By :
Johara
All of us dream of that perfect home by the sea, such as a sunny piece of Camps Bay accommodation to keep you safe and secure well into your golden years. Others dream of a home in the suburbs, surrounded by a garden and a sturdy brick wall covered in thorny vines to keep any invaders out. Yes there is an extremely desperate home-purchasing spree that is currently in effect, but don’t let that scare you out of finding and buying your dream home. I have complied a tidy list of tips for first time property moguls, looking to own their piece of land.
Firstly, who is going to find your perfect piece of property? Are you going to do the footwork by yourself, or do you plan to use a realtor as your own personal Cape Town accommodation scout. There are positives and negatives to this plan. Without an estate agent, the outlay for your chosen property will be priced at a far lower cash point then if you were to find it using their assistance. Also, certain properties will not be listed and can only be found with the aid of an estate agency. My personal recommendation for now is to start off with a private search and if this does not bear fruit, up your game and get an estate agency in on the action.
How are your financials? Without the backing of a trusted banking institution, you will have a hard time financing any property at all. Ensuring that your credit is in order will save you literally months of aggravation. Determine a budget of say R750, 000 to a million rand, and if you stick within these boundaries you are sure to avoid having to pay back too massive an amount
There are plenty of different housing types available, so narrow your search and hone your options until the perfect house is presented to you. Keep your cool, you will not find your perfect house on your first day of looking, or the sixth week of searching. What is important is that you take the time to find the home that suits you.
Once you have decided what your minimum requirements will be, as well as your needs and wants are, the home of your dreams will most likely locate you. But take heed and make a note of any items that you do not wish to have in your house. Your idyllic glass walled home with mirrored ceilings may not exactly be the dream home that everyone else considers it to be.
Understand the mortgage process, as it is fairly complex; so make sure that an estate agent fully explains it to you if you do not understand any part of it. These complexities could save you money in the long run, or end up costing you, big time.
I already discussed the pro’s and con’s of having your own personal estate agent, so if you are planning to take this route, then at least find one that you can trust. There are plenty of big-teethed hucksters out there wanting to make their ten percent commission and then vanish into the night. The larger estate agencies will be backed by guarantees that the smaller ones cannot make. So make the right choice before delving into this crazy relationship. Alternatively, you can check home listings and prices yourself through the magic of the internet. Other useful resources include word of mouth, your relatives and those massive newspaper property sections. Even your family can be used to scout for that perfect home.
Always think of the future when you are buying your home. Once you have found the ideal place, be it a standard three bedroom starter or a luxurious Cape Town Villa, make sure that it is situate not too far from the local shopping centre or schools, if you have children.
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