Etchells & Young Blog

Property News And Advice

[{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"3e958bbb5dd74d24963dbc22181d1bee","body":"<!DOCTYPE html> <html> <head> </head> <body> Mould and damp in rental properties are often a cause for contention between landlords and tenants.  Despite the confusion as to who is responsible for the maintenance and repair of damp and mould defects, in residential property terms the two issues are not used interchangeably.  In fact, property legislature clearly outlines both the landlord and tenant’s obligations in relation to the two.  To avoid further confusion, both issues will be defined with reference to the Rental Housing Act and the Etchells & Young lease agreement. Defining the Terms Damp: Damp is most often caused by a fault in the structure of the building.  It typically occurs on walls, floors, ceilings, roofs, doors and window frames, as well as pipes and plumbing.  It may be penetrating/lateral (entering through cracks in a wall, a loose roof tile or faulty guttering) or rising (rising from the ground into walls or floors as a result of deterioration of the damp proof course).  Penetrating and rising damp relate specifically to the structure and maintenance of the property.  Damp causes tell-tale watermarks (for example, the characteristic ‘tide marks’ caused by rising damp), staining, crumbling plaster, peeling/blistering paint, and rotting floor- and skirting boards.   Condensation and Mould: Condensation forms when warm, humid air (water vapour) comes into contact with a cold surface.  As a result, small water droplets collect on the surface.  Mould is most common in bathrooms because the hot water used to shower and bath increase the amount of moisture in the air, which collects on the typically colder surfaces found there – tiles, mirrors and walls.  It is also prevalent in kitchens and laundries, particularly behind washing machines and tumble dryers, and around facets and sinks.  Cooking without an extractor, washing and drying clothes indoors, and the use of kerosene heaters also produce excess moisture which lead to condensation.  Condensation is exacerbated in rooms where ventilation is poor and the temperature inside is higher than the temperature outside.  How does this relate to mould?  Mould is caused by excess humidity and moisture in the air, and a build-up of condensation on surfaces.  It thrives in warm, damp areas.  If left untreated, excess moisture penetrates walls, floors, ceilings, furniture and clothing, resulting in the growth of mould/mildew.  It can cause long-standing damage to a property.  Moreover, extensive mould can have serious health implications.  The degree to which an individual’s health is adversely affected depends on the type of mould, the amount of mould present and whether the individual has existing respiratory problems or allergies.     Defining Who Is Responsible The Rental Housing Act: The Rental Housing Act stipulates that the landlord is responsible for providing the tenant with a dwelling place that it both safe and suitable for living.  This refers unambiguously to protection from the elements and other threats to the health of the tenant, their household or visitors.  The landlord is obligated to maintain the existing structure of the dwelling (which includes the walls, roof, electrical and plumbing facilities) and repair damage caused by fair wear and tear.  The landlord is, therefore, obligated to rectify rising or penetrating damp because it concerns the existing structure of the dwelling and poses a health risk to the occupants of the property.  However, the RHA states that it is the tenant’s responsibility to notify the landlord of maintenance or repair work to the structure of the property in writing as soon as is reasonably possible.  If he/she fails to do so in a timeous manner and allows the problem to persist and worsen, the landlord is entitled to claim damages for the resultant repairs from the tenant. The RHA then goes on to state that the tenant is responsible for maintaining the property in a clean, tidy and safe state of repair and should use all electrical, plumbing, sanitary, heating, ventilating, air-conditioning and other facilities and appliances in a responsible manner.  Tenants should refrain from intentionally or negligently damaging the property.  The tenant is liable to maintain, replace or repair fixtures and fittings such as globes, handles, locks etc. before the lease term has ended so as to return the property to the landlord in the same condition as was received.  This means that the presence and development of mould in a rental property (as a result of condensation, poor ventilation, and ineffective cleaning/wiping of surfaces) is the tenant’s responsibility and tenants are legally obliged to timeously rectify the issue.      The E&Y Lease Agreement: Before occupation, both the tenant and the landlord, or the agent acting on his behalf, jointly inspect the property to determine if the property is fit for occupation and if any repairs or maintenance is necessary for the tenant’s beneficial occupation of the premises.  The lease agreement allows the tenant 5 business days, following occupation/the commencement of the lease, to notify the landlord in writing of any further defects that require his attention.  This refers specifically to structural damages and would therefore include damp issues. Clause 15 of the E&Y lease agreement echoes the RHA in that it prescribes that the landlord is “responsible to keep in good order and repair, all exterior walls, the roof, plumbing, electrical and other structural parts of the premises and will be responsible to repair any structural damage, except where this damage is caused by the tenant […]”  and that if any of the structures become defective or pose a threat to the safety of the tenant, the tenant is to immediately report these defects to the landlord in writing.  