If you’re on the lookout for reasonably priced property at the moment, you may have noticed that some sellers are enticing would-be buyers with offers that include the property for sale as well as the household contents – is it worthwhile buying a fully furnished property, or will you end up paying more than you ought to? Continue reading
Signing an Offer to Purchase is one of the final steps in buying a property. Once this document has been signed, the buyer is legally bound to purchase the property within the expiry period of the Offer, with both the buyer and seller being bounds by its terms and conditions. Continue reading
Buying a property is one of the most important personal finance decisions you’ll ever make, whether you are buying a home or a secondary property as an investment. Following from our previous blog posts on home ownership issues, we now move onto the matter of drafting an Offer to Purchase. Continue reading
The excitement of buying a home doesn’t need to fade because of unexpected costs. By being aware of the expenses involved in purchasing a property you’ll be able to plan for these and will have no unexpected surprises waiting for you after you’ve signed your offer to purchase. Here are some of the most common expenses involved in buying a home, assuming you will be taking out a home loan. Continue reading
Buying a property is one of the financial milestones in everyone’s life. Whether you are buying your first-ever property or are looking to diversify your investment portfolio with a holiday home or rental unit, the excitement of a property purchase can fade extremely fast if you discover you’ve put in an offer on a sub-standard home. Continue reading
Rental properties are evergreen investments in South Africa. From family homes and apartments in established suburbs to sought-after coastal properties that attract a significant rental premium, this asset class offers the stability of property with the potential to earn good monthly returns as the value of the property increases over time.
If you are a rental property owner or are thinking of investing in one, bear in mind that a secondary rental property is not without its tax implications. By understanding how to declare income and expenses on your rental property, you’ll be able to take advantage of your investment without worrying about taxation difficulties. Continue reading
Ask anyone who works in property management about the challenges they face on a regular basis, and the issue of problem tenants is bound to come up. If you own a rental property, you simply can’t take the risk of entrusting your valuable asset to just anyone – while a good tenant will help keep your property in good shape, a bad one can cost you thousands in repairs and inconvenience.
With the cost of property in South Africa having increased significantly over the past ten years, and in the current economic climate which has seen banks tightening their lending requirements, many investors are opting to pair up with friends, family and colleagues to purchase secondary properties. If you’re considering this option as a means of investing in property more affordably, there are a few considerations to bear in mind: Continue reading