Buying a home is a big decision that someone has to make somewhere in their life. We can’t live with our parents our whole life right?
So here are a few tips for you.
When viewing a house there are a few things that you need to look out for.
- Is there dampness anywhere? This includes watermarked walls and ceilings and flaky plaster. Make sure to keep an eye out for this because this can be costly.
- Which way does the house face? The last thing that you want is a house that is dark and hardly gets any light. Don’t be afraid to take out your compass to see if the house is north or south facing. This could potentially be your house and you don’t want it to be a dark and cold one now do you? For more information on the direction that your house should face check out this link!
- Are the rooms big enough? The sellers sometime try and make the room appear bigger by placing small furniture in the room. Don’t be fooled and see if your furniture would fit in the room.
- Is the plumbing okay? Do your rounds in the house and open the taps and flush the toliets, make sure the pressure is fine and make sure water does run. Plumbing can make a big hole in your wallet.
- Is the neighbourhood okay? Don’t be fooled by just driving through the neighbourhood once. Drive through the area maybe 3 times a week and at different times so that you can get a real feel for it.
- Do you know where all the amenities are? Make sure you know where the schools, hospitals, shops, doctors and dentists are located. This will give you an understanding on how convenient the area is for you.
- Is the house on a busy road? Make sure to keep an eye out to see if the house is located on a busy road because this could cause traffic delay when going to work and taking the kids to school.
- Are the carpets in good condition? Make sure to see if the carpets are in good condition, if not you will have to budget for getting them replaced.
- Are there any water leaks? Check in the cabinets under the sink to see if there is any water leaks or damage.
- Do the lights turn on? Turn on all the light switches in the house to make sure that it all works because the last thing you want is to only realize the evening you move in that you wont be having any light and its not because of load-shedding.
Now that you know what to look out for when viewing a house, lets move on to the next big thing.
When you start moving stuff into your new house slowly will it be covered if anything had to happen? Well we have the answer for you. Insurance policies usually cover both the old and the new home for 30 days. Day 1 starts when you move your first box. REMEMBER that you do need to tell your insurance that you are moving, at least 30 days before. However, give them a call and make sure that they do cover both houses just in case.
For most people getting a mortgage bond is unavoidable. This is why you need to make sure that you choose the right one. Shopping around and seeing where there is value for money is essential. Don’t just jump into it.
Things to consider:
- The level of service. Look at how high the interest rates are on the mortgage bonds. Also see how their customer service is because if it is bad, how can they help you? Query if anyone will be assisting you through the process, you may need help.
- Is there a fast turnaround time? If you find a house that you love, the last thing that you want is someone to get it before you. Call providers and find out how fast there turnaround time is.
- Is there individualised attention? If you don’t meet the requirements of the provider they will deny you. If you choose a provider that gives individualised attention by matching your risk profile with your mortgage bond.
When selling a house you need a few things…
- Electrical Certificate. Having a electrical certificate is compulsory when you are selling your house. You get this by having your house inspected before it is sold. With this inspection they check distribution boards, wiring, earthing,bonding of all metal components, wall sockets, light switches and the isolators of fixed appliances.
- Electrical Fence System Compliance Certificate. If you have installed electric fencing you will need to get this certificate too.
- Certificate of Compliance of Water Installation. If the house you are selling is situated in Cape Town’s municipal area, you will need this certificate. The need for this certificate came into effect in 2010.
- Gas Certificate of Conformity. If your house has is fitted with gas appliances then you need this certificate. This regulation came into effect on 1 October 2009.
Now that you have some tips and advice, we wish you all the best with your sale and the buying of your new home!
May the roof above us never fall in and may we good companions beneath it never fall out.