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 your essential research before buying a home in New Zealand, protecting you from costly surprises. This process involves personal checks, like visiting the area, and reviewing key documents with your legal and property experts.
Important reports to check include:
- LIM Report: For council information on consents and risks.
- Builder's Report: To identify structural or maintenance issues.
- Valuation Report: To assess market value for your offer.
- Report of Title: To confirm ownership and land restrictions.
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
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