Check­list will help shop­ping for home

Southern Real Estate Guide - - Harveys Property Guide -

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.

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