RESIDENTIAL LET TING COMMERCIAL A BLACK INC MEDIA PUBLICATION
Year End Message As we reach the end of another successful year, we wish to thank all our Advertisers and Readers for your wonderful support and contribution towards the growth and success of the KZN Property Pages. It is with much pride that you have helped us reach our milestone 200th Edition and our fourth anniversary. Focusing on the property market, here’s hoping that with all the downsides we’ve been experiencing in the course of 2019 and ending of the year with the latest round of load shedding, let’s hope that 2020 comes with some positive signs. One of the factors that could prove a boost for South Africa’s economy and ultimately even provide positives for the property market is tourism. With South Africa now in the limelight with us bringing home the Rugby World Cup, as well as other sporting highlights and not to mention our Miss South Africa grabbing the title of Miss Universe, South Africa continues to make us proud, encouraging visitors to our shores and hopefully aiding in strengthening the economy in the new year. This has to mean better things for the property market. We look forward to 2020 as we embrace change and all the upcoming challenges the New Year holds, always striving for customer service at its best.
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First Time Buyers
opt for higher-priced homes as deposit requirements drop Competition among the banks for new home loan business is not only making it easier for first-time buyers to obtain finance but encouraging them to buy more expensive properties.
by the competition among banks for new home loan business and their greater willingness to grant low-deposit and full-price loans.” The latest BetterBond statistics show that the percentage of home loans that are granted to first-time buyers has risen from around 30% at the end of 2017 to 39% currently.
They also show that over the past 12 months, the average deposits paid in the It has also resulted in the number of home R500 000-R1m and R1m-R1,5m home price loan approvals showing a 17,2% increase over the past 12 months, and the number categories most favoured by first-time buyers have fallen from 7,29% to 6,49% of of bonds being granted rising 20,3% to the purchase price, and 2,98% to 2,63% of their highest levels in more than 10 years. So says Carl Coetzee, CEO of BetterBond, the purchase price respectively. who notes that while home prices overall have only risen by an average of 1,9% in the In addition, Coetzee notes, there has been a significant increase in the number of bonds past 12 months, those in the first-time being granted for the full purchase price of buyer sector have risen by an average of the property, with most of these 6,4%. no-deposit loans going to first-time buyers for the purchase of affordable homes. “As a result, the average price paid by first-time buyers in the 12 months to “In the past year, some banks have also end-October - R982 000 - was just R188 re-introduced home loans that cover the 000 less than the average price for the price of the property plus the additional market as a whole during this period, costs of purchase such as bond registration, which was R1,17m.” transfer and legal fees, and this has further This differential, he notes, has in fact been opened up the market for first-time buyers, who typically have difficulty accumulating declining steadily since 2017, when it was sufficient cash to cover these costs. R251 000, and the trend is partly due to SA’s rapid rate of new household “However, while such loans do make it formation, urbanization and the easier to achieve home ownership, we continuous expansion of the pool of always encourage buyers to pay a deposit potential buyers. and borrow less than the price of their home when possible, because this will lower “But while that growth is behind rising demand and the fact that first-time buyers their monthly home loan repayments and now persistently account for over 50% of save them a significant all new home loan applications, their increasing ability to actually achieve home Source: My Property ownership has really been made possible 2
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206 14 December 2019 We’ll be back with Issue 207 on 18 January 2019! Happy Holidays!
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Country living for all St John’s Village is a prestigious, multi-generational estate set across 160 hectares of lush countryside land, within Howick, a sought-after KZN Midlands address.
FAMILY LIVING THE VINEYARDS Residential land from R480 000 (including VAT) Ready-built homes from R2.7 million THE WETLANDS Residential land from R606 000 (including VAT) Ready-built homes from R3.2 million THE MEADOWS Vacant Land from R575 000 (including VAT)
St John’s Medical Care Centre construction is set to commence early 2020. Assisted living cottages now under construction. THE ORCHARDS 2-bed, 2-bath units for R2.325 million (including VAT) 3-bed, 2-bath units from R2.525 million (including VAT) THE ARBORETUM Ready-built homes from R2.15 million (plus transfer duty)
DIRECT ACCESS TO SHOPPING CENTRE
082 547 8798
ON SHOW SUNDAY
ON SHOW SUNDAY
R 1 450 000 HILTON
4 Beds | 3 Baths | 1 Dining | 2 Lounges | 2 Garages
This stunning double storey home in Worlds View is perfect for family living. The large flat garden is an ideal playground for younger members of the family. The home consists of 4 spacious bedrooms, a downstairs lounge with a pleasant wood fireplace, a kitchen, a laundry and two garages. The master bedroom has an en-suite and the second bedroom and bathroom can be found down the passage. Upstairs there is a large landing with lounge suite, two bedrooms and a separate bathroom
Directions : Follow the boards from Crossways into Celtis Road. ON SHOW SUNDAY 2:30 - 4:30 | Web:KHT36786 Evan van der Meijden C 081 284 9768 | T 033 343 3345 E firstname.lastname@example.org@
This immaculate, low maintenance and beautifully kept home has been superbly maintained, and is in a superb position. Set on a level piece of land, the entertainment area, with built in braai facilities opens to the established garden, and is North Facing. There are many extras – a caravan port, 2 x 5000l Jojo tanks a hobbies room. Call now to make an appointment to view. VIEW BY APPOINTMENT | Web:KHT36922 Barbara Rogers C 082 802 5956 | T 033 343 3345 E email@example.com
R 1 595 000 ATHLONE
4 Beds | 3 Baths | 1 Dining | 2 Lounges | 4 Garages
Great views in a quiet location and nothing to do but move in. A 5 star kitchen and upgraded bathrooms. Extra large garaging and the possibility of a flat. Directions : Follow the boards from Crossways Country Inn to Panorama Road. ON SHOW SUNDAY 2:30-4:30 | Web:KHT36623 Brian Wilkes C 082 417 6166 | T 033 343 3345 E firstname.lastname@example.org
R 1 890 000 MONTROSE
3 Beds | 2 Baths | 1 Lounge | 1 Dining | 2 Garages | C/Port
ON SHOW SUNDAY
ON SHOW SUNDAY
R 1 250 000
4 Beds | 2 Baths | 1 Dining | 2 Lounges | 3 Garages | Pool
Solidly built and in need of a face lift this well positioned house is offering 4 bedrooms, 2 bathrooms and a large sun room/family room which overlooks the front lawn and peaceful views. Directions : Follow the boards from Townbush and Montgomery drive intersection. ON SHOW SUNDAY 2:30-4:30 | Web:KHT36924 Michelle Byres C 072 120 6160 | T 033 343 3345 E email@example.com
R 2 195 000 HILTON GEM
ON SHOW SUNDAY 2:30-4:30 | Web: KHT36869 Glenn Titmus C 072 686 1412 | T 033 343 3345 E firstname.lastname@example.org
R 1 995 000
3 Beds | 2 Baths | 1 Dining | 2 Lounges | 2 Garages | Pool | Study
A great family home in a quiet and secure neighbourhood. In addition to the 4 bedrooms there is a study off the main bedroom and a staffroom and laundry could easily be converted to a flat. An excellent home for entertaining with a covered patio overlooking a large pool.
Generously spacious, offering two large lounges, separate formal dining room, three decent sized bedrooms, plus two full bathrooms. With a double garage, workshop area, plus a pool, makes this home the perfect spot to lay your roots down. This home has been loved for many years, but now it is time for new owners to make it their own. VIEW BY APPOINTMENT | Web:KHT36883
Brian Wilkes C 082 417 6166 | T 033 343 3345 E email@example.com
Tracy Summerton C 079 438 8059 | T 033 343 3345 E firstname.lastname@example.org
R 1 650 000
3 Beds | 2 Baths | 1 Dining | 1 Lounge | 2 Garages | Pool
Directions : Follow the boards from Hesketh to Westview Pl.
4 Beds | 2 Baths | 1 Dining | 1 Lounge | 2 Garages
VIEW BY APPOINTMENT | Web:KHT35678
Welcome to this 3 bed, 2 bath home in the heart of Hayfields. Close to mills Spar, Pick n Pay Hayfields, Woolworths and Medicross, easy access to the N3 as well. A loved home for many years, which boasts a pool, double automated garage, granny flat or guest room, outside office, with the most amazing beautiful garden! Even a basketball and tennis practice court. Solar water heating to save on electricity and a fireplace for winter. What more could you ask for? So, why wait?
