There are many useful tips on this website to help you on your journey to buying a home, including information on how to access the Kāinga Ora financial products to make buying a bit easier and more affordable. See below to find out more.
You’re probably keen to buy a home for several reasons. You might be sick of paying someone else’s mortgage, you might want to put down roots, or you might be looking for a safe and secure home for yourself or your whānau. Whatever your reason, here are some tips that will help you get started on your journey:
You’ve dreamed of buying a home for some time. Your conclusion is that buying could be possible. Now you’re in investigation mode. You want to know what you can buy, where you can buy it and for what price.
Here are some links and information that will help you in this phase:
First Home Partner is a shared ownership scheme that has helped hundreds of aspiring first-home buyers purchase a home since October 2021. Due to recent unprecedented demand, this scheme is now fully subscribed and therefore we will not be accepting any new applications while we work through our commitments to those already in the scheme. We will shortly be contacting current applicants to confirm the status of their application.
You’re getting closer to knowing where you want to live and what type of property you can buy. You may have spoken to a real estate agent and attended some open homes. You might even have some idea of what you could borrow from the bank.
For more information on what you can do to make things easier in this phase, please see below:
You have your finances, grants and schemes organised and pre-approved or you may even be fully approved. You know how much you can spend, what type of deposit you have and what type of home you can afford. You may have secured a First Home Loan, First Home Grant or First Home Partner, and you may be using your KiwiSaver funds as part of the deposit to buy your home. If you’re looking at KiwiBuild, you may have been to some open homes and spoken to the builder or developer that is responsible for building them. This is the phase where your journey starts to get exciting.
Here is some more information about the home search phase and where you can go for more information:
You’re coming to the end of the home buying journey. It’s time to finalise your home purchase and move in. Now that you’re a homeowner you have new expenses to think about such as rates, insurance and your mortgage.
Here are a few ideas on how to make the move to being a homeowner easier.