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4 REASONS TO USE AN AGENT WHEN SELLING YOUR HOUSE

4 REASONS TO USE AN AGENT WHEN SELLING YOUR HOUSE

In an attempt to cut down on costs, some sellers might be contemplating listing their homes without the services of a real estate professional. Although it may seem like a great way to reduce costs and avoid paying an agent’s commission, it also means that the seller will have to do all the work themselves. At first glance, selling a property privately may appear to be an easy process of...

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TIPS TO CREATE A PEACEFUL HOME

TIPS TO CREATE A PEACEFUL HOME

While trivial issues of whether the toilet seat stays up or down will always exist, there are several other more important ways your home could be creating unnecessary tension in your relationships. If you’re looking to purchase a new home, you have the chance to avoid this by being careful about your purchasing decisions. Below are a few tips to help you create a peaceful home. Location,...

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LOAD SHEDDING LIFE HACKS

LOAD SHEDDING LIFE HACKS

The risk of national power interruptions continues to exist. Homeowners should keep a watchful eye on Eskom’s load shedding schedule and follow the power utility’s social media feeds for any announcements so that plans can be made if a blackout has been scheduled for your area. If you happen to spot the announcement in time, here are a few ways to help you prepare for the blackout:...

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HOW TO BUILD A GOOD CREDIT HISTORY

HOW TO BUILD A GOOD CREDIT HISTORY

Those who aspire to buy a property will require a favourable credit record to improve their chances of bond approval. Just as important as a positive credit score, is an established credit history that shows that you can favourably conduct your credit responsibilities. Your credit record will have a bearing on whether your bond is approved, as well as the interest rate at which the bank will finan...

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TIPS TO HAVE YOUR BOND AND TRAVEL TOO

TIPS TO HAVE YOUR BOND AND TRAVEL TOO

If you’re an aspiring homeowner with wanderlust, you may fear to commit to a bond because you plan to see what the rest of the world has to offer. However, having a home loan doesn’t necessarily mean that you must live in the home year-round. Below are several options that are available if you’d like to have your bond and travel too... Make Extra Moola Short-term lett...

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FOREIGN INVESTORS GUIDE TO THE SOUTH AFRICAN PROPERTY MARKET

FOREIGN INVESTORS GUIDE TO THE SOUTH AFRICAN PROPERTY MARKET

Real estate investment for foreigners is relatively uncomplicated in South Africa. Provided you are in the country legally, there are no restrictions for buying and selling property as a non-resident. If non-residents are planning on staying in the country for longer periods of time, they will need to apply for a residence permit and comply with the requirements as set out in the SA Immigration Ac...

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WHAT IS A USUFRUCT AND HOW CAN IT HELP?

WHAT IS A USUFRUCT AND HOW CAN IT HELP?

The definition of a usufruct is a legal right given by an owner to someone who is not the owner, to use the owner’s property for a certain period, usually for the remainder of that person’s life. The person who holds the usufruct, also known as the usufructuary, has the right to make use of the property and enjoy its profits and benefits provided the property is not damaged or alt...

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ADVICE FOR SHARING A MULTI-GENERATIONAL HOME

ADVICE FOR SHARING A MULTI-GENERATIONAL HOME

Multi-generational house-sharing is the norm within most South African households. It is said that approximately one in two 18-34-year-olds live at home with parents. Most seniors also do not have enough saved in their pension to afford living on their own. As cost-effective as it may be, sharing a space with various generations can disrupt the feng shui in your home. But, house-sharing isn&rsq...

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CONSIDER YOUR NEIGHBOURS WHEN RENOVATING YOUR HOME

CONSIDER YOUR NEIGHBOURS WHEN RENOVATING YOUR HOME

We all want to live in peace, which is why it’s in your best interests as a homeowner to acknowledge your neighbours and contribute towards a happy and peaceful suburb that encourages current and potential homeowners to set roots in the area. While purchasing a property gives you the rights to do what you like to the place (within the limits of HOA or Body Corporate and municipal regulati...

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THE PROS & CONS OF STUDENT RENTALS

THE PROS & CONS OF STUDENT RENTALS

If thinking back to your student days doesn’t make you even just somewhat apprehensive to invest in student accommodation as a means of rental income, then you must not have lived away from home as a student… Why student housing is appealing 1. Higher Returns Student rentals are often rented out per room, which can result in a higher rental return for the landlord. Since students...

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WHAT HAPPENS TO YOUR RENTAL DEPOSIT?

WHAT HAPPENS TO YOUR RENTAL DEPOSIT?

Most landlords request a deposit from their tenants before they move into the property. According to Section 5 of the Rental Housing Act, No. 50 of 1999, a landlord is legally entitled to request a deposit from their tenants. How much should you expect to pay? The amount that the tenant will be required to pay as a deposit is stipulated in the lease agreement. Conventionally the rental de...

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WHY PROPERTY TRANSFERS TAKE LONGER OVER DECEMBER

WHY PROPERTY TRANSFERS TAKE LONGER OVER DECEMBER

If you have purchased property near the end of the year, you might have a slightly longer wait ahead before the property will be transferred into your name. As with most other businesses, the various Deed’s Offices across the country close over December, most of which close around the 21st and re-open around the 2nd of January. This means that the standard eight to ten working day waiting...

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