INVESTORS - WHY INVEST IN A NEW BUILD

Buying a Classic Builders House & Land package is a great option for property investors seeking a secure way to generate some money for retirement.

A low-maintenance option

Investing in a new build is a great option for people looking for a long-term return as they provide a low-maintenance option. Without the fear of unexpected bills such as re-roofing or a new hot water cylinder, your investment becomes a manageable option while delivering great rental returns.

New surfaces and all treatments are easier to wipe clean than older materials. We select hard-wearing durable fixtures that stand the test of time, and we have a proactive Aftercare system incorporating a 2-year latent defects warranty that covers any snags that may pop up when the property becomes lived in. In addition to this, your structure is protected by a 10-year quality assurance warranty.

Appealing to the right tenants

New fittings & appliances also mean they are easy to care for and retain that shiny new feel, attracting a higher quality tenant, and more likely to take great care of your investment.

Our house and land packages optimise the sections they are built on. This means no arduous expectations on a tenant to maintain large gardens and trees, keeping the house looking tidy and cared for from the exterior. 

A sound financial decision

With a housing shortage, still very much a reality in NZ, rents remain high and banks look more favourably upon lending for new builds.

New builds are currently exempt from Loan to Value Ratio (LVR) restrictions which means you can buy a new build for investment with a deposit as low as 20% compared to the standard 40% deposits currently commanded for investment property lending.

Many banks offer a discount interest rate for new builds, meaning that regardless of the interest rate, you will be getting a better deal than you would be buying an existing property.

Compliance with healthy home standards.

A healthy home means a happy and healthy tenant. All Classic Builders properties are built to meet the Healthy Home standards which must be active in all new builds and all existing rental properties by July 2024. This means heating, ventilation and draught-stopping are implemented to a high standard avoiding any mould or dampness in a home.

Why Classic Builders?

Classic Builders has been in business for over 25 years. We have built over 7,000 homes for New Zealanders. Our relationships with our supply chain have been built over decades and our national reach and scale secures our access to resources. We have multiple brands within the Classic Group ensuring our pipeline remains solid. You can trust Classic Builders to deliver your home to a high standard and most importantly to schedule and the contracted price.