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 home in NZ involves significant costs beyond the purchase price. Budget for essential due diligence like building inspections (from $400) and LIM reports.
During the purchase, you'll need to cover lawyer's fees ($800-$3,000+), mandatory house insurance, and potential mortgage fees. Borrowers with less than a 20% deposit may also face a low equity margin.
Finally, remember to account for moving expenses and the cost of any immediate repairs or improvements after taking possession.
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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