Pros of buying a new home!
When it comes to buying a home, there are usually two choices in front of a home buyer. Either you can buy a new home or choose from the old ones available on the market. Considering how confusing this decision could be, we have come up with an article that will help you choose between buying new vs old home.
In this article, we are going to explore the pros and comes of buying a new home over the old one.
Pros of buying a newly built home
Buying a newly built home for sale comes with many benefits. Some of these benefits include:
- Lower Deposit
- More time to save
- New materials & build standards
- Healthy home compliance
- Low maintenance
These are some of the benefits of buying a new home that you must know about.
1. Lower Deposit
Currently, the Reserve Bank’s loan-to-value (LVR) requirements are way lower for the new build homes. This means that you only need a 10% deposit rather than 20% which is way lower and a game changer for a first-home buyer.
2. Time to Save More
Another benefit of buying a new built home off-the-plan is that you just need to pay smaller deposit as required by the banks which leaves you more time to save while the house is being built. The good thing is that you do not have to start paying the mortgage until the house is complete.
Note: There are some builders who would need part payments during the build timeframe.
3. New materials & build standards
Another highlight of buying a new home is that they are designed and built to meet the latest government’s building code and New Zealand Healthy Homes Standards. New building materials, techniques, fittings, fixtures, and technologies are used which adds on to the benefits of buying a new home.
4. Healthy home compliance
When it comes to buying a new home, one of the benefits of doing so is that they are built to the highest building standards. example, at Kiefer we build homes that meet all healthy home standards to ensure the quality is not compromised. By complying to these standards, you can ensure they are energy efficiency which in turn means cost efficiency.
5. Low Maintenance
One of the major challenges that comes with buying an old house is that it requires continuous maintenance. This could be avoided by buying new build homes for sale.
These are some of the benefits that come with the decision to buy a new home. Right from meeting healthy home standards, lower deposits, and low maintenance, investing in the new build homes for sale .
Luckily, if you are looking for a new home to buy, Kiefer has several ongoing projects around Auckland. Right from Papatoetoe, Manurewa, Mangere Bridge, to Pakuranga Heights, Kiefer has projects going around in all major suburbs of Auckland.
Check out the latest homes for sale:
Home For Sale
399 Massey Road, Mangere East
Buy a perfect home in the most convenient location, Mangere East. This project features 9 3-bedroom homes, perfect for a family.
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15 Union Road, Howick
Perfect 2-bedroom and 3-bedroom homes for sale in Howick, a perfect neighbourhood that offers comfort and convenience. Experience living in a fine location with beaches and beautiful views at 15 Union Road.
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