First-time homebuyers: Tips to help you avoid regrets in your biggest investment: [an extract from an article by: Arnold Maritz, Co-Principal for: Lew Geffen Sotheby’s Int. Realty in Cape town’s Southern Suburbs: – in property24 – 1 November 2024]
Buying your first home is an exciting time and it should be the start of many happy years spent enjoying your investment, however, many first-time homebuyers find themselves facing unexpected challenges or wishing they had made different choices.
“Buying property for the first time is certainly a learning curve but that doesn’t mean it should involve expensive mistakes or lead to regrets. Most errors can be avoided with the right information, planning, and approach.”
Maritz shares six of the biggest regrets first-time homebuyers face and offers advice for how they could have approached these decisions differently for a smoother, more satisfying experience…
- Underestimating Total Costs of Homeownership
- Overextending Their Budget
- Not Considering Future Needs
- Overlooking Resale Value
- Not Shopping Around for a Mortgage
- Underestimating a Fixer-Upper
In an article published on 9 Oct 2023 Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, shared: “Buying a home is one of the biggest purchases a person can make, so you want to be sure to make the right choices throughout this process”.
Here to help make this process a little easier, RE/MAX of Southern Africa shares their three practical tips for house hunters:
- Be open to compromising
- Give every home a fair chance
- Work with a real estate professional
The Original, Full Article can be Viewed here → https://www.property24.com/articles/first-time-homebuyers-tips-to-help-you-avoid-regrets-in-your-biggest-investment/32431