3 Must-dos for first-time buyers
Getting a foothold in the property market is quite daunting and there are many factors you will need to consider when taking your first steps. We take a look at the top 3 factors first-time buyers need to keep in mind.
Look at off-plan developments
As a first-time home buyer, there are benefits to purchasing an off-plan opportunity. Generally, there is an estimated 18-month waiting period for construction to complete on residential developments. In the case of International Housing Solutions developments, like Mason, they started construction long before the product was launched to public, giving them a head start and purchasers in turn had less time to wait to move in. Once you have taken transfer of your home, you will be taking ownership of a brand-new home, which will require little to no maintenance.
Some of the other benefits of purchasing an off-plan development include the fact that you are buying directly from the developer and therefore will not be required to pay transfer duty. If you are securing a bond, you will only need to pay towards your bond once transfer of your unit has taken place.
Location
The principle of property investing is GASH investment – Good area small home. A good location means it provides better value. A good location is not only referring to the general region, but also includes the need to be situated close to popular and necessary amenities. Mason is a prime example of how location plays in its favour as it is placed in the up-and-coming Arbour Town in Amanzimtoti and also is less than 10 minutes away from shopping centres, the beach, hospitals, schools and businesses.
Do your homework
It is vital to learn more about a development group that you are investing in, know their track record, follow their developments on social media and listen to what others have to say about their experience through dealing with them. International Housing Solutions has built their reputation on their quality workmanship, EDGE-certified buildings and modern lifestyle offerings. Additionally, understand all the costs that will be involved before committing yourself to such a hefty purchase.
The first step is always the hardest, but once you get your foot in the door, property purchasing will get easier, affordable and more strategic. Once achieving these three vital steps you will be successfully on your way to investing in property.
