Buying guide
Considering your property options
How do you choose which property type is best for you? Here are some tips from the team at Settled.govt.nz
AI summary
Choosing the right property means weighing your current and future needs. A stand-alone home offers space and freehold ownership but comes with full maintenance responsibility. In contrast, apartments and townhouses can be more affordable centrally but involve body corporate fees and rules.
Consider other paths like building on a section, buying off-plan for a new build, or a riskier mortgagee sale. Each option has unique benefits and drawbacks, making thorough due diligence and legal advice essential before you commit.
Some important things to know
Buying a stand-alone home
Buying an apartment or townhouse
Buying an empty section
Buying off plan means you get a brand new home without wear and tear, but there are potential risks.
Buying off a plan
Buying a mortgagee sale property
Relocating a home
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