First Home buyers, why buy second-hand when you can afford to build new at Rolleston's Faringdon? Talk to us about building your own home in Christchurch's most sought after residential development.
If you are eligible for a KiwiSaver HomeStart grant, when building or purchasing a new home, or for purchasing land to build a new home on, the grant is, in effect doubled to, $2,000 per year of membership in the scheme, up to a maximum of $10,000 for five years for each member. This means a couple can access up to $20,000.
For full terms and conditions regarding the KiwiSaver HomeStart grant and KiwiSaver First-Home Withdrawal refer to Housing New Zealand’s website.
Restrictions on loan-to-value ratios don’t apply to new builds, which means you need a smaller deposit than if you were buying second hand.
New homes are much easier to take care of. You won’t be spending your leisure hours doing DIY touch ups. Instead you can get out and enjoy your free time.
Your new home comes with a 10 year guarantee with a registered master builder. It covers you for defects in materials and defects in workmanship, and structural defects, and further included is rot and fungal decay cover.
With sections sizes starting from 400m2 and priced from $164,000, you can afford to build a warm, healthy, safe home for less than $500,000.
First home buyers find building hands down a better investment for many reasons. It’s also the way to go if you want a house that is in pristine condition and built to your specifications. Faringdon has a fantastic selection of medium density sections all priced for first home buyers looking to access all the advantages of building a new home for under $500,000 rather than buying second hand.
We’ve partnered with Canterbury’s leading home builders and can introduce you to the team that would fit your needs best. Have a look at our preferred builders here. Or you are welcome to use your own team.
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Meet Faringdon residents,
Brad and Georgia.