Buying guide
Property due diligence in NZ: what to check before you buy
Understanding this essential step in your property journey.
AI summary
Property due diligence is the essential research you do before buying a home to avoid costly surprises and make an informed decision. This involves personal checks like visiting the area and assessing if the property fits your long-term plans.
A crucial part is reviewing key documents with your legal expert, including:
- A LIM Report for council information
- A Builder's Report for structural integrity
- A Valuation Report for market value
Confirming your finance pre-approval is also a key step.
What is due diligence and why does it matter?
Builder's reports can give you crucial information about the state of the property.
Your due diligence checklist
Questions to ask yourself:
Key documents to review
LIM Report (Land Information Memorandum)
Builder’s report
Valuation report
Report of Title
Property file
Don’t forget the finance side
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