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Purchase land and construct
your dream home.
Embark on the journey of building your dream home by first securing the perfect piece of land. Our team provides comprehensive support throughout the entire process, from selecting the ideal location to arranging the best financing options.
With our expert guidance, you can confidently navigate the complexities of land acquisition and home construction, ensuring a seamless and successful project from start to finish.
Buying off-plan differs from traditional home purchases where you can physically inspect the property. It involves a leap of faith, as you're purchasing based on artist impressions and specifications. The advantage lies in potentially better value-for-money and avoiding the competitive auction environment. However, it requires a thorough understanding of what you're committing to.
Another benefit is the deposit requirement. Saving for a substantial deposit can be daunting, especially in Auckland's competitive market. Off-plan purchases often have more flexible lending rules, with lower deposit requirements compared to existing homes that typically demand a 20% deposit.
This option allows you to purchase a plot of land while simultaneously contracting with a builder to create your dream home. With two separate contracts—one for the land and another for construction—you can enjoy greater control over the design and customization of your new property. Our flexible stage payment system means you only pay as construction progresses, making it easier to manage your budget. Let our team of experts guide you through the process and help turn your vision into reality with a seamless financing solution!
Firstly, a 10% deposit will be required to secure the contract. This is then included in the first drawdown.Normally paid by cash or equity.
The second drawdown tends to be 20% of the total balance of the build contract.
To give you an idea of how the entire payments might typically pan out, the rules of thumb shown in this table can be used.
5% – 20%
20% – 30%
15%-30%
10%-25%
10%
Site works and foundations, permits and fees, architect fees (includes 10% deposit)
Retention final payment made on the issue of Code of Compliance Certificate (CCC)
We simplify the home-building process with our turn-key contract solutions. A turn-key contract allows you to purchase a newly constructed home that is fully finished and ready for you to move in. With everything completed to your specifications—from landscaping to interior finishes—you can enjoy a hassle-free experience without the stress of managing the construction process. Our team of experts will assist you in securing the right financing, ensuring you can transition smoothly into your new home. Experience the convenience and peace of mind that comes with a turn-key contract with Star Mortgage.
Whether you’re a first-time homebuyer or an experienced developer, our tailored advice is designed to improve your situation and deliver effective solutions to your challenges.
(09) 4800 488
info@starmortgage.co.nz
Unit A2/17 Corinthian Drive,
Albany, Auckland 0632
9 Melrose Street
Newmarket, Auckland 1023
Website Developed by NURVE Design Studio
(09) 4800 488
info@starmortgage.co.nz
Unit A2/17 Corinthian Drive,
Albany, Auckland 0632
9 Melrose Street,
New Market, Auckland 1023
Whether you’re a first-time homebuyer or an experienced developer, our tailored advice is designed to improve your situation and deliver effective solutions to your challenges.
Website Developed by NURVE Design Studio
