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
Buying your first home in New Zealand can be overwhelming. Avoid costly mistakes by setting a clear budget to focus your search and prepare for pre-approval.
Shop around for a mortgage, considering both banks and brokers. Boost your deposit by exploring schemes like KiwiSaver withdrawals and the First Home Loan.
Finally, protect your investment by hiring a property lawyer for legal guidance and commissioning an independent builder's report to uncover any hidden issues before you buy.
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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