Homeownership is a milestone that most consumers aspire to achieve. It is a step towards growing personal wealth and owning an asset that will appreciate in value over time, provided of course that the correct principles are applied during the purchasing process, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, who notes that owning a home can influence the owner’s financial well-being for the rest of their lives.
“There are several benefits to owning a property; however it is imperative that before buyers decide to take this step, that they are 100% ready and prepared for the responsibilities that come with homeownership. Owning a property requires desire, stamina and a level of financial commitment, so it is important that buyers carefully consider whether or not they are ready to take that step before they commit themselves,” says Goslett.
He notes that finding the right home and traversing through the sometimes complex process of the property purchasing process are only some of the aspects that potential buyers will need to deal with. “Searching for properties online or visiting show houses, doesn’t necessarily mean that a buyer is ready to commit to homeownership. Several factors need to be considered carefully before the buyer is certain that now is the right time for them to enter the market. For example, a buyer needs to know that they are willing to take on the responsibility of maintaining a property or paying for something if it needs to be repaired. As
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