Frequently Asked Questions

 

Please see below for some of the more commonly asked questions we get asked by people looking at building a new home. If you need more information please call or email us.

  • How much deposit do we actually need?

    As a homeowner, 10% typically. Our team has a special deal with some of the main NZ’s banks. We have helped arranged mortgages on our newly built homes for new home owners from as little as 5% total deposit. If you have money in Kiwisaver, we might be able to help you use this towards the total deposit. And if this is your first home and you are buying one of our new homes in Hamilton for under $550,000, you may qualify for up to $20,000 (for a couple) in grant money from the Government in the form of the Homestart Grant.
    For an investor, a 20% deposit is a good guideline. We can even help you use the existing equity in your own home to help with the purchase of an investment property.

  • What other costs do we have?

    The price on the agreement is the price you pay. (Of course, you will have the option of adding upgrades at a later stage if you choose). The only other cost you will have when buying your first home will be your lawyers fee of around $1,000. There is no government stamp duty or other taxes for you to pay when buying a new home

  • What is the process to buy a new home?

    We try to keep it as simple as possible.
    1) Choose your home. Come and see one of our team and we can help you choose a new home that suits you. We build new homes all over Hamilton.
    2) Paperwork. Once you have chosen the perfect home for you, it will take about 5 to 10 minutes to go over the agreement.
    3) Mortgage pre-approval. If you require a mortgage to get into your new home, we can help you find the best deal with one of NZ’s main banks.
    4) Legal. The paperwork will go to your conveyancing lawyer who will review the agreement with you. Once both you and your lawyer are happy with everything, your lawyer declares the agreement ‘unconditional’. This is when you would pay your deposit to our lawyers’ trust account.
    5) Congratulations, you’ve secured your new home! You will be introduced to our construction team who will meet with you to help you decide on your interior colour scheme and help you look at any upgrades you might like to include. Our team will send you regular updates during the construction phase of your new home.
    6) Settlement. After a final walkthrough with our construction team, you will sign a property transfer form with your lawyer, your mortgage will be drawn down and most importantly of all, you will be given the keys to your new home!

  • What guarantees do you offer?

    Yeoman Homes is a member of the Registered Master Builders Association. We offer the Master Builders 10 year guarantee for our homes.
    For information on what is covered under the guarantee and the price of the guarantee, visit the Master Builders website here: http://www.masterbuild.org.nz/our-products/10-year-standard-guarantee.aspx.

  • How long does it take to build our home?

    Once council has issued the building consent, a single level home would usually take 18 weeks or 22 weeks for a 2 storey home. This will also depend on the level of engineering involved, the time of year (winter may take longer due to wet weather). Our team will keep you updated on progress of your home each month.

  • What changes can we make to our home?

    We design specifically for each unique home site that we offer. By doing this, we can get great buying power in advance that we can then pass onto you in the form of a lower overall home price. Because of this, we are don’t typically allow any structural design changes; however, we are able to discuss some internal ‘customisations’ which might include your kitchen design and electrical plan, for example. And of course, you can choose your interior colour scheme – we have an interior designer who has put together several colour themes you might like to choose from. In addition, we also offer a comprehensive of upgrades to ensure you have all those ‘wish list’ items ticked off.

  • Can I go onsite during construction?

    Yeoman Homes is dedicated to our “Home Safe Every Night” policy. This means we take health and safety very seriously. There are opportunities for you to visit your new home while it is under construction. This is usually offered by our project managers once the frames are up and roof is on. And then again at pre settlement inspection. We ask that you do not visit the site unaccompanied at any time as this can become an issue if you were hurt yourself on the site. Our team will send regular progress updates of your build via email including photos so that you are always kept up to date.

  • How do I know what is included in the price and what isn’t?

    Every home that Yeoman Homes builds comes with an easy-to-read and comprehensive ‘Inclusions list’. There are no items left out or hidden costs that may surprise you at the end. Some key items we always include in our homes are LED Lighting, a heatpump, full insulation, the driveway and councils code compliance certificate.