17 Nov 2018

Buying your first home…

I often get asked advice on buying a first home as this is the first biggest investment.

Most people I have noticed have a maximum budget but generally the expectation for that money is quite high.

 

My general advice:

Spend at least 3 months or so looking at properties online, researching about different areas, and most importantly visit open homes.

I am a firm believer in being close to the centre of Auckland City, it’s a personal preference and so I advise anyone interested in buying to look as close to Central City as the budget allows. Nothing worse than working in the CBD, driving to work and living in 45-50km away. Think how much quality time would you get with your family?

If I get asked for advice I always give it with no

Don’t let your emotions get the best of you, control them. Treat the first home as a stepping stone and or transaction. This is very difficult but when you are young you don’t want to make a mistake with your first home where you emotionally pay too much.

Always looks for what can add value, today I advised a friend of adding a toilet/bathroom, creating a room by shifting a couple of walls.

 

The path I went down was I bought several rental properties and continued to rent before I purchased my own home. Our home was a leaky and was bought with the intent of recladding.

Latest News

Find out
Nest or Invest latest updates

Read latest blog

06 Feb 2020

Asbestos Removal

Asbestos removal can be a scary thing and if not treated with the right respect can be dangerous. Over the last few years, all my sites have had some sort of asbestos removal required so I am somewhat an expert in this field now....

Read More

15 Dec 2019

Safe Investing

One of the main reasons I find investing in property to be the least risky is that you have the ability to leverage on the amount invested. ...

Read More

05 Dec 2019

Our Values Exercise

A value-based business is essential for its survival. By value, I mean the guiding principles of a business rather than the cost of the business or the value it provides. ...

Read More

23 Oct 2019

Interest Rates!

You would have noticed over the last few months that interest rates have been going lower and lower. ...

Read More

15 Sep 2019

Fiji…. when work and play comes together

Interesting point we note is no matter how big or small the projects are everyone faces similar issues with the developments. The only difference is the size and scale of the problems. ...

Read More

28 Aug 2019

Uncle G! Grant Cardone

So over the last couple of weeks Eleanor and I have been to see Grant Cardone ( one of my idols) in Auckland and then in Sydney for a 2 day Bootcamp. ...

Read More

25 Apr 2019

Doing it backwards

I often wonder if I have made the right move.... ...

Read More

25 Jan 2019

Reviews at the end of each year

Not many people take the time out to review what went well, what didn't go well and what are learning of the previous year. ...

Read More

08 Nov 2018

Square Meter Rates on the Floor Vs Walls

One very valuable (and expensive) lesson I have recently learnt is understanding the language of the tradesmen on the 4 house development at Rd. Being aware of companies quoting square meter rates (sqm) on the walls Vs floor. For example ...

Read More