• July 27, 2021

How to buy a home

When you’re ready to buy, you should do some research.

If you’re already in the market for a house or apartment, the National Association of Home Builders (NAHB) has a guide to help you find the best deal for you.

Read more: Auckland houses could cost more than $1 million A new study suggests Auckland could be on track to see an average house price of $1m. 

The National Association for Home Buildering (Nahb) has compiled a guide for buyers and sellers looking to buy or sell. 

It was published today, and includes a range of advice, such as what to expect from the sales process and the cost of the property.

It recommends a house be worth around $1.1m (NZ$1.5m) if it is a single family home, up to $1bn if it has three or more bedrooms, and between $1-2.5bn if the property is a three-storey, two-storeys or three-bedroom apartment. 

“If you are buying a property and have the opportunity to buy it for a reasonable price, then a house is the perfect choice,” the NAHB’s research chief Nick Hulme said.

“It is an excellent investment and the opportunity is huge.” 

The NAHb has also highlighted the different kinds of properties in Auckland, and how to buy them, with the advice of real estate agents. 

Nahbs research director Michael Robinson said the research was a step in the right direction.

“We’ve been looking at how houses and apartments are marketed, and we’ve looked at whether that can be better, more efficient, and what the average house sale price is,” Mr Robinson said. 

A new study from the National Associations of Home Building “This is an important report because we have been wanting to get some of this information out there, and the information we’ve been able to get is very helpful,” Mr Hulmes said.

“I think it will be a useful tool for all of us to make better decisions.” 

Mr Robinson said buyers would also be able to make more informed decisions about where they were looking to live. 

He said people would be able “better understand the risks of buying a house”. 

“The NABB’s analysis indicates the average sale price of a house in Auckland is about $1,900, so if you are a person with a reasonable income, then you can buy a house for about $900,” Mr Robson said.

“It would also help you to make a more informed decision about where you want to live.”

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