The landlord must repair damages and defects where these affect the tenant’s beneficial occupation of the premises or pose a threat to the tenant’s safety.  “Should the tenant not report the defect or damage [or should the landlord, his agent or maintenance contractor be unable to gain access to the property], then the tenant will be held liable for any resultant damage and all costs incurred by the landlord to carry out such repairs at a later stage”. Further to this, the lease agreement stipulates that the tenant agrees and undertakes “to maintain the interior of the premises and all improvements, fixtures, fittings and to regularly clean […] and to ensure that the property is in a good, clean, sanitary, and tenantable condition for the currency of the lease […]”.  The development of mould, as a result of ineffective ventilation and cleaning, falls to the tenant to treat and eradicate.   Treatment of Mould: Regular, thorough maintenance of the property is essential to detecting and rectifying any underlying sources of damp or mould.  Ensure that both the mould and underlying cause are effectively treated and repaired to prevent recurrence. Reducing the amount of moisture in the air is crucial to reducing the presence of mould.  Simply opening a window while showering/running a bath or switching on the extractor will reduce the amount of moisture and humidity, thereby reducing the amount of condensation that collects on surfaces.  This is crucial in rooms where water is used extensively, such as the bathroom, kitchen or laundry.  Run a cold shower for 30 seconds after a long, hot shower (especially in the winter).   This quickly and effectively removes steam from the room and will therefore assist in reducing moisture on the walls and ceiling. Wipe down condensation that has collected on surfaces (walls, window frames, pipes etc.) with an absorbent cloth, ensuring the area is completely dry.  Apart from tenants agreeing and undertaking to maintain and clean the interior of the rental property upon signing the lease agreement, regular cleaning removes moisture build-up on surfaces in high-humidity areas and protects them from unnecessary and entirely preventable damage. Ensure that ventilation and air-conditioning systems are in good working order, and if necessary, invest in a dehumidifier.  Where possible, vent appliances that produce excess moisture and humidity outside.  These include tumble dryers, stoves and kerosene heaters.  At the least, increase ventilation by opening doors and windows in rooms where humidity is high. Replace or remove upholstery, carpets and rugs that have been exposed to moisture and mould and keep high-humidity areas like kitchens free of carpets. Use reputable products that effectively kill fungi, algae, bacteria and their spores. <a href=\"https://www.builders.co.za/Home-and-Decor/Home-Cleaning-%26-Accessories/Multipurpose-Cleaning/Genkem-Mould-Stop-(500ml)/p/000000000000036135?gclid=CjwKCAjwqvyFBhB7EiwAER786dFkCVlRZmkE7QZvE-XuR0cdaUvos11mKtZ0Z7jt4D9aulKRSbxhpBoC0l8QAvD_BwE\">Genkem Mould Stop</a> removes mould and mildew from a wide range of surfaces – grout, plastered walls, concrete tiles, ceramics, ceilings, roofs, showers, toilets etc. – and is ideal for home use. Likewise, <a href=\"https://www.builders.co.za/Home-and-Decor/Home-Cleaning-%26-Accessories/Multipurpose-Cleaning/TFC-500ml-Mould-Buster/p/000000000000363891?gclid=Cj0KCQjwk4yGBhDQARIsACGfAetP-BbNBogL78omSkkim9eZ3LafoSm-HiUeYOhJkk0tuU734RXtu8waAqsQEALw_wcB\">TFC Mould Buster</a> is a specially formulated chemical that successfully kills mould and mildew and can be used on any surfaces – both indoor and outdoor. Mould Buster is a highly corrosive chemical and so care should be taken at all times when handling the product - protective clothing and goggles are recommended. </body> </html>","category":"Tips for Tenants","createdAt":"2021-06-15T06:57:50.996Z","publishedAt":"2021-06-15T06:30:00Z","summary":"Mould and damp in rental properties are often a cause for contention between landlords and tenants. Despite the confusion as to who is responsible for the maintenance and repair of damp and mould defects, in residential property terms the two issues are not used interchangeably.","title":"Mould and Damp – Who’s Responsible in a Rental Agreement?","updatedAt":"2021-06-15T06:57:50.996Z","thumb":"https://s3.entegral.net/news/Thumbnail_2021_06_15_06_57_50_730.jpeg","tags":["advice for landlords","advice for tenants"],"url":"tips-for-tenants/mould-and-damp-who-s-responsible-in-a-rental-agreement-15-06-21","gallery":[{"url":"https://s3.entegral.net/news/Gallery_2021_06_15_06_57_50_902.jpeg"}]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"94deab17b0b248d6adf5c6cde896490e","body":"<!DOCTYPE html> <html> <head> </head> <body> Thinking about buying your first home?  First quarter statistics released by ooba Home Loans reveal first-time buyers’ continued confidence in the residential property sector.  This is demonstrated in the high percentage of first-time buyers who have entered the market in the last year, despite the challenges brought on by the global pandemic and local economic downturn.  Agencies across the country agree, reporting a surge in home buying activity despite the uncertainties.   The statistics reveal a significant increase of 15.1% in the average purchase price of first-time homebuyers when compared with the first quarter of 2020, and an increase of 3.5% compared with the last quarter of 2020.  Percentage-wise, this kind of double-digit growth was last recorded only briefly in 2010 and again in 2015/16.    In January of this year the average purchase price paid by first-time buyers hit a new high of R1.138 million, after breaking the R1 million mark the year before.  House prices, for both overall and first-time buyers, accelerated sharply in March of 2020 and have continued to rise steadily - further indication that the market has taken a positive turn.  