B48 - Building a New Home

Building a new home is challenging but can be rewarding.

You must:

Some sections are owned by a builder or developer, and you purchase such a section with the expectation that the builder/developer will construct your new home. Generally that builder/developer will provide you with a choice of home designs from existing house plans. Some builders will be able to customise your new home to a certain extent, but some are more flexible than others in terms of how much variation they are willing to accept from their standard house plans. Also, customisation often comes with extra costs.

It is also possible to purchase a vacant residential section from a non-builder and use your own designer and builder to construct your new home.

Pros

Cons

What do I need in order to take this option?

Could this option limit my future choices?

This option may not limit your choices any more than buying an existing home. Future choices will depend on the costs of building the new home and the amount the house appreciates in value over time.

Homework

For more information on section prices

For more information on house construction costs

For information on resilient house design and resilient sections

CRESA / Good Homes resilient guides:

For information on building on Māori land

Māori Housing network: www.tpk.govt.nz/en/whakamahia/maori-housing-network/