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“He who makes no mistakes, makes nothing” – English proverb

“He who makes no mistakes, makes nothing” – English proverb

First time buyers guide

“Purchasing a home is something that most adults aspire to do. However, the actual process, steps, and financials required are often not openly discussed, leaving you in the dark.

It’s important to be familiar with what is required from you and what precautions you can take, to ensure that you qualify for a home loan.

By reading through this first time home buyers guide, you’ll have an idea of what’s in store for you.

Know your Needs First
Before you begin house hunting, it’s important to know what you’re looking for in your home by making a personal checklist. This list should incorporate the needs of each member of the household. You should ask yourself:

How many bedrooms and bathrooms are required?
Do I need off street parking?
Do I need to be close to public transport?
Do I have animals that require a big garden?
Do I want to be close to work, schools or other amenities?
Additionally, you should also make a list of your new expenses that are going to come your way. Besides paying your monthly bond, you’re also going to have to pay for:

Rates or levies
Utility bills
Repairs or maintenance
Monthly living expenses
In doing so, you’ll be able to estimate your budget required to own your home.

Much Ado About Mortgages
Mortgage technically means pledge or promise, as in, you ‘promise’ your property as security to the lender, should you not be able to pay back the loan. Affordability of a mortgage shouldn’t be more than 25%-30% of your regular family income, before tax deductions…”
As jy tot hier gelees het, is dit die moeite werd om my te kontak. Email my by annelia@anneliasproperties.co.za of bel sommer by 0828212474! Dis die moeite werd om te probeer!

Using a SA Home Loans’ free online calculators, you can determine