Utility property guide

Before buying your first home, it’s essential to budget for hidden costs beyond the bond repayment. Common expenses include utility fees, municipal rates and taxes, homeowner’s insurance, and ongoing maintenance. Planning for these costs can help first-time buyers in South Africa manage their finances more effectively and avoid unexpected expenses.

When purchasing a property, you typically can only move in once the transfer is registered at the Deeds Office. However, early occupation—moving in before the registration—may be possible in certain cases.

Downsizing can be a smart, rewarding choice, particularly for homeowners looking to simplify their lives, cut expenses, or adjust to changing circumstances. Whether driven by lifestyle changes, financial motivations, or a need for less space, making the decision to downsize is personal and requires careful thought. Here are some key factors to consider when thinking about downsizing.