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Understanding hidden home ownership costs before buying your first home
Market & Opinion
Understanding hidden home ownership costs before buying your first home
11 Nov 2024
Before buying your first home, it’s essential to budget for hidden costs beyond the bond repayment. Common expenses include utility fees, municipal rates and taxes, homeowner’s insurance, and ongoing maintenance. Planning for these costs can help first-time buyers in South Africa manage their finances more effectively and avoid unexpected expenses.
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Moving in before transfer: The pros, cons, and legal considerations
Market & Opinion
Moving in before transfer: The pros, cons, and legal considerations
24 Oct 2024
When purchasing a property, you typically can only move in once the transfer is registered at the Deeds Office. However, early occupation—moving in before the registration—may be possible in certain cases.
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What you need to know about downsizing as a homeowner
Market & Opinion
What you need to know about downsizing as a homeowner
03 Oct 2024
Downsizing can be a smart, rewarding choice, particularly for homeowners looking to simplify their lives, cut expenses, or adjust to changing circumstances. Whether driven by lifestyle changes, financial motivations, or a need for less space, making the decision to downsize is personal and requires careful thought. Here are some key factors to consider when thinking about downsizing.
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Financial planning for renters: How much should you really spend on rent?
Market & Opinion
Financial planning for renters: How much should you really spend on rent?
11 Jul 2024
When looking for properties to rent, most tenants determine their budget based on the maximum amount they can afford. This can be a risky way to determine affordability and could lead to tarnishing your credit score by a missed or partial payment.
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