R 2 100 000
3 Beds | 2 Baths | 1 Lounge | 1 Dining | 2 Garages
Stunning brand new home with mountain views. Open-plan living leading to large deck. Three bedrooms, mes, plus a second full bathroom. Brand new, on half an acre with auto-gate access and fully fenced. Pet friendly. Also, included are twelve 1000 l rainwater tanks, chicken run and wood shed. Amazing value for new home. VIEW BY APPOINTMENT | Web: KNH4237 Roger Nevin C 082 555 3995 | T 033 343 3345 E email@example.com
Experts in home finance.
033 386 6623
Colin Rodger HAYFIELDS MALL 082 784 3123
SUN 2:30-4:30 PM
English Road masterpiece. 2 lounges, banquet sized dining area, 3 b/r, study, magic kitchen, store-room, massive entertaining area, d/g, 2 carports and a lovely garden. Views forever , Property24 Ref 108111291
ROSEWOOD ESTATE END UNIT R420 000
New arrival. A special 1 bedroomed unit with large open plan lounge opening onto a north facing veranda. Must be TOWNHOUSE DELUXE R1 310 000 seen! Also a ďŹ ne selection of units at Beacon Road where the air is always fresh! An immaculate 3 bedroomed face Jacaranda Lodge. Call for details. brick townhouse with 2 full modern bathrooms (mes) a superb ďŹ tted kitchen, PENNY LANE TOWNHOUSE an inviting entrance hall, massive lounge and a separate dining room tastefully Sought after development on the hill. A 3 tiled. Covered atrium with many options including a pub as chosen here or bedrommed unit with en-suite and perhaps a study or a TV area. An additional 2 rooms (studies, hobby rooms or measuring 150 sq metres. Double whatever) garage and carport . Communal pool, clubhouse and tennis courts garaging and an above average size too! Follow boards from Hesketh/Murray Rd. Property24 Ref: 108219240
1967 - 2017
EST. 1967 / PROUDLY MARITZBURG
R2 950 000
R1 595 000
ON SHOW 2.30-5
A SUPERLATIVE HOME
3 Beds / 2 Baths / 2 Garages / Pool / Flatlet Web 3869431 This home is set in a beautiful, level fully irrigated garden. The home features a spectacular entertainment area alongside the pool with covered gazebo with built in bar & braai area. There is a formal lounge, a separate diningroom, study, TV lounge opening onto the pool area. The kitchen is well fitted with granite tops. There are 3 bedrooms served by 2 bathroom (m.e.s) plus a self-contained flatlet. Follow boards from Townbush & McCarthy Roads intersection into Ireland Rd. Jessica Campbell 084 510 0808 | firstname.lastname@example.org
R1 295 000
R1 395 000
GREAT INVESTMENT POTENTIAL
5 Beds / 2½ Baths / 1 Garage / 2 Carports / Pool Web 3882884 This family home offers 5 bedrooms or 4 and a large study, 2 bathrooms, plus separate toilet, lounge/diningroom, family room, fitted kitchen, laundry. Outbuildings comprise a further 2 rooms plus shower & toilet, lock-up garage, workshop, double carport, lovely pool, level walled/palisade fenced established garden. Follow boards from Jesmond & Oribi Roads Intersection. Andrew Norton 062 138 1423 | email@example.com
PLENTY OF SPACE AT THIS PRICE!
