Buying your first home can be one the biggest events of your life.
With so many things to take into consideration, we’ve compiled a few tips below to guide you through the process of buying your first home.
Start planning early, make the most of KiwiSaver, and know what you are working with before you purchase your first home.
Buying your first home is going to be a long process - it really doesn’t happen overnight.
There are many things to take into consideration from both a financial and non-financial perspective, so start planning early and make the right decisions - such as getting the most out of KiwiSaver.
Over 100,000 people have used KiwiSaver funds for their first home deposit.
Joining KiwiSaver early on and keeping track of fund performance can really help you with your first home purchase.
Be sure to compare KiwiSaver fund performance regularly to ensure you are on a fund which will help you meet your goals. Make sure you also check out our article for getting the most out of KiwiSaver.
If you were asked what your dream home is, would you be able to clearly describe it? Is it one or two-storey? How many bedrooms and bathrooms does it have, and where is the ideal location?
These are just some of the details you should be clear about, and will inform your buying decisions to ensure you don’t overestimate your budget.
Speaking of budget, know what you can afford and are willing to pay.
There are many costs associated with purchasing your home, including your initial deposit, monthly payments, lawyer fees, and moving costs.
Planning is the key to success, so try to be optimistic and realistic at the same time.
Auctions can be a scary and exciting time when it comes to purchasing a house.
Sealing the deal and avoiding an auction is optimal, but there are times where you will have to attend an auction.
Prepare yourself beforehand by going to an auction and seeing what it’s all about – this means you won’t feel pressured to either make a hasty decision or feel too nervous to bid if you should.
There are thousands of people who are in the same shoes as you.
They may have very similar requirements for their dream home, which means you could be competing against them.
In some situations, you have may have to compromise on your ideal property and look for the gems where you can improve and renovate to create your dream home.
Buying your first home can be a bit of a rollercoaster experience. For some people, it may be a smooth ride, and for others ,it could be a total nightmare.
The housing market in New Zealand is a bit frantic, with demand exceeding supply and house prices skyrocketing.
There’s the potential for a lot to go wrong or not according to plan - just know that some things won’t go exactly as you might imagine them without proper planning and setting your expectations.
If you’d like to know more about KiwiSaver, glimp offers a free KiwiSaver Comparison tool to help New Zealanders compare funds and providers – visit the glimp website today!
Getting ready to leave and drive to relax for the upcoming long weekend? Well, see all the latest stories involving cars and th...
Are you looking to upgrade to some new tech? Apple has launched new products in their Spring Loaded. But is it worth the upgrad...
Glimp were bloody great. I have very recently lost my wife and was dreading changing everything out of her name and resigning and looking for best deals but Glimp made the process so bloody easy. Thank you so much Glimp you guys rock.
Their was no report shown when I was credit checked and I went through the check to many times two days of checking thank you Emil
I found Glimp when I was looking for Internet Providers that I would have to sit through and compare myself. I at first thought Glimp was an Internet provider but then I was pleasantly surprised when they came up as a website solely for comparing all sorts of different things so the customer could find the best deal. I found my new Internet provider on there and even found out I could be with a better Power company then the one I am with now. Very Useful and I recommend Glimp to the bargain hunters!
Agent very helpful in getting me the best deal, made the whole process so easy, Highly recommend!