My 1st Property

My 1st Property Buying your 1st property need not be a scary process. Our workshop is a practical, hands on, step by

24/09/2018

Good morning. When you thought of acquiring a mortgage to buy a property, do you think of
a. your current bank or
b. using a mortgage orginator or
c.leave it to the estate agent?

11/11/2015

What is the biggest thing stopping you acquiring your 1st property?

22/06/2015

Some sober advice from FNB on buying for the 1st time buyer.
So what would be some “tips” for aspirant 1st time home buyers to consider?:

• Firstly, it is important to gain control of one’s emotions when considering the purchase of a residential property. Home ownership is nice, but it isn’t essential. South Africa has a well-developed rental market, and it is important that one is financially ready for the myriad of costs associated with owning a home.

• Important is to realize that home ownership is not an automatic “wealth creator”. It can be, especially if it is an appropriately priced property for buy-to-let purposes. But for many, the home can be a key cause of financial stress, ultimately leading to a costly “offloading” of the property.

• Maintenance costs on a home can often be erratic and unpredictable. Many of these are the responsibility of the landlord when one rents, but become the owner’s responsibility once one buys. Unpredictable cost fluctuations are often financially stressful for a young 1st time buyer still with a low level of spare income.

• While home prices are not rising fast, municipal rates and tariff bills are rising faster. The CPI for “water and other services”, which includes municipal rates, is rising at a national average of 8.5% year-on-year, well above overall CPI inflation, and while the electricity CPI was recently rising at only 7%, we know that further sharp electricity tariff hikes have been applied for.

22/06/2015

I am planning an event for end July and trying to gauge interest for 1st of August 2015. Please let me know if you are keen

20/04/2015

Property price growth rates have slowed to around 6% per annum. Rental growth rates are around 9% a year. Investing in property, especially over time still offers a growth rate and return of investment greater than the cost of borrowing money from the bank.

19/03/2015

Residential property/>

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