How to organise your finances to build, renovate, or buy a house.
We look at what is likely to impact on your budget, and the options for borrowing.
Before you launch into a building project or start looking for an existing house to buy, you should first work out what you can afford. This means having a realistic idea of your budget, taking into account all the other demands on your income.
Once you have an idea of your spending power you can start to look at houses or start investigating the costs of building.
Tip: Have a look at www.sorted.org.nz, an independent site that will help you organise money matters. It has tools and calculators to help you work out a budget and a loan repayment schedule.