Ever-increasing housing prices, high property demands and outdated processes are all causing home ownership in New Zealand to steadily decline – going from 73.8% in 1991 to around just 50% in 2013 – buying your first home has become a more and more challenging task. Meet homeScore, the team making it easier for first-time home buyers to save and secure their footing on the property ladder.
So, what is homeScore working on?
We’re making it easier for Kiwi’s to buy their first home with a companion tool, working with you on your journey to home ownership. homeScore automatically tracks your income and regular expenses from your bank accounts to help you plan how much you can save and spend at any one point. We also let you know how and when you should be engaging with initiatives such as KiwiSaver so that you can optimise your savings.
Why is it important?
There’s a housing crisis in New Zealand and more people than ever are missing out on the freedom and security that comes with home ownership. Providing for a family or furthering your career are stressful pursuits at the best of times, having an insecure housing situation is an unnecessary burden.
What are you looking forward to during KFA?
The connections and amount of personal learning gained are the biggest attractions for us, we’ve moved up from Christchurch to Wellington for the accelerator so are most excited for the opportunity to expand our networks and experience the Wellington lifestyle. The amount of expert advice and mentorship opportunities through the accelerator are also some of the reasons we’re most excited to get involved.
What are you aiming for?
HomeScore wants to measurably get people into homes sooner by providing smart savings and timely guidance. We want to create an engaged community where our members can help others avoid pitfalls on their journey towards home ownership.
Get into your dream home faster. homeScore is giving wannabe-home-owners the confidence to spend while knowing they’ll still put away enough to get the home they dream of. Stay up to date with what the team is doing, and follow them on Facebook and Twitter.
Get a helping hand and head over to HomeScore to sign up for their Early Access programme.