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. Start by setting a firm budget and preparing your financial documents for mortgage pre-approval.
Boost your deposit with schemes like the KiwiSaver First Home Withdrawal or the First Home Loan. Compare mortgage offers from banks and brokers to find the best deal for your situation.
Finally, protect your investment by hiring a property lawyer for the paperwork and getting an independent builder’s report to uncover any potential issues.
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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