Feature article
House hunting: what are the different types of properties?
There’s plenty of variety in the NZ housing market.
AI summary
Understanding NZ property types is crucial for house hunters. Ownership structures vary significantly and include:
- Freehold: You own both the house and the land, offering maximum flexibility.
- Cross Lease: You own the house but share land, requiring neighbour approval for alterations.
- Leasehold: You own the dwelling but lease the land, often incurring body corporate fees.
Consider the trade-offs between a New Build, which may offer lower deposits but risks delays, and an Existing Home, which provides value-add opportunities but may require more maintenance.
1. Freehold
2. Cross Lease
3. Leasehold
4. New Build
5. Existing Home
Financial Disclaimer
Author
Discover More
Remote Lake Tekapo property amid the tussock has caught the eye of US media
This remote Lake Tekapo retreat was designed to sit quietly in the rugged landscape, with spectacular views.
Seafront home for less than $1m? This one comes with stunning Mid-century makeover
A Wellington seafront home has been transformed into a colourful Mid-century masterpiece, complete with a retro kitchen.
Search
Other articles you might like
