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 process of checking a property before you buy to avoid costly surprises. It protects you by providing a full picture of the home and its history.
This involves personal research on the area and affordability, as well as reviewing key documents like:
- A LIM Report for council data
- A Builder's Report for structural integrity
- A Valuation Report for market value
- The Report of Title for ownership details
Confirming your finance 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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