Buying guide
8 hidden costs of buying a house in NZ
Read this and buy with your eyes (and your wallet) open
AI summary
When buying a house in NZ, be prepared for significant costs beyond the purchase price. Budget for essential due diligence during your search, including:
- Building inspections (from $400)
- LIM reports
During the purchase, you'll face lawyer's fees ($800-$3,000+), insurance, and potential mortgage fees. If you have a small deposit, expect low equity margins. Don't forget to also factor in moving costs and funds for any immediate repairs after settlement.
Extra costs to consider when buying a house
House hunting
There may be additional costs for buying an apartment.
Purchase costs
Moving isn't free!
Moving in
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