Costs Involved in Buying a Home

buying-house-costsThe 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

The Tax Implications of a Rental Property

rental-property-taxRental 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

How to Choose the Right Tenant

Property TenantAsk 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.

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Joint Mortgage Bonds: Making Property Investments Affordable

Joint Mortgage BondWith 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