26. Part 2: How Do I Figure Out How To Buy a House?

Welcome to part two of us answering how you actually buy a house as a first homeowner! Cat & Christine pick up the conversation from part one to discuss who you need in your first home buyer support crew, some strategies and tactics around buying, the differences in the ways to actually buy a house and more.

We're here to debunk a few of these myths and help you *actually* figure out how you can achieve the property dream. 

In this Part 2 of the property ownership chat, we cover:

• Costs to factor in before and after property purchase 
• Our personal experience with and cost estimations for insurance, lawyers fees and more
• Why you should shop around for mortgage advisers, mortgage rates and potential properties to purchase! 
• The difference between methods of sale for property – Auction vs Price by Negotiation vs Buying House and Land Packages
• Whether there is true value in doing DIY on a property  

We also include a quickfire Q&A based on questions submitted by our Instagram followers. Questions included are: 

• Is it better to use your KiwiSaver as part of your deposit or not touch it? 
• Are there property funds that you can invest in to diversify your risk? 
• Should I pay my student loan of before saving for a house deposit? 
• Should I buy in a cheaper area then rent this house out vs buying in the suburb I live in? 
• Should I buy new or buy old and renovate to add value down the track? 
• How can you boost your deposit $ on a single income? 
• How can I get a home loan being self-employed? 
• What should I budget for – rates, insurance etc? 

…And there's lots more goodness in there, so get listening now.

If you're keen to check out more  head to https://itsnosecret.co.nz/25

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Disclaimer:
Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Any information we provide is general only and current at the time of writing.

Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz