Investing in property is usually the biggest financial commitment that any individual will make. Increasingly, people are looking to purchase a home with a friend, sibling or partner to halve the costs and increase the likelihood of bond approval. But as with any other big commitment, this is not a decision that should be taken lightly.
Homeowners can reduce the term of their homeloan and the total that they pay in with careful budgeting and clever tricks.
The proposed Gauteng Freeway Improvement Project tolls will have significant impact on where buyers will choose to purchase property in future, according to a survey conducted by ooba, South Africa's leading bond originator.
If you're thinking about doing a renovation, decide what you need to do, then use research and common sense to work out the best way to go about it.
Steadily growing house prices and the fact that banks are looking more favourably on first-time buyers make it a good time to get a foothold on the property ladder. However, while conditions are improving, it's still important for first-time buyers to get all their ducks in a row before making an offer.
Residential property developments seem to be increasingly attractive to South African property buyers.
The South African property market currently favours buyers, with improved affordability and low interest rates providing potential home owners with the perfect opportunity to start climbing the real estate ladder, especially young adults looking to make their first purchase.
Given that the average house price in South Africa is approximately R800 000 and that most people take out a hefty bond to finance their home, home owners would be well advised to prevent additional property-related expenses by avoiding simple oversights.
Employees fortunate enough to receive a bonus this December should consider putting a portion of their '13th cheques' towards paying off their home loans, before indulging in festive season spending.
First impressions are always important, whether it be for a job interview or a meeting with your future in-laws. The same applies for showing your property to potential buyers. When putting your house on show, it is important to highlight your home's best features to ensure that the best aspects of the property stand out.
According to a recent poll conducted by ooba, South Africa's leading bond originator, three quarters of South African consumers are unaware of their credit profile. The poll revealed that 69% of respondents do not know their credit status.