First Home Buyers

Your first home is a big step, and you do not have to work everything out at once. Start with what you can comfortably afford and the way you want to live, then take the search, viewings and paperwork one step at a time.

Set the budget before the shortlist

Talk with a lender or mortgage adviser about borrowing and the conditions of any approval. Allow for rates, insurance, maintenance, legal work and property reports as well as the deposit and mortgage. A loan pre-approval may still depend on the property and your circumstances.

Check KiwiSaver early

Members with at least three years in KiwiSaver may be eligible for a first-home withdrawal. At least $1,000 must remain in the account, and the property must be intended as your home rather than an investment. Contact your provider about eligibility, documents and timing before relying on the money for an offer. Previous homeowners have additional assessment requirements.

Understand current lending options

The Kāinga Ora First Home Loan can lower the required deposit to 5% for eligible borrowers through participating lenders. It is a loan, not a grant or automatic approval. Speak with a participating lender about whether it fits your circumstances.

Compare the home with your routine

For a Tuakau property, think about your work journey, school needs, outdoor space and the upkeep you can manage. View at a time that helps you understand the setting. A lower-maintenance town home and a property with more land involve different ongoing costs.

Make the offer with the right checks

Get your lawyer involved before signing. Discuss finance, title, council information and property condition, then have appropriate conditions drafted. For an auction, arrange those checks before bidding under the actual terms.

Found a home you would like to see? The listing salesperson can arrange a viewing and share the property information available. Your lender and lawyer can help you work through the commitments so you can decide whether it is right for you.

Contact Ray White Tuakau about your property search.