Buying guide
Considering your property options
How do you choose which property type is best for you? Here are some tips from the team at Settled.govt.nz
AI summary
Choosing a property requires considering your long-term needs and priorities. Stand-alone homes offer privacy but require maintenance, while apartments and townhouses are affordable centrally but involve body corporate fees and rules.
Other options include building on a section, buying off-plan, or considering a mortgagee sale. Each carries unique risks, from construction delays to a lack of warranties. Thorough due diligence and seeking legal advice are essential for any property purchase to understand all obligations and potential issues.
Some important things to know
Buying a stand-alone home
Buying an apartment or townhouse
Buying an empty section
Buying off plan means you get a brand new home without wear and tear, but there are potential risks.
Buying off a plan
Buying a mortgagee sale property
Relocating a home
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