Budgeting, Homeownership, Lifestyle, Personal Finance

The Cost of Owning a Home | My Personal Experience

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Hi friends,

It’s been a while! I want to thank you all for the incredibly positive, warm and supportive feedback I received on my last post, How I Save Money on an Inconsistent Income. It means a lot to me to know that I’ve helped and inspired some of you with your own finances!

Today I’d like to share with you all the costs & expenses I’ve come across as a homeowner. Of course, everyone’s experience is different, so this is tailored to my personal expenses – after all, my house is no luxury beachfront villa; it’s a modest, free-standing house in a safe and sensibly priced suburb. I thought it would be interesting to share what I pay for now that I own a home vs. when I was renting, and hope it will be helpful to both other homeowners and future homeowners with my transparency.

What do you think of when you think of buying a house? Personally, I think it’s so easy to simply think of the purchase price and mortgage payments – plus mortgage protection if you want that peace of mind. I obviously knew there was going to be more, but now that it’s been two years, I truly have a fuller picture to share with you all.

But first, some background..

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Homeownership, Personal Finance

How to Buy a $650,000 House in NZ

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Hello friends,

Today I will be answering a big question: how might two people earning an average salary buy an average priced property in New Zealand?

Writing this out of curiosity and to inspire & inform, I need to make a few disclaimers. The first is that I will be making assumptions. The second is that I will be over-estimating and simplifying numbers & figures. Banks and financial entities have this disclaimer when presenting their calculators – and creating hypothetical scenarios here is no different because it’s not realistic to personalise this to everyone’s individual situation.

In saying that, I’ve chosen what I believe to be realistic – of the average millennial earning average dollars buying an average house – based on my experience, my knowledge of others’ experiences and good ol’ fashioned research!

I hope this helps to give you an idea of how two people in New Zealand might buy what is officially called an ‘affordable home’ in New Zealand, at the humble price of $650,000.

Let’s call them Jessica and Noah!

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Homeownership, Money Mindset

First Steps You Can Take Today Towards Buying a Home in NZ

Hi friends,

Recently, I shared my personal home buying experience in Auckland, and at the end, I share a few helpful resources that I used. Today I’d like to expand on these, and share a few steps I’d recommend if you are an aspiring homeowner in New Zealand.

It can be overwhelming with the amount of information out there, so hopefully I can condense and simplify some of it for you. Some of these, like Kiwibuild, are extremely new developments that didn’t exist when I was looking to buy a home, but now do, thanks to our government. Aren’t we blessed to have access to such a wealth of resources and support?

Without further adieu, here are steps you can take today towards buying your first home. I hope they help!

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