5 Beds /2 Baths /1 Carport / 1 Garage Web 3706687 This spacious home offers you the unique option of 5 bedrooms! Bedrooms are served by 2 bathrooms. The living space comprises a lounge & diningroom which both open onto an undercover area with a beautifully gardened entertainment space. The kitchen offers ample cupboard space with a separate laundry area outside. Extras include domestic quarters, lock-up garage, carport & a pool. Follow boards from corner of Blackburrow & Hesketh Dr to Rushmore Rd. Tracey Gerrard 072 333 0921 | firstname.lastname@example.org
R1 150 000
ON SHOW 2.30-5
ON SHOW 2.30-5
DOORSTEP OF THE UNIVERSITY
SPACIOUS DUPLEX - CLOSE TO AMENITIES
3 Beds / 2 Baths / 1 Garage Web 3865873 This lovely 3 bedroomed home is ideal for university lecturers or students. There are 2 bathrooms, spacious lounge, separate diningroom & well fitted kitchen. The back garden is totally fenced, there is a lock-up garage & 3 other parkings. Pets allowed. Follow boards from corner Ridge Road & Alan Paton Drive. Dawn Hohls/Lash Padayachee 076 404 6963 | email@example.com
R9 995 000
MAGNIFICENT HOME + BEACH ACCESS
5 Beds / 4.5 Baths / 2 Garages / Pool Web 3250672 This immaculate fully furnished 5 bedroom home, 3 en-suites plus full bathroom, guest toilet, open-plan lounge/diningroom & kitchen opening onto a patio facing the sea with a pool & jacuzzi. Double auto garages, parking, private access to the beach. The complex is secure being one of four units. Sue Williamson 082 463 6359 | firstname.lastname@example.org
TUCKED AWAY - PRIVATE AND SECURE
R2 595 000
4 Beds / 2 Baths / 2 Garages / Pool Web 3685783 This face-brick home boasts spacious reception rooms and a lovely paved private pool area. The home offers a formal lounge, a separate diningroom & a large TV room. The kitchen features granite tops, oven & Gas Hob. 4 Bedrooms are served by 2 pretty bathrooms. Other features include servant quarters, storeroom, a large wooden shed & a double garage. A highly recommended home. Jessica Campbell 084 510 0808 | email@example.com
3 Beds / 2 Baths / 1 Garage Web 3824042 This fully tiled unit boasts tons of space & is situated in a small complex of only 3 units. Downstairs offers a fitted kitchen, open-plan lounge & dining room which leads out onto the garden & a courtyard. Upstairs: 3 bedrooms (all with BIC’s) are served by 2 bathrooms (main-en-suite). The unit has a lock-up garage & it is situated close to Girls’ High School, Maritzburg College & other amenities. Follow boards from intersection of College & New Scotland Roads. Nicky Smith 078 150 9182 | firstname.lastname@example.org
R2 850 000
FANTASTIC UNIT - EXCELLENT COMPLEX
4 Beds / 3 Baths / 2 Garages / Study Web 3872479 Set in popular Five Acres this modern unit offers you the unique option of 4 bedrooms served by modern bathrooms. The living space is spacious & has a lovely open-plan fitted kitchen, diningroom & large lounge opening onto an entertainment area with built-in braai, pool & landscaped garden. Tyrone West 083 780 4426 | email@example.com
SPACE & PRIVACY
R3 900 000
3 Beds / 2 Baths / 4 Garages / Cottage / Pool Web 3866632 Modern family home within walking distance to UKZN, shopping centres & other amenities. Brand new kitchen with wrapped cupboard doors. Open-plan lounge/diningroom, 3 bedrooms, 2 bathrooms, separate 1 bedroom cottage with kitchen, lounge & own carport. Large pool & entertainment area. On large level land with ample space for future extensions or development. View by appointment. Hennie Balt 082 950 0164 | firstname.lastname@example.org
460 Town Bush Road
ON SHOW 2.30-5 GREAT LOCATION!
3 Beds / 2 Baths / 1 Garage Web 3740958 This neat and fully tiled simplex is situated in the heart of Montrose. The unit boasts a fitted kitchen, open-plan lounge & diningroom which leads onto a private courtyard. 3 Spacious bedrooms are served by 2 bathrooms (M.E.S). The unit is fully fenced & small dogs are permitted, also a lock-up garage. Margie Smith 082 571 6516 | email@example.com
R2 595 000
A HOME TO BE PROUD OF
4 Beds / 3 Baths / 2 Garages / Cottage Web 3809702 A beautiful home in a prestige location. Open-plan living area, huge bedrooms, 3 bathrooms, 2nd lounge & reading room. A lovely kitchen with gas stove/electric oven & separate scullery. Double garage, sparkling pool, plus a beautiful cottage offering lounge, bedroom, bathroom & verandah. Cliff Rochester 074 104 8892 | firstname.lastname@example.org
R1 450 000
3 Beds / 2 Baths / 2 Garages / Flatlet This comfortable family home is fully tiled and features a brand new kitchen with UCO & Hob and granite tops. Offers a separate lounge & diningroom, 3 bedrooms served by 2 newly tiled bathrooms and a double garage. Also a single bedroomed self-contained garden cottage for extra income. Sole agent. Jessica Campbell 084 510 0808 | email@example.com
1967 - 2017
EST. 1967 / PROUDLY MARITZBURG R2 750 000
FANTASTIC HOME IN UPMARKET ESTATE
4 Beds / 4.5 Baths / 2 Garages Web 3411421 This beautiful spacious home is located in the heights of upper Ferncliffe. Previously used as an upmarket B & B, it has an abundance of good quality accommodation with each bedroom serviced by its own bathroom. Property has a double garage and turning circle driveway. It really is a dream home!