The rise in average purchase price suggests that the market is more accessible to aspiring homeowners who are now able to afford larger, more expensive properties.  Demand for larger living spaces that can comfortably accommodate working from home may also be a contributing factor to the sharp rise in average purchase price.  According to Rhys Dyer, CEO of ooba Home Loans, in conjunction to capitalising on the current buying environment buyers appear to be prioritising quality of life when purchasing a new home.     Financial institutions have continued to support and sustain the market and economy by offering low/no deposit loans.  Moreover, competition between the banks to secure loan business has made it easier for first-time buyers to obtain finance.  FNB reported that 2020 registered the highest volume of loan approvals in South Africa in more than a decade.  In the last year, more than 50% of ooba’s approved home loans were extended to first-time buyers – the highest percentage recorded by ooba since data collection began in 2007.  The volume of bond applications (with almost 70% belonging to first-time buyers) as well as bond approval rates are comparatively higher than previous years.  This indicates that the interest rate cuts of 2020 and the banks’ lending appetite have bolstered applicants’ eligibility.  Additionally, ooba statistics for Q1 of 2021 saw an increase of 14.8% in the average approved bond size for first-time buyers.  Approval rates for hundred percent bond applications have also remained notably higher than previous years.    Its then no wonder that the statistics indicate that prospective buyers - who previously considered renting a more affordable and viable option than buying - are taking advantage of the lowest prime lending rate in five decades and favourable lending terms from South African financial institutions.  Encouragingly, ooba’s statistics signify that home ownership is now a reality for many more South Africans.      If you’re thinking of buying your first home, now is as good a time as any to make the most of the current market conditions. <a style=\"color: #a80000;\" href=\"https://www.etchellsandyoung.co.za/search?status=For%20Sale\">View our Property for Sale.</a>       </body> </html>","category":"Articles","createdAt":"2021-06-07T10:36:12.66Z","publishedAt":"2021-06-07T10:49:50.063Z","summary":"Thinking about buying your first home? First quarter statistics released by ooba Home Loans reveal first-time buyers’ continued confidence in the residential property sector. ","title":"First-Time Buyers Continue to Capitalise on Current Buying Conditions","updatedAt":"2021-06-07T10:49:50.063Z","thumb":"https://s3.entegral.net/news/Thumbnail_2021_06_07_10_36_12_332.jpeg","tags":["advice for buyers","buying property","property advice","property investment"],"url":"articles/first-time-buyers-continue-to-capitalise-on-current-buying-conditions-07-06-21","gallery":[{"url":"https://s3.entegral.net/news/Gallery_2021_06_07_10_36_12_566.jpeg"}]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"f7a63c96a7f3491d820a840c1a43dd4d","body":"<!DOCTYPE html> <html> <head> </head> <body> Property experts believe that prospective buyers looking to purchase a home in winter are often more motivated to do so when compared with the Sunday afternoon Show House browsers of spring and summer.  Moreover, because spring and summer are popular selling seasons the housing market is saturated with competition – selling in winter places the seller in a favourable position with fewer competing listings.  The quieter market may also result in financial institutions processing loan agreements quicker and a faster turnaround time for lodgment and registration of the property at the Deeds Office.     However, the property’s purchase price should still be fair and competitive, in relation to properties of similar specs in the surrounding neighbourhood.  Condition, age and location, among other factors, play a key role in determining a property’s market value.  A <a href=\"http://www.etchellsandyoung.co.za/news/tips-for-sellers/reasons-to-use-an-estate-agent-to-rent-sell-your-property-01-04-20\">reputable estate agent</a> specialising in property sales has the market knowledge and experience to competently advise a seller on comparative sales, as well as to provide an accurate price valuation in relation to similar properties in the area.   Selling in winter also provides the seller with the unique opportunity to showcase how their home is equipped for the cold – a major drawcard for potential buyers.  Does the home have underfloor heating or built-in heating panels? Is there a fireplace crackling merrily in the formal lounge? Are the bedrooms and living areas North- or South-facing, making the most of the warm winter sunlight? Do high-traffic areas boast wooden or laminate flooring that add a sense of warmth?     Selling a home in winter entails selling an experience – something the buyer can connect with personally.  The seller should plan and prepare the home in such a way that potential buyers are able to affectively relate to it as their own.  Maintaining a warm, inviting atmosphere is as simple as lighting the fireplace or switching the heaters on.  The seller may then draw buyers’ attention to these features as they walk from room to room, increasing the home’s appeal.   However, selling in winter does present its own challenges.  With a little forward-thinking and adequate preparation, these challenges are easily overcome.   Many apartments and smaller free-standing homes do not boast amenities such as a fireplace or underfloor heating.  Urban living spaces often feature tiles or concrete flooring, and these are known to feel colder in winter.  In this case, the emphasis should be on comfort.  Invest in plush carpets and throws that draw buyers’ attention to the home’s warmth and homeliness.  