Invest in bricks and mortar.
With the housing shortage, the ongoing Reserve Bank exemption of new dwellings from the LVR restrictions, the building industry continues to provide excellent opportunities for home buyers. Why not build a new beginning for yourself?
The LVR Rules, and the exemption of new homes from the lending criteria, makes it a better option for New Zealanders to realise the dream of building their own home instead of purchasing an existing house and exposing themselves to the LVR criteria.
Aside from builders, increased demand for housing also means there will be an upturn in work for the suppliers and tradespeople who make the industry tick.
The construction industry is also an exciting option for school leavers or those considering a career change to build a new beginning for themselves. Good quality workers will be required to help meet demand and completing an apprenticeship is an ideal foot in the door to the industry. An increase in new apprenticeships is likely as related trades begin to expand to meet growing workloads.
As an industry as a whole, we have a great opportunity nationwide to watch building and construction grow from strength to strength. Now we have to take advantage of it.
With continued growth of building anticipated over the next few years, if you’ve been considering building a new home as part of your New Year’s resolution, now is a good time to put those plans into action.
How to find the right information?
The team at Jennian Homes can guide you through this process. We host regular building information sessions to arm you with lots of great information to help you on your journey to building your own home.
Jennian Homes has been building homes Kiwi’s love for over 35 years and remains NZ’s most awarded group home builder, with truly national coverage. Build new and take advantage of the capital gains in property value (in most regions) even between contract signing and the completion of your beautiful new Jennian Home.
Whether this is a proven plan or your own design let our team show can you the benefits of building new versus old. Take advantage of smart technologies like home automation for lighting, security and entertainment; as well as future-proofing for solutions like solar and electric vehicles.
Act now and talk to the team at Jennian Homes.