Buying your first home is exciting, and it can also feel like a lot of unknowns at once. The good news is that the process follows a fairly predictable order. Here's how I'd suggest approaching it.
1. Get clear on your budget
Your budget is more than the purchase price. Think about your deposit, legal fees, any building or other reports, moving costs, and the ongoing costs of owning a home such as rates, insurance and maintenance. Knowing all of that early stops surprises later.
2. Talk to a lender or mortgage adviser
Pre-approval tells you how much a lender is likely to lend, so you can shop with confidence. It isn't a guarantee, and a lender will still check details once you've chosen a property, but it's the best first step. If you don't have a mortgage adviser, I'm happy to introduce you to one I work with.
Quick tip
Ask your lender and check official sources for any first home support you may be eligible for, including KiwiSaver options. The rules change, so always check what's current.
3. Write down your must-haves and nice-to-haves
It's easy to fall for a house that ticks the wrong boxes. Before you start viewing, list what you truly need (bedrooms, section size, location, warmth) and what would simply be nice. It makes comparing homes far easier and keeps you focused.
4. Find a lawyer early
Your lawyer reviews the sale and purchase agreement and helps you with conditions before you sign. It's far better to have someone lined up before you find the house than to hunt for one in a hurry.
5. View plenty of homes and don't rush
Look at a range of properties, at different times of day if you can. You'll quickly get a feel for what's normal in your price range and what's good value.
6. Make an offer with the right conditions
Most offers include conditions, such as finance, a building report or a LIM. Your lawyer can help you word them so you're protected. Once every condition is met, the agreement becomes unconditional and you move towards settlement.
- Set your budget, including the extras
- Get pre-approval
- Write your must-haves and nice-to-haves
- Line up a lawyer
- View, compare and offer with sensible conditions
If you'd like a hand along the way, tell me what you're looking for and I'll keep an eye out for you through the Buyers Loop.
This is general information only, not legal, financial or building advice. Rules and market conditions change, so check the details with your lawyer, lender or the relevant authority before making decisions.
