When it comes to buying property in South Africa, there are five important questions that every buyer should ask themselves. These questions will help you prepare for the purchase and avoid any unnecessary expenses or disappointments.

1. Can I comfortably afford this property?

Before making a purchase, it’s crucial to consider all the costs involved. Calculate agent fees, legal fees, transfer fees, monthly rates and taxes, as well as ongoing maintenance expenses. Make sure you have a clear understanding of your budget for at least the next 12 months.

2. What exactly do I want in a property?

Define your requirements and preferences clearly. Consider the number of bedrooms, bathrooms, garages, and other specific features you desire in a home. Think about the size of these rooms and whether you prefer a single storey or multi-storey property. Knowing exactly what you want will make it easier for property advisors to assist you in finding your ideal home.

3. What are my top three locations?

Location is key when buying property. Consider nearby amenities such as schools, shops, and transportation options that align with your lifestyle needs. It’s also wise to have a second and third choice of location to increase your chances of finding a suitable property within your desired area.

4. Has the property been renovated?

Find out if any significant renovations have been done on the property you’re considering purchasing. Renovations can impact future maintenance requirements and costs. Being aware of any renovations will help with financial planning.

5.Did I request a disclosure document from the seller?

Ask the seller for a disclosure document that discloses any known flaws or issues with the property that may affect its value or require repairs in the future.

Additionally, check how long the property has been on the market as this could indicate potential issues or red flags. Check our Blog for more tips and information on selling or Purchasing Property.

If you’re ready to buy or sell a property, contact us today for professional assistance!