Four things top estates do to increase property and rental values
Few properties in South Africa can compete with the excellent price and rental growth experienced by top security estates. According to Schalk van der Merwe, franchisee of the Rawson Properties Helderberg Group, the techniques used to achieve this phenomenal growth are actually surprisingly simple.
Van der Merwe provides four of the most common ones you’ll find in South Africa’s leading housing estates:
1. Picking a uniform colour palette
Not everyone has the same style and taste when it comes to colour choices, which is why all the best security and cluster developments have strict colour palette guidelines.
Brexit: What it means for international property investors
Two years after the UK government invoked Article 50 and began Brexit negotiations, it was announced recently that United Kingdom and European Union officials have agreed on the draft text of a Brexit agreement.
According to George Radford, head of Africa for IP Global, the impact of this latest development, and the Brexit negotiations overall, on investors and the market appear overstated and opportunities remain abundant. Investors have shown in the past two years that the UK’s stability and familiarity continue to be appealing.
As an illustration of this, is property prices in the UK’s key cities have gone up by 3.9% year-on-year and secure investment opportunities do not appear to be diminishing, says Radford.
Homeowners: 5 money-savvy ‘property resolutions’ for 2019
It’s that time of year when, whether you love it or hate it, conversation around the braai invariably turns to resolutions and what yours are for the next year.
Losing weight and going on more adventures is your prerogative, but, according to Leapfrog, they have some suggestions for property resolutions that are definitely worth making, and are fairly easy to stick to. What’s more, they’re the kind of things that your future (financially independent) self will certainly high-five you for.
Here are Leapfrog’s top five property resolutions for 2019:
1. Pay more than the minimum into your bond
Strictly speaking, a property only really becomes an asset when it is paid off. Just because the bank has given you a 20-year bond, or even over 25 years, doesn’t mean you should take 20 years to pay off your property.
Should you invest in ‘new’ or ‘second-hand’ property?
Buyers looking to invest in residential property will be faced with the decision of investing in a newly developed property or buying second-hand. Understanding the pros and cons between the two allows you to make a more informed decision.
Buying a new property
“Buying an investment property straight from the developer has significant financial advantages,” says Pieter Piek of Just Property Invest.
You will avoid paying any transfer duty on the property, and transaction costs are paid for by the developer. VAT will typically be included in the price, and there will be a lower deposit required initially, with the remainder being due upon completion, says Piek.
You will also be buying a brand new property that comes with guarantees on all fittings from between three to nine months. The National Home Builders Registration Council (NHBRC) will also cover the structure for five years. This means that you will have warranty protection against defects in new homes, among other benefits.