Frequently Asked Questions

Investors

What is the 2-Year Rental Guarantee?

One of the most daunting aspects of owning an investment property is the uncertainty around your weekly cash flow. This is why TGC Homes provides a 2-year rental guarantee which means that if you cannot achieve the appraised rent for your new investment property, then we will top up your revenue to the required amount. You can find all the details related to the TGC 2-year Rental Guarantee here.

How difficult is it to find quality tenants in Dunedin?

The rental market in Dunedin is incredibly tight because there is a significant shortage of rental properties available for both long-term and short-term tenants. The purchasers of our previous developments have all had success in finding tenants within a short timeframe post settlement.

What are the benefits of buying off-the-plan properties?

Buying off-the-plan allows investors to secure properties at today's prices, often with a smaller initial outlay. This can lead to significant capital growth by the time the property is completed.

Does TGC Homes partner with any property management companies?

Yes, we can make recommendations for both long-term and short-term property management companies that we know and trust, speak to one of our team today to be connected with a property manager that suits your needs.

Does TGC Homes partner with any mortgage brokers that can help me obtain finance?

Yes, we know several gun mortgage brokers that we can put you in touch with to help facilitate a mortgage. Reach out to one of our team today to be connected with a mortgage broker that suits your needs.

Does TGC Homes partner with any financial advisors that can help me achieve my financial goals?

Yes, we know several financial advisors that we can put you achieve your financial goals. Reach out to one of our team today to be connected with a financial advisor that suits your needs.

Can TGC Homes provide a cash flow analysis for their homes?

Yes, TGC Homes are more than happy to provide a cash flow analysis for your specific circumstances. Get in touch with one of the team today so they can collate a full cash flow spreadsheet specific to your circumstances.

Are your homes Healthy Homes compliant?

Definitely! All our homes are fully compliant with Healthy Homes Standards. They feature double-glazed windows, comprehensive insulation in the floor, walls, and ceiling, and come equipped with blinds/curtains and a heat pump. Each property is built to the highest standards, ensuring a warm, dry, and energy-efficient living environment.

Home Owners

Do you have a show home available to visit?

Yes, we do! You can visit our show home at 74 David Street, Dunedin during our regular scheduled open homes on Sundays from 11am to 12pm or Tuesdays from 12:30pm to 1:30pm. Alternatively, if these times don't suit, you can book a private viewing at a time that's convenient. We look forward to showing you around.

What deposit do I require to secure a home?

All you need is a 10% deposit of the total cost to secure your home. The remaining balance Is due once the home is completed, there are no other progress payments.

How does the deposit work?

To secure a home with TGC Homes, we require a 10% deposit which sits in escrow in our solicitor’s trust account until the homes are completed and we hand the keys over. TGC Homes does not have access to the deposit until settlement, and should we fail to deliver your home or if we were to go bankrupt then your deposit would be returned to you.

Do you provide a Master Build guarantee?

A Master Build Guarantee is one of a number of residential build guarantees available in New Zealand. While it is a great product, we feel it is best suited to new build contracts where progress payments are taken by the builder.

When your sales agreement goes unconditional you will pay a 10% deposit and nothing further until settlement. Your deposit will be held in our solicitor’s trust account until the property is completed and settlement takes place.

All TGC properties come with a 12-month defect period post build for faulty workmanship and faulty materials, and a 10-year structural warranty as required by the Building Act. The products used during the build carry manufacturers warranties and are covered under the Consumer Guarantees Act.

How does buying off-the-plan work?

We've created a step-by-step guide of what to expect when buying a home off-the-plans. Read our purchasers guide here.

How do I understand the floor plan(s)?

There is a lot to consider when looking at your floor plans and sometimes it can be easier to chat through any questions over the phone. Feel free to give us a call and we can talk through the details of the plans. We can also arrange a walk through of one of our show homes.

Are the homes freehold or unit titled?

All of our homes are freehold titled which means there is no body corporate, however many of our homes have shared ownership of the development’s driveway, shared gardens and any carparking. For those developments that have shared ownership over communal spaces, there is generally a Residents’ Society which takes care of your home insurance, the rubbish and recycling collection and gardening and cleaning of the shared areas.

Are there any body corporate fees?

All of our homes are freehold titled which means there is no body corporate, however many of our homes have shared ownership of the development’s driveway, shared gardens and any carparking. For those developments that have shared ownership over communal spaces, there is generally a Residents’ Society which takes care of home insurance and maintaining/cleaning the shared grounds/landscaping. The cost varies slightly between developments but is approximately $1800-$2200/year.

Why buy a new build home?

New homes are lower maintenance, warmer and more efficient than older homes. This keeps its occupants healthy and the running costs to a minimum.

Do you provide any financial assistance for first home buyers?

Yes, TGC Homes offer their First Home Advantage deal for First Home Buyers to help get them on the property ladder.

Does TGC Homes partner with any mortgage brokers that can help me obtain finance?

Yes, we know several gun mortgage brokers that we can put you in touch with to help facilitate a mortgage. Reach out to one of our team today to be connected with a mortgage broker that suits your needs.

Our Homes

How frequently should the exterior of my home be repainted?

All painted claddings require repainting every 7-10 years as it is the life of the paint that expires rather than the cladding itself. Examples of painted claddings include weatherboards, plaster, board and batten and James Hardie cladding products.

How does the intertenancy wall work?

TGC Homes utilise the GIB Intertenancy Barrier System for our intertenancy walls which consists of two fully insulated, timber frame walls that are separated by a 25mm thick plasterboard barrier between the frames. The GIB Intertenancy Barrier Systems for terraced homes provides airborne noise control ratings that exceed the minimum requirements of the New Zealand Building Codes Clause G6 – Airborne and Impact Sound and provides the passive fire protection in accordance with the requirements of New Zealand Building Code's Clauses C1-C6 – Protection from Fire.

Are the homes double glazed and insulated?

Yes, all our homes are designed and built to meet the Building Code's H1 Energy Efficiency requirements, this means all of our homes are double glazed and fully insulated.

Do the homes have a heat pump?

Yes, all our homes come fully equipped with heat pumps appropriately sized to meet the healthy homes standard.

Do the homes come with curtains and blinds?

Yes, all of our homes come move in ready with curtains and blinds already installed.

Do the homes come with appliances?

Yes, all of our homes come move-in ready with appliances including oven, dishwasher, rangehood and stove.

The Build Process

How long does it take to build?

We aim to deliver every home within 12 months from the date of sale.

How will I know how the build is progressing?

TGC Homes provide monthly progress updates complete with photos, so you are fully up to speed with how the project is progressing.

Do I have to make progress payments during the build?

There are no progress payments required, you simply secure your home with a 10% deposit and then pay the remaining balance upon completion of the homes.

What happens if the cost of materials or building goes up during the project?

The price you pay for the home is fixed and any increases in build or material costs are absorbed by TGC Homes.

TGC Homes Leading Dunedin Townhouse Developers
Creating homes Kiwis can be proud of

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Show Home Open

Sundays 11am - 12pm
Tuesdays 12:30pm - 1:30pm

74 David St, Caversham, Dunedin

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