Buying your first property is a significant milestone, but it can also be a complex process if you’re not well-informed. Here are some essential tips to help you make the best decision when purchasing land or a home.
1. Determine Your Budget
Before you start searching, set a realistic budget. Consider the cost of the property, legal fees, taxes, and any extra expenses. If you’re buying through financing, ensure you understand the loan terms and monthly repayments.
2. Choose the Right Location
The location of your property determines its value and future returns. Key factors to consider include:
✔ Proximity to schools, hospitals, and shopping centers
✔ Availability of roads, water, and electricity
✔ Security and potential for future development
3. Verify Legal Documents
Never assume that a property is legally registered without checking the paperwork. Request for:
📌 A title deed search at the Ministry of Lands
📌 An agreement of sale with all terms clearly stated
📌 Land use regulations to ensure it suits your intended purpose
4. Work with a Trusted Realtor
Many people fall victim to real estate scams because they don’t engage professionals. Always work with a licensed and reputable real estate firm to ensure smooth transactions.
Ready to buy your first property?
At Madonna Realtors, we provide trusted guidance and handle all the legal processes for you. Contact us today and start your journey to owning your dream home!