Avoid Overcapitalising when Renovating Your Home

What is Overcapitalising? Overcapitalising effectively means to “improve” your house beyond a point of it’s market value. When extending or renovating your property, you need to ensure that you are able to recover the money spent, when you resell your property. Get a valuation from at least 2 or 3 different estate agents before you […]

Appointing an Estate Agent to Sell Your Property

Introduction When buying or selling property, there is no doubt that you will need professional assistance to conclude a successful deal. As in most industries, there are good and poor professionals… in the property industry too. The majority, however, are reputable professionals who aim to do the best job possible. Whilst the seller is technically […]

Building Professional Advice and Services

Intro You need expert advice when building a home. It is worth paying for a professional now, as this may save you a substantial amount later. Make sure you consult with reputable architects, quantity surveyors, development consultants, building contractors, plumbers, electricians, and so on. Quantity Surveyors A quantity surveyor is a professional who specialises in […]

What is ABC For Life?

What we stand for Every good action creates another… This was the belief that ABC for Life was founded on when one concerned individual took an interest the education of one teenage boy. Today, ABC for Life reaches more than 300 students at Sentinel School in Hangberg, Hout Bay and is part of the umbrella […]

Understanding a Usufruct

Define A Usufruct is a legal right which someone, who is not the owner, is given to use and enjoy the profits and advantages of something belonging to another as long as the asset (property) is not damaged or altered in any way, for a certain period of time. At the end of this period, […]

Valuations and Deciding on a Selling Price

Introduction You need the services of a professional valuer to provide you with a valuation of your property. This is an estimate or opinion of the value of your home. By law, valuers need to be registered with the South African Council for the Property Valuation Profession. An estate agent, who is a registered valuer, […]

Home Loan Charges and Repayments

Home Loan Charges Your bank is a business which, while providing you with finance to purchase a home, also needs to generate an income to cover its overheads and be a profitable institution. This is why you pay bank charges on, for example your current account or savings account. The same applies to your home […]

The ‘CPAs’ Cooling-off Period – Explained!

Define An Offer to Purchase becomes a legal and binding Sale Agreement between a buyer and a seller, the very instant that the seller signs the contract (generally the buyer would have already signed it before the offer was presented to the seller). Therefore it is imperative that you are 100% sure that the offer […]

Questions You Must Ask Your Attorney

To whom do I pay my deposit? Depending upon what is stipulated in your sale agreement, your deposit is either paid to the estate agency involved or to the Conveyancing attorneys attending to the transfer. Both these professionals should have trust accounts in which your money is held safely. Always ensure that you receive the […]

Points to Consider Before You Start Building!

Rights and Obligations of the Usufructuary • Establish from various builders, what the average building rate is per m². This will be depend on the finished that you choose. A builder cannot give you an exact price per m² without the plans, because a square structure will cost less per m², than a complex shape, […]