Properties for sale in Christchurch – A first home-buyers guide

If you are thinking seriously about looking into properties for sale in Christchurch, Congratulations! Cowdy & Co want to support you through the entire home buying process and are experts when it comes to Christchurch real estate. We know that it’s both a scary and exciting time purchasing your first home, so we have compiled a list of tips to help you save up for the mortgage on your first home.

Am I ready to look at properties for sale in Christchurch?

Up until now, you have probably been renting your home and are now considering whether it’s time to take the plunge and purchase your own home. There are a lot of things to weigh up when it comes to the buying vs. renting dilemma. Here are some things to consider before trawling through Christchurch property listings:

Buying

Renting
How to save for your first Christchurch property

After weighing up the pros and cons of renting vs buying, if you have come to the decision that it’s time to buy your first home, then it’s time to think about a saving strategy. No one particularly likes saving, but the more you do, the less you’ll have to borrow and the sooner you’ll be owning your own home!

Get rid of debt – It’s hard to start saving for a future purchase when you are still paying off other debts. Before you take the plunge and get a mortgage, take a hard look at any outstanding debt and work towards paying them off first. It is sometimes easier to consolidate all your debts into one personal loan. Talk to your bank manager about what is the best way to tackle debts.

The key to saving is to add to your pot of gold regularly – organise a budget of your weekly income and weekly payments, once all your bills and costs have been covered, decided on an amount you want to put aside each week into a savings account. Make sure it’s a manageable amount, something you know you can commit do each week. Gathering momentum and depositing into your savings regularly will motivate you to keep going, and you’ll be surprised how quickly you can accumulate a nice wee nest egg. Check out Sorted for more saving tricks and tips.

Answer any questions ahead of time – Check out our FAQ page for answers regarding legislation and purchase and sale agreements.

Start hunting

Now the fun begins, it’s time to start house hunting! Check out our Christchurch listings here.

Get in touch with Cowdy & Co today!