Buying guide
Property due diligence in NZ: what to check before you buy
Understanding this essential step in your property journey.
AI summary
Due diligence is a vital step for Kiwi property buyers to avoid costly surprises and make an informed decision. It involves personal research into the neighbourhood and your future needs, plus a thorough review of key documents.
Essential reports to check include:
- LIM Report: Details consents, risks, and rates.
- Builder’s Report: Highlights structural or maintenance concerns.
- Valuation Report: Assesses the property's market value.
- Report of Title: Confirms ownership and land restrictions.
Confirming your finance pre-approval is also a critical part of this process.
What is due diligence and why does it matter?
Builder's reports can give you crucial information about the state of the property.
Your due diligence checklist
Questions to ask yourself:
Key documents to review
LIM Report (Land Information Memorandum)
Builder’s report
Valuation report
Report of Title
Property file
Don’t forget the finance side
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