Edition 33 of 2004, Friday 3 September 2004
Our team is back! The price of petrol has gone up! And we had our first SPRING day! What a versatile country we have in South Africa.
Real Estate agents in Greece are excited about a new business prospect - with the Olympic games coming to an end it is not clear what the future holds in store for all the Olympic venues that was erected. Large sums have been spent on the construction of the venues but no economic viability studies were drawn up for them.
"If we confine the venues to their Olympic sporting use, they would bleed financially; if we turn them into supermarkets, they would lose their immaterial brand value," said the assistant professor at the London School of Economics who took a two-year leave from his teaching job to solve Greece's post-Olympic conundrum. Real estate agents might be excited by the new business prospects but also fear that an oversupply of office space as well as conference and concert halls could lead the Athens property market to collapse.
May all of this be a lesson for South Africa when planning for the Soccer World Cup of 2010 and who knows, the Olympics of 2012.
Tranquil, Jacaranda-lined streets makes it difficult to realize that this is one of the most heavily mined areas in the world. Also a major agricultural centre and not far from the world-renowned Sun City resort - Rustenburg, North West Province, South Africa the favorite getaway for Gauteng residents!
With Spring in the air what stop us from bringing out the braaivleis. Then again, winter, rain, hail, nothing stops South Africans from having a braai. The braaivleis is a uniquely South African phenomenon. Unless they are very lucky or have a valid excuse such as vegetarianism, the first-time visitor to South Africa will almost certainly be subjected to the ritualistic cremation of dead animals fondly known as the "braaivleis". Read more in Have Fun.
|>> Real Estate in South Africa|
No 'quick buck' in property
The old adage in financial markets is buy at the bottom and sell at the top and in an ideal world, thats the way to riches. But its a moot point whether even the most shrewd investors get it right all the time, for the other adage is for everyone who makes a profit there has to be someone who makes a loss.
Be that as it may, the property market is seemingly coming slightly off
the boil. According to ABSA, month-on-month house price increases have
slowed since January, suggesting that the market is losing some growth
momentum. This begs the question of whether buyers should wait for a possible
|>> Concrete dream house for sale|
London - It could best be described as compact, but how many other potential homes are impervious to machine gun fire?
In one of the more unusual property sales seen for some time, a World
War II pillbox on a picturesque island in southwest England is being auctioned
for use as a home, reports said on Friday...
|>> Changing the face of seaside property|
Developers want black buyers to stake first claim
DEVELOPERS of a luxury residential estate on KwaZulu-Natal's North Coast have given preference to black buyers to guarantee them a slice of the lucrative property pie.
Of the developer's 10 upmarket residential developments established in the last decade, the new R55-million Izinga Ridge in Umhlanga will boast the highest number of black owners.
Now the company, Moreland, which sold 26 sites in an unusual bid process
that openly favoured black buyers, plans to repeat the exercise in future
|>> Learn more about Real Estate - Ownership|
Question: Is it true you never really stop fixing up a home?
Answer: From the day you move in to the day you sell your home,
there will always be something that will need to be repaired or remodeled.
You may want to undertake some changes simply to elevate your comfort
level - like installing central air conditioning - or spruce up the home's
aesthetics, such as adding a few stained-glass windows. But other work
will need to be done to maintain the property and minimize problems later
on. For example, replacing a hazardous roof, fixing broken windows, and
repairing leaky pipes. These are all necessities. Left undone, they can
lead to major problems and damages within the home. If you decide one
day to sell, other improvements will likely be made to increase the home's
value and appeal to potential buyers.
Answer: From the very beginning, get in the habit of taking an inventory at least once every year of every nook and cranny of your home to check for potential problems. Examine the roof, foundation, plumbing, electrical wiring - basically everything. Try to fix trouble spots as soon as you uncover them. This proactive approach will help you avoid larger expenses later on, so leave no stone unturned when taking your inventory.
Question: How much, on average, can I expect to spend on maintenance?
Answer: Expect to spend one percent of the purchase price of your home every year to handle a myriad of tasks, including painting, tree trimming, repairing gutters, caulking windows, and routine system repairs and maintenance. An older home will usually require more maintenance, although a lot will depend on how well it has been maintained over the years.
Tell yourself that the upkeep of your home is mandatory, and budget accordingly. Otherwise, your home's value will suffer if you allow it to fall into a state of disrepair. Remember, there is usually a direct link between a property's condition and its market value: The better its condition, the more a buyer will likely pay for it down the road.
Also, adopt the attitude that the cost of good home maintenance is usually minor compared to what it will cost to remedy a situation that you allowed to get out of hand. For example, unclogging and sealing gutters may cost a few hundred dollars. But repairing damage to a corner of your home where gutters have leaked can potentially cost several thousands dollars.
|>> Focus on Rustenburg, North West, South Africa|
"The Rustenburg Districts' relates to the magisterial districts of Madikwe, Mankwe, Bafokeng, Rustenburg, Koster and Swartruggens, situated in the North West Province.
Given the natural bushveld vegetation that covers the entire area and with the added attraction of the Magliesberg mountain range, this region has much to offer the ecotourists. It is a national game area with a number of fine game parks where it is still possible to capture the solitude and stillness associated with nature and the animal kingdom.
|>> Property of the week|
Search for property in your area
|>> Is your home under-insured?|
The rise in property values over the last four years may mean your home is significantly underinsured In the event of a major catastrophe, a fire, earthquake or any other major "peril", you could find yourself severely out of pocket warns Vic Field of By Design, the short-term arm of broker Glenrand MIB.
|>> Have fun!!|
The evolution of 'braaivleis man'
DAVID BULLARD discovers that food cooked al fresco need not have the consistency of the sole of a hiking boot
UNLESS they are very lucky or have a valid excuse such as vegetarianism, the first-time visitor to South Africa will almost certainly be subjected to the ritualistic cremation of dead animals fondly known as the "braaivleis".
Not to be confused with the Aussie "barbie" or the more British or American Bar-B-Q, the braaivleis is a uniquely South African phenomenon...
|>> Be in the frontline|
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