Why should I buy a home in a new development/off the plan?
Buying off the plans allows you to benefit from time to completion where there may be a capital gain, and you are buying at pre construction pricing. Once construction is underway prices usually increase, and then again on completion. People buying in the first stages will have the benefit of getting in at the entry level as developments generally increase in value and in cost through stages. Buying off the plans also allows you to choose the residence which best suits you and to make variations you would like, up to a certain date. In addition, the period between paying your deposit and paying off the balance gives you time to plan and save, which you wouldn’t have otherwise.
Why should I buy from Equinox?
With over 25 years of experience in property investment and development, Equinox has been behind billions of dollars of property development in New Zealand. From government buildings in Wellington, to luxury island holiday homes on Kawau Island, Equinox’ years of experience have made us New Zealand’s most trusted property developers.
We are proud to stand by our homes and refuse to create substandard properties. All our homes are Master Builder Guaranteed or equivalent policy, Earthquake Certified and made from trusted long lasting materials.
What Projects has Equinox completed already?
Equinox is responsible for the White Heron Point Apartments, Parnell, Thomas and Adamson in Flatbush, Eden Quarter Business Park, 360 Dominion Road, Mt Eden, 110 Carlton Gore Road, Newmarket, 62 Victoria Street, CBD, Scene Apartments, CBD, the Queen Street glass box bar, and many more.
What am I buying?
All our properties are freehold, and come with whatever chattels are listed in the plans and specifications sheet. Talk to the agents in charge of the property for more information about this.
How do I secure a home off the plan?
You can secure your home by signing a sale and purchase agreement and paying an initial installment of 10%. Full details of this vary between our developments, so please do talk to your agent about the specifics. You will be required to pay the balance of the purchase price on settlement.
Is my deposit protected?
All deposits are placed in a solicitors trust account with Knight Coldicutt. At settlement the deposit is transferred to the vendor. In the unlikely event the development is not completed your deposit will be returned to you along with net interest earned.
What has been done to prevent water intrusion and damage?
The external structures of our homes vary, but are made with time proven building methodologies. In addition to this the architects will provide details of all features to exclude water and to ensure that moisture will drain away. Compliance with the New Zealand building Code, Standards New Zealand and strict council guidelines requiring Producer Statements and subsequent issue of Code of Compliance Certificates insures watertight integrity of your home.
What guarantees and assurances do I have building quality?
You will receive a 10 year Master Builders Guarantee or equivalent policy. Settlement will not occur until the architect and engineer certify that the builders have properly completed the design to the required specifications and council have issued a Code Compliance Certificate.
Can the developer make variations to the plans and specifications?
If materials are no longer available or construction constraints require, then alternatives of equivalent value and appearance can be specified.
What options are there for colour changes?
The architects have selected several colour scheme options for the interior of your home. These can be viewed at the sales suite for the development. Your selections can be made prior to construction commencing.