12 Key reasons to buy new Buying new has many advantages. No one has yet lived in your brand new home and it has that new home smell and feel. That doesn’t appeal to the villa crowd. But many people dream of a home in a new suburb. There are many other advantages -- such as being able to customise the home before it’s built. Buyers love it that their build guarantee covers most things and there’s little maintenance to do for the first 10 years. There are a long list of reasons some people dream of buying new. They include: • Current Building Code requirements specify a higher standard of insulation and glazing than you can expect in an older home, which makes your new home warmer in winter and cooler in summer, meaning cheaper to run. In addition there has been a vast improvement in the quality and technology of construction materials over the last decade. • New homes are designed for modern lifestyles with walk-in wardrobes, double or triple car garaging, en suites and heat pumps. • Internal access garaging. • Indoor-outdoor flow. Home builders before the 1970s rarely thought about this. • Automatic pool covers and electric curtains are included in a lot of new homes, he says. • In a new subdivision you’re not going to have five cross-leased small homes next door to your architecturally designed fivebedroom dream home, he says. • New purpose-built shopping and service centres cater for the modern life. • New schools can be popular. New schools are being designed with “Modern Learning Environments”, which are considered better layouts for 21st-century learning. Another important factor is it’s easier to get a mortgage. New Reserve Bank of New Zealand loan to value (LVR) ratio restrictions from October 1 don’t relate to new homes. Likewise the KiwiSaver HomeStart grant is doubled for first time buyers. When it comes to new apartment buildings they’re built to a higher standard of earthquake/fire proofing and, hopefully, are no longer leaky. There are, of course, disadvantages to buying new. Not everyone wants to wait six or 12 months to move into their home. Other downsides include: • Borrowing to cover the progress payments is more complex than taking out a mortgage on an existing property. • Builders and developers can go broke, leaving the buyer in an awkward position. • With some new homes the buyer effectively needs to become a project manager. • You have to deal with council for building and sometimes resource consent. • The location may be further from the centre than you wanted. • If it’s infill housing you might have a cross lease situation that some people find tricky. • There are often teething problems with a new build. • You won’t get a quaint tree-lined street. • Your section will most likely be smaller than that of an existing home. • Fences, paths and landscaping might need to be added at a cost.
13 Standout Homes for a Standard Price New Showhome - Now Open 6 Craig Thompson Drive Flemington, Lincoln Wednesday to Sunday 12pm - 4pm Office and Showhome 2 Harvard Avenue Wigram, Christchurch Monday to Friday 9am - 5pm (03) 341 3000 or 029 201 2453 www.homesbyparklane.co.nz Show home Guide Homes by Parklane “Standout Homes for a Standard Price” Flemington, Lincoln 6 Craig Thompson Drive Wed to Sun 12pm - 4pm Wigram 2 Harvard Avenue Mon to Fri 9am - 5pm (03) 341 3000 or 029 201 2453 www.homesbyparklane.co.nz 4 2 2 2 Strategic Homes Halswell 6 Derek Anderson Drive Longhurst Estate Wed to Sun 12pm - 4pm Ph (03) 963 8841 or 0274 359 333 www.strategichomes.co.nz David Reid Homes Casebrook 231 Highstead Road Fri, Sat, Sun 12pm - 4pm Prebbleton 80 Farthing Drive - opening September Ph Jason 021 514 424 or Lynda 021 335 707 www.davidreidhomes.co.nz Showhome - Viewing by appointment Phone Jamie on 03 595 0894 www.christchurch.build7.co.nz Alexis is an aspiring chef. So we made the kitchen the heart of his family home. Start your own story 03 348 1994 www.peterrayhomes.co.nz 231 HIGHSTED RD, CASEBROOK OPEN FRI-SAT-SUN 12-4PM 80 FARTHING DRIVE, PREBBLETON OPENING SEPTEMBER JASON 021 514 424 or LYNDA 021 335 707 Build 7 - Christchurch Prebbleton - Flemington Viewing by appointment only Ph Jamie 021 783 001 www.christchurch.build7.co.nz Peter Ray Homes Prestons 28 & 30 TeRito Street 12pm to 4pm Tues to Sun Faringdon, Rolleston 5 & 7 Stanford Way 12pm to 4pm Sat, Sun, Wed & Thurs Wigram Skies, Wigram 32 & 34 The Runway, 12pm to 4pm Mon to Sun (7 days) www.peterrayhomes.co.nz To advertise in The Showhome Guide Contact Elaine: (03) 364 7436 firstname.lastname@example.org