When you want to move house: the pros and cons of moving to a new home

Posted April 08, 2018 04:37:47 It’s a common question asked by anyone who wants to move out of their current home and into a new one.

A new home can be a lot cheaper than a typical one, but many of us don’t realise how much it will cost.

I’m happy to report that there are a lot of pros and a lot to consider when buying a new place, even if you don’t have a mortgage.

But, there are some drawbacks to it too.


You may be paying for a new roof to replace the one you already have.

The price of a new house can fluctuate quite a bit, but the typical price for a first home is around $1.8 million (NZD).


You will have to rent your place out.

Many of us have heard horror stories about renting our houses, so the truth is that it’s not always cheaper to buy a new property and rent it out.

That means you’ll be paying around $700 per week in rent.


You’ll have to deal with the security and noise issues of living in a new flat.

If you live in a flat with no security or neighbours, you’ll need to deal more with noise and the security issues.

If you live with neighbours you’ll probably need to live with them as well.


You can be stuck with no-one to pay for the property.

With a new owner you’ll still be able to rent the property, but you won’t be able take out a mortgage on the property (at least not without a mortgage).


You could end up paying for the house to be built up.

You’ll have a few months to complete the work before you start having to pay the property for the building.

This could take anywhere from six to 18 months depending on the type of building you’re looking at. 6.

You might have to spend money on repairs or maintenance.

It’s a little bit of a gamble, but some of the construction work will need to be done by your new owner, so you might have some extra money to spend on those.


You’re more likely to be living on your own for the first few years.

That means you will need more space in your new house.

You won’t necessarily need as much space as a conventional home, but if you live close to other neighbours you may have to pay more for your own space.


You have to find a new job.

Finding work will be difficult if you’re not already doing it.

You need to apply for a job and you’ll have until the end of June to do so. 9.

You’ve been offered a new lease.

A lease is a contract that you agree to live in with your new landlord.

It is usually for a period of five to ten years.

You should also have the option of signing a new contract after the first five years.

It’s possible that you’ll also have to wait longer before you can sign a new tenancy agreement.


You don’t always get the chance to move in.

There are a number of reasons why you might not get the opportunity to move into a house.

For example, you might need to work.

Or you might be homeless.

Some people move into houses just because they can.

It can also be a way to save money on rent.

You just need to make sure you’re prepared for that.

Do you know anyone who has bought a house in Auckland and moved out?

Share your story in the comments section below.

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