
How much space do you want or need?
What kind of area do you want to live in?
Will proximity to schools and amenities affect your decision?
What style of house best suits your needs?
Importantly, can you afford to live in your desired area?
Another consideration that has to be made is whether you are interested in renting a place or purchasing your own home.
Both these options need to be compared.
The advantage of renting is that maintenance costs are covered by the owner.
However, there might be restrictions on decoration, and if a higher rent is demanded, it has to be paid.
The greatest advantage of your owning a home is that it is an investment for the future.
While the benefits can be seen to outweigh the disadvantages, maintenance costs are high and the owner is responsible for the upkeep of the property.
Arguably, the most important consideration is the price of the property.
Location plays a huge role in determining the price of real estate, and may therefore affect your decision as to where to buy.
Of the capital is almost always required.
Investigate your options thoroughly, as interest rates can vary greatly from institution to institution.
Your credit history will be taken into account before your bank or lending institution will allow you to borrow.
You can start your quest to buy real estate by doing some simple research.
Talk to friends and relatives, drive through and visit areas where you are interested in buying a property and talk to people who live in and around the areas you like to inquire about available properties.
This will also make you familiar with the neighbourhood, an advantage should you seriously consider it as a future home.
Searching newspaper advertisements and the internet are great ways of locating potential properties , many sites include photographs and detailed descriptions, and will always provide various ways of getting in touch with the agent or vendor.
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