Before you purchase a home you need to fully understand the true condition of the property you are looking to buy. What will the immediate and future repair costs be? How much will you need to budget for ongoing maintenance? This information will help you make an informed purchasing decision.

As the property market heats up and the competition becomes fierce, it is important to stop and consider the actual cost of what you are buying, including repairs and maintenance. Be ready to crunch the numbers and add the estimated cost of necessary repairs to the cost of purchasing the home. A competent quantity surveyor or building inspector should be able to provide such an estimate if asked to do so.

Read the NZ Herald article Buyers 'neglecting checks'