Simply Online obo Mooney Ford Attorneys, KZN: Location still important in home buys | Simply Online

Blog

Simply Online obo Mooney Ford Attorneys, KZN: Location still important in home buys

...

Location is important and buyers seek areas close to amenities such as well-kept public spaces.


Aspiring property owners taking advantage of the current buying conditions should remember that the age-old adage “location, location, location” still applies.


Informed buyers seek areas close to amenities such as good schools, healthcare and well-kept public spaces, says Gareth Bailey, an area principal for Pam Golding Properties.

“The prime interest rate has dropped… A R1.2 million property will now cost about R2 000 a month less in monthly instalments.”

First-time buyers should resist buying the most expensive property they can afford and rather ensure they can cover their bond repayments comfortably, possibly with a tenant.


“You can then buy another property, taking your first step toward building a property portfolio.”


READ || Second-tier cities are cheaper


READ || Trends for post-Covid living seem at odds


*Article sourced from Property360*


Click the link for more on Mooney Ford Attorneys - Mooney Ford Attorneys