Property expert Adrian Goslett argued that calculating your home’s potential to generate a profit will provide a clear picture of how well a property is performing as an investment. The Regional Director and CEO of RE/MAX said that knowing this information will also help you decide whether to keep your property, sell or upgrade it. The expert said that conducting a return on investment...
When you are selling your home, it is vital that you make a great first impression on potential buyers and by knowing what grabs their attention, you prioritise repairs or upgrades that might appeal to them as well as avoid wasting money on changes they do not care about.This is according to Claude McKirby, co-principal, Lew Geffen Sotheby’s International Realty in Cape Town’s Southern Suburb."When...
The buy-to-let strategy has faced headwinds in South Africa, with rising interest rates, economic pressures, and escalating property prices making it harder for investors to ensure rental income covers costs, according to Odette Maartens, head of rentals at DG Properties. Despite these challenges, Maartens says Cape Town and the Western Cape remain strongholds for buy-to-let opportunities, thanks...
Considering your retirement planning options while your new-year good intentions are still intact can put you in a good position, according to Linda Kleynscheldt: head of Actuarial and Product, PSG Wealth. A tax-free savings account (TFSA) and retirement annuity (RA) are two options that are available to people, but you need decide if either (or indeed both) of these products might be right for...
What if we told you that you could save over R480,000 in interest repayments to the bank on a R1.4 million house or apartment if you paid just R1,000 more than your required instalment over 20 year repayment plan. Of course, despite the 25 basis points interest rate cut, many South Africans - including high income earners - are currently cash-strapped and in debt, but an additional R1,000 and...
Refinancing a home is seen as a last resort for many, but the recent succession of interest rate hikes and the rising cost of living has left many consumers in search of financial relief. Here’s what you need to know about the process. In a case where you wish to refinance your home, you’ll apply for a new bond on the same property based on its current value rather than its valuation at...
Purchasing property in South Africa is a significant milestone and one of the largest financial commitments that many South Africans will make. For first-time buyers, the process can be daunting, especially when navigating an unfamiliar market with fluctuating interest rates and economic uncertainties. Taking a proactive and informed approach is crucial to securing a sound investment and avoiding common...
About 70% of working South Africans have medical cover of some sort, this is according to infoQuest, a South African online research company. This information is contained in infoQuest’s latest research on the healthcare system in South Africa. The data showed that the incidence of having medical cover is significantly higher amongst males than females. The report revealed that access to quality...
Investing for an income is what you do, for example, when buying a life annuity with your retirement savings. You aren’t investing for some long-term accumulation goal; you are putting your money in an investment that will hopefully give you a sustainable return from which you can withdraw at regular intervals for your day-to-day living expenses. Your income from this investment needs to increase each...
Choosing the perfect rental property is an important decision for those seeking to rent a home, as it affects their lifestyle and financial well-being. With a varied selection of possibilities accessible, learning how to choose the most appropriate property is vital. “Finding the right rental property can enhance your quality of life and provide peace of mind in your living situation,” said...
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