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 involves avoiding costly mistakes. Start by setting a clear budget and preparing your financial documents for pre-approval.
Explore all mortgage options by comparing banks or using a mortgage broker. You can also boost your deposit with schemes like the KiwiSaver First Home Withdrawal and First Home Loan.
Finally, protect your investment by hiring a property lawyer for legal guidance and getting an independent builder’s report to uncover any 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
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