Buying your first home is a milestone filled with excitement - and a fair share of questions. Taking the time to build a solid financial foundation transforms what could be an overwhelming process into a clear, confident path to holding the keys to your new front door.
READ: Buying a home :Creative ways to save for your first property
Adrian Goslett, Regional Director and CEO of REMAX Southern Africa, shares the top 10 questions first-time homebuyers commonly ask:
1. How much can I really afford, and what does “affordable” mean long-term?
Affordability isn’t just about the bond repayment. Buyers should factor in interest rate changes, monthly maintenance, levies, insurance, and unexpected expenses.
See how much home loan you can afford.
2. How much deposit do I need, and is bigger always better?
Depending on your credit score and other factors, a deposit is not always a requirement. That being said, putting down a deposit upfront will reduce your long-term interest costs and give you stronger negotiating power.
3. What extra costs will I face besides the purchase price?
Transfer duty, attorney fees, bond registration, cost and inspections by a private contractor, if you choose to have them done, are among the most obvious expenses. However, don’t forget additional costs such as moving trucks, new furniture, renovations, or security upgrades.
4. Should I get pre-approved before I shop?
Absolutely. Pre-approval not only confirms what you can afford but also positions you as a serious buyer, potentially giving you an edge in negotiations.
5. Is this the right time to buy?
The property market will always shift, and property prices generally increase over time, so delaying could mean paying more for the same home at a later date. The more important question is whether you are financially ready now and have the stability to commit to a long-term investment.
6. How do I know I’m paying a fair price for this property?
Don’t rely solely on the asking price. Speak to your agent to find out what similar homes in the area have recently sold for.
See recent home sales in your area
7. What should I look out for during an inspection or viewing?
Go beyond the cosmetic details. Ask about the age and condition of the roof, plumbing, and wiring, and be alert for signs of damp or structural issues.
8. How long will the buying process take, and what can delay it?
On average, transfers take 2–3 months, but delays can occur if paperwork isn’t in order or if bond approvals take longer than expected. Staying organised and responding promptly to requests for documentation can help keep the process moving.
9. Is this a good investment for my future?
Look beyond the home itself. Research the neighbourhood’s long-term potential, planned developments, and property value growth in the area.
10 . Who should be on my team during this process?
A trusted agent is essential, and first-time buyers can also benefit from independent inspectors, bond originators, and financial planners who can safeguard their investment.
READ: Are they just browsing, or ready to buy? Here’s how to tell
For many new buyers, the journey begins with excitement but can quickly become clouded by uncertainty. Questions about affordability, legal requirements, and unexpected costs can leave people second-guessing their decisions. That’s why REMAX emphasises the importance of being informed early on.
“Buying is about building security, stability, and a future,” adds Goslett. “With the right information at your fingertips, your first home can be a joyful experience, not a stressful one.”
Additional considerations
Buying property isn’t just about location and price. Antonie Goosen, founder of Meridian Realty, advises buyers to understand zoning laws, ongoing costs, and potential pitfalls.
Zoning laws: Municipal zoning schemes dictate what you can do with a property - whether residential, business, agricultural, or mixed-use - and can affect building height, land coverage, and outbuildings. “Just because a neighbour has a flatlet doesn’t mean you can build one,” says Goosen. Always request the zoning certificate and consult a town planner or conveyancer if future expansion is a possibility.
Ongoing costs: Beyond the bond, consider municipal rates, levies, and sectional title fees. These can vary widely depending on the property and development. “Examine the latest financials and AGM minutes to understand what you’re committing to,” advises Goosen.
Estate or lifestyle levies: In gated communities, additional levies may apply. Request a full schedule of monthly and annual costs before signing an offer.
Avoiding common mistakes
Cobus Odendaal, CEO of Lew Geffen Sotheby’s International Realty, emphasises the importance of patience and careful planning. Common mistakes buyers should avoid include:
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Failing to define priorities, such as location, size, layout and amenities.
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Skipping research into neighbourhood, schools and amenities.
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Overlooking taxes, insurance, maintenance, and renovations costs when budgeting.
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Ignoring future growth and lifestyle changes
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Forgoing home inspections
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Succumbing to emotional impulses
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Disregarding the fine print or resale potential
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Rushing due to market pressure
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Not seeking professional guidance
Working with experts
Goosen reinforces the importance of working with an experienced agent. “A good agent guides you through the process, highlights risks, and ensures you’re protected. We act as advisors, not just salespeople.”
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