Invite the buyer to imagine the home as their own - a place where they can feel at home - by paying attention to details.   With the sun rising later and setting earlier, the colder months may make a home feel darker.  Avoid this pitfall by ensuring that curtains are opened in each room and drawn back to make the most of the available light.  Switch on interior lights in every room during viewings and wherever possible, organise viewings during the daytime.  If evening viewings are unavoidable, ensure the exterior is well-lit and that the buyers have access to the property listing on the website or a Show Day pamphlet that showcases professional photographs of the property during the daytime.    First impressions are often the most lasting, and the general exterior appearance of the property should be one that attracts offers.  Lower rainfall in winter often results in gardens and exteriors looking tired and dry.  Regular watering in the early morning or late evening for as little as ten minutes may alleviate the issue.  Alternatively, plant evergreen shrubs that bloom in cold weather, water-wise succulents, deciduous trees that won’t lose their leaves or winter-flowering azaleas, daisies, roses or tulips.  These will brighten even the most drab garden.  More importantly, rake and dispose of autumn leaves before the Show Day or viewing – this will do wonders for the aesthetic appeal of the garden.  Leaves left unattended tend to make a moderately green lawn appear dry and lifeless.     Finally, ensure that regular preventative maintenance is completed well before prospective buyers view.  In any market, but even more so in a challenging one, the condition of the property is crucial.  The overall condition plays a key role in determining market value, which provides a platform for the buyer and seller to negotiate a transaction.  Moreover, care should be taken to <a style=\"color: #b30000;\" href=\"http://www.etchellsandyoung.co.za/prepare-your-property-for-a-sale\">prepare the property for a sale</a>.  For example, clearing gutters, drainpipes and swimming pools of fallen leaves, repairing wall cracks professionally and repainting if necessary, decluttering interior counter tops and tidying surfaces.  The appeal and showing condition of the home are critical to a successful sale.    <a href=\"https://www.etchellsandyoung.co.za/estate-agents-in-randburg-and-sandton\">Why choose Etchells and Young to sell your property? </a>     </body> </html>","category":"Tips for Sellers","createdAt":"2021-06-02T14:19:36.65Z","publishedAt":"2021-06-03T11:00:00Z","summary":"Here’s How to Keep Prospective Buyers from Getting Cold Feet","title":"Selling in Winter? ","updatedAt":"2021-06-04T09:48:25.087Z","thumb":"https://s3.entegral.net/news/Thumbnail_2021_06_02_14_26_19_320.jpeg","tags":["advice for sellers","selling property","home and garden"],"url":"tips-for-sellers/selling-in-winter-03-06-21","gallery":[{"url":"https://s3.entegral.net/news/Gallery_2021_06_02_14_25_45_539.jpeg"}]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"b9df98d0cc414512a3422351b9322abf","body":"<!DOCTYPE html> <html> <head> </head> <body> Regardless of what life stage you are in currently, property will always play a part. Whether you’re a tenant or homeowner there is always a future possibility of moving into a different category, namely: Buyer Seller Tenant Landlord.   Either way Etchells & Young have got you covered. Below are some property sales stats that we have compiled for the period of November 2019 – October 2020. Based on the areas we specialize in, including Sandton and Randburg.   The stats are taken directly from Lightstone but the reasons for the stats are based on our expertise and experience in the industry.    The Greater Sandton Area Buyers 42% = 18-35 years 41% = 36-49 years 12% = 50-64 years 4%   = 65+ Above we can clearly see that more than 80% of the Buyers in Sandton over the last 12 months fall into the 18-35 and 36-49 age brackets. These buyers are likely moving into the area or investing for buy-to-let purposes. The reasons for the move, among many, is likely (according to our research): <ul> <li>Upscaling</li> <li>Starting to work in the area</li> <li>Starting a family</li> <li>Moving closer to work</li> <li>Looking to be a part of the elite lifestyle that Sandton offers</li> <li>Good return on investment</li> <li>The perception of less crime in the area</li> </ul> Sellers 12% = 18-35 years 43% = 36-49 years 25% = 50-64 years 19% = 65+ With the Sellers in the area we see something quite different. 43% of sellers in Sandton fell into the 36-49 age bracket and 25% into 50-64 age bracket. Some of the main reasons we were able to establish are the following:   <ul> <li>Downscaling due to financial pressure</li> <li>Immigrating (moving to another country)</li> <li>Semigrating (moving to another province or city)</li> <li>Larger family homes more affordable in other areas</li> <li>Downscaling due to: children leaving the nest/divorce/death of a partner/loss of income</li> </ul> Ave Prices Freeholds in Estates: R3 350 00 Sectional Title in Estate: R2 069 000 Sectional title: R1 492 000   Freehold: R3 712 000   Transfers in this period (Nov 2019 - Oct 2020): Freeholds in Estates: 1531  Sectional Title in Estate: 309 Sectional title: 3207 Freehold: 544 Total: 5591 <hr /> The Greater Randburg Area Buyers 42% = 18-35 years 40% = 36-49 years 12% = 50-64 years 5%   = 65+ Here again we can see that the 18-49 age bracket made up over 80% of the buyers in the Greater Randburg area.  However, the reasons somewhat differ in comparison to Sandton.  