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 do before buying a property to avoid costly surprises and make an informed decision. This process involves personal checks, like visiting the area, and reviewing key documents.
Your pre-purchase checklist should include obtaining and reviewing:
- LIM Report: For council information on consents, risks, and rates.
- Builder's Report: To identify potential structural or maintenance issues.
- Valuation Report: To assess the property's market value.
- Report of Title: To confirm ownership and any 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
Don’t forget the finance side
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