Buying guide
8 hidden costs of buying a house in NZ
Read this and buy with your eyes (and your wallet) open
AI summary
Buying a house in NZ involves more than the sale price. Buyers should budget for several hidden costs that arise during the house hunting, purchase, and moving-in phases.
Key expenses include:
- Building inspections and LIM reports for due diligence.
- Lawyer's fees for legal processing.
- House insurance, often required by lenders.
Also, factor in potential low equity margins for deposits under 20%, as well as immediate repair and moving costs after the purchase.
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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