Research report
16 March 2015
Financing your home
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.
Work out what you can afford
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.
Work out what it will cost
Want to read the full article?
- Heaps of buying advice so you can choose with confidence
- Independent reviews of thousands of products and services
- Personal advice an email or phone call away on our advice line (members only).
Effect of design features on costs
Mortgages
Insurance
Mortgage schemes
Further information
Want to read the full article?
- Heaps of buying advice so you can choose with confidence
- Independent reviews of thousands of products and services
- Personal advice an email or phone call away on our advice line (members only).
Building articles
Renovating articles
Home maintenance
This field should be left blank
Member comments
Get access to comment