Turnkey vs. Land & Build: What’s Right for Your Investment?

When it comes to investing in new build property in New Zealand, one of the first decisions you’ll need to make is whether to go turnkey or land & build. At KEY2 Invest, we specialise in matching investors with properties that suit their strategy, timeline, and financial goals - and that starts with helping you understand the difference.

What Is a Turnkey Property?

A turnkey property is a complete, ready-to-rent home. You typically pay a 10% deposit upfront, with no further payments required until the property is finished and the Code Compliance Certificate (CCC) is issued.

Why Investors Like Turnkey Homes:

• Low risk: You’re not paying during construction.

• Simplified finance: Easier for many to secure lending.

• Set price: Fixed contract pricing provides cost certainty.

• Faster tenanting: Property is ready to rent once complete.

Best For:
First-time investors or time-poor buyers looking for a hands-off, lower-stress investment.

What Is a Land and Build Package?

A land & build involves buying a section of land first, then building on it in stages. You’ll make progress payments throughout construction, based on completion milestones (e.g. slab, framing, roof, etc.).

Why Some Investors Choose Land & Build:

• Design flexibility: More control over finishes and layout.

• Potential for equity gains: If land increases in value during build.

• Staged finance: Works for buyers who can manage progressive payments.

Considerations:

• Requires more time and involvement.

• Higher upfront cash flow and exposure during build.

• More variables, including delays and potential cost overruns.

Best For:
Experienced investors or those with strong cash flow and a long-term vision.

So, Which Is Right for You?

It depends on your investment goals, cash flow, and comfort with construction risk.

At KEY2 Invest, we work exclusively with new build properties across both models. Whether you prefer the ease of turnkey or the potential of a land & build, we’ll match you with pre-vetted opportunities from our trusted builder network.

Let’s Talk Investment Strategy

Not sure which option fits your goals best? Contact our team - we’ll help you assess the pros and cons based on your individual situation.