The local relocation trend, more commonly known as semigration has become somewhat of a buzzword since 2020 when the world changed almost overnight. People across the globe found themselves with more flexibility regarding where they worked, their day-to-day life and what was important to them changed too.
When you buy a home, there is more to consider than your monthly home loan instalment. Often first-time buyers overlook or just aren’t aware of all the costs that come with purchasing a home, and when summed up, it’s often an unpleasant surprise. We break it down into the various costs you need to consider when buying your home, and then those that you’ll need to budget for as a new homeowner.
Very few people can buy their first home ‘in cash’ and therefore rely on banks to help them make homeownership possible through taking up affordable credit. A home loan which is paid off over an extended period is both a reality and practical necessity for many first-time and repeat homebuyers.
