First steps: A guide to finding your dream home

So, you've been playing with the idea of buying a property - a significant step that brings both excitement and responsibility. But before you dive headfirst into the property market, consult various home loan calculators, and sift through different home loan interest rates, here are a few important factors to consider that will help ensure your investment aligns with your preferences, needs, and financial capacity.

1. Define your needs

Before you start browsing through property listings, take a moment to define your requirements. Consider the following aspects:

• Price range: Determine your monthly budget and calculate what you can afford as a down payment and ongoing mortgage payments. Read this valuable guide on the upfront and hidden costs of buying a property.
• Location and neighbourhood: Identify your ideal neighbourhood and explore other areas that you'd also be comfortable living in. Consider factors like proximity to work, schools, shopping centres, and parks.
• Property type: Decide whether you prefer a free-standing house or the additional security of a gated complex. Each option comes with its own advantages, so evaluate your priorities.
• Size: Assess the size of the property - whether it's a house, flat, or land - and ensure it meets your needs.
• Bedrooms and bathrooms: Determine how many bedrooms and bathrooms you need to accommodate your family comfortably.
• Outdoor space: Consider whether you need outdoor amenities like a garden, balcony, pool, or braai area.
• Parking: Evaluate your parking requirements, especially if you have multiple vehicles or expect frequent visitors.
• Facilities: Think about the proximity to essential facilities like schools, shops, medical facilities, and recreational areas.
• Renovation: Decide if you're open to renovating a property. Renovations can add value but require time and additional expenses.

2. Do your research

Once you've outlined your preferences, it's time to start researching properties. Here are some effective ways to do so:

• Local newsletters and magazines: Explore the property sections in community papers or free property magazines. These sources often showcase a range of properties available for purchase.
• Websites: Use online platforms that list properties independently of estate agents. These properties may be priced slightly lower as they often don't include agent commissions.
• Estate agency websites: Most real estate agencies list properties on their websites. Additionally, there are websites that aggregate listings from multiple agencies, and some even include bond calculators, making it easier to compare options.
• Show houses: Attend show houses on Saturdays or Sundays, usually between 2pm and 5pm. Visiting properties in person is invaluable; it allows you to experience the neighbourhood and identify any potential issues that might not be evident in photos.
• Community forums or groups: Word-of-mouth suggestions also go a long way, and these are often shared on community forums like local neighbourhood watch groups on WhatsApp or Facebook. Join community groups in the areas you're interested in and ask for tips.

3. Take the time to evaluate

As you explore different properties, remember that patience is key. Take your time to evaluate each option thoroughly before making a decision:

• Physical visit: Whenever possible, visit properties in person. This gives you a firsthand experience of the property's condition and its surroundings.
• Neighbourhood: Pay attention to the neighbourhood's safety, amenities, noise levels, and overall ambiance.
• Potential issues: Look for any maintenance or structural issues that might require attention. Consult with professionals if necessary.

Remember, buying a property isn't just about acquiring a structure; it's about finding a place that meets your lifestyle needs and truly feels like home. Take your time, explore your options, and make an informed decision that aligns with your aspirations. Happy property hunting!