Buying Property | What to look out for

I am finally ready to swallow my pride and share my bad experiences with property ownership. If you are a first-time buyer or want to buy, please pay careful attention.

I recently shared my story on youtube:

An account of the major pitfalls that I experienced with owning a property

Investing in property is no child’s play. You need to be on a look out for things that don’t quite add up such as:

  1. Never trust an estate agent!
  2. Ask for levies statements.
  3. Talk to residents in the property about any issues, especially persistent issues with the building that they have concerns about.
  4. Look out for tell-tale signs like floor tiles that don’t match, signs of water damage or fire damage.
  5. Find out where the water tanks are and how the plumbing is set up
  6. Speak directly with the seller to gauge if what you are told is the truth.
  7. Crunch the numbers and find out beforehand if there are any activities that are prohibited by the Body Corporate /Home Owners Association, such as running a business like Airbnb or letting to tenants.
  8. Get clarity on exactly what your homeowner insurance covers, read the fine print.
  9. Don’t bother contacting the CSOS Ombudsman, it’s a waste of time and resources. Trust me on this one. I am talking from experience.
  10. Lawyer up, especially when you own a rental property. Get a lawyer on retainer so that you can fight back if you are taken advantage of.

I detail my experience in the 2 part series, which I hope to upload soon. Please enjoy part 1 now and let me know in the comments if this is useful to you.

#CityLiving #owningproperty #sectionaltitle #dreamhouse #nightmare #flooding #plumbing #electricity #brokenelevator

Published by FabulousMeuJwara

I'm a dark-skinned black woman who loves life, fashion, food and books. I am a writer at heart. I am fat and fabulous. I enjoy traveling and exploring. I am creative and smart. Welcome to my world!

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