The buying process
Without a doubt, if you're in the market to buy a home, you need to look at as many properties as you can. Depending on your budget, needs and tastes, you'll find that different areas of Auckland will appeal in different ways.
|Once you've decided on an area, contact Horizon Financial - we'll put you in touch with a Real Estate professional who knows the local area and can help you find your ideal home.|
As well as cost of living, other factors considered by many New Zealand home buyers include:
New Zealand property types
- Proximity to good schools
- Proximity to amenities
- Is the property in a quiet street?
- IS the property handy to main transport routes?
There are two main types of dwelling construction in New Zealand:
- Brick and tile
Both construction types have merit in the New Zealand climate. Wood-clad dwellings tend to be flexible and breathe well, which is ideal for the varied kiwi climate. Brick is usually used as a cladding only, and almost all dwellings are constructed using a wooden sub-frame.
Find out your borrowing potential
Understanding your borrowing potential is crucial to the buying process. Initially, you can rely on our to get an indication of , and possible .
Making an offer
Once you've found a property you want to purchase, it's time to make an offer. In New Zealand, entering into negotiations is a safe process designed to protect both buyer and seller.
Always make a conditional offer (e.g. conditional upon a satisfactory builder's report, registered property valuation or LIM report). You should always use a lawyer to interpret the LIM report. A Land Information Memorandum is a report issued by a territorial authority containing all the information held by that authority, relevant to the specific property.
A conditional offer is binding on both parties. Should you find a problem with the property, you can withdraw your conditional offer.
Expect to pay around $1400 to $1700 for valuation, legal costs, a builder's report and a LIM report.
If you decide to sell your home, you have the choice in New Zealand of using the professional services of a real estate agency, or of selling you hom eprivately.
A good real estate agent will know your neighbourhood, the local market conditions and will market your property with a targeted sales campaign.