving house lifting provided the right opportunity for local company, Smith Cranes and Construction, to innovate and improve on existing methods.
Smiths set about developing a high-lift hydraulic jack around 18 months ago, spending time developing and testing the new system to get it right at a cost of around half a million dollars. Last month IAG was the first insurer to use this exciting new system as part of repairing a customer’s home.
It makes for interesting reading and it really is quite remarkable what technology is out there to assist with progressing the rebuild of our homes.
Uninsured “As Is” Homes
Both these properties provide opportunity in their own way – 12A Woodgrove Ave is likely to be one of the cheaper homes we have sold and certainly the reserve price reinforces that! 3 Corsican Grove, our new listing for the week falls into the repairable category and now that we are able to source insurance from overseas this property is now even more viable! Check them out online at www.griff.net.nz.
Enjoy the great weather, however with having been a farmer, I do feel for them now in the grip of ‘the big dry’.