Tammy Hanekom - Property.CoZa

13/01/2015

WILL YOU BUY PROPERTY IN 2015?

It's a new year filled with promise and hope of good things on the way, and many South Africans will be considering their options when it comes to buying property in 2015.

The old adages, "now is the time to buy" or "get on the property ladder before it's too late", may have some truth - but in the end it's a personal decision - the right time is when you are ready to make the big commitment to an exciting new future.

What will it be for you? A starter pad, investment property or your dream home? Or do you prefer to rent and wait for now? Tell us where you're at as we enter 2015...

COMMENT ON THIS POST AND PERHAPS I CAN ASSIST WITH MAKING YOUR DREAM HOME COME TRUE...

07/01/2015

WELCOME TO 2015!!! Wishing you all the best year ever.

11/12/2014

ALL ABOUT PROPERTY.COZA...

Take everything you thought you knew about the property industry, and throw it out of the proverbial bay window. We'd like to introduce you to a real estate company that's rewriting industry rules, building client relationships on integrity, trust and professionalism.

READ MORE...
http://www.property24.com/estate-agents/propertycoza/g27

03/12/2014

DID THE PROPERTY BUBBLE EVER BURST??

The past ten years in the South African residential property sector have been a "rollercoaster ride".

READ MORE...
http://www.property24.com/articles/did-the-property-bubble-ever-burst/21098?utm_source=newsletter&utm_medium=email&utm_campaign=agent_newsletter

While no major booms or sharp crashes are expected in the next 10 years, change is the only certainty. Here's an SA property market overview...

17/11/2014

TIPS TO SAVE MONEY THIS FESTIVE SEASON...

With Christmas fast approaching, most people are starting to get itchy fingers about all the money that is going to be leaving their piggy bank.
With Christmas fast approaching, people are starting to get itchy fingers about all the money that is going to be leaving their piggy bank.

Every year I try to take advantage of specials that I see and make purchases long beforehand to make the silly season a little less financially draining, but the truth is that it’s never enough...

The festive season can make it feel as though a magician has taken residence in your wallet and money just vanishes.

Here are some tips to save your piggy bank this year and enjoy a more relaxed festive season:

READ MORE...
http://www.property24.com/articles/tips-to-save-money-this-festive-season/20953

With Christmas fast approaching, here are some tips to save your piggy bank this year and enjoy a more relaxed festive season...

13/11/2014

RIGHT PRICE = SPEEDY SALE

Reams have been written about the importance of correctly pricing a home, but unfortunately there are still thousands of overpriced homes on the market. Although there are countless reasons why a property won't sell, most of the time, it’s due to the fact that buyers are not willing to spend any more than they absolutely have to on a property and disregard what they believe are overpriced homes.

It is understandable that owners may be at a loss as to how much the home is worth and will take the advice from estate agents, particularly if the agent who is intent on securing a sole mandate values the home way in excess of what the owner thought it was worth. On the other hand, there are sellers who refuse to listen to an estate agents’ advice and insist that the home be marketed way above its value.

Read More...
http://www.privateproperty.co.za/news/editors-choice/nice-price-speedy-sale.htm?id=2615

10/11/2014

11 THINGS NEW HOME-OWNERS NEED TO KNOW...

For those who believe in absolute home comfort, here is a list of 11 things you must know before moving into a new home.

Moving into a new home is exciting because we imagine how comfortable we’ll make it look and feel. There is also the mystery of corners we are yet to discover and explore. The only surprises we should prepare ourselves for are those pleasant ones that make us appreciate the choice we’ve made.

1. New homeowners should familiarise themselves with the neighbourhood – that is, other properties that are close by that may pose a risk, including vacant stands and tall buildings that may have a view into their property. This will allow you to take precautionary measures or at least plan for any eventuality.

READ MORE...
http://pme.us8.list-manage1.com/track/click?u=bbd545c6910f936af0197a293&id=3441f6466a&e=965d4026cc

04/11/2014

Hi Everyone,

So it looks like we are in for some Loadshedding...
Here is the time schedule by suburb for 1 November - 14 November.

27/10/2014

PROPERTY VALUE VS MARKETABILITY

When selling a property, there are many things that can be done to maximise the selling price.

First off, a distinction needs to be made between value and marketability.
Value is how much the property is worth taking into account the type of accommodation it offers, the physical attributes, i.e. number of bedrooms, state of the kitchen, size, etc. While marketability is the readiness of the property to be sold. This speaks to the attractiveness of the property at the time.
Value...

