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 the essential research you conduct before buying a property to avoid costly surprises. This process helps you make an informed and confident decision.
Key checks include reviewing a LIM Report for council information, a Builder’s Report for structural issues, a Valuation Report for market value, and the Report of Title for ownership details. Also, consider if the area and property fit your long-term plans. Securing finance pre-approval is another critical step in your due diligence.
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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