Getting married and setting up a home is one of the most exciting times in your life.
Congratulations on your union! Right now, you’re likely searching for the perfect location and creating interior inspiration pins on Pinterest. As this is probably a first-time experience for both of you, there are many things to consider in terms of your budget and lifestyle. Coming to an agreement on all the different elements will definitely be more admin than planning a wedding, but Seeff has you covered with all you need to know about buying your first home.
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Start with the long-term
Buying property is an investment and one that should not be taken lightly. Thoughtful planning is required to ensure all your priorities are covered as a couple. Settling down in an area you like and that is convenient to your daily life is an added bonus. However, buying a property that has long-term potential is even better.
Depending on whether you and your spouse want to start a family or not, it would be a good idea to buy a spacious home in a safe suburb with good schooling prospects. This also goes to the opposite end of the spectrum if you are both career oriented. It will be convenient to choose an area close to your offices or business parks and with a range of amenities that make life easier on the way home.
It is now more effortless than ever to search for a home online that ticks all your boxes. It’s almost become a favourite pastime for South Africans to browse property portals while daydreaming about what you would change or keep about the decor and more.
Crack open that piggy bank
Once you’ve got the bare necessities of where you want to live and why, it’s important to iron out the financial details. Chances are you’d both already have been saving up throughout the course of your relationship in order to obtain this milestone in life. While it is a difficult task, home loans are a great way to build your credit as a married couple and introduce you to the property market on solid footing. Applying for a home loan is a process that helps you explore the ease of options available for financing your dream home.
Stepping stones to that sold sign
- Decide early on whether this is a starter home or a forever home
- Identify your budget and stick to it
- Work on building a reliable credit score that banks feel confident in
- Opt for guests to donate to a “future home fund” instead of a wedding gift registry
- Plan for that rainy day and have extra funds available for any unforeseen expenses
- Calculate your monthly household spend inclusive of your home loan installments
Eco-cool is in
Undoubtedly the most fun thing about purchasing a new home is being able to pick and choose exactly what type of lifestyle you want to lead. It’s become popular to search for eco-friendly homes that promote sustainable living and energy sources like solar panels.
If there isn’t space for an outdoor area or garden, the option to install indoor plants as a decor feature is a wonderful addition to any room. This also helps with the recycling into compost and turns out to be an environmentally sound and budget-savvy way to live. Mini herb gardens have become popular along many suburban kitchen windows and are a great way to ensure you keep the flavours fresh in your marital home.
Buying a house as newlyweds will entail a lot of research and responsibility. Seeff home experts cater to every level of the property buying experience so you can rest assured you’re receiving the highest quality advice in the market. Contact us today.
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