The first certified homes assessed under the Homestar™ residential rating tool were unveiled today at an event supported by online property market portal Realestate.co.nz.
Homestar™ is the comprehensive home rating system developed by the New Zealand building industry and backed by the Government that aims to help Kiwis create healthier, more comfortable and energy-efficient living spaces.
Alex Cutler, CEO of Homestar, announced the first certified homes located nationally that achieved Homestar ratings of between 4 and 7 stars, including several homes that are on the market.
“We are delighted to now have homes with official Homestar ratings available on the property market. This is an important developmental step in the process of improving the overall stock of New Zealand homes. ”
These homes also received enthusiastic support today from Alistair Helm, CEO of Realestate.co.nz. Mr Helm says that from today, Homestar Certified properties for sale will have their ratings featured on the Realestate.co.nz property portal to show buyers that these homes have an added value in terms of performance and comfort.
“Houses that are warmer, drier and more energy efficient will always be more appealing to buyers. In this way, Homestar has the potential to be a great service to homeowners, real estate agents and the whole New Zealand community,” says Mr Helm.
Mr Helm presented international research at the event that showed a direct correlation between homes with high performance ratings and higher property prices. He said Homestar will provide vendors and real estate agents with a direct competitive edge when marketing properties.
Support for Homestar was also received from Hon. Maurice Williamson, the Minister for Building and Construction.
“I would like to extend my warm congratulations today to Alex Cutler and the team at Homestar on the work they have done towards realising this achievement today. The unveiling of the first Certified Homes today is the result of many years of hard work, research and development to bring to the New Zealand market a home rating tool that is comprehensive, robust and accurate,” said Mr Williamson in a statement.
“Homestar provides homebuyers, sellers and especially real estate agents a benchmark for rating the environmental attributes of New Zealand homes to increase their comfort, appeal and value. I warmly commend the Homestar tool to the real estate industry, and encourage agents to educate themselves about it.”
To achieve a certified rating, Homestar Assessors typically spend a few hours at the home measuring in detail the attributes that contribute to its comfort, health and performance. The Assessor performs a comprehensive assessment of features such as the level of insulation, type of heating, water use, waste, ventilation and indoor air quality, among other things, and calculates a rating from one to ten stars, based on these factors. The homeowner then receives a Homestar™ Certified Rating, along with a unique registration number for authentication purposes.
“When you are selling or renting a home a Homestar Certified Rating will provide a greater level of credibility and assurance for any prospective home owner or tenant,” says Ms Cutler.
“The assessment is not compulsory, though over time it is expected that market forces will encourage more home owners to obtain a Homestar Certified Rating when buying or selling a home. We expect Homestar to have a growing impact on property values, with higher star ratings providing a competitive edge for some houses on the market.”
For more information, please visit www.homestar.org.nz, or to view Homestar Certified properties for sale visit www.realestate.co.nz.