{"id":3194,"date":"2018-11-17T02:23:39","date_gmt":"2018-11-17T02:23:39","guid":{"rendered":"https:\/\/nestorinvest.com\/?p=3194"},"modified":"2021-03-01T02:24:35","modified_gmt":"2021-03-01T02:24:35","slug":"buying-your-first-home","status":"publish","type":"post","link":"https:\/\/nestorinvest.com\/buying-your-first-home\/","title":{"rendered":"Buying your first home"},"content":{"rendered":"<section id=\"bt_bb_section66170d14c01f0\" class=\"bt_bb_section bt_bb_layout_wide bt_bb_vertical_align_top\"  data-bt-override-class=\"null\"><div class=\"bt_bb_port\"><div class=\"bt_bb_cell\"><div class=\"bt_bb_cell_inner\"><div class=\"bt_bb_row_wrapper\"><div  class=\"bt_bb_row\"  data-bt-override-class=\"{}\"><div  class=\"bt_bb_column col-xxl-9 col-xl-9 col-xs-12 col-sm-12 col-md-12 col-lg-9 bt_bb_vertical_align_top bt_bb_align_left bt_bb_padding_normal\"  data-width=\"9\" data-bt-override-class=\"{&quot;bt_bb_align_&quot;:{&quot;current_class&quot;:&quot;bt_bb_align_left&quot;,&quot;xxl&quot;:&quot;left&quot;,&quot;xl&quot;:&quot;left&quot;}}\"><div class=\"bt_bb_column_content\"><div class=\"bt_bb_column_content_inner\"><div class=\"bt_bb_separator bt_bb_border_style_none bt_bb_bottom_spacing_medium\" data-bt-override-class=\"null\"><\/div><div class=\"bt_bb_image bt_bb_shape_square bt_bb_target_self bt_bb_align_inherit bt_bb_hover_style_simple bt_bb_content_display_always bt_bb_content_align_middle\" data-bt-override-class=\"{&quot;bt_bb_align_&quot;:{&quot;current_class&quot;:&quot;bt_bb_align_inherit&quot;,&quot;xxl&quot;:&quot;inherit&quot;,&quot;xl&quot;:&quot;inherit&quot;}}\"><span><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"720\" src=\"https:\/\/nestorinvest.com\/wp-content\/uploads\/2021\/03\/couple-moving-in.jpg\" class=\"attachment-full size-full\" alt=\"I need to think 10X, which is 10x bigger than I am.\" data-full_image_src=\"https:\/\/nestorinvest.com\/wp-content\/uploads\/2021\/03\/couple-moving-in.jpg\" title=\"I need to think 10X, which is 10x bigger than I am.\" srcset=\"https:\/\/nestorinvest.com\/wp-content\/uploads\/2021\/03\/couple-moving-in.jpg 1200w, https:\/\/nestorinvest.com\/wp-content\/uploads\/2021\/03\/couple-moving-in-640x384.jpg 640w, https:\/\/nestorinvest.com\/wp-content\/uploads\/2021\/03\/couple-moving-in-768x461.jpg 768w, https:\/\/nestorinvest.com\/wp-content\/uploads\/2021\/03\/couple-moving-in-320x192.jpg 320w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/span><\/div><div class=\"bt_bb_separator bt_bb_border_style_none bt_bb_bottom_spacing_normal\" data-bt-override-class=\"null\"><\/div><header class=\"bt_bb_headline bt_bb_dash_none bt_bb_size_small bt_bb_align_inherit\" data-bt-override-class=\"{}\"><h3 class=\"bt_bb_headline_tag\"><span class=\"bt_bb_headline_content\"><span >I often get asked advice on buying a first home as this is the first biggest investment. <\/span><\/span><\/h3><\/header><div class=\"bt_bb_separator bt_bb_border_style_none bt_bb_bottom_spacing_normal\" data-bt-override-class=\"null\"><\/div><div  class=\"bt_bb_text\" ><p>Most people I have noticed have a maximum budget but generally the expectation for that money is quite high.<\/p>\n<\/div><div class=\"bt_bb_separator bt_bb_border_style_none bt_bb_bottom_spacing_normal\" data-bt-override-class=\"null\"><\/div><div  class=\"bt_bb_text\" ><h6>My general advice:<\/h6>\n<p>Spend at least 3 months or so looking at properties online, researching about different areas, and most importantly visit open homes.<\/p>\n<p>I am a firm believer in being close to the centre of Auckland City, it\u2019s 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?<\/p>\n<p>Don\u2019t 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\u2019t want to make a mistake with your first home where you emotionally pay too much.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<\/div><\/div><\/div><\/div><div  class=\"bt_bb_column col-xxl-3 col-xl-3 col-xs-12 col-sm-12 col-md-12 col-lg-3 bt_bb_vertical_align_top bt_bb_align_left bt_bb_padding_normal bt_bb_hidden_xs bt_bb_hidden_ms bt_bb_hidden_sm\"  data-width=\"3\" data-bt-override-class=\"{&quot;bt_bb_align_&quot;:{&quot;current_class&quot;:&quot;bt_bb_align_left&quot;,&quot;xxl&quot;:&quot;left&quot;,&quot;xl&quot;:&quot;left&quot;}}\"><div class=\"bt_bb_column_content\"><div class=\"bt_bb_column_content_inner\"><\/div><\/div><\/div><\/div><\/div><\/div><!-- cell_inner --><\/div><!-- cell --><\/div><!-- port --><\/section>","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":3,"featured_media":3195,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/nestorinvest.com\/wp-json\/wp\/v2\/posts\/3194"}],"collection":[{"href":"https:\/\/nestorinvest.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nestorinvest.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nestorinvest.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/nestorinvest.com\/wp-json\/wp\/v2\/comments?post=3194"}],"version-history":[{"count":0,"href":"https:\/\/nestorinvest.com\/wp-json\/wp\/v2\/posts\/3194\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nestorinvest.com\/wp-json\/wp\/v2\/media\/3195"}],"wp:attachment":[{"href":"https:\/\/nestorinvest.com\/wp-json\/wp\/v2\/media?parent=3194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nestorinvest.com\/wp-json\/wp\/v2\/categories?post=3194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nestorinvest.com\/wp-json\/wp\/v2\/tags?post=3194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}