Buying guide
Property due diligence in NZ: what to check before you buy
Understanding this essential step in your property journey.
AI summary
Property due diligence is a crucial step for Kiwi homebuyers to avoid costly surprises. It involves personal research into the neighbourhood and affordability, alongside reviewing key documents.
Essential checks include:
- A LIM Report for council information
- A Builder's Report for structural integrity
- A Valuation Report for market value
- A Report of Title to confirm ownership
Confirming your finance pre-approval is also a vital part of being ready to buy your new home.
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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