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Property News - 1 September 2016

FROM THE EDITOR

Rawson Property Group Managing Director, Tony Clarke, believes that it’s a myth that you need to be rich and have a mountain of cash in hand before you can become a buy-to-let property investor. In You don’t have to be Midas to invest in rental property he shares some advice with us on how to become a property investor.

In Maintaining a new home Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, says that a part from the financial commitment that comes with owning a home, there are also some other necessary home maintenance responsibilities that need to be addressed on a regular basis. He provides new homeowners with some areas in the home that will need to be checked and maintained regularly.

Cape Town estate agent Andre de Villiers said he was shocked to hear of a sale recently, where elderly sellers had accepted a "rather modest offer" directly from a private buyer, a property developer, where it can only be concluded that the seller was probably unaware of the property's valuable GR4 zoning. Read more in Know your zoning (or lose your boodle…)

New sectional titles act rules are likely to be announced towards the end of the year with implementation early in 2017. While the rules for the new sectional titles act have not yet been announced it seems that running a body corporate it going to be more complicated and probably therefore more costly. Read more in New sectional titles act will make management far more complicated

Enjoy!
The editor



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9 Bedroom house for Sale in Silver Lakes Golf Estate
9 Bedroom House for Sale in
Silver Lakes Golf Estate

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In the News this week


You don’t have to be Midas to invest in rental property

You don’t have to be Midas to invest in rental property
It’s a myth that you need to be rich and have a mountain of cash in hand before you can become a buy-to-let property investor...
You don’t have to be Midas to invest in rental property

Maintaining a new home

Maintaining a new home
Buying a home is an incredible milestone to achieve and an exciting time for many first-time buyers. However, there are several new responsibilities that come with the title homeowner, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa...
Maintaining a new home

How to de-stress your down-size

How to de-stress your down-size
Moving house is notorious for being one of the most stressful experiences in life, and moving to a smaller home - or downsizing - can be even more challenging, because it usually means parting with many items that were carefully chosen to furnish and decorate your existing home and have a lot of sentimental value...
How to de-stress your down-size

Rent-to-own: a different way to buy property

Rent-to-own: a different way to buy property
In certain market conditions, when banks are tight on credit, the knock-on effect this has on property affordability can see many buyers unable to purchase a home in the traditional way.
Rent-to-own: a different way to buy property

Guidelines on whether to buy a sectional title unit or a cluster

Guidelines on whether to buy a sectional title unit or a cluster
The Sectional Titles Act came into law in 1986 which provided for an improved form of title for apartments. Sectional title ownership means that you own your unit (or section) and that you have ownership of an undivided share of the land and common property of the complex...
Guidelines on whether to buy a sectional title unit or a cluster

New sectional titles act will make management far more complicated

New sectional titles act will make management far more complicated
While the rules for the new sectional titles act have not yet been announced it seems that running a body corporate it going to be more complicated and probably therefore more costly...
New sectional titles act will make management far more complicated

Levy payments in ST schemes

Levy payments in ST schemes
Owners of units in sectional title schemes might think their levy account payment is only due by the 7th of each month, but the plain truth is payments of levy accounts are due on the 1st day of each month, payable in advance as resolved by the trustees...
Levy payments in ST schemes
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Cape-Town - Know your zoning (or lose your boodle…)

Cape-Town - Know your zoning (or lose your boodle…)
Sellers could be losing 30% or more of the value of their property when they sell, by simply not being aware of the development potential of their property due to their zoning.
Cape-Town - Know your zoning (or lose your boodle…)

Magnificent views in the North of South Africa

Magnificent views in the North of South Africa
South Africa overall is popularly known for the great natural attributes like the bushveld, sun, wildlife and diverse cultures it has to offer...
Magnificent views in the North of South Africa
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"This is not advice. Clients should not act solely on the basis of the material contained in this newsletter. Items herein are general comments only and do not convey advice per se. Also changes in legislation may occur quickly. We therefore recommend that formal advice be sought before acting in any of these areas."

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