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 in New Zealand. Start by setting a clear budget and preparing your financial documents for mortgage pre-approval.
Explore all options to boost your deposit, including KiwiSaver withdrawals and the First Home Loan scheme. Shop around for the best mortgage deal by comparing offers from banks and mortgage brokers.
Finally, protect yourself by hiring a property lawyer for legal guidance and commissioning an independent builder's report to avoid any costly, hidden surprises.
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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