While there is today a greater awareness of the benefits of owning a residential property to rent out for passive income, aspirant landlords are faced with some key decisions when making this kind of investment....
Finance
Individuals who have not yet filed their income tax returns have until 24 October 2022 to do so. When it comes to tax deductions, homeowners are entitled to specific claims if they work from home or own a rental property that provides an income....
You have found the perfect fixer-upper - imagining what a room could look like with a fresh coat of paint and some upgrades. For many home buyers, this is an enticing scenario, and the plethora of home renovation shows and social media posts has romanticized the process of turning an old home into the perfect space even more. The reality, however, is that if you walk into buying a fixer-upper blindly, it...
Want to rent out your property or invest in a rental? Going from property owner to landlord requires legal and operational know-how. While a private individual renting out their own property or an Airbnb unit does not need to register with the Property Practitioner’s Regulatory Authority, they must comply with rental, consumer, and tax laws. The rental income must be declared as part of your annual...
Selling a home is one of the biggest transactions a person can make. Selecting the right agent will make a huge difference in how it all plays out. A skilled real estate professional can help navigate everything from marketing the home to negotiating the best possible offer, which is why it is important to choose wisely and select somebody who is compatible with your unique needs....
With the inflation outlook deteriorating since the previous Monetary Policy Committee meeting – with the headline inflation rate again breaching the upper limit of the 4-6% target for the second consecutive month at 7.4% in June 2022, it was inevitable that a decision would be taken to further increase the repo rate, the question was simply by how much....
Buy-to-let activity is on the rise once more as investors start to explore a whole new tenant demographic, says Berry Everitt, CEO of the Chas Everitt International property group. He notes that according to FNB senior economist Siphamandla Mkhwanazi, buy-to-let property purchases accounted for 11% of all home purchases in the first quarter of this year, up from 10% in the same period of 2021, despite...
The latest Africa Wealth Report for 2022 was recently published by New World Wealth and it reveals that much of the wealth still resides in the cities, particularly Johannesburg and Cape Town....
The global economy has been hit hard in recent months. Rising fuel prices, interest rates, and inflation levels have put a strain on households across the globe. South Africa will undoubtedly feel the effects, but experts feel confident that the local housing market will remain resilient against this challenging backdrop....
Investing in real estate remains one of the best ways to accumulate wealth, both in terms of appreciation in market value as well as generating a reliable monthly cash flow....