There comes a time in our lives where the prospect of buying and investing in property is highly enticing. Whether you’re starting a new family, or simply want to be a property owner, it’s something that most of us look forward to. In fact, this life achievement is something we’re often encouraged to do as there are ample benefits according to the experts, but is it as easy as it used to be?
Tricky Situation For Millennials, Lower & Middle Income Bracket And Previously Disadvantaged People
For many people, especially those in the lower and middle income bracket, it’s not that simple, due to the economy changing dramatically over the past few years. Owning a house used to be a breezy process and an affordable thing to do whereas nowadays, unfortunately, the increase in rent, land and housing prices has made it seem unattainable to many.
Individuals that fall into this bracket currently find themselves in the tricky situation of having the price of property increase without much of an increase in salaries. From millennials to previously disadvantaged people, making the long-term decision to invest in property comes down to whether they can afford it or not and even though the situation might seem bleak, there are opportunities out there that could make this happen.
What’s The Solution?
The first step is to crunch the numbers to know what you can afford. Then you’ll need to think about what you want, what type of property you’re interested in and what you’re wanting to do with it. Having all your information in order will simplify the process and you’ll be able to head into this new journey with a clear understanding of what you want and need.
A good idea is to approach and make use of a specialised company such as Gondovect Properties, one that focuses on property development from start to finish. With a unique approach to providing property to people, the company puts the individuals needs before anything else, thus offering a personal yet professional service. Therefore, instead of buying into property that already exists, you can get exactly what you need and most importantly what you can afford when you go through Gondovect Properties.
When you’re ready to take the leap of owning property, contact us: info@gondovect.co.za
