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 must do before buying a property in New Zealand to avoid costly surprises and make an informed decision. This process involves personal checks like visiting the area and confirming affordability.
It also requires reviewing key documents, including:
- A LIM Report for council information
- A Builder's Report for structural issues
- A Valuation Report for market value
- The Report of Title for ownership details
Confirming your finance pre-approval is also a critical step.
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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