Tips for first time buyers

From My Home asked a few of our top Property Professionals and realty experts what guidelines they would give to novice buyers...

Tip 1: "Have an emergency fund for unforeseen expenses on hand," says Sheila Madumo. "A good example is the fluctuations in interest rates that we have seen recently."

Tip 2: "Where a property is located is one of the biggest factors that will affect your resale value in the future," says Zani van Wyk.

Tip 3: "Good financial planning is key," says Elsa Joubert. "Having a stable credit record can make it easier to apply for a home loan."

Tip 4: "Start building equity as soon as possible," says O'delia van Wyk. "Buy a home or property that you can grow into - that fits your future needs."