Buying Your First House?
Don’t Panic, It’s Really Easy
At DDL Homes, our aim is to develop and deliver homes that suit the everyday Kiwi and their family. We believe that price point is the biggest factor when making the jump onto the property ladder, so all our projects are aimed to be fair. Fair on design, quality and price.
What Do You Need Help With?
Thinking about your goals
Buying a home can be a complex process. Here’s what you should think about on your journey, such as long-term goals, the costs of home ownership and whether you should buy or rent.
Thinking about your finances when buying
Buying a home may be the biggest financial decision you’ll make. Here’s what you need to know about home loans, sales deposits, conditional pre-approval, your mortgage and government help. Plus, check out our mortgage calculator.
Building your support team when buying
Buying a home is less stressful if you have good support. Here’s how to pick your team and why it should include a lawyer or conveyancer and an accredited property inspector.
Understanding the home buying process
Buying a home can be a complicated process, especially when you haven’t bought before. The buyer journey guide sets out the end-to-end process.
Buying property in New Zealand
When you move to a new country, purchasing a property can help you feel settled. This page outlines the key things you will need to know when buying a home in New Zealand.Learn More
Considering your property options
Find out about the different styles of property available, including apartments, townhouses, stand-alone homes, empty sections, buying off a plan, and relocating a home.
Understanding the types of ownership
Here’s what you need to know about the four main types of property ownership in New Zealand and the different rights, responsibilities, and restrictions involved.
Viewing an open home
Open homes are a great way to get a feel for the property. Use our checklist when you’re attending an open home to make sure it will meet your needs.
Buying with an agent or privately
When you find a property, you’ll usually deal directly with the sellers in a private sale or with a real estate agent acting on their behalf. Remember that an agent works for the vendor unless you hire a buyer’s agent to act on your behalf.Learn More
Learning about the neighbourhood
So, you’ve seen a property you like? Here’s how to check out the neighborhood, spot any traffic issues and learn about any planned developments.
Learning about the property
Use our list to make sure you’ve found out as much as possible about a property before making an offer. Plus, learn why we recommend hiring an accredited property inspector to help you.
Doing your homework
Find out what official documents can help you learn more about a property, such as the title, LIM report, council property file, independent valuation, and body corporate documents.
Learning about leaky buildings
Learn about the potential risks of buying a leaky building and find out how to identify one.
Learning about problem building materials
Find out how to identify problematic building materials (such as Dux Quest piping, weatherside cladding and asbestos) before you make an offer on a property.
Understanding the impact of natural hazards
Find out if natural disasters could have an impact on the property you’re interested in and how you may be able to reduce the risk of damage to buildings and land.
Find out what to do if you suspect a property is contaminated with methamphetamine, including what it means if it tests positive.
When you find a place you’re interested in buying, use Property Checker to generate a report that highlights areas we recommend you research further.Learn More
Confirming your finances
You’ll need to know how much you can spend before you make an offer on a property. Getting pre-approval from your bank or lending provider will allow you to act fast when you find a home you want to buy. Find out more about conditional pre-approved finance, confirming your insurance, and how you may be able to get a KiwiSaver HomeStart grant or other government help here.
Understanding the sale and purchase agreement when buying
A sale and purchase agreement is between you and the seller of the property and lays out the details, terms and conditions of the sale. It’s a legally binding contract so you’ll need to get it checked by a lawyer or conveyancer before you sign it. In this section, you’ll learn more about this contract, including the obligations and conditions you’ll need to comply with, conditions you can add and what happens next.
Buying by auction
Auctions are a whirlwind of suspense and emotion. A property is sold to the buyer with the highest bid after the seller’s reserve price is reached. Learn what you need to know and do before, at and after the auction. This section includes information about the process, the documents you’ll need to sign, the deposit you’ll need to pay if you win an auction, how bidding works, and what happens next.
Buying by tender
If a property is for sale by tender, buyers give confidential written offers to the agent before a deadline. This section covers what you need to know including registering your interest with the agent, buying and making an offer before the deadline, attaching conditions, and how to complete the sale process.
Buying by deadline
Deadline sale is where a property is marketed for a set period with an advertised end date.
Buying by negotiation
In this sale method, there is no end date for offers, and potential purchasers make offers based on what they think the property is worth in the current market.
Understanding a multi-offer process
Multi-offers can be confusing and misunderstood. A multi-offer process happens when more than one buyer makes a written offer on a property. It’s up to the seller to choose the offer that suits them best. If you’re buying a property through a multi-offer process, you’ll need to give your best price, because you may not have another chance to increase your offer.Learn More
Planning for settlement day when buying
Here’s a handy pre-settlement checklist to help you keep track of the key things you’ll need to do to, including doing a pre-settlement inspection, securing insurance, and having your lawyer transfer over the title.
Settling on settlement day when buying
Find out what you need to do on settlement day, including paying the balance owed on the property, transferring ownership and collecting the keys.
Getting help if things go wrong when buying
Learn about your options and where to get advice if things go wrong when you’re buying a property.Learn More