Frequently Asked Questions

A compilation of frequently asked questions encompassing a range of topics related to the process of purchasing off-plan.

about hr group

What makes HR Group different to other property developers?

We believe that building properties is not just about construction, but also about shaping communities and enhancing lifestyles. We deeply understand our role and responsibility in this endeavour. This is why we ensure that every project is the perfect fit for buyers or investors in every aspect, from design to location selection.

What type of projects do you work on?

Our expertise spans various residential developments, ranging from luxury apartments to student-friendly inner-city dwellings and everything in between. Our agile and experienced team excels in managing projects of diverse scales, catering to specific markets.

How do you ensure quality on your projects?

Quality is at the heart of our work. We meticulously choose materials and conduct rigorous on-site inspections, ensuring that every aspect of construction meets our exacting standards.

How do you manage time and budget constraints?

Our experienced team has a proven track record in project management. Additionally, we have implemented rigorous internal systems to ensure efficient processes throughout the planning, design, construction, and marketing rollout phases.

Buying in New Zealand

I’m based overseas - who can buy property in New Zealand?

If you are a non-New Zealand resident or citizen, you will first need to determine your eligibility - refer to this link for more information on eligibility criteria (https://www.live-work.immigration.govt.nz/).

What process is involved?

In New Zealand, real estate salespeople represent the vendor. As a purchaser you must arrange legal advice and necessary reports independently. Once you engage a lawyer, they can guide you through the process. Offshore purchasers and vendors must obtain a New Zealand IRD number and provide a tax statement before settlement, along with other required steps. For further details, refer to this resource.

Investing in property

What are the potential financial benefits of buying an off-plan property?

Buying off-plan can offer substantial financial benefits. You secure a property at today's price, and if property values rise during construction, you stand to benefit from increased equity when the property is complete.

How can buying off-plan from HR Group help me with portfolio diversification?

Purchasing off-plan properties from HR Group facilitates portfolio diversification by offering a wide variety of options, including urban apartments and suburban townhouses. This allows investors to cater to different market segments and achieve varying rental yields.

Can investing in off-plan properties provide tax benefits?

Yes, depending on local laws, off-plan investments can offer tax advantages like deductions on mortgage interest and property taxes. We recommend consulting with a tax advisor to understand specific benefits.

How does HR Group support long-term value in off-plan investment?

We’re committed to building homes with enduring quality materials and designs that stand the test of time. This focus on quality contributes to lasting property value and rental demand, aligning with long-term investment goals.

Buying Off Plan

How will I know the developer will deliver what they’ve promised?

To ensure confidence in the developer's commitment, check their track record and review their previous projects. You can also enquire about the project's funding, examining whether it heavily relies on purchaser funds or has a solid capital base in place. These factors will provide valuable insights into the developer's reliability and capability.

What’s the best way to compare competing off-plan projects in similar areas?

Visit the proposed development site, compare features and pricing. Seek expert advice from a local sales agent, review legal terms, and consider potential returns for informed decision-making.

What due-diligence is involved?

Conduct a thorough check of the body corporate, ensuring that the annual fees are sufficient to cover expected maintenance expenses. Familiarise yourself with all the rules, as there might be pet restrictions and guidelines for utilising development areas.

How do I find out more about the standard of construction?

You can enquire about the construction company and assess their track record. Additionally, carefully review all the specifications, such as fixtures, fittings, and floor finishes. This will provide you with a clear picture of the build's quality.

Warranties & Maintenance

What guarantees do I receive when I purchase a property through HR Group?

You receive two guarantees:

The Master Build 10 Year Guarantee – a comprehensive guarantee issued by our Registered Master Builder that protects you for 10 years from the date your Guarantee application is accepted. To find out more about what it covers, refer to this resource.

Combined protection through the Building Act, Consumer Guarantees Act & Fair Trading Act

Under NZ law, you are covered for:

buildings and building materials — under the Building Act's implied warranties
services provided by tradespeople — under the Consumer Guarantees Act
misleading claims — under the Fair Trading Act.

To find out more about consumer protection, refer to this resource

In addition, each project HR Group develops is subject to an annual Building Warrant of Fitness (BWOF) check to ensure it is compliant to Auckland Council standards.

Elysian Parnell