Time to move house? It’s the perfect time to build a new home and here’s why.

To say the first half of this year has been a bit ‘strange’ would be an understatement, to say the least. But like every cloud, this one has a silver lining, and it just so happens that the current cost to build a house makes it a very attractive option for those looking to buy.  

Changes to the loan-to-value ratio (LVR)

LVR’s have long been a roadblock to many eager homeowners who have wanted to purchase a property, but the need for a 20 percent deposit (equating to an LVR of 80 percent) was just too far out of reach for many. But the Reserve Bank recently announced they were going to remove the restrictions on LVR for 12 months, making it much easier for people to purchase property.

Lower interest rates

How low can they go? If you’re talking about interest rates – very low. In fact, some are even lauding this as the best time in history to buy a home. 

Building new vs. buying old

There are many benefits to working with a home builder to build your dream home, and here are just a few:

• The building code has changed a lot in recent years and it means that the house you get will be warm and dry, which will cost you less to run and be healthier for your family.
• Home and land packages are a cost effective way to build a new home. Especially through a reputable home builder company (like us!).
• If you’re a first home buyer and have been making Kiwisaver contributions for at least three years, you could qualify for a First Home Grant of up to $10,000. That’s twice as much as you would get if you were buying an existing home!

Why Urban Homes?

Urban Homes are award-winning master builders based in NZ. Their house and land packages have been designed with proud homeowners in mind. As trusted home builders in Hamilton and its surrounds (Waikato, Coromandel and South Auckland) they love helping families into new homes.