Unforeseen life events like divorce, the death of a loved one, financial challenges, or a new partnership can turn even the most stable home loan into a stressful situation. Navigating a home loan under these conditions can be challenging, but understanding your options can help you make informed decisions and avoid unnecessary financial strain. Here’s what you need to know if you face one of these...
As Gauteng edges closer to a “Day Zero” scenario, spurred by prolonged water supply issues and the looming specter of municipal infrastructure failures, water storage solutions have become a pressing necessity for homeowners in South Africa. Below, we discuss practical storage options that cater to different levels of need, helping homeowners mitigate the impact of municipal disruptions, droughts, and...
When homeowners decide to sell their property, one important question arises: should you buy a new home before selling your current one, or sell first and then buy? This decision depends on various factors, such as whether you’re moving locally or to another province or country, whether you have children in school, and the need for a deposit....
There are several marital systems recognised by the South African Deeds Office, each with a unique impact on property ownership and transactions. Understanding these differences is crucial for couples to make informed, long-term real estate decisions....
Downsizing can be a smart, rewarding choice, particularly for homeowners looking to simplify their lives, cut expenses, or adjust to changing circumstances. Whether driven by lifestyle changes, financial motivations, or a need for less space, making the decision to downsize is personal and requires careful thought. Here are some key factors to consider when thinking about downsizing....
It’s that time of year again – tax season. For many South Africans, it's an opportunity to get a financial boost, thanks to refunds from the SA Revenue Service (SARS). While it may be tempting to splurge on a vacation, new gadgets, or a family outing, homeowners should consider using their tax refund to save money in the long term by investing in their homes. You still have time until 21 October 2024...
Property sales are often complex and lengthy, and even minor delays can lead to significant frustrations, added costs, or, in the worst cases, a collapsed deal. However, while not all delays can be predicted, there are proactive steps that can greatly reduce the risks of setbacks....
When you're buying or selling a property, you're likely to encounter various costs and fees in addition to the purchase price. One of these expenses is conveyancing fees, which are essential to every property transaction. But what exactly do conveyancers do, and why are their services so important for both buyers and sellers?...
Levy increases are an essential aspect of property ownership in sectional title schemes. As property owners within these complexes, the responsibility of maintaining, managing, and repairing common property falls on the body corporate—the collective of unit owners. The funds necessary for these responsibilities are generated through levies, which are typically adjusted annually. These adjustments are...
With the recent 25 basis point cut in the interest rate, many South African homeowners are wondering if now is the right time to refinance their properties. But is this a good move?...