Recession, petrol hikes, electricity price increases and all other buzz phrases can overwhelm anyone into believing that revamping your home is near impossible as salaries are already stretched to the limit. Stacy Risenmay said "If you wait until you have enough money to decorate and make your home your own, it will never happen. If you wait until you can afford to buy everything new, you are missing the point. It is the old, the new, the hand-me-down, the collected, the worn but loved things in your home that make it your own." and living in a home that is tired and uninspiring will not prompt you to rush home after a hectic day at work. At the very least, your home should be your favourite place in the world to retreat to. With that in mind we have compiled eleven tips to help jump start decorating your abode.
Renting out the Property helps you pay off the bond, while the property increases in value.
The Buy-to-Let Investment choice is very popular. especially in larger areas like Gauteng. The obvious advantages are that the bond pays for itself and the investment takes care of itself as long as the property is maintained. Once the bond is paid off it continues to be a constant flow of monthly income.
Like any good investment this investment option does not come with any guarantees and there are a few very important factors that need to be considered. You must firstly research the market and the area in which you are looking to buy. Choose an area where people would like to live. Transport routes and schools are important factors. Research the rental prices in the area/complex before purchasing the property, consider your return on investment (rental income vs bond payment + levies).