Smaller South African towns, known as second tier cities, have seen exponential growth over the past 3-5 years. Many have realised that not only is it possible to work remotely in outlying nodes in so many industries, but that these smaller cities also offer other phenomenal opportunities. Most notably, these include more affordable living, and better quality working environments, away from major urban...
South Africa's National Budget has been welcomed by property experts, who say it will offer a range of benefits for homeowners and those looking to enter the market. From a residential property perspective, the announcement that the brackets of the transfer duty table will be increased by 10 percent, allowing properties below R1.1 million to avoid any transfer duty payments, is welcome news for aspirant...
Moving to a new home can be incredibly exciting, but it can also be overwhelming to adjust to all the new routines. To make the transition easier, homeowners should take the time to familiarize themselves with their new surroundings and should be intentional about turning the house into a home....
Despite the lack of significant changes in the industry for almost five decades, the real estate sector has undergone remarkable and unprecedented transformations in the past ten years, marked by both fluctuating peaks and valleys....
It doesn't matter what the market conditions are like when you start your home buying journey. Favourable market conditions don’t mitigate the potential pitfalls and, unfortunately, buyer’s remorse is not uncommon amongst first-time buyers, usually as a result of neglecting to do their homework and ensure they are thoroughly prepared....
In the real estate world, there is a substantial difference between an investor and a home buyer. The criteria by which the property will be judged will differ vastly depending on how the buyer intends to use the property. Adrian Goslett, says that it is important for buyers to establish their intentions for the home upfront before they start the house hunting process....
Being a good neighbour can add value to your life, security, and your property and neighbourhood. People want to live and invest in neighbourhoods which are orderly and well maintained. This says Samuel Seeff, chairman of the group, has been well-illustrated by the influx of buyers and tenants to cities, towns and neighbourhoods which are safe and well maintained and managed....
The excitement of becoming a home owner and the immense task of moving into your new home and settling in can sometimes overshadow home buyer's remorse - which does happen and is not spoken about enough in real estate....
It’s easy for property investors, particularly those new to the industry, to be swayed by the rental amount the property is likely to generate on a monthly basis. And while the monthly rental is certainly an important factor, the seasoned investor tends to look beyond the rental yield and rather takes a more long-term approach by focusing on the property’s potential capital growth over a set period of...
How much house can you afford to buy? It is a complicated question, but it is one that you absolutely have to answer to ensure it helps rather than hurts your financial fitness. To fully answer the question on how much you can afford to buy, you will need to know the answer to two other vital questions: how much you can put down as a deposit and how much can you spend once you actually live in the...