R2 295 000
PRICE REDUCED - COUNTRY LIVING
4 Beds / 3 Baths / 5 Garages / 3 Staffrooms / Pool Web 3237717 This lovely farm style home is situated in a parklike garden in extent 1.5 ha. Boasting a sparkling re-furbished pool, back & front entertainment areas & various outbuildings, this homestead oozes possibilities. Create your own haven or bed & breakfast venue. With so much potential this property must be viewed.
R2 200 000
4 Beds / 3 Baths / 4 Garages / 4 Carports / Pool Web 3640673 Large family home which can easily be converted into 2 separate homes. Also has a 2 bedroom self-contained garden cottage. 4 Lock-up garages, a carport for 6 vehicles and a lovely entertainment area around the swimming pool. The driveway has separate entrance and exit gates.
R1 850 000
IMMACULATE FAMILY HOME
4 Beds / 3 Baths / 1 Garage / 1 Carport / Pool Web 3806843 Suitable for investors or large family, this solid Scottsville home offers large entrance hall, lounge/diningroom open-plan, large fitted kitchen with granite tops, gas hob, 4 bedrooms, 3 bathrooms + separate toilet, covered entertainment area, pool and carport for four vehicles.
Koen Gouweloos 082 337 1048 | firstname.lastname@example.org Abie Lange 082 875 0200 | email@example.com Hennie Balt 082 950 0164 | firstname.lastname@example.org Andrew Norton 062 138 1423 | email@example.com
R1 795 000
CLOSE TO ATHLONE SHOPPING CENTRE
3 Beds / 2 Baths / Study / 2 Garages / Pool Web 3888461 This low maintenance family home is situated on a corner site close to Greys hospital. It has 3 large bedrooms & 1 study. There are 2 lounges & an open-plan kitchen with loads of cupboards & eye level oven & hob. The garden is manageable with a small pool & a double garage. The property also has an outside room with a full bathroom. It is fully walled with automated gates.
Lash Padayachee 076 404 6963 | firstname.lastname@example.org
R1 075 000
R1 525 000
R1 195 000
R1 149 000
NEAT HOME PLUS A FLAT
AFFORDABLE FAMILY HOME!
NICE SMALL COMPLEX – EXCELLENT UNIT!
Sid Brown 083 300 0530 | email@example.com
Sid Brown 083 300 0530 | firstname.lastname@example.org
Margie Smith 082 571 6516 | email@example.com
3 Beds / 2 Baths / 2 Garages / Pool Web 387684 Conveniently located to all amenities and on 1784sqm of level land, this charming home offers 3 bedrooms, 2 bathrooms, 3 reception rooms plus a very good 1 bedroom flat. Double garage, swimming pool, private entertainment area and fully fenced immaculate garden. Excellent value in a sought after area, must be seen!
R1 065 000
3 Beds / 2 Baths / 1 Garage Web 3824249 Attractive low maintenance home offering a large lounge & diningroom, study, 3 bedrooms, sewing room, 2 bathrooms (mes) & a kitchen with separate scullery area. Level garden, lock-up garage, garden shed & all fully fenced. Quiet neighbourhood within the greenbelt of Pietermaritzburg. Well worth viewing.
3 Beds / 3 Baths / 1 Garage Web 3595336 This duplex is great – large lounge which opens onto a covered verandah with private, level garden, diningroom (or a 4th bedroom), downstairs bathroom, great kitchen, direct access into garage & 3 big bedrooms with 2 nice bathrooms. In an attractive neat complex with very pretty gardens. Easy access to highway & all amenities.
A WELL PRICED DUPLEX
Bruce Campbell 083 226 2015| firstname.lastname@example.org
Jessica Campbell 084 510 0808 | email@example.com
Bruce Campbell 03 226 2015 | firstname.lastname@example.org
Bongani Zondi 082 957 4456 | email@example.com
3 Beds / 2 Baths / 1 Garage Web 3297063 This well maintained unit in a popular gated estate features a fully tiled lounge/diningroom & a modern open-plan fitted kitchen with built-in UCO/Hob. There is direct access from the home into the garage & guest toilet downstairs. Upstairs has 3 bedrooms, 2 bathrooms (M.E.S) plus an entertainment patio. Also an extra coveredparking & pleasant outlook.