Due to the reasonable prices in this area first-time buyers find it much easier to get their foot in the property door. Some of the factors driving young buyers to this area:   <ul> <li>Affordable family homes</li> <li>Just married or starting a family</li> <li>Investment opportunities for middle income earners</li> <li>Downscaling due to financial pressure and loss of income due to Covid</li> <li>Upscaling – moving into more affluent areas</li> </ul> Sellers 13% = 18-35 years 47% = 36-49 years 23% = 50-64 years 17% = 65+ Similarly to Sandton, the majority of Sellers fell into the 36-49 age bracket. Strangely enough the reasons for buying here have a close correlation to that of the reasons for selling.   <ul> <li>Upscaling to more secure estates or complexes in safer areas</li> <li>Moving closer to private/specialised schools</li> <li>Semigration (moving to another city)</li> <li>Achieving a fair and market related price for their property</li> <li>Immigration</li> </ul> Ave Prices Freeholds in Estates: R1 987 00 Sectional Title in Estate: R935 000 Sectional title: R1 017 000   Freehold:R1 398 000   Transfers in this period (Nov 2019 - Oct 2020): Freeholds in Estates: 885  Sectional Title in Estate: 176 Sectional title: 3207 Freehold: 2406 Total: 6674   </body> </html>","category":"#AskEtchells","createdAt":"2018-10-26T05:17:00Z","publishedAt":"2020-11-26T05:30:00Z","summary":"Regardless of what life stage you are in currently, property will always play a part","title":"Randburg and Sandton Sales Stats 2020","updatedAt":"2020-11-30T10:12:37.368Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_26_11_16_11_017.jpeg","tags":["property advice","property investment","advice for sellers","advice for buyers","selling property","buying property"],"url":"asketchells/randburg-and-sandton-sales-stats-2020-26-11-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"a5cb3ebab36e4183ab3e296d58622684","body":"<!DOCTYPE html> <html> <head> </head> <body> If you are reading this then that means you are thinking of or have decided to invest in property. Property is a great investment; it is however good to know what you are signing up for when you buy to let. Why Now is a Good Time to Buy Property as an Investment The South African Reserve Bank held its benchmark repo rate unchanged at a record low of 3.5% during its September meeting, as widely expected. It is a buyers’ market, and this is set to continue for at least 18-months. The Benefits of Investing in Property: <ul style=\"list-style-type: disc;\"> <li> Property is a solid, tangible investment with relatively low risk. Essentially you are building wealth without putting in a huge upfront investment, should you finance the purchase via a mortgage bond. </li> <li> Property usually appreciates over time; therefore, you should be able to sell for more than you bought for. Property appreciation also warrants annual rental increases. Therefore, property investment is a great hedge against inflation. </li> <li> A tenant essentially pays most of the bond while you reap the long-term reward. Once the property is paid up, you will start earning passive income on the property. When held long term it’s a low-risk high return investment. </li> <li> Under the Income Tax Act, if you own at least five new and unused (meaning new developments that have never been occupied) residential properties situated in South Africa, you will be allowed to claim an annual allowance of five percent of the purchase price as a tax deduction, as long as you are letting out the properties. </li> </ul> The Risks of Investing in Property <ul> <li> It takes time before you make a profit, be prepared to cover some of the costs involved in property ownership for the first few years to supplement rental income as your property appreciates. </li> <li> Maintenance and upkeep costs are a reality of property ownership, you need to have cash flow for unforeseeable scenarios. </li> <li> Make financial provision for periods where the property may be vacant. There may be a delay between a previous tenant vacating and securing a new tenant. You will need to be able to cover the rates, levies, water & lights and most importantly your bond repayment. </li> <li> Take “special levies” into account if or when they arise. If your property investment is sectional title (apartments, clusters, townhouses, flats), there may be at some point be special levies that arise due to complex/building maintenance or improvements. This means that for a period the levies will increase to cover the costs. </li> <li> The risk of damage by the tenant that is not sufficiently covered by the deposit they paid. </li> </ul> Now That You are Informed of The Risks and Rewards of Property Investment, Let’s Get Started with Finding and Purchasing Your First Investment Property STEP 1: Determine How Much You Want to Spend on this Investment and How You want to Purchase it: Be realistic about the size of the investment that you would like to make. If you require a mortgage bond or loan, you will need to qualify for it. Start thinking about the type of property you would like to buy and research areas and rental demand. There are 3 ways in which you can purchase investment property: <ol> <li> In your individual capacity. This means the property will be in your name. </li> <li> In a company or close corporation. The property will be in the name of the company. </li> <li> In a trust. The property will belong to the trust. </li> </ol> Research these options as the all have pros and cons, esp from a tax and cost perspective. Get an expert to advise you if needed. STEP 2: Find out What You Can Afford and Your Lending Capacity (If you are buying the property cash you can skip this step) First things first, contact a Bond Originator to do a pre-qualification. We recommend ooba home loans, they are fast and efficient. Here you will be able to calculate an estimate of what loan you possibly qualify for - <a style=\"color: #b90000;\" href=\"https://www.ooba.co.za/home-loan/bond-calculator/\" target=\"_blank\" rel=\"noopener noreferrer\">https://www.ooba.co.za/home-loan/bond-calculator</a>/. Once you have an idea contact an ooba home loan expert to get your pre-approval started - <a style=\"color: #b90000;\" href=\"https://www.ooba.co.za/home-loan/prequalify/#speak-to-an-expert\" target=\"_blank\" rel=\"noopener noreferrer\">https://www.ooba.co.za/home-loan/prequalify/#speak-to-an-expert</a>.  