Tenants and landlords should know their rightsMon 28 Sep 2015
- Failure to refund deposits
- Unlawful notice to vacate
- Exorbitant increases in the rental
- Failure to pay rent
- Unlawful seizure of possessions
- Failure to reduce the lease to writing
What sellers can expect from a show dayTue 22 Sep 2015
Making compromises during the home searchTue 15 Sep 2015
Fixtures and fitting - what goes and what stays?Thu 10 Sep 2015
- The first aspect to establish is the intended nature and purpose of the item when it was attached. Is the item attached to the land or a structure erected on the land and does this item intend to serve the land on a permanent nature?
- How was the item attached? If the item is attached to the degree that removing it would cause damage to the structure or land that it is attached to, then the item should remained fixed and be considered permanent.
- The owner’s intention when attaching the item should be taken into account. If the intention of the owner was to permanently attach the item, then that should be given consideration.
Parent or not, schools matterWed 26 Aug 2015
“Everyone knows that location is important, but not everyone knows what elements make an area a good location or not, or how this influences buying decisions,” says Goslett. “A major factor in determining whether a location is preferable is its proximity to amenities such as shopping malls and medical facilities. One of the most important aspects that has a major impact on buying decisions is proximity to good schools, because of its influence on both housing prices and children’s education.”
According to Goslett, whether the buyer has children, an elderly parent looking to downsize or years from starting a family, the quality of schools in the area should be a factor in the buyer’s home search because of its impact on the homes in the area. He notes that homes in the areas that are considered to be the best school districts will on average sell for more, than similar homes in other areas. “Generally areas that are close to good schools have higher numbers of people looking at the same homes, which pushes up demand having an impact on the home’s pricing. Demand has a direct influence on the appreciation potential of a property or area. As a result the resale value of homes in these areas often fare better, even in a stunted market,” Goslett explains.
So why do schools have the impact they do on housing? Goslett says it is largely due to the schooling zoning system. “If there is space available, parents may register their child for any public school. However, most public schools will have a specific feeder zone. The child’s home address will determine which schools the child is zoned for. The children within the feeder area will be given preference over others outside of that zone.”
According to the Department of Education, first preference is given to children whose parents reside within the feeder zone. This also includes parents who live at their place of employment, such as in the case of a domestic worker. Second preference will be to those children whose parents work in the feeder area and third will be the remainder of the applicants which are processed subject to availability on a first-come, first-serve basis. Once all spaces have been filled, the rest of the children will be placed on a waiting list. The provincial department of education is obliged to find every child a place in a school. However, it may not be your first choice.
“Before buyers purchase a property it is important that they do their research on schools in the area and how they are rated. Furthermore, as purchasing property is viewed as a long term investment, where possible, buyers should assess what plans they have for the future. Although they may not have children at the moment, if children are a part of their plans, then considering the schools in a particular area could become a priority that influences their buying decision,” says Goslett.
Where would buyers be able to get information about schools in the area where they are interested in purchasing? Buyers can contact their provincial department of education or browse the website. The Department of Education has a countrywide database of all public schools that can be of assistance to property buyers. This database has information such as the school address and contact details.
“Buying a property is a huge decision that should be carefully considered. Having the necessary information at hand will ensure that buyers make the best decision when choosing a home,” Goslett concludes.
Ways to use your tax refund on your homeMon 24 Aug 2015
Purchasing a fixer-upperWed 19 Aug 2015
Tips for surviving a house huntTue 18 Aug 2015
Pros and cons of going from renting to owningThu 13 Aug 2015
Things to avoid when selling your homeTue 11 Aug 2015
“Avoiding these mistakes will help to ensure that the process of selling a home is less stressful and a far easier procedure to handle,” Goslett concludes.
Property ownership hinges on savingsWed 05 Aug 2015
- Seek the expertise of a professional financial adviser and planner, who can assist in formulating a personal finance plan
- Create a budget which includes savings and stick to it
- Avoid buying luxury or unnecessary items
- Shop around – comparing prices to ensure you find the best value for items and services
- Stay away from credit - rather pay cash whenever possible
- Review all policies and medical aids annually to ensure you are getting the best possible deal
- Go green - save on electricity and water costs by cutting down consumption