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 can be overwhelming. Avoid costly mistakes by setting a clear budget to focus your search and prepare for pre-approval.
Shop for the best mortgage using a mortgage broker and boost your deposit with schemes like the KiwiSaver First Home Withdrawal and First Home Loan.
Finally, protect your investment by hiring a property lawyer to handle legal paperwork and getting an independent builder’s report to uncover any hidden structural 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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