Blue Sky Property Group

FAQ

FAQs
What are the benefits of buying a new property?

For owner-occupiers, owning a new property means a warm and dry, double-glazed home with high-quality, modern fittings. For investors, this means a low-maintenance, healthy home for your tenants that meets all the standards and that they’ll want to look after.

Buying a new property means everything is built to at least the latest building codes (but often above and beyond the minimum standards). We build our townhouses to last, so each property comes with a 10-year Building Act guarantee, 12 month maintenance period,  as well as individual manufacturer warranties on appliances and fittings.

Until recently buying a brand-new home was out of reach for most people. The way we design our homes and make better use of available space means we can now make it much easier and more accessible for New Zealanders to own a new home.

Buying a new build vs an old home

Whether you are planning on living in the property yourself or buying it as an investment, buying a new property has some clear advantages over buying an existing one.

New Zealand is well known for its dated housing stock, which can require a lot of time and money to bring up to a modern living standard. Older houses (especially wooden ones) may require a lot of maintenance and are often drafty, damp, and difficult to heat.

All rental properties must also now comply with the new Healthy Homes standards, which can create additional costs for investors.

For investors a key focus should be on buying a new, quality property that will attract quality, professional tenants. This style of tenant is generally interested in a modern, low-maintenance space that is warm and healthy.

Recently the Government has begun incentivising investment in new build properties, which gives a clear benefit for those looking to invest in a rental property. Brand new property is currently exempt from the extended bright-line test legislation, as well as the changes to interest deductibility on mortgages for rental properties.

Another key advantage of buying a new build is the amount required for a deposit. This is currently only 20% for investors buying a new build, versus 40% when buying an existing property.

Am I buying a freehold property?

Yes, all our properties are sold on freehold titles (also known as ‘fee simple’). This is the most common type of land ownership in New Zealand and the most straightforward. This also means no body corporate fees.

What’s included with the property?

Our properties are designed to be ‘turnkey’, which means they are fully completed at the time of settlement and ready for you or for tenants to move straight in. This includes all painting and finishing, landscaping, and fencing.

All properties are fitted with a smart door lock, which is accessible via a code or through a mobile app. The kitchens are spacious and fitted out with high-quality appliances (multi-function oven, induction cooktop, and dishwasher), double sinks, and soft-close cabinetry.

In the living areas, each property is also fitted with a heatpump and blinds and window furnishings are all fitted. Bedrooms are carpeted and come with built-in wardrobes and cabinetry. There are smoke alarms in each room.

The bathrooms are modern, with premium fittings for a high-quality finish. They are fitted with a shower, wall-hung vanity, soft-close toilet, heated towel rail, heater and extraction fan.

The outdoor area for each property is accessed through double glazed sliding doors off the living area. These spaces are designed to be easy-care, with timber hardwood decking and grass, and include a clothesline, power outlet, and outdoor tap. The outdoor areas are fenced off to create a private space where you can relax and enjoy the sun.

Are the properties built sustainably?

Sustainable practices are at the core of our building practices. We use environmentally friendly materials and building techniques where possible, and are also committed to making sure our properties are healthy to live in.

All our properties are built to meet the new healthy homes standards and we ensure our homes are warm and dry. We build all our properties to be north facing, to take advantage of the sun, and we include insulation that goes above and beyond the minimum building code standards.

Can the price increase from what we agreed?

No, the price in your Sales and Purchase agreement is the set price and cannot be changed arbitrarily.

How do I purchase a new property?

Our experienced team are here to guide you through the purchasing process. We’ve designed it to be straightforward and transparent, so that you can be confident while making your purchase.

  1. Choose your preferred property. Properties have a fixed price and there is no bidding process.
  2. Sign your contract. There is a 7-day cooling off period so that you can do your due diligence and make sure the property is right for you.
  3. Pay your 10% deposit. This money is held in trust by a lawyer until it’s time for settlement.
  4. Watch as the build progresses. You’ll get regular updates from our team on how it’s all progressing.
  5. Get ready for settlement. Make sure your financing is in place and talk to your lawyer, so that everything goes smoothly on settlement day.

Once the build is complete and settlement is taken care of, the keys are yours.

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