Buying guide
6 first home buyer mistakes that could cost you thousands (and how to avoid them)
What are some common mistakes made by first home buyers? Find out how to avoid them and get ready to buy your first home
AI summary
Buying your first home in New Zealand can be overwhelming. Avoid costly mistakes by setting a clear budget to narrow your search and secure pre-approval.
Shop around for a mortgage, considering a mortgage broker to find the best deal. Boost your deposit with schemes like the KiwiSaver First Home Withdrawal or a First Home Loan.
Finally, protect your investment by hiring a property lawyer and getting an independent builder’s report to uncover hidden issues before you commit.
1. Not Knowing Your Budget
It's important to know your budget when hunting for your first home.
2. Not checking your credit score
3. Not Shopping Around for Your Mortgage
4. Not Using Schemes to Boost Your Deposit
5. Not Hiring a Good Property Lawyer
6. Not Getting a Builder’s Report
Author
Discover More
The letter that helped this couple buy on the street where she grew up
A letter to the sellers helped Hannah and Jamie buy a four-bedroom Tawa home on the street where Hannah grew up.
Tawa’s village vibe keeps Wellington families coming back
Great schools, a strong community and more house for your money: why Wellington families put down roots in Tawa.
Search
Other articles you might like
