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 significant hidden costs beyond the sale price. During your search, budget for due diligence expenses like building inspections (from $400) and LIM reports.
The purchase process adds lawyer's fees ($800+), potential mortgage fees, and mandatory house insurance. Borrowers with a small deposit may also face low equity margins.
Finally, remember to account for moving expenses and the cost of any immediate repairs needed after you take possession of the property.
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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