Buying guide
7 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 involves avoiding common pitfalls. Start by setting a clear budget, preparing your financial documents, and shopping around for the best mortgage. Explore deposit-boosting options like KiwiSaver withdrawals and the First Home Loan.
Engaging professionals is also crucial. A property lawyer will guide you through complex paperwork, while an independent builder's report protects you from hidden structural issues. These steps help ensure you make a confident and informed purchase.
1. Not Knowing Your Budget
It's important to know your budget when hunting for your first home.
2. Not checking your credit score
4. Not Shopping Around for Your Mortgage
5. Not Using Schemes to Boost Your Deposit
6. Not Hiring a Good Property Lawyer
7. Not Getting a Builder’s Report
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