Tips For Buying Your Next Home
Kia Ora Neighbours!
Six tips to help you with your journey on the property ladder.
1. DECIDE WHAT YOUR LOOKING FOR
Before selling, figure out what your next steps are going to be. Are you upsizing or downsizing? Are you aiming to become mortgage-free? Or do you have pre-approval on a new loan? Then you can start investigating the number of homes in your search area that fit the bill and how much they may cost you.
2. PURPOSE
Why are you considering a move? Are you looking for a larger, long-term family home? Are you willing to sacrifice a longer commute time for a better lifestyle? Or are you looking for a property to invest in, with a good capital gain forecast? A long-term plan vs a short-term investment will each paint a different picture.
3. PREPARE FOR THE FUTURE
It’s important to think ahead when buying a home – around seven years is a good benchmark. Your kids will become teens, your teens will leave home (or not) or your parents may need to move in as they grow older. Ask yourself “will this home still work for me in seven years’ time?”.
4. EMPLOYMENT
Factor in your current commute times and travel costs, but also think down the line. For example, right now you may be a young couple both working full time, but are you preparing to start a family? If one person will stay home with the child, it makes sense to purchase a home closer to the other person’s office.
5. DO YOUR DUE DILIGENCE
Just like a first-time buyer, it’s important to do your due diligence. That means the usual LIMs and building reports, but should also include things like a meth test. Make good use of your real estate agent – they are a wealth of knowledge not only about the home, but the local area.
6. KEEP AN EYE ON THE MARKET
Your property journey doesn’t end once you’ve signed on the dotted line and moved into your new place. For most New Zealanders, a home is the biggest investment made in a lifetime and, in many cases, it’s relied upon to help fund retirement. So, like any big investment, it’s a good idea to keep an eye on trends or changes in the market. The realestate.co.nz New Zealand Property Report or REINZ sales data are two handy sources of information.
It’s Riddle Time! Beat the Neighbourhood with Your Smarts!
Which of the following words don't belong in the group and why?
CORSET, COSTER, SECTOR, ESCORT, COURTS
Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.
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Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
🎄Let's get festive 🎄
If you've decked your halls with all things jolly, we think it deserves to be shown off!
Share a photo of your home in its Christmassy glory and be in to win a spot prize. Some of these entries will be chosen as a finalist for the grand title of NZ's Merriest Home which Neighbourly members can vote on!
Entries close Sunday, 15th of December so share a photo today 📸
Neighbourhood Riddle Duel: Who Will Guess First?
There are three playing cards in a row. Can you name them with these clues?
There is a two to the right of a king.
A diamond will be found to the left of a spade.
An ace is to the left of a heart.
A heart is to the left of a spade.
Now, identify all three cards.
Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.
Want to stop seeing riddles in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
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