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 overwhelming. Avoid costly mistakes by establishing a clear budget to focus your search and preparing your financial documents early.
Shop around for the best mortgage by comparing banks or using a mortgage broker. Boost your deposit with schemes like the KiwiSaver First Home Withdrawal and First Home Loan.
Finally, always engage a property lawyer for legal advice and get an independent builder’s report to protect your investment and make confident decisions.
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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