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
Buying your first home in New Zealand can be tricky. Avoid common mistakes like not setting a clear budget or preparing your financial documents in advance.
Explore schemes like KiwiSaver withdrawals and the First Home Loan to boost your deposit, and shop around for the best mortgage.
Crucially, always engage a property lawyer to handle paperwork and get an independent builder's report to check for structural issues and avoid costly surprises down the track.
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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