Existing homes have their own charm, particularly period properties or family heirlooms. However, new build properties offer unique advantages that make them highly desirable. Beyond their fresh appeal, new builds provide numerous benefits that make them an excellent investment for homeowners. At Omega Financial Services, we understand these advantages and are here to help you navigate the process of securing a new build mortgage. Here are some key reasons why new build properties might be the perfect choice for you.
Energy Efficiency
Existing homes, depending on their age, can come with structural issues or outdated insulation. New build homes, on the other hand, are constructed with the latest advancements in insulation and construction techniques, resulting in warmer, drier, and more energy-efficient properties. This can lead to significant savings on your energy bills over time.
Exemptions
In New Zealand, new build homes are exempt from loan-to-value restrictions. This means that when searching for new build mortgages, your loan-to-value ratio becomes a more flexible factor, allowing you to finance your new build property with less than a 20% deposit. This exemption can make purchasing a new build more accessible. For detailed information on how we can help you with your first home loan, visit our First Home Loans page or read more on How to become a First Home Buyer.
Quality Finishes
New builds offer the advantage of being freshly constructed, often tailored to your specifications, and finished to a premium standard. Many new build homeowners have the opportunity to choose quality finishes, such as kitchen tiles and living room carpets, ensuring that your home meets your exact preferences. This level of customization and contemporary living is unmatched by older properties.
Low Bills
Energy-efficient new build homes, built to high standards and compliant with recent building regulations, often come with lower utility bills. As energy costs continue to rise, the appeal of low bills provided by new builds grows. At Omega Financial Services, we can help you find the right mortgage solution to take advantage of these benefits.
At Omega Financial Services, we are dedicated to making your journey to owning a new build home as simple and cost-effective as possible. Navigating new build mortgages shouldn’t be complicated or expensive, and with our expertise, it’s not. Interested in purchasing a new build and looking for the right mortgage to do it? Contact Omega Financial Services today to get started.