The value of your property is to a large extent determined by supply, demand and personal preferences. While renovations and alterations can change the accommodation, this does not necessarily translate into an increase in the value of the property.

If you are renovating with the view of selling, you should pay careful consideration to what the market is willing to pay for the property on completion, and if the renovations or alterations are worthwhile.

As an example; installing a new kitchen will typically not increase the value of the property equivalent to the cost. Improving the property beyond the norm for the area could potentially limit the saleability as buyers generally are reluctant to pay more than a specific amount in the area. This is commonly referred to as over capitalisation.
Marketability...

Marketability is how ready the property is to sell. If the marketability is improved, you are likely to attract more buyers and get a slightly higher price. If the property is clean and neat potential buyers are more likely to find it appealing. A well-maintained and laid out garden can increase the marketability of a property, but would typically not increase the value by much. Many properties are only listed in spring when gardens look at their best. A coat of paint would in most circumstances not increase the value of the property; however it may influence the marketability despite the physical attributes remaining the same.

It is advisable to keep the house furnished, but not cluttered when showing the property. An empty house can make it very difficult for a potential buyer to estimate the size or visualise living in the property. Good estate agents will give advice and guidance on decorating to make the property more attractive for show days.

Paying attention to both the value and marketability of the property could make a substantial difference in maximising your selling price.

06/10/2014

BACK ON THE MARKET!!!! AN EXCELLENT BUY!!!

INYATI LODGE, ALLENS NEK
R550 000.00

2 BEDROOM TOWNHOUSE IN SECURE COMPLEX

A cosy and light 2 bedroom, 1 bathroom townhouse with tiled lounge, kitchen. Unit has pet-friendly private garden, courtyard and carport.

Complex offers 24hr security and swimming pool.

27/08/2014

HOME BUYING - MISTAKES TO AVOID

When there’s a shortage of well-priced housing stock as there is in South Africa now, buyers have to learn to deal with more competition for those homes.

The most common mistakes that buyers in a competitive market make is to go into that market without enough cash.
This is according to Shaun Rademeyer, CEO of BetterBond Home Loans, who says for several years after the 2009 recession there were more homes for sale than buyers, and buyers got used to being able to pick and choose between several options, and taking their time over buying decisions.

He says however, historically low interest rates and steadily rising demand have absorbed just about all the excess stock and, with developers having been so cautious about bringing new projects to market for the past few years, a clear shortage of homes for sale has now arisen in many popular areas. And the result is that an increasing number of buyers are finding themselves in the unfamiliar position of having to compete with other prospective buyers for the properties they want, he explains. Read More...

14/08/2014

What are the pros and cons of buying a property for the sole purpose of letting it out?

Property is one of the most stable, secure medium- to long-term asset classes available.

Buying to let is a great investment move and has enabled many savvy investors to grow sizeable property portfolios over time.

The key is to maximise returns and to gear the property correctly for tax purposes.

In order to qualify for a R7 000 per month bond, you will need to show income of R21 000 per month.

Ideally, you should secure a tenant at a return of around 6% per year. This translates as follows:

The purchase price of the property must be R1m or less to keep acquisition costs down to a maximum of R25 000.

You should be able to let the property for between R5 000 and R6 000 per month, depending on location, parking and number of bedrooms.

Ideally, aim to buy a two-bedroomed apartment with secure parking. Your bond repayments will vary depending on the bond term:

Assuming you don't pay a deposit and obtain a 100% loan for the full purchase price of R1m, over 20 years your monthly instalments will be R9 158.67.

Your tenant will pay R6 000 and you will cover the shortfall of R3 158.67.

If you choose a 10-year bond, your monthly payment will be R12 803. This may be the ideal vehicle for you, as your tenant will pay R6 000 and you will pay the shortfall of R6 803.

If you can add a little extra every month, you will more than likely bring the term down to the desired period of seven years.

In the meantime you have a tax saving because your costs on the property are higher than your income on the property, so you win all round.

Just watch your monthly rates and ensure that these are manageable, as rates are payable by the landlord and utilities are payable by the tenant.

Wihtout question, the sooner you get into the property market the better.

Not only will the returns and gearing work, but in addition, you may be able to maximise your investment by doing a small renovation.

This will result in two positive outcomes, namely higher monthly rental as well as bigger capital gain in the long term.

In my view, there is simply no better investment than property.

- Fin24