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Big first-time homebuyer blunders and how to avoid them
Despite slightly higher interest rates and consumer price hikes , the outlook for South Africa ’ s housing market in 2022 remains healthy with a good number of new buyers expected to become homeowners for the first time . In this article , Andrea Tucker , Director of MortgageMe discusses how starting the house hunting process is incredibly exciting , leaving the most levelheaded among us prone to a misstep or two . The trouble is even the smallest errors can be costly for novice buyers which is why it pays to know how to steer clear of them from the get-go .
How to Property Search like a Pro
So , you ’ ve prepped , you ’ ve saved , and done your research – it ’ s finally time to start searching the market for your dream home . Instead of looking for a needle in a haystack , try these top tips from the experts to focus your property search like a seasoned pro .
Influx of younger home buyers to non-metro towns
Historically , statistical reports on residential property price appreciation and market activity tend to focus on the major metros and hubs in South Africa . However , in recent years it ’ s become apparent that there are numerous towns which cannot be underestimated from a medium to long-term capital growth perspective , not to mention lifestyle and value for money – in many instances resulting in an influx of younger buyers .
SA Real Estate Investor Magazine MARCH 2022 39