Finance & Strategy Expert
Finance & Strategy
Ask Kris Pederson, director of Kris Pederson Mortgages questions relating to Mortgages, Finance, and Strategy
Kris is a respected commentator on the property and finance markets in New Zealand and overseas. He spends his time working closely with his support team sourcing clients leading edge finance strategies.
I bought my first home without using my Kiwisaver as I did not qualify due to not contributing to it long enough. I am only four years into servicing the mortgage. I would like to buy land and build my second home. How can I do it without putting in deposit and also use my Kiwisaver this time? I intend to sell my current home only after I moved into my second home.
I have a property in St Andrews, Hamilton which is on a 1012 m2 block of land with two four bedroom houses already on it. Both are on a single title at the moment. I was wondering how much it would cost to put these on separate titles? I am after a rough figure to see if it is worth doing it or not. I do understand that a professional team would need to get involved. Are there any things which could increase the costs of doing this?
If you were wanting to buy an investment property outside of Auckland on a budget of around $400,000, where would you recommend looking? Would a new build rather than an existing house be a better option? And what are the pros and cons of units vs stand-alone houses?