Here are a few reasons you should build new
When the time comes to purchase your own house, there is always the purchasing vs. constructing dilemma. Ask yourself this: Are you looking for a new home and dissatisfied with the current selection of houses? Are you unsure whether you can afford to build new? Then you may be shocked to learn that new builds may be cheaper than you anticipated. Additionally, many existing homes are expensive and in need of additional heating and insulation, as well as other construction work.
“That seems excessively pricey,” or “I’m not sure I can wait that long.” These are frequent responses to the internal conversation that house buyers have while considering the topic, “should I build a house?”
When you decide to build a house from scratch, it may be both exhilarating and frightening. We’ve produced a summary of the advantages of building new home to assist you in making that big decision. The following are some of the primary reasons why you should build your own home.
Simpler to finance
One of the major factors driving demand in new-build residences recently has been the ease with which they can be financed. New houses are exempt from loan-to-value limits that apply to low-deposit borrowers. Additionally, you should anticipate that a new house would require less upkeep, and hence will cost less, during the initial years of ownership.
If you’re considering purchasing a new house as your first home, you may qualify for the KiwiSaver Homestart grant. To promote new construction, the grant is doubled for first home purchasers who are starting from scratch – if you have contributed to the programme for at least three years, you might get up to $10,000 towards your deposit.
More house for your money
In comparison to cramped older homes, modern builds typically have open floor layouts and greater spaces. Numerous homes have second bathrooms, rumpus rooms, and expanded kitchens. Depending on your location and requirements, you may be able to obtain significantly more room for the same price as a smaller constructed house.
Construct a home that is up to date with current trends
One of the reasons to build a house is because new homes include cutting-edge style and the latest trends. Forget about upgrading that out-of-date bathroom; when you construct your own house, you get to choose every aspect. From the start, your house is magazine-worthy.
When you move into a new property, everything is new, from the kitchen appliances to the paint on the walls. Newer dwellings must adhere to modern construction requirements. Certain features, like double glazing or underfloor heating, are far easier to incorporate during construction than they are to retrofit.
While new builds may for some people lack character, they do make up for it in functionality. Due to the significant advancements in building materials and standards over the years, new builds are often better insulated, warmer, drier, and more energy-efficient. Often, you may opt to include elements like as underfloor heating and solar panels during the construction process, which can save you money in the long run.
As consumers become used to the convenience and enhanced security that smart homes can give, they are becoming highly common. Even if the home you create is not pre-wired for technology, it is frequently tech-ready. This includes everything from security measures to electronic devices – in no time, your new house could be a smart home! Along with the numerous benefits of having a smart home, you may qualify for a discount on your homeowner’s insurance simply for being a forward-thinking techie.
Healthy dwellings are compatible with current regulations and need little upkeep
Because newbuilds are built to adhere to Healthy Homes legislation, there is no need to worry about retrofitting or updating to satisfy these standards. New houses have reduced heating bills and a higher level of security and safety. According to the Ministry of Construction, Innovation, and Employment, all residential building work in New Zealand, regardless of size, is protected by the implicit guarantees included in the Building Act. The guarantees are valid for ten years, regardless of whether they are included in your contract, and also cover work performed by subcontractors hired by the principal contractor.
A well-built newbuild residence comes with a ten-year builders guarantee, which ensures little upkeep. Additionally, reduced maintenance charges help you manage your financial flow.
We are experts at helping kiwis build their perfect homes for almost a decade now. If you are ready to take the first step towards building your dream home, contact us and let’s get working together.