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INVESTING IN A HOLIDAY HOME

INVESTING IN A HOLIDAY HOME

A holiday home investment provides an escape from the hustle and bustle of city life to enjoy the lifestyle benefits these types of properties offer. With the wide variety of leisure destinations throughout the country, buyers are spoilt for choice when it comes to choosing a location in which to purchase a holiday home. Apart from a getaway that the family can enjoy, a leisure property can als...

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HOW TO BUILD A CREDIT HISTORY

HOW TO BUILD A CREDIT HISTORY

Those who aspire to buy a property will require a favourable credit record to improve their chances of bond approval. Although lending criteria has softened marginally since the introduction of the National Credit Act (NCA) six years ago, banks are still strict with their lending policy, and it is likely to remain that way. Just as important as a positive credit score is an established credit hist...

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ARE 30 YEAR BONDS WORTHWHILE?

ARE 30 YEAR BONDS WORTHWHILE?

To lower your monthly bond repayment, you might be considering financing a bond over a period of 30 years. However, before you do, carefully consider the financial impact of the additional interest charged over the longer term loan period. You will pay far less interest if you opt for the more traditional 20-year bond. A 30-year bond can look like an attractive option, especially with the lower...

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ARE YOU FINANCIALLY PREPARED TO OWN A HOME?

ARE YOU FINANCIALLY PREPARED TO OWN A HOME?

Buying your first home is terribly exciting. However, before you can qualify for a home loan, you need to make sure that your financial affairs are in order. Below are a few financial questions that you should answer before approaching your bank for finance: What is my credit score? A favourable credit score and clean credit record is a valuable asset when applying for a home loan. Each...

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BATHROOM BUDGET RENOVATIONS

BATHROOM BUDGET RENOVATIONS

Giving a fresh new look to an outdated bathroom can modernise and add value to a home without costing too much. Renovations and contemporary remodelling of bathrooms are known to boost the marketability of a home and, also, bathrooms and kitchens are the two areas of a home where the cost of the renovation can be largely recouped on the sale of the property. According to statistics on averag...

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BE PREPARED FOR THE UNEXPECTED

BE PREPARED FOR THE UNEXPECTED

Owning a home is a long-term commitment that can span a lifetime. While we all hope for the best, it is likely that at some stage during our lives, a home emergency of some kind will strike, so it is best to be prepared. While impossible to determine when it will happen, home repairs are a certainty homeowners will need to consider and prepare for. Putting aside money each month in a contingency f...

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HAVE YOU GOT IT COVERED?

HAVE YOU GOT IT COVERED?

With the ever increasing cost of living, you may be reassessing your financial situation and looking at ways to save money and cut down on costs. One way that you can save money is by having a look at your current home insurance policies and possibly changing the cover. While insurance is a necessity for homeowners, it does not have to be a financially draining burden. Shop around and see what...

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AVOID THESE REAL ESTATE INVESTMENT MISTAKES

AVOID THESE REAL ESTATE INVESTMENT MISTAKES

Investing in property is much like running any other business, in that it requires research, conscientiousness and an acute attention to detail. As with owning a business, a property investor needs to capitalise on opportunities in the market and more importantly minimise their potential for making costly mistakes. There are certain mistakes that property investors could make that would be more de...

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BE WISE WITH WATER

BE WISE WITH WATER

Water is a vital commodity that we require to survive. Without water, the environment we live in could not survive, so it is imperative that the necessary precautions are taken to ensure that this essential resource is not used carelessly. There are several ways that homeowners or tenants can save water in and around the home, which will bring down monthly water bills and more importantly, redu...

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DEALING WITH BLACKLISTING

DEALING WITH BLACKLISTING

If a prospective homeowner has not kept up to date with their credit bureau reports, they may be in for a surprise when they apply for finance. A large number of potential buyers are referred by their estate agents to attorneys if they have a blacklisting against their name that is preventing them from obtaining a bond. Anyone who has ever applied for credit is listed with the various credit bu...

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ELEMENTS TO LOOK FOR IN ANY NEIGHBOURHOOD

ELEMENTS TO LOOK FOR IN ANY NEIGHBOURHOOD

Packing up and relocating to another city, or for that matter, another country, is a major undertaking, so it is imperative to do the necessary research and weigh up all the options before making the final decision. Whether it is as big a decision as immigrating or moving across the country, there are essential aspects that should be assessed in every prospective neighbourhood to ensure that you w...

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ENSURE YOUR HOME’S VALUE

ENSURE YOUR HOME’S VALUE

According to research most homebuyers only take a few minutes to decide whether or not they like a property. Often there are certain factors that influence buyers’ decisions of a home before they have even walked through the front door. Most experts within the property sector would agree that the reason a home would not be viewed favourably is its location. Aspects such as the property&rs...

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