Buying guide
8 hidden costs of buying a house in NZ
Read this and buy with your eyes (and your wallet) open
AI summary
Buying a house in NZ involves significant hidden costs beyond the purchase price. Be prepared for expenses during the house hunting, purchase, and moving-in stages.
Key costs to budget for include:
- Due diligence: Building inspections (from $400) and LIM reports.
- Purchase process: Lawyer's fees ($800+), house insurance, and potential mortgage fees.
- Post-purchase: Moving expenses and immediate repairs.
Also, be aware of low equity margins if your deposit is under 20%, which increases your interest rate.
Extra costs to consider when buying a house
House hunting
There may be additional costs for buying an apartment.
Purchase costs
Moving isn't free!
Moving in
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