Ongoing Painting Costs
Home-Owners ongoing re-painting costs to maintain weatherboard cladding as required by the NZ Building Code
This Christchurch 300 sq. metre single storey and part two storey dwelling was constructed in 2011. Within three years the original paint system had faded badly.
The median inflation rate for the past 10 years was 2.7% per year.
Example showing ongoing maintenance costs using a median inflation rate of 2.7% per year..
|2011||$26,585||Original Scaffold and Painting|
|2018||$32,200||Scaffold and re-paint|
|2028||$42,030||Scaffold and re-paint|
|2038||$54,861||Scaffold and re-paint|
|TOTAL||$155,676||($5,766 per year or $111 per week)|