Please note that you are using an outdated version of Internet Explorer which is not compatible with some elements of the site. We strongly urge you to update to a newer version for optimal browsing experience.

5 crucial home buying questions

11 May 2015

More often than not, first-time home buyers lose out when they don’t ask the right questions and only find out the consequences of not doing research too far down the line, and often too late.

Whether buying your dream home or a fancy new set of wheels, doing your homework upfront and knowing what questions to ask is essential in preventing any surprises down the line.

Whether buying your dream home or a fancy new set of wheels, doing your homework upfront and knowing what questions to ask is essential in preventing any surprises down the line. National bond originator, ooba, is well-placed to offer expert advice on how to take the headache out of home buying.

ooba lists these crucial questions to help home buyers get the right answers when buying a home:

1. Asses your Affordability

The question of affordability is an obvious one, and very important to bear in mind from the beginning.

In addition to thinking about the deposit, you need to also consider the monthly bond repayments and whether you will be able to afford to keep your property in a good condition. A good place to start is to get pre-qualified; this will give you an idea of what you can afford.

Before signing off on the property, do a spot check to ensure that, should you need to do renovations, this has at least been accounted for in the asking price.

2. Ensure that the location suits your lifestyle

Location is crucial in ensuring that your home fits the lifestyle you lead. It is important to consider the following factors when thinking about the area you are buying in: what is the distance from home to work, is the property in a developing area where you see the resale value increasing at a considerable pace, and lastly, is the neighbourhood safe?

3. Gather a history of the property and area

Do some research on the property and area; find out how long the property has been on the market and how long the current owners have been living there.

If it’s possible, speak directly to the owners to find out why they are moving, just to make sure there is nothing wrong with the property.

Also approach neighbours to get an idea of what their experience of the area has been. All this information should answer the question: is the property a worthy investment?

5. Get certified

Ensure that all your compliance certificates have been issued by an authorised independent contractor; these include the electricity, plumbing, gas if there is gas on the property and extra’s such as the electric fence certificate.

The last thing you want is a nasty surprise with regards to compliance issues once you have moved in.

Print Print
Top Articles
These estate homes in George in the Western Cape offer comfortable family living in serene settings. With prices under R5m, take a peek…

La Lucia Mall has just undergone a major upgrade to modernise and reimagine its retail space, with new shopping options. Take a peek...

Popular for its blue flag beaches and outdoor lifestyle, KwaZulu-Natal’s Hibiscus Coast offers affordable three-bed rental homes from around R6.5k per month.

Loading

Your browser is out of date!

It looks like you are using an outdated version of Internet Explorer.

If you are using Internet Explorer 8 or higher, please verify that your Internet Explorer compatibility view settings are not enabled.

For the best browsing experience, update to the latest Version of Internet Explorer or try out Google Chrome or Mozilla Firefox.


Please contact our Property24 Support Team for further assistance. Tel. +27 (0)861 111 724