Preparing to buy a house.
Loading player...
Lukho Mkwedi Phuthi and Blessings Ndabula discuss preparing to buy a house with key tips for buyers. Blessings highlights important checklist items including:
Assess affordability realistically, considering your monthly income and expenses.
Check and manage your debts to improve your financial standing.
Improve your credit score, as lenders use this to evaluate your loan eligibility.
Save enough for a deposit, typically 10-20% of the property price.
Budget for additional costs like transfer duty, attorney fees, municipal rates, and taxes. Plan for moving-in costs and ongoing home expenses.
Research the property market thoroughly to understand prices and locations. Check for a school for kids, can you sell this house later, distance of shopping complexes or malls from your interested house.
Assess affordability realistically, considering your monthly income and expenses.
Check and manage your debts to improve your financial standing.
Improve your credit score, as lenders use this to evaluate your loan eligibility.
Save enough for a deposit, typically 10-20% of the property price.
Budget for additional costs like transfer duty, attorney fees, municipal rates, and taxes. Plan for moving-in costs and ongoing home expenses.
Research the property market thoroughly to understand prices and locations. Check for a school for kids, can you sell this house later, distance of shopping complexes or malls from your interested house.
