The LIM Report
Otherwise known as the Land Information Memorandum report. What’s in it and why have one!
Information in this report can include the following:
- Valuation data.
- Yearly rates payable for the property and if there are any unpaid rates.
- Any charges for water.
- Information about building permits, consents and compliance issues.
- Information whether it is a protected or historical building or site and any protected trees or structures.
- Any resource consents issued.
- Any planning or zone issues.
- Any resource consents issued in the immediate neighbourhood.
- Information on subdivisions and developments affecting the property or area.
- Drainage information.
- Special land features.
- Consents, certificates, notices, orders or requisitions affecting the land or buildings.
- Methamphetamine contamination (where the council have been notified).
If you have your LIM report before you sell (at $289 for a report within 10 working days or $389 within three), the surprises from buyer questions lessen, and you put yourself in a much more informative position.
None of us like to find out things about our house from somebody else, but if we are able to tell buyers that we know everything about our house, we raise our “trust” level in the eyes of the buyer!