Looking for the perfect property can be overwhelming; you will need to look at different types of homes in different locations and at different price ranges and conditions. To make the house hunting process easier, you can get yourself a checklist. Here are a few items that should be on that list.
1. Budget
How much are you willing to spend on the property? This will help you significantly narrow down your search. If you plan to make payments with your disposable income, you can check out the numerous online affordability calculators to see how much you can commit towards acquiring the property. Remember that banks do not grant bonds that will require more than 30% of your disposable income.
2. Location
You have probably already thought of the kind of lifestyle you want; where to live, work, and where to play. Since you have already established how much you can commit towards the property, you need to look for the houses that suit your budget. If the properties in your desired location cost more than you can spend, you can check out those in surrounding neighbourhoods. Alternatively, you can consider another location altogether with properties that have the same amenities as your desired location.
3. Security
One of the major concerns in South Africa, unfortunately, is crime. If you really like a certain neighbourhood, you might need to drive around the area and keep an eye out for the security measures that the residents have employed. Do you see a lot of electric fences, burglar bars, and barbed wire fences? These security measures will give you a sense of the security in the area. You can also speak to some residents and find out how safe the area is before you commit.
4. Daily Activities
How far is the property from your place of work? How far is it from the kids’ school? When choosing property, think of how you will get to work, how you will go shopping and how to get the children to school.
5. Maintenance
Before you get caught up in the dreamy thoughts, realistically look at how much work you will be required to do to maintain the property. Does the property come with a large garden, a swimming pool, picket fences, and other amenities that require regular maintenance? Will you be required to do renovations to the house?
Happy House Hunting!
Look at what your realistic monthly expenditure will be like should you move into that property: the commutes, home expenses, hiring staff such as gardeners and pool cleaners etc. If the living expenses are more than you can afford, it is advisable to look around a little more. With these few tips, happy hunting!