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 the right property means weighing your options. Stand-alone homes offer space but require more maintenance. Apartments and townhouses can be affordable and central but involve a body corporate with ongoing fees and rules.
Other paths like building on a section, buying off-plan, or considering a mortgagee sale present unique benefits and significant risks. Regardless of the type, it is crucial to assess your long-term needs, conduct thorough due diligence, and seek professional legal advice before you buy.
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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