Buying guide
7 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
Avoid costly mistakes when buying your first home in New Zealand. Start by setting a clear budget and preparing your finances for mortgage pre-approval.
Explore all your options to secure the best deal:
- Use a mortgage broker to compare loans.
- Boost your deposit with schemes like the KiwiSaver First Home Withdrawal.
Protect your investment by hiring a property lawyer for legal checks and getting an independent builder’s report to uncover hidden issues, ensuring you can buy with confidence.
1. Not Knowing Your Budget
It's important to know your budget when hunting for your first home.
2. Not checking your credit score
4. Not Shopping Around for Your Mortgage
5. Not Using Schemes to Boost Your Deposit
6. Not Hiring a Good Property Lawyer
7. Not Getting a Builder’s Report
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