Independent mortgage advice for new home builds
Building your dream home is an exciting journey that needs careful planning, sound financial decisions, and a vision for your family’s future. Whether you’re a first-time home builder or an experienced property owner, professional guidance is essential.
In the dynamic and sometimes volatile New Zealand housing market, where home construction can be complex, it’s important to understand the nuances of mortgage financing. adviceHQ can help put you on the path to financial success by providing quality advice on your new home build.
Choosing your new home building path
- Home and land package: This involves buying a property that includes the land and a house that is yet to be built. These packages are often offered by developers or builders who have already planned specific designs for the area.
- How it works:
- You choose a package based on the available designs and locations.
- An initial deposit secures the package.
- The house is constructed according to the design you choose.
- Progressive payments are made as the house reaches pre-determined stages, or the balance is due upon legal possession.
- Advantages:
- Buying a home and land package streamlines the process. You don’t need to find land separately and then engage a builder. The package price is fixed, which makes it easier to budget.
- Design and build: With this new build approach, you work with a builder to create a custom-designed home. You have more flexibility in shaping the house according to your preferences.
- How it works:
- You work with an architect or designer to create a unique home plan.
- The builder constructs the house based on your design.
- Contracts can be either fixed-price (where the total cost is predetermined) or labour-only (where you pay for labour and materials separately).
- Advantages:
- Design and build lets you personalise every aspect of your home.
- You have oversight during construction.
- Kitset or prefabricated homes: A kitset new build involves assembling prefabricated components on your site. The kit includes materials for framing, roofing, and cladding. Prefabricated homes arrive fully built, and ready for installation on your land.
- How kitset homes work:
- You buy a kit that includes all necessary components.
- You or a builder assemble the home on-site.
- How prefabricated homes work:
- These homes are manufactured off-site.
- They are delivered and placed on your section.
- Advantages:
- Kitset homes can be more affordable due to lower labour costs.
- Prefabricated homes can be quicker to install.
Why trust adviceHQ with your new build financing needs?
Choosing the right path for your new build depends on your preferences, budget, and timeline. adviceHQ understands the intricacies of building a new home in New Zealand and we can provide you with professional advice.
If you’re ready to start your new build journey through a package deal, custom design, or prefabricated solution, partner with adviceHQ. Make use of our industry-leading expertise, personalised guidance, and comprehensive suite of services.
Contact us today to schedule a chat and take the first step towards achieving your financial goals through property investment.
