Planning to Buy Real Estate?
If you are planning to buy real estate in New Zealand, there are some simple steps to follow to ensure you get the best return and enjoyment from your dollar.
Whether it's your first home, a new place, or an investment property, there are basic guidelines to help you make the right decision for you and your future.
For most people buying a house is the biggest purchase they'll ever make.
Yet it is one that is so easily swayed by emotion and desire, without considering some very important factors that will make it a good buy.
If you work through a list of "must haves or must dos" you are far more likely to find the house for you that also meets all the criteria for a good investment.
While it may feel odd talking about your future home as an investment, as it is something you'll be paying large sums of money into every month, you need to make sure it's money spent wisely.
If you plan to buy real estate in New Zealand, then think about the following: 1.
What sort of place do you actually need and where should it be? It may be hard to separate them, but the needs list should be different to the wants one.
Many of us want a walk in wardrobe and an in-house movie theatre, but they may not be deal breakers in a purchase.
Create a list of critical requirements (such as a minimum number of bathrooms or bedrooms, and perhaps where it is in terms of other amenities.
) You can still have a wants list to refer to as you go just in case.
2.
How much can you spend? Your budget is going to create a window of availability in terms of the type of home and the locality of it.
Make sure you mentally reduce your limit when shopping by around ten to twenty thousand so that you've got a little leeway if you find that perfect wee place and it's a bit more than your limit.
3.
Is it a good investment? It does feel strange to talk of a place that will be your home, or the home of your tenants, as an investment, but it is.
Is it in an area where there is expected growth? Is the value likely to appreciate? This is important for your long term plans.
When you buy real estate in New Zealand, make sure you are happy with your purchase, so you can enjoy the bricks and mortar result of your investment every day you own it.
Whether it's your first home, a new place, or an investment property, there are basic guidelines to help you make the right decision for you and your future.
For most people buying a house is the biggest purchase they'll ever make.
Yet it is one that is so easily swayed by emotion and desire, without considering some very important factors that will make it a good buy.
If you work through a list of "must haves or must dos" you are far more likely to find the house for you that also meets all the criteria for a good investment.
While it may feel odd talking about your future home as an investment, as it is something you'll be paying large sums of money into every month, you need to make sure it's money spent wisely.
If you plan to buy real estate in New Zealand, then think about the following: 1.
What sort of place do you actually need and where should it be? It may be hard to separate them, but the needs list should be different to the wants one.
Many of us want a walk in wardrobe and an in-house movie theatre, but they may not be deal breakers in a purchase.
Create a list of critical requirements (such as a minimum number of bathrooms or bedrooms, and perhaps where it is in terms of other amenities.
) You can still have a wants list to refer to as you go just in case.
2.
How much can you spend? Your budget is going to create a window of availability in terms of the type of home and the locality of it.
Make sure you mentally reduce your limit when shopping by around ten to twenty thousand so that you've got a little leeway if you find that perfect wee place and it's a bit more than your limit.
3.
Is it a good investment? It does feel strange to talk of a place that will be your home, or the home of your tenants, as an investment, but it is.
Is it in an area where there is expected growth? Is the value likely to appreciate? This is important for your long term plans.
When you buy real estate in New Zealand, make sure you are happy with your purchase, so you can enjoy the bricks and mortar result of your investment every day you own it.