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. Budgeting for these "hidden" expenses is crucial for a smooth process.
Key costs include:
- Building inspections and LIM reports during your search.
- Lawyer's fees, mandatory house insurance, and potential mortgage fees during the purchase.
- Low equity margins if your deposit is under 20%.
- Moving costs and immediate repairs after you take possession.
Factoring these items into your budget is essential.
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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