5 things to consider before you invest in your first property

Whether you’re buying your first home or your first investment property, the process can be understandably daunting. When deciding how, where, what and even why to buy, it’s important to get the right advice.?

Since 2014, we’ve been lucky enough to guide hundreds of first time buyers through the process of purchasing a Blok apartment. Our latest development,?EIGHTY2 ON M,?has already sold 80% of available units, connecting happy new owners to the vibrant urban community in Sea Point.?

If you’re ready to take the leap, here is some advice we’ve shared with the Blok community over the years:?

?1. CHECK YOUR AFFORDABILITY?

Before purchasing your first property, make sure you can afford the capital purchase as well as the monthly running costs. Online tools like?Ooba?are a great way to gain information about transfer fees, transfer duty (which is included when you buy from Blok) and any other costs involved.?

?2. LOVE THY NEIGHBOURHOOD

The neighbourhood you live in significantly impacts your quality of living. A prime location like Sea Point offers conveniences within walking distance as well as the feeling of safety and security, whether you’re grabbing a bite after sunset or going for a solo morning run along the promenade. Property is a long-term holding asset, so it is wise to choose a location you love that will also consistently be in demand, whether you choose to sell or earn rental income in future.?

?3. SIZE ISN’T EVERYTHING

Reflecting the international trend on urban living, we’ve found that buyers are willing to compromise on square meterage to live in top lifestyle suburbs like Sea Point.?Modern buildings like EIGHTY2 ON M offer intelligently-designed micros, studios and one-bedroom apartments, and include facilities like rooftop pools, well-equipped entertainment areas and even serene gardens, while still offering the unmatched convenience of urban living.?

4. LOOK FOR INTELLIGENTLY-DESIGNED HOMES?

Compact homes require innovative, thoughtful interior design. We believe that functional items should be space-intelligent and maximise storage possibilities without compromising on aesthetics. Choosing a building that has modern appliances and infrastructure as well as energy-efficient and water-wise fittings will greatly lower monthly costs and save you money in the long run.

?5. ACT FAST, ACT NOW

When you find an investment opportunity which checks all the boxes (situated in high-demand areas and delivers strong capital growth and rental yields), you will need to act quickly, not to miss out, as much of the time these homes move fast. And we've seen this in?EIGHTY2 ON M, which has almost completely sold out in just four months, with the exception of a handful of one bedroom apartments.

Always striving to make urban living and property ownership?accessible to everyone,?we’re excited to extend this limited offer to you:?

When you purchase a one-bedroom apartment in?EIGHTY2 ON M, we’ll add the finishing touches that make a house a home, including decor and furnishings?curated by?Studio19.?

From first-time buyers to seasoned investors, our clients recognise that Sea Point is a prime location that offers not only an enhanced quality of life but a spectacular array of experiences just waiting to be discovered.?You’ll get everything you need in a home with every convenience at your doorstep.

Are you ready to move in? Take the first step with us.