Begin with a Budget

First up, assess your budget and finances. Take advantage of the many property tools available online – loan calculators, guidelines, etc., – to work out your financing. Remember to take into consideration the downpayment needs in your overall financing, which is usually a lump sum equal to 10% of the total cost of the said property.

Start Smart

Buying a house under your name, is your first big step into building your financial worth, it is a long term commitment. Depending on your personal financial capability and affordability, always ‘start smart’ to find property that match your financial capability. As a first-time buyer, it makes sense to also start small before moving on to bigger and more luxurious properties to avoid any financial turmoil in the future.

Leverage on Location

When deciding on your first home – and any future homes, for that matter – always take location into consideration. If your home is too from your workplace or school, you may end up spending more on transportation to work and school, such as petrol. If your options are limited, consider a home with the convenience of public transport, such a bus stations nearby to save on travelling cost and time.

Railview Estate and Redwood by Sylvastar residence at Idu and life camp are both sited on strategic localities with direct access to main roads and expressways.

Do your Own Research

For most Nigerians, buying a house is tough; buying your first house is even more challenging due to the high upfront payments. Do your research and you might benefit from some home-ownership programmes.

Compare the Costs

You may have found the property of your dreams, but do not rush right into things immediately! Always take a step back and compare the property against other similar properties. Costs such as developer incentives may also help you save a lot on cashing it out for your first home.

Engage an Expert

As you familiarise yourself with the steps and processes of home ownership along the way, you may encounter some walls, but do learn from the experience. We encourage you to seek advice from experts, such as reliable agents or reputable and honest developers to guide you on your journey.

Weigh your Options

Once you have all the necessary information, you can weigh your options. Many factors come into play when deciding on which home to settle in, or which loan package to take up on. Ultimately, choosing your dream home is a personal decision that differs from person to person.
Happy new month to all of us
Remember to go hard is month and trust God
Owning your dream home is just a call away
Roland Ochube- 09020605010

Source:

1) https://www.imoney.my/articles/home-buying-tips-from-real-estate-agents-in-Malaysia

2) https://www.propertyguru.com.my/property-guides/how-to-buy-new-house-malaysia-16637

3) https://www.edgeprop.my/content/1484917/incentives-homebuyers

[quote author=roland18 post=126731611]A site inspection is just as easy as a phone call