Here's what you need to know before making an offer on a house

Hira Siddiqui from Citizens Advice Bureau Pakuranga/Eastern Manukau

🏠 What is the neighbourhood like?
Familiarise yourself with the neighbourhood, to check accessibility to public transport, schools and shops. Visit the street at different times of day, to find out how quiet or noisy it gets. Check with the local council whether they know of any future developments in the area that could increase noise or traffic.
🏠 How much are the rates and insurance?
Do a property search on the local council’s website to see what the rates are.
You can also get quotes from insurers to find out what it might cost to insure it.
Check whether the homeowner is paying off the cost of installing insulation or heating units through their rates, because you will inherit that debt if you buy the house.
🏠 For a unit title, check the pre-contract disclosure
If the property is on a unit title development (for example, an apartment), ask to see the pre-contract disclosure. This is basic information about the unit and the unit title development.
🏠 Get a LIM (Land Information Memorandum) report
A LIM report tells you everything the local council knows about the land and the buildings, for example, what building consents and code compliance certificates they have issued for work done on the property.
🏠 Pre-purchase building inspection
Get an independent building inspector to examine the house thoroughly and look for potential problems with weather-tightness, wiring, plumbing or the foundations (piles).
Ask them to check for features that might make maintenance more difficult. For example, some types of wall claddings need specialist knowledge to maintain, access to the gutters might not be straightforward, and retaining walls can be expensive to repair.
🏠 Check the property title
Ask a lawyer or conveyancer to check the property title for things like easements. For example, an easement might allow a neighbour to access part of the property. The property title should also confirm the property boundary.
More information is on the Settled website:
www.settled.govt.nz...
Image credit: Ray White New Zealand
Info credit: Citizens Advice Bureau: cab.org.nz

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