Checklist will help shopping for home
The Real Estate Institute has announced that it is endorsing an initiative by the government to help home buyers make better informed decisions when it comes to buying a house.
The Department of Building and Housing has developed a practical and easy to follow checklist to help buyers keep a level head when looking to purchase a house, as it is often emotional factors that drive their decisions.
Buying a house is generally the most significant fi nancial transaction that most New Zealanders will ever undertake. For this reason it is so important that relevant information and help are available to ensure they get it right.
National president Murray Cleland says: “As the professional body for the real estate industry in New Zealand, our members are involved in some 104,000 residential sales each year.
“ We feel it is prudent to ensure that homeowners and potential homeowners are aware of the checks they can do to ensure the house they buy suits them and their needs and that its purchase doesn’t come back to haunt them in the future.
“ New Zealanders have an enduring love affair with property; but this should not blind them to making sound decisions when it comes to buying a house.
“ Following the Department’s suggested checklist can prevent a serious case of ‘ buyer’s remorse’; as well as potentially avoiding a number of issues, including buying a house that leaks, needs serious remedial work, or doesn’t have relevant building consents,” Mr Cleland says.
Located at www.consumerbuild. org.nz, the downloadable list details checks that should be carried out including obtaining land information memorandum (LIM) and builder’s report, and getting a lawyer to run a title search.
Among the more practical things to survey are the roof, plumbing and water pressure, wiring, piles and obvious alterations that are not on plans. Checking for water damage or other signs of leaking is also urged.