First Home Buyers Tips
Set your Goals
If you’re looking to buy your first home it’s worthwhile having a plan.
We will help clarify what you’re looking for, work through the necessary steps to reach your goals, and advise you what the financial commitment you’re making means.
Deposit
When it comes to a deposit, BIGGER is always BETTER. The more you can put down up front, the more you save in the long run.
If you are not already signed up to KiwiSaver then now is the time. Members who have met the requirements can have access to a grant of up to $10,000 per person. Contact us to see if we can help you in this area.
Taking a careful look at your financial position is vital. Assess where you can reduce your outgoings to increase your savings for a deposit, to ensure you’re in the best position when you find the property for you.
Talk to us
Friends and whānau will have your best interests at heart, however talking to the professionals at Ellison Finance will let you know exactly what options are currently available. They will know what interest rates you can expect to achieve and which will best suit your individual situation.
We also have a number of other professionals we can recommend if your situation requires expertise outside of our scope. These may include the services of a Registered Valuer, Accountant, Solicitor, Real Estate Agent or Housing Inspector.
Get into the market
Remember your first home doesn’t have to be your dream home. The house you’re looking to buy now, can be your first step on the property ladder.
Instead of waiting for your ‘perfect home’ we may need to re-assess and aim for a property more within your means .
You may own several properties before you find the one you that’s perfect for you. Ellison Finance will be here to help you throughout the journey.