Your house buying checklist

Buying a home is one of the most important decisions that Kiwis will make. With many things to consider, it’s important to know what to look out for so that you buy well.

Building inspection

As your first action point, it’s a good idea to arrange a pre-purchase building inspection completed by an accredited building surveyor. While not exhaustive, these visual inspections can help alert you to any signs of damage, defects or mold.

Insurability

In certain parts of the country, home insurance coverage has become harder to secure, so be sure to check whether your potential new home is eligible. A Mike Pero Insurance Adviser can help you search for a suitable policy and support you to review your options before making any formal commitments.

Electrical wiring

If you are buying an older home, it’s a worth taking a closer look at the electrical wiring to check that everything is in good, working order. If the home needs to be rewired, be sure to factor the costs of this into your budget.

Leaky homes

Leaky homes are an ongoing issue in New Zealand, particularly for timber-framed houses built between 1988 and 2004 – with many properties experiencing mold, rot and water damage. This damage might not be visible, so you may want to ask your build inspector for more information.

Property value

As with any investment, you’ll want to make sure you aren’t overpaying. As local market experts, a Mike Pero Real Estate Agent can provide a list of recent sales in the area and help answer any questions.

For further advice on buying your next home or for support to explore the mortgage options available, contact your local Mike Pero Mortgage Adviser.