Recent renovators with first-hand experience share their top tips for avoiding unnecessary problems, costs and headaches that usually come along with bricks, dust, building contractors and paint samples.
Thandeka Sithole’s interest in providing student accommodation began when she herself was a student at UCT. After accommodating more for short stays, she realized there was a good business opportunity in it.
“Women owning their own property is a good barometer of womens’ overall empowerment and economic progress. Especially encouraging is that black women are emerging as an important market segment according to data from Lightstone.”
Even though the COVID-19 pandemic has had an impact on the property market across South Africa, there are still significant residential investment opportunities to be had. In line with this, Pretoria has emerged as an attractive destination with several areas showing great potential for growth, says Keabetswe Nkotswe, TUHF portfolio manager. Read: What Global Trends can Property Investors Leverage? “There has been steady progress, but it […]
Is it legal for the seller to have removed items from the property without your knowledge? Find out what the 3 well-known criteria to aid in determining whether it is legal or not.
Being a landlord allows you to earn income from your properties. But it’s not always smooth sailing. Here are 7 steps to tackling the risks associated with owning and managing a buy-to-let property
Property investors can tap into the potential offered by both short- and long-stay accommodation demands from the international community.
A property developer is helping South Africans earning under R22 000 a month access an “underutilised” government housing subsidy to assist those wishing to become first-time homeowners.
These may be uncertain times we’re living in, but your rental income doesn’t have to be.
The rental market has not been at levels like this since the 2008 financial crisis, says Paul Stevens, CEO of Just Property. Industry data analysts report that fewer than 80% of tenants are in good standing. What does that mean and how do you secure the right tenant for your rental property?
What are the extras that you typically won’t get from a normal rental agent, but are crucial to have as a property investor?
Approximately 30% of our admissions are from families wanting to relocate to the area from Gauteng and because we have boarding facilities some send their children ahead. This number has steadily increased since the beginning of the year
Applying for a home loan is the most important step on the home buying journey, but many first-time applicants are in the dark about what the banks – the institutions with the power to approve these home loans- are looking for.
Being wary of taking on debt is a wise default position. Borrowing cash to fund unnecessary extravagances will probably only buy you more worries in the long term. Of course, there is also a good side to debt, and it can be a big benefit to you if used appropriately.
The real question to ask these days is not whether you can afford to get into the property market, it’s rather, can you afford not to?
Make buying your dream home an informed purchase by knowing your credit score. Buying a new home is an exciting and emotional decision – but it should also be an informed decision, says Carl Coetzee, CEO of BetterBond. “With record-low interest rates, affordability levels have increased and more aspirant buyers can now afford to apply […]
The interest rate is the lowest it has been in decades, but property is a long game and there are practical steps to consider when investing.
The Real Estate Master Summit (REMS) 2021 is a free, 7-day event, packed with knowledge bombs that are sure to invigorate any real estate business owner, whether they’re just starting out in this industry or already have a sizable business they’re looking to grow.
One of the trends that have emerged since Lockdown is South Africans’ increased investment in home improvements.
When buying your first home, it’s essential to know your financial limits. Knowing how much you could qualify for is only the start.
Landlords will need to ensure that their rental property is attractive as possible to attract qualified tenants in the current market.
Reality TV dreams of upgrading and flipping a fixer-upper are more challenging in a market, like the current environment, that has an overabundance of stock and a shortage of customers.
Before you move into your new home, you need to consider these top 6 things.
There are many factors to consider before you make the leap from city to country living, starting with the real costs of relocating.
Co-owning a home – or even an investment property – can be a great way to start building a future together. Just like any other big commitment, however, it’s not something that should ever be rushed into.
As Generation Z flocks to the cities, more and more members of Generation Y (more popularly known as Millennials) are steadily moving back to the suburbs to live with their parents and often, their siblings and grandparents too.
You can’t afford to fall behind on property trends and legislative requirements, least of all if you’re a Trustee or Scheme Executive, so make sure you equip yourself in every possible way.
‘It’s all just the same, isn’t it?’ asks Pieter Verwey, more a statement than a question. According to Verwey, multiple award-winning Creative Director of Silver Fox a.r.e, most marketing today, especially in the high-end estate realm, are just cookie cut-outs of the same theme.
When Eskom informed Parliament in September that rotational power outages were here to stay until at least March 2022, many consumers took a hard look at how they could become less reliant on the national grid.
It took a lockdown to show us the faults in our thinking. To understand what it is that is important. It took time away from distraction to realise that life is short, that possession is a trap, and that there has to be more to it than first-world luxuries, wrapped in the ever-important guise of making more money instead of more time.
