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Cape Town - Any first time home buyer will tell you that aside from finance, there is nothing more daunting than sifting through all of the property advertisements to find the perfect place, especially when that sifting includes deciphering the words that advertisers and real estate agents use.
Francois Labuschagne of classifieds ads website Junk Mail explains some of the most frequently used real estate catch phrases that home buyers should look out for:
Cosy starter homes
These are normally very small houses, townhouses or apartments that will suit couples and/or newlyweds that don’t have kids or aren’t planning on having them for a couple of years.
It is probably a two bedroom, one and a half bathroom home.
Renovator’s dream or properties needing some TLC
These sometimes come with a smaller price tag to purchase, but may need additional investment.
These are ordinarily properties that need more than just a lick of paint.
Generous proportions
These properties will get you a big house, big garden and with it, a big price tag. It would be worth taking a look if you have the means and plans for lots of entertaining and eventually a family.
Architecturally designed
Homes that are architecturally designed are normally found within luxury estates and would have been custom designed for the original owner.
It is important not to get lured by the design, but to take a practical approach to lifestyle, budget and suitability of the design - and the price tag.
Identify a potential property scam
Aside from being aware of the more common real estate catch phrases, it is also important for first time home buyers to be able to identify a potential property scam.
Be aware that it may be a property scam if:
* You are unable to view the property, pending a court case;
* You need to pay a deposit without being able to view the property;
* There is no "for sale" (or even "to let") sign in front of the property;
* You can’t get contact details of previous owners or renters.
- Fin24
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