3 Beds / 2 Baths / 2 Garages Web 3846937 This low maintenance face-brick unit is situated in a well-managed complex. Offering a fitted kitchen which is open plan to the lounge and diningroom. The living area leads onto a manageable and private garden. 3 Bedrooms are served by 2 bathrooms (main-ensuite). There is a single garage with remote access, a shed for extra storage and a courtyard.
WELL MAINTAINED UNATTACHED HOME
BEAUTIFUL MODERN UNIT
3 Beds / 2 Baths / 1 Parking
2 Beds / 1 Bath / 1 Parking
3 Beds / 2 Baths / 2 Garages Web 3783862 This well maintained home offers a lounge with airconditioning, separate diningroom, a well fitted kitchen with Hob and 3 bedrooms all with airconditioning served by 2 bathrooms (main-ensuite). Also double garage (electric doors), alarm system and super views.
POPULAR COMPLEX – END UNIT Web 3891588
A lovely 3 bedroom home with matching tiles throughout. Ample parking and an electric gate. A lovely garden around the whole house and the yard is fully fenced. A lovely home, call now to view!
A little piece of Heaven! Lovely modern unit in a secure complex boasting porcelain tiles, laminated floors, granite counter tops in a stunning kitchen and a Jacuzzi bath.
Mark Gouweloos 072 544 9277 | firstname.lastname@example.org
Mark Gouweloos 072 544 9277 | email@example.com
2 Beds / 1 Bath / 1 Carport Web 3812954 This spacious apartment is set in popular All Saint’s Court & is an end unit. Bedrooms have BIC’s & are served by a full bathroom. The lounge/diningroom are open plan to a fitted kitchen. The unit has a pleasant outlook & has an undercover parking. This would suit an investor or a first time buyer.
Tyrone West 083 780 4426 | firstname.lastname@example.org
2 Beds / 1 Bath / 1 Parking Web 3671063 This beautiful flat is situated in the center of town close to all amenities, offering 2 neat bedrooms served by 1 bathroom, lounge, diningroom, fully fitted kitchen and enclosed balcony. There is also a parking bay for the unit.
ABIE’S CHOICE !
Bombay Heights – R700 000 Two bedroomed double storey home offering spacious lounge/dining room, lovely kitchen (stove/oven), 2 bathrooms, double carport, tarred driveway. Fully secured. Ottos Bluff – R750 000 Vacant site for sale, Real right, a 200m2 sectional title scheme ‘Footprint’ with the potential to build a 400m2 home in the private reserve; Emanzini Bush Lodges Albert Falls dam. Ottos Bluff-R4 750 000 Well established thatched roof; Emanzini Bush Lodge in a private reserve, Umgeni Valley, floor space 433m2, 6 spacious rooms, living area, kitchen, 6 bathrooms, other extras. Tanglethorn Lifestyle Estate – 6 Vacant Sites Price Range – R475 000 to R795 000 Lovely views, country living, good security. Abie Lange 082 875 0200 | email@example.com
460 Town Bush Road
Wishing all our readers a safe and happy
We wish you joy and happiness over the festive season and a prosperous 2020! From Albie, Beverley, Leigh , Sandra, Tanya, Sophia
How to make the best of your bonus Home-owners who are fortunate enough to receive a 13th cheque or a bonus payment at the end of the year, should use at least part of it to reduce the capital portion of their home loan.. That’s the advice of Carl Coetzee, CEO of home loan originator BetterBond, who says that with interest rates remaining wellabove the rate of inflation, the best "present" consumers can give themselves this holiday season is to reduce their debt load. "And a relatively small amount of cash goes a long way when you apply it to your home loan balance. If you pay R10 000 off a R1m home loan this December, for example, you will reduce the 20-year repayment period by around seven months and, at an interest rate of 10%, save more than R61 000 worth of interest.
