When purchasing a new build property in New Zealand, negotiating added value can be a strategic way to maximise your investment. With an increasing demand for housing throughout the country, vendors are sometimes willing to provide incentives to attract buyers, especially in competitive markets. These added benefits can range from financial perks to upgrades within the property, giving homeowners the opportunity to feel confident about their purchase while increasing the overall value of their new home.
Timing is a key aspect to adding value with new builds, you need negotiate upfront, before you purchase, as it’s often difficult to add value post-settlement.
Another aspect to negotiate with a developer is the inclusion of additional features or upgrades at no extra cost. For instance, you might request higher-quality materials for flooring, kitchen finishes, or bathroom fittings. Many developers offer a base package for their properties but are open to discussions about premium upgrades during the sale process. Negotiating these upgrades allows buyers to customise their property to better suit their preferences while also increasing its long-term value.
Another potential area of negotiation is landscaping. Developers often leave the outdoor spaces as a blank canvas, but many buyers prefer to have a move-in ready home with an established lawn or a simple garden. Discussing the inclusion of landscaping services in the purchase contract can save you time, effort, and additional cost after moving in. Some developers might even agree to provide extra outdoor features, such as fencing, or patios, further enhancing the property’s functionality and curb appeal.
Financial incentives are also worth exploring when negotiating added value with a new build purchase. For instance, you can request assistance with legal fees, by way of a cash contribution or even a reduction in the overall purchase price. For homebuyers who are first-time investors or purchasers under financial pressure, these financial incentives can provide significant relief and make the prospect of owning a new home more viable.
Furthermore, appliances or additional fixtures are often negotiable when it comes to added value in new builds. Appliances such as refrigerators and washing machines, are typically not included in the purchase price. However, developers may be willing to provide these as an incentive to close the deal. Ensuring the property comes with high-quality appliances can further boost its appeal and save you money on additional purchases later on.
Finally, it’s essential to maintain good communication and build a positive rapport with developers or agents when negotiating added value. Expressing your long-term intentions and highlighting your interest in a particular property can motivate developers to go the extra mile in meeting your requests. Remember, the goal is to create a win-win situation where you secure additional benefits while the developer fulfils a sale.
Overall, added value in new build properties is achievable if you approach negotiations prepared and informed. From material upgrades and landscaping to financial incentives the possibilities are vast. By identifying your priorities and understanding the current market, you can ensure your new build in New Zealand aligns perfectly with your needs while maximizing its overall value.