Buying guide
6 first home buyer mistakes that could cost you thousands (and how to avoid them)
What are some common mistakes made by first home buyers? Find out how to avoid them and get ready to buy your first home
AI summary
Buying your first home in New Zealand can be complex, but avoiding common mistakes saves thousands. Start by setting a clear budget and preparing your mortgage application documents early.
Explore all your options by shopping for a mortgage with a mortgage broker and using schemes like the KiwiSaver First Home Withdrawal or First Home Loan.
Finally, protect yourself by hiring a property lawyer for legal guidance and getting an independent builder’s report to avoid costly surprises.
1. Not Knowing Your Budget
It's important to know your budget when hunting for your first home.
2. Not checking your credit score
3. Not Shopping Around for Your Mortgage
4. Not Using Schemes to Boost Your Deposit
5. Not Hiring a Good Property Lawyer
6. Not Getting a Builder’s Report
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