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.
Latest scams to look out for 👀
Neighbourly hopes to keep you safe by keeping you informed of the latest scams circulating. This week, we are sharing two common text message scams:
NZTA / Waka Kotahi scam:
- The scam is a text message saying it's from New Zealand Transport Agency Waka Kotahi, and it encourages the recipient to pay an overdue road toll by visiting a fake website, threatening to take the matter to court within 15 days if they don’t pay up.
- The aim is to trick people into giving away their personal details or pay them money.
- While it is not the first time toll payments have been utilised by scammers, the threat of court action could see more people fall victim.
- The sender will either be a unknown phone number or unknown email address.
Want to report one of these scams? Do so, on Netsafe
NZ Post scam:
- This scam arrives by test message and says it's from NZ Post.
- The premise is that delivery of your parcel was unsuccessful so in order to rearrange delivery. you must click on a link to give your correct address.
- The aim is to trick people into giving away their personal details or pay them money.
- NZ Post advises people not to click the link, but to report the message to the Department of Internal Affairs by forwarding it to 7726.
Think you may have fallen prey to a scam? Get in touch with Netsafe or contact your bank if it involved your bank details.
Remember, if you didn't expect the message and you are now asked to share personal details or money, then stop contact and seek advice elsewhere.
Feel free to share any below that you've encountered recently. This may help others across the country be aware.
Show us your winter craft or DIY projects
When we are stuck inside, it can be a time to get creative. And we think Neighbourly members are quite a creative bunch. So, let's fill the Neighbourly newsfeed with crafty creations from across the country.
Share a photo below of your craft projects, recent DIY, or your hobby. You may just inspire someone else!
This one is a real head-scratcher!
I am a five-letter word and people eat me.
If you remove the first letter I become an energy form.
If you remove the first two letters, I am needed to live.
Scramble the last three letters and I am a drink.
What am I?
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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