Thinking about buying a new home? Often people are quick to eliminate building a new home as a viable option, but with New Zealand’s escalating property market, building a new home may just offer more benefits and be more affordable than you think!
For more detail on making the decision to build new, and what are the next steps, check out our free eBook, “Something old, something new, something borrowed or that needs glue.”
When you build new you, you get what you ask for. Want a master bedroom on the first floor? It's yours. With massive his and hers walk-in closets? Done! Whether you’re designing the home of your dreams with an award winning architect, or working with a Group Home Builder to a defined set of plans – either way, the outcome will be what you planned for.
Naturally, how personalised and extravagant your design is will depend on your budget, but people who build new enjoy the satisfaction of getting what they want (and not uncovering hidden surprises typical of renovation projects, or buying existing homes).
Low housing inventory levels across New Zealand means that when it comes to buying an existing property, you’re not exactly spoiled for choice. And if you do find something that fits within your budget and location criteria, you may have to compromise on space.
When you build new, you can choose a layout that fits your exact needs – and more importantly, your growing (or contracting) needs. If you know your family size might be changing (baby on the way, in-laws moving in or you plan to take on boarders to help cover the mortgage), you can configure your house plan to suit.
One of the most attractive advantages of building new is exactly that – it’s new! There are no historical problems or hidden surprises, and you don't have to worry about any immediate repairs, maintenance or renovations.
And a pre-loved home comes with pre-loved chattels that may soon need replacing. Your new home — and the products that come with it — are brand-new and under warranty. What's the cost to replace a roof, appliances, countertops or a water heater? The components of a new home build will offer you years of comfort and enjoyment before needing replacement.
Today's new homes are far more energy efficient than homes built even as little as five years ago. Why settle for drafty, energy-wasting single-pane windows in an old home? Many new homes offer double or even triple-pane windows that can save you energy and money when it comes to both heating and cooling your home.
Many people feel that high costs and budget blow outs go hand in hand with building a new home. But this doesn’t have to be the case. Working with a company like Generation Homes means you can be assured of fixed budgets and controlled timeframes.
And many housing companies have flexible payment plans that can take a lot of pressure off your wallet, allowing you time to sell your existing property or set up finance options for the project. If you can secure a fixed price guarantee on your build, it means there are no surprises – you know exactly what you’ll be getting and how much it will cost at every stage of the building process.
Especially in today’s market, building a new home provides far more value for money than investing in older homes.
Not all home builders are created equal! There’s a lot of Group Home Builders in the market, but with Generation Homes, building new won’t be stressful. We’ve been helping Kiwis get into new homes since 1997 and offer a 14-step plan that guarantees projects are delivered on time and on budget.
Still not sure if building new is right for you? Take our quiz to find out!