08 Feb 2021
New Year, New Home
2021 has well and truly arrived and now is a great time to take the plunge and build your first home!
We know the idea of building new can seem like a daunting process, but our team of experts are here to help you - every step of the way until you are in your new Golden Home.
We have outlined the initial steps needed to get you started on your first home, new build journey:
Visit one of our showhomes that are located nationwide and have a chat to our team. All showhome locations can be viewed here: https://www.goldenhomes.co.nz/showhomes
To enable us to help you, we need guidance from you about the budget for your build. We have mobile mortgage managers available who understand construction lending and can assist in finding out what you can borrow. Alternatively, you can talk to your own bank or mortgage broker.
There are three government home ownership options designed to help first home buyers - you may be eligible to access one or all three. By combining all three you could have a larger deposit and be able to finance your new home more easily.
The products are:
First Home Kiwisaver Withdrawal
If you have been a member of Kiwisaver for at least three years, you may be able to withdraw all or part of your savings to put towards buying your first home. For more information and to check your eligibility, click here: https://kaingaora.govt.nz/home-ownership/kiwisaver-first-home-withdrawal/
First Home Grant
After three years of regularly contributing to KiwiSaver at the minimum percentage of your total income, you may be entitled to the First Home Grant of up to $10,000. For more information and to check your eligibility, click here: https://kaingaora.govt.nz/home-ownership/first-home-grant/
First Home Loan
This can make it easier for you to get into your first home. Instead of requiring a 20 percent deposit like many loans, a First Home Loan only requires you to have a 5 percent deposit. For more information and to check your eligibility, click here: https://kaingaora.govt.nz/home-ownership/first-home-loan/
Once you know your budget, we can then move onto all the exciting parts of buying your first home: choosing your site, creating your wish list and choosing from our range of plans, or designing one, to suit your budget and section size.
We look forward to helping you make 2021 the year you turn your first home dream into a reality!