I plan to update this post with a summery of information mentioned in the thread so people don't have to scroll all the way through to find the bit they want. Feel free to post any extra info you have or correct anything I may have wrong.
List of important (sometimes obvious, not all are required but can be useful) things when buying a house:
A deposit. I think it is currently around 20%
Income, to pay your mortgage, also there will be rates and insurance.
A house that is for sale
A mortgage broker, not a necessity, but can be quite useful. Feel free to shop around on them until you get one you like.
"Mortgage brokers are worth their weight in gold. They often get the best of the best rates and can give invaluable info about the market in the area." - Drunk_Monk
The LIM (More info here http://wellington.go...rty/reports/lim )
A builders report, this can help you back out if there are too many issues.
Kiwi Saver, not a necessity but they really like it if you use it to purchase your first home, May not be good depending on situation
A good real estate agent
Not be in Auckland or other major city, may be difficult, but they are cheaper out in towns no one has heard of.
Good credit rating.
If the house your looking at was built pre 1970s ish ask about the wiring or have it checked.
Don't skip a mortgage payment. If you are having trouble paying, check with the bank (assuming that's where you got the mortgage) to see if you can work out a different payment plan as they can be accommodating due to it being better for them for you to pay off the mortgage over a longer time than for you to not pay at all.
For a pre 70s house maybe also check for any rust pin holes not obviously visible on the roof,the age of the hot water cylinder,and aged black plastic underground water mains hosing on your property. - Sakuraba
Pretty sure I'm missing stuff, so just let me know so the list can grow.
Edited by acedumbunny, 26 May 2017 - 02:53 PM.