1. Failing to do their research – many first time home owners in Botswana fail to do their research and end up buying a property that doesn’t suit their needs or budget.
2. Not getting a professional home inspection – a professional home inspection can save you a lot of money and stress in the long run, by highlighting any potential problems with the property before you buy it.
3. Not shopping around for the best mortgage deal – first time home owners in Botswana often just take the first mortgage offer they receive, without shopping around for a better deal. This can end up costing you a lot of money in the long run.
4. Not budgeting for ongoing costs – many first time home owners in Botswana fail to budget for the ongoing costs of owning a home, such as insurance, council rates, repairs and maintenance. This can put a strain on your finances.
5. Not considering the future – when buying a first home, it’s important to think about your future needs and plans, such as starting a family or changing jobs. This will help you choose a property that will suit your needs in the long term.
6. Not being prepared for the paperwork – the paperwork involved in buying a property in Botswana can be daunting for first time home owners. Make sure you are prepared for it by getting organised and having all the required documents ready.
7. Not knowing the market – it’s important to have a good understanding of the property market in Botswana before buying a property. This will help you avoid overpaying for your home.
8. Not being prepared for the costs – buying a property in Botswana can be expensive, so make sure you have saved up enough money to cover the costs of the purchase, as well as any ongoing costs.
9. Not having realistic expectations – many first time home owners in Botswana have unrealistic expectations about what their new home will be like. This can lead to disappointment and frustration.
10. Not getting professional help – buying a property is a big decision, so it’s important to get professional help from a real estate agent or lawyer. They will be able to guide you through the process and help you avoid making any mistakes.
