Our comprehensive guide includes must-know tips covering organising a deposit, talking to banks, searching for houses, making an offer, lawyers, conveyancing, KiwiSaver, removals and more than
Updated 30 Oct 2021
Buying a domicile summary
- Ownership a house or apartment is probable to be the biggest purchase of your life, so it's of import to take a good understanding and maximise your bang for cadet from twenty-four hour period one.
- Small mistakes and misunderstandings tin can cost BIG later on, and cause unnecessary amounts of stress and uncertainty. Our team has put together a foolproof firm-buying guide, with twoscore tips to requite y'all everything you demand to know.
- This guide covers what to look out for, how to store for a domicile, and everything to inquire before you make the leap into home ownership.
Disclaimer:Equally with all our guides, we have made all reasonable efforts to ensure accuracy. The guidance does not constitute legal advice for your personal circumstances. By using this guide, you practise so at your ain risk. If you have any suggestions or would similar to contribute, please contact our research team.
| | Do proper due diligence on a property - the more you lot know, the easier everything else will be As your holding is your largest purchase, location location location what matters well-nigh. You may dearest the dwelling house, but if you lot don't love the expanse you volition never exist able to motility it. A five-point plan of assail is needed to avert problems or disappointment later on on. ane. Telescopic out the neighbourhood - Visit the neighbourhood at unlike times, specifically in the evening afterwards work and during the weekend and be on the lookout man for clues. Is in that location a lot of graffiti? Noisy cars/traffic noise? Traffic jams? Do you similar the local shops? Is there a supermarket close by? Public transport? What are the restaurants and confined like? Are the cars make clean and well cared for, or burnouts? Are in that location local parks for families, playgrounds, placidity, safe roads?
- You lot can fifty-fifty have a holiday in the area by booking an AirBnB for a night and survey the area, request your hosts what it'southward like. It'south not creepy – the investment justifies your research.
- The Police force give statistics on law-breaking, and so expect at these. Also, cheque the government schoolhouse reports to run into the school decile and achievements. Google the area, searching under 'news' to run across what exactly has been happening.
two. 'Dominicus Map' the holding - New Zealanders beloved a n facing belongings, with plenty of dominicus and the idea of a perfect lifestyle.
- To see when the sun hits your house (and leaves it) at whatsoever fourth dimension of the year, bank check out SunCalc.org.
- Any twenty-four hours of the twelvemonth is covered, and so you know exactly how much sun you'll get on cold wintertime days and warm summer nights.
- If the sun map doesn't deliver what you're looking for, i.e. there isn't whatsoever sun in the living areas, you tin move on to another belongings.
3. Google the address - This may be an obvious step, but Google tin reveal the virtually surprising things about a belongings, from crime information to one-time photos and real estate agent listings.
- Before you go into any property sites or purchase valuation reports, a simple center over the search results volition meliorate inform y'all of the basics.
4. Use the best belongings finders - The net has made the Holding Press and Real Estate part windows far less relevant, and do not be intimidated by asking prices as there is a big difference between what a seller wants and what they will go for their property.
- To be in the know, register with local real estate agents who tin then give y'all first dibs on a new property. This gives yous the upper hand, and beats waiting for it to prove online.
- Popular websites include Trade Me Holding (arguably the biggest collection of listings), realestate.co.nz, oneroof.co.nz and QV.co.nz (Valuations New Zealand).
5. Get in the Know - Ask the amanuensis for the common cold hard facts
Before you brand an offering, yous need to ask key open questions and get the answers in writing if possible. When it comes to ownership a property, data is your biggest advantage!
Nosotros take a listing of xx hard-striking questions to ask your agent: - How long has information technology been on the market place?
- Where are the owners moving to and why are they selling?
- How many people have viewed it and how many offers have been received?
- How much is a power bill in wintertime and in summer?
- Have at that place been any problems with the neighbours?
- What renovations or modifications have been washed, and are they in compliance with local council regulations?
- How old is the hot water cylinder and is there a warranty on information technology still?
- If you are buying an flat, what is the torso corporate fee?
- Who are the neighbours?
- How long has the owner lived in that location?
- What exactly is included in the sale, i.e. curtains/shades, white appurtenances, fireplace?
- What is the parking state of affairs, and is on-street parking safe?
- Take there been whatsoever structural, subsidence or liquefaction problems?
- What'southward the council rates bill?
- What is the broadband speed like, and who is the provider?
- Has the property ever had a fire/flood/earthquake impairment?
- Does the street have a lot of families, or is it mainly retirees?
- Is at that place an active Neighbourhood Scout group in the street/area?
- If you take children or planning to kickoff a family, where practice local children play?
- Is there criminal activity in the street (drug dealers etc) and has anyone ever been murdered here? (nosotros suggest you Google the address)
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