“Reducing your outstanding loan balance will also help create a cushion against any future interest rate increases, and give you more room to manoeuvre if you ever need to borrow against your home to pay a child’s university fees, for example, or to cover a medical emergency.” Other smart ways to spend your bonus, he says, include reducing the balances on high-interest debts such as credit and store card accounts, personal loans and car finance, because the less income you have to use to pay debt instalments, the better you will be able to cope with any increases in the price of essentials like water, electricity, food and transport next year. 10
Coetzee says that if your budget is free of high-interest debt and you’ve already set aside money for regular maintenance and emergency repairs, it could just be time to start making your home improvement dreams a reality. “Even if you don’t plan to sell now, for example, it is always worth increasing your home’s value by sprucing up the exterior appearance and garden, for example, or improving the security measures. “And if you are planning a substantial alteration like an extra bedroom or bathroom to make life easier for your family, or the upgraded kitchen you keep promising yourself, now the time to get some estimates of what your project will cost, set a time goal and use your bonus to start saving for it so that you can pay cash and not create more debt.” “Many schools also offer discounts to parents who pay a year’s fees in advance, and that can also be a great way to spend a 13th cheque. “Alternatively, you could put at least part of your bonus into a savings account to provide for home maintenance and repairs. This will help you meet home ownership costs over the next 12 months without wrecking your household budget.” Source: My Property
Negotiating the end of your rental agreement Your lease agreement is coming to an end and itâ€™s time to decide whether to sign on for another year, to stay on a month-to-month basis, or to move on and terminate your lease agreement. Natasha Wright, of Pam Golding Propertiesâ€™ rental division, explains the timeline of events when a lease agreement expires.
extend your lease, or terminate your contract. This is usually 30 days. Exit inspections â€“ last month of lease Now is the time to do an exit inspection with your landlord or agent, to discuss any repairs or cleaning that needs to be done. Remember, it is mandatory for you and the landlord to
inspect the property before occupation as The Consumer Protection Act (CPA) well, to determine whether there are any requires the Landlord to give the Tenant written notice of not less than 40 days and defects or whether repairs are needed. This protects you, as the tenant, from being liable not more than 80 days before the lease expires, to decide whether they are going for any repairs that need to be done when you move out. They also give the landlord to renew their lease agreement or not. recourse if the property is not in the same Any new terms and/or material changes condition as it was when you took occupation. to the lease agreement such as the rental increase and extended lease period, must It gives you and the landlord an opportunity be included in the notice. There is usually also an administrative fee associated with document any structural damage or defects during the ingoing inspection by taking the lease renewal and an increase in the photographs and including these with a deposit amount. written list of concerns which must be attached to the lease agreement. You can Most lease agreements will include a then refer to this list when you and the clause, specifying how much notice you landlord conduct your outgoing inspection, are required to give if you are going to
Suite 8, 3-On-Crescent, Cascades Crescent, Montrose, Pietermaritzburg, 3201 Docex 16, Pietermaritzburg P.O.Box 13843, Cascades 3202
usually within three days before the expiration of your lease. If the inspection does reveal any damage, other than day-to-day wear and tear, you as the tenant are required to pay for these repairs, and the landlord is entitled to deduct the cost from your deposit and accrued interest. Your lease agreement stipulates that you are to return the property in an acceptable condition.
Two weeks after the lease has expired If repairs are not needed, and there are no outstanding amounts owed to the landlord or agent, you should receive your full deposit and interest accrued during the lease period, within seven days. Note that if there was no joint ingoing inspection, the landlord has no further claim against you if there is any damage when you
If repair work needs to be done, the landlord will refund the balance of your deposit within 14 days. Your landlord must also provide receipts of all the repairs done, as proof of the costs incurred. Disputes related to claims against your deposit, assuming that there was a joint ingoing and outgoing inspection, can be referred to your regional Rental Housing Tribunal. Source: My Property
(033) - 394 7525 firstname.lastname@example.org
THE MOST IMPORTANT PART WE’RE MISSING IS...YOU!
24-hr Security & Biometric access control
5yr Golf club house membership
Stunning views & surroundings
Resident’s restaurant discount
Beautiful bird life & pet-friendly
Access to golf club bar
Access to squash facilities
Access to running trails
Save up to R163 00 in Transfer Duties
Contemporary finishes & complimentary appliances
Close Access to N3 Highway & 50min to Durban Beach Front
Because there is so much more to living For more information, we encourage you to contact our Consultants and set up a 1-on-1 appointment 082 901 0791 — Dave 072 200 2842 — Sharon 083 797 1515 — Neve
122 N e w E ngland Rd, Pm b
www.m sun duzi cle.co.za
in fo @ms u nd u zic le.co.za