Do I need life insurance before I can get a home loan?

For many Namibians, renting is a natural part of the journey toward homeownership. It offers flexibility, convenience, and the opportunity to get a feel for different neighbourhoods before settling down. But at some point, you may begin to wonder whether it’s time to move beyond renting and invest in a home of your own.

Owning property remains one of the biggest aspirations for many Namibians. But buying a home is not only about finding the right property or chasing a bargain; it’s about ensuring that your personal finances are strong enough to carry this long-term responsibility. Before stepping into the Namibian property market, it’s important to prepare for these five key financial matters.

One of the most important steps in buying a home in Namibia is understanding what you can truly afford. Setting up a budget doesn’t just prepare you for homeownership—it also helps you save money and cut back on unnecessary expenses in the long run.