Though house prices have surged, people still prefer to buy a new home rather than building a house from scratch.
• Building a new house in a major centre could net you on average around $150k in capital gain, new research suggests.
• Property research firm homes.co.nz has looked at the gap between the cost of a new section & the median price of a new house.
• It found that in Auckland, Wellington & Queenstown, new homes typically sold for around $600k more than an empty section.
• However, building new could be stressful, & it adds variables to your life including delays, unforeseen earthworks, hidden costs & the people involved in the build.
» Take the pressure off yourself, and have someone else do it – for more info, sign up now!