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Tips for first time buyers

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Tips for first time buyers

Category Buying

From My Home asked a few of our top Property Professionals and realty experts what guidelines they would give to novice buyers...

Tip 1: "Have an emergency fund for unforeseen expenses on hand," says Sheila Madumo. "A good example is the fluctuations in interest rates that we have seen recently."

Tip 2: "Where a property is located is one of the biggest factors that will affect your resale value in the future," says Zani van Wyk.

Tip 3: "Good financial planning is key," says Elsa Joubert. "Having a stable credit record can make it easier to apply for a home loan."

Tip 4: "Start building equity as soon as possible," says O'delia van Wyk. "Buy a home or property that you can grow into - that fits your future needs."

Photo Credit: https://www.freepik.com

Author Machelene Joubert
Published 15 Jun 2023 / Views -
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