If the owners in a specific Sectional Title scheme want to make new “house rules” for their scheme, it’s very important that they follow the proper procedure, says Berry Everitt, CEO of the Chas Everitt International property group.
A common mistake amongst first-time buyers is buying impulsively and based on emotion. “To avoid this, view your property as an investment – be rational, do your homework and take your time in making your purchasing decision,” says Grant Smee, Managing Director of Only Realty.
There are many payment applications and software providers claiming to do all it takes to manage rental payments, but rental payment processing is not for the unprepared. These are the top 10 questions you should ask rental payment providers to ensure you’re getting the best value for money.
“The Covid-19 pandemic has highlighted the fact that managing such properties – and tenants – is becoming ever more complex, and that there are not many private investors with the specialist knowledge or time to do so. Increasingly, they need help from properly trained and qualified letting agents who also comply with relevant legislation and regulations.”
When it comes to property, most estate agents will tell you that the three L’s are, and have been since forever: Location. Location. Location. They are not wrong. But they are also not right. Because the new three L’s go beyond just positioning. The new order of the day is Location, Luxury and Lifestyle.
Flyt Property Investments says that we should see the upgrade of communal living enjoy a re-surge of popularity in South Africa. This will provide a post-Covid living option which will also bridge the gap for urban residents looking for homes that provide secure micro-spaces, shared living areas, and common spaces at affordable prices.
If you’re a home seller, now is not the time to withdraw your
property from the market in the hopes of selling it at a higher
price next year.
“I am continually amazed at people who sign agreements for millions of rand in property purchases without consulting a lawyer. The problem is that many offers to purchase have either been over-edited or are simply not comprehensive.”
While the market has picked up significantly and Seeff ended July with the highest sales in six years, buyers putting in low offers are left disappointed, says Samuel Seeff, chairman of the Seeff Property Group. Contrary to expectation, sellers in many areas are achieving close to and often full asking price in the lower price […]
Property professionals operate today in an environment of ever-increasing requirements for better transparency, disclosure, accountability and governance. Professional indemnity cover in the real-estate world is very similar to medical malpractice cover for doctors. While the sale or rental management of a client’s home may not require the precision of a surgeon, even a simple property […]
For many buyers, sectional title living offers heightened security, affordability and a more communal way of life. However, sectional title ownership comes with a variety of ownership responsibilities and legalities of which buyers are not always aware. “There are considerable differences with regards to investing in the two type of properties. When purchasing a freehold […]
While we like to think that our lease agreements protect us during times like these, the reality is that the current lockdown and subsequent economic fallout is something none of us could have predicted or fully prepared for.
A once-in-a-lifetime opportunity to secure a luxury unit in the brand-new Newlands Peak development for as little as R996 per month.
The eviction process protects tenants, but landlords still have rights The global spread of COVID-19 has impact millions of people worldwide and locally. Many have been placed on unpaid leave, others have been informed of a reduction in salary or completely lost all income. This has led to the inability of many tenants to continue […]
South Africa’s GDP contracted by 2% in the first quarter of 2020, during which lockdown had only just begun. This means that there will be worse news to follow for the second quarter of the year when lockdown restrictions were in full force and real estate services were unable to operate until alert level 3. […]
The growing possibility that a life with some form of lockdown restrictions, face masks and social distancing may well persist into 2021
People often talk glibly about adapting to change, but in the wake of the Covid-19 pandemic and ensuing economic crisis, it seems more likely that we are going to have to fundamentally change in order to adapt to new situations, conditions and environments in the future.
Lockdown level 4 – are evictions allowed? The easing of the rigorous lockdown rules that governed us for five weeks was met with rejoicing by most South Africans, particularly those with dogs and athletes who were missing their daily runs/cycle rides.
“Factors such as the deposit, valuation, financing, any inspections required, fixtures and fittings and the occupation date are important considerations that must not be overlooked.”
If your home has already been listed for sale, now is not the time to take it off the market – and if you are thinking of selling for any reason, now’s the time to get it listed. That’s the advice of Berry Everitt, CEO of the Chas Everitt International property group, who says that […]
As interest rates tumble and property prices come under pressure in the months following the immediate Covid-19 health crisis, lower-income families could be presented with their best opportunity in almost a decade to become home-owners.
We find ourselves in challenging times. The COVID-19 virus has brought the world and economies to a near stand-still
How do we continue buying or selling properties in light of President Cyril Ramaphosa’s declaration of the COVID-19 pandemic as a national disaster?
Lightstone Property recently released their Residential Property Indices for March 2020. This is based on analysis of data….
The South African residential rental market has been a tenants’ market for some time. Despite this, market research….