Barrett's Blog

What you aren’t being told and you need to know if you are purchasing a new home! 

What you aren’t being told and you need to know if you are purchasing a new home! 

1. Getting Preapproval

Get all your “ducks in a row” – you’ll require evidence like proof of identity and income; details of your expenses, assets and existing debts; the bank will require your personal tax details; bank account details – and bank statements/payslips.  Seek/register with a Solicitor (if you do not already have a family Solicitor).

2. First home buyer

First home buyers keep in mind that if you are not in position to purchase in your location, due to the market price – consider other locations – just “get on the property ladder”- conditions apply. Deposit varies on your personal situation – however most loans start at 10% – bank commonly request 20%.

3. Next home buyer / investor – advantages for investors

There is advantage with a new build over an existing dwelling:

  • New builds require lower deposit for investors (20% deposit).
  • Bright line intervals are estimated at 5 years for new builds (vs 10 years for existing homes).

4. $avings

Our new builds already have the tick for healthy homes and low maintenance over a lasting period.

5. Peace of mind

Every Barrett Home comes with a 10 year independent building guarantee, offering extra peace of mind.

6. Calculators

Know your buying power: Banks have calculators on-line which can assist you to judge your affordability.  Check out this calculator: ANZ Calculator 

If you are seeking a house/land package now is the time to register your interest with us and we can forward you information as it becomes available.   Contact us now Email address / info@barretthomes.co.nz