Once you have the pre-approval and you know what you are in for you can comfortably start the hunt for your dream investment property. STEP 3: Finding Your Perfect Investment Property: You need to consider the area you are purchasing in. The first step is to do some research on the area you have in mind. What about the area adds value to property? Consider the following: <ul style=\"list-style-type: disc;\"> <li> Property prices in the area </li> <li> How much buying/selling activity there is in the area </li> <li> How long properties have been on or typically stay on the market in this area </li> <li> Crime statistics in the area </li> <li> Proximity to schools, work hubs, centers, services and main arteries </li> <li> The main demographic and the income bracket that is prevalent in the area (this is an important factor as it will </li> <li> largely determine the type of tenant you will attract e.g. single professionals, small families, students etc. </li> <li> Rental demand in the area. </li> </ul> Once you have decided on the area where you will be purchasing your investment in, you will need to compare the prices of different properties to establish the best fit for you. Comparing prices You could either make use of the services of an Estate Agent or you could do a little homework yourself by browsing the internet. Choose a few property sites, preferably some of the more prominent ones e.g. Private Property or Property 24, start by selecting the properties which are in your price range and then compare the features; number of bedrooms & bathrooms; number of reception areas; garden/pool; security features; Erf size. This should give you a fairly good idea of what you can expect to pay in your area of choice.  Working with an Estate Agent is highly recommended as they will be knowledgeable about the area and will be able to guide you in finding the right property at the right price. STEP 4: Take All Costs into Consideration Once off costs: <ul style=\"list-style-type: disc;\"> <li> Deposit (will not always be necessary) </li> <li> Bond costs, Transfer costs, initiation costs, possible levy deposit if your purchase a sectional title unit </li> <li> Municipal rates & taxes deposit </li> </ul> Regular monthly costs: <ul style=\"list-style-type: disc;\"> <li> Repayment of home loan (you should be able to cover your bond repayments if the property is vacant or the tenant absconds). </li> <li> Insurance on the property. </li> <li> Life insurance to cover the bond. </li> <li> Monthly levies in respect of sectional title property. </li> <li> Rates and Taxes. </li> <li> Electricity and water (usually charged to the tenant but if the property is vacant the bill will still fall on you). </li> <li> Maintaining the residence. </li> <li> Repairing damages to the property. </li> <li> A small management fee should you choose to have the property managed but a reputable agency. </li> </ul> To find your prefect investment property go to:<a style=\"color: #b90000;\" href=\"https://www.etchellsandyoung.co.za/property-search/properties-for-sale\" target=\"_blank\" rel=\"noopener noreferrer\">https://www.etchellsandyoung.co.za/property-search/properties-for-sale</a> STEP 5: Signing an offer to purchase: (You Have Found the Right Property and Now it is Time to Put Pen to Paper).  An offer to purchase is an agreement that stipulates the terms and conditions of the property transaction. Everything that is agreed upon must be contained in the offer. This will cover things such as: <ul style=\"list-style-type: disc;\"> <li> The purchase price that has been agreed upon </li> <li> Any conditions of sale, e.g. that the purchase price is dependent on the buyer getting a bond or selling a property. </li> <li> The deposit payable (if there is one) </li> <li> Fixtures and fittings that are part of the sales agreement e.g. fireplace, air-conditioning units, satellite dish, carports etc. </li> <li> That the seller declares that to the best of his knowledge, the house is structurally sound and fit for occupation. </li> <li> Approved house plans, if available. </li> <li> If the building or property was recently built, a copy of the NHBRC certificate and an occupation certificate may need to be provided. </li> <li> A copy of the electrical compliance certificate. Compliance in respect of electricity, gas and electric fencing must be adhered to. </li> <li> Any special conditions as agreed upon by seller and purchaser. </li> <li> Any resolutive conditions agreed upon by seller and purchaser. </li> <li> The terms of any lease already in place for the property. </li> <li> The occupation date of the property once registered or the proposed occupation date with an agreed upon occupational rental. </li> </ul> STEP 6: Applying for the bond (skip this step if you are a cash buyer) Requirements: <ul style=\"list-style-type: disc;\"> <li> A good credit score. A full credit check will be done by the institution. </li> <li> Financially stable. The bank will request income statements detailing all monthly income and expenses. The expected rental income on the property will play a role in determining your affordability however, most retail banks are not likely to take this into account if you are a first-time investor. Should they decide to take this into account (differs from bank to bank) they will only consider a portion of the rental income. </li> </ul> Ensure you have all your documentation ready, here’s what you will need:All Applicants: <ul style=\"list-style-type: disc;\"> <li> A copy of your ID document </li> <li> A copy of the offer containing seller's & purchaser's details </li> <li> Proof of income </li> <li> Payslip (not older than 2 months) or a letter from your employer </li> <li> If you are self-employed then you will need a letter from an accounting officer confirming your income, or a statement of assets and liabilities </li> <li> 6 months bank statements </li> </ul> Companies / Close Corporations / Trusts: <ul style=\"list-style-type: disc;\"> <li> Copy of financial statements. You may be required to produce a full set of financials e.g. balance sheet, income statements, which must be signed by the auditor. </li> <li> Details of all the directors and members. </li> <li> Founding statement of the close corporation, Close corporation certificate, Company certificate </li> <li> A copy of the Trust Deed, Memorandum and Articles of Association </li> <li> A resolution by the directors, members of companies, close corporations or trustees advising who may sign the home loan application or pre-approval for the purchase of the property. </li> </ul> STEP 7: Placing a tenant Congratulations, your bond has been approved and the offer has been fulfilled. Now we have 3 scenarios: Scenario #1 The property is occupied by the seller, and you will only be able to place your tenant once the registration and transfer has taken place and the current occupant has vacated. In this case it would be wise to agree a specific occupation date with the seller (you will have to pay occupational rent), irrespective of if transfer has taken place, so that you know exactly when you can place a tenant. In this case you can go ahead with finding a reputable rental agent in the area where the property is situated and start advertising for a tenant. Scenario #2 The property is unoccupied at the time of purchase, but the transfer is yet to take place. It is possible to place a tenant during this time. This will need to be agreed upon by the seller and be a special condition in the offer to purchase, you will likely pay occupational rent to the seller but no matter as this should be covered by the rental paid by your tenant. Again, your best way forward is to make use of the services of a reputable rental agent that knows the area well and is experienced in rentals. Scenario #3 The property was bought off plan and is yet to be built/completed. When you buy a property off plan you will usually need to put a deposit down. The deposit will be held in an interest-bearing account. When the building is complete and the Developer has obtained an occupation certificate, it can be transferred or handed over to you. You will then be able to go ahead with placing a tenant. Choosing The Right Rental Agent To Rent And Manage Your PropertyEnsure that the agent has a valid fidelity fund certificate and is operating in line with S.A Property Legislation. To ensure they are in possession of a valid fidelity fund certificate you can do a search here: <a href=\"https://www.eaab.org.za/home\" target=\"_blank\" rel=\"noopener noreferrer\">https://www.eaab.org.za/home</a> - search under “Find an Agent” or “Find an Agency” Another good idea is to browse the website of the agency you have chosen, this should give you a better idea of who you are entrusting the rental of your property to. Check out <a style=\"color: #b90000;\" href=\"https://www.etchellsandyoung.co.za/rental-agents\" target=\"_blank\" rel=\"noopener noreferrer\">https://www.etchellsandyoung.co.za/rental-agents</a> There is such a thing as perfect on paper. Before you decide on an agent, ask for reviews from other clients. Most reputable agencies should have at least a few reviews from previous clients. What is Rental Management? Rental Management means that Etchells & Young manages the day-to-day aspects of your rental property and takes the “hassle” out of your hands. We deal with all aspects relating to your tenant such as collecting the rental, dealing with maintenance queries, liaising with the body corporate and then, subject to your requirements, paying levies, water & electricity etc on your behalf before paying the balance of the rental over to you. We also manage the financial aspects of your rental and are able to do full reconciliations of your account. <a style=\"color: #b90000;\" href=\"https://www.etchellsandyoung.co.za/rental-management\" target=\"_blank\" rel=\"noopener noreferrer\">Check out our Rental Management Services</a> </body> </html>","category":"Tips for Buyers","createdAt":"2020-01-20T08:00:00Z","publishedAt":"2020-11-16T08:00:00Z","summary":"If you are reading this then that means you are thinking of or have decided to invest in property. Property is a great investment; it is however good to know what you are signing up for when you buy to let","title":"A Guide to Acquiring Your First Investment Property","updatedAt":"2020-11-25T09:36:52.078Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_05_13_05_20_542.jpeg","tags":["buying","investment","advice for buyers","property advice","buying property","property investment"],"url":"tips-for-buyers/a-guide-to-acquiring-your-first-investment-property-16-11-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"6c11f27938df475791a66986e1c4b0e7","body":"<!DOCTYPE html> <html> <head> </head> <body> <img style=\"border-width: 0px; border-color: white; border-image: initial; margin-left: 0px; margin-right: 0px;\" src=\"https://s3.entegral.net/news/Content_img_AdobeStock_265276996\" alt=\"\" width=\"300\" height=\"200\" />   STEP 1: Add some Citrus This adds such a visual and textural element to a space. Place a collection of citrus fruits in large glass jars, vases or bowls for instant and natural colour. Not only will it give an area some ‘life” but this will also remind you to eat healthier.  Remember: As the seasons change, swap the citrus out for apples and pumpkins too.  Mr Price always has inexpensive yet simple and classy Jars, vases & bowls.   <img class=\"alignleft wp-image-9711\" style=\"border-width: 0px; border-color: white; border-image: initial;\" src=\"https://s3.entegral.net/news/Content_img_AdobeStock_277224819\" alt=\"\" width=\"300\" height=\"200\" />   STEP 2: Become one with Mother Nature Bring the outside in with freshly cut flowers, branches, river rocks, pinecones and whatever natural, organic elements you can find. You can add these to jars, tall glasses and even platters.  This gives you and the family some time to be creative – you can even spray paint some of the harder elements and start a new colour theme. Not only does it bring in better energy, but it gives your home an edge with class.   <img class=\"alignleft wp-image-9715\" style=\"border-width: 0px; border-color: white; border-image: initial;\" src=\"https://s3.entegral.net/news/Content_img_AdobeStock_132747005\" alt=\"\" width=\"300\" height=\"200\" />   STEP 3: Dust off Those Old Photographs We live in an age where pictures are constantly being taken, from selfies, to family events – even our furry babies! You could dust off those old photographs and display them proudly. Hang them on your prominent walls – in living rooms, bedrooms and hallways.  Or you could create your own gallery with some of your funniest and most favourite memories from your phone. This may also help remind you of how blessed you are to have such loving people in your life.   <img class=\"alignleft wp-image-9723\" style=\"border-width: 0px; border-color: white; border-image: initial;\" src=\"https://s3.entegral.net/news/Content_img_AdobeStock_302090262\" alt=\"\" width=\"300\" height=\"200\" />   STEP 4: Bring out the containers and collections Whether you’re an avid collector or simply have lovely and unique items, it makes no sense to keep them tucked away. Bring out the decorative dishes, bowls, pitchers, the muffin tins and rolling pins (whatever it is that you collect). Hang them together or group them up too.  Instead of having candle holders scattered, place them together on a table – this may also help you find it all much easier when load shedding hits or you could go have some fun shopping for some new decorations.   <img class=\"alignleft size-medium wp-image-9727\" style=\"border-width: 0px; border-color: white; border-image: initial;\" src=\"https://s3.entegral.net/news/Content_img_AdobeStock_286258506\" alt=\"\" width=\"300\" height=\"200\" />   STEP 5: Rearrange your furniture This is one is the most simple and effective ways to feel like a brand-new person in a brand new home.  You’ll be amazed at how different your space looks by simply moving a couch, a table, dresser or your bed. Your room may even end up feeling a little larger. It will certainly feel fresher and newer. Once that’s done, get yourself a game of 30 seconds, order some pizza and spend some time with your loved ones. <h5 style=\"text-align: left;\">#AskEtchells</h5> </body> </html>","category":"Eco and Social","createdAt":"2020-01-31T10:28:00Z","publishedAt":"2020-11-15T10:30:00Z","summary":"It takes just a few simple steps to bring life and fresh energy into your space, so be ready for a little transformation.","title":"Inexpensive Ideas to Freshen Up The Interior of your Home","updatedAt":"2020-11-16T09:08:49.651Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_05_12_56_33_417.jpeg","tags":["property advice","home interior ideas","home decor advice","home and garden"],"url":"eco-and-social/inexpensive-ideas-to-freshen-up-the-interior-of-your-home-15-11-20","gallery":[{"url":"https://s3.entegral.net/news/Gallery_2020_11_05_13_35_57_794.jpeg"}]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"10ec9776ed264ed18a74be676d62b7e9","body":"<!DOCTYPE html> <html> <head> </head> <body> It will certainly be a year to remember, but on a more positive note 2020 has brought with it the promise of new beginnings, fresh starts and changed hearts.    Spending the festive season at home? Why not give your home yourself fresh start in 2021 by getting rid of unnecessary and unwanted clutter. Household clutter can make a home appear cramped, unorganized and unclean.   There is nothing quite as revitalising as a spotless home; this said, busy schedules, limited free time and a tendency to turn a blind eye where clutter is concerned all result in homes that are in various states of disarray.   Where to begin? Start small! It may seem like an overwhelming task, so rather than attempt to tackle a behemoth-sized excavation of the garage, begin with a small, simple job and expand from there. Often sparing 5 or 10 minutes in your day to set furniture in its correct place or sort through mail goes a long way in achieving a clutter-free home. Listed below are a handful of ideas that are sure to help you in reducing and removing clutter on a larger scale.   Donate, Relocate, Keep & Can A creative and effective way to rid your home of clutter is to approach each room one at a time with four cardboard boxes – donate, relocate, keep and can (as in trashcan). It may be tempting to keep everything you set your sights on, but bear your original goal in mind – you intend to declutter!   Sort and place inessential items of furniture in their designated box and then follow through by physically donating, relocating or throwing away the contents. Following this, determine which pieces of furniture are essential in each room, and relocate those that have managed to find their way from other parts of the house.   Toys are a very good example of this – consider investing in a storage ottoman, as these can often double as a toy box and still look attractive at the foot of a bed or in a playroom. It also looks a lot tidier to have the toys packed away and hidden from sight.   When decluttering there are always definite “keeps” and definite “throw-aways”, the problem comes in with the “maybes” as these are more often than not of sentimental value. Place these in a small box/container and store hidden from view. Every couple of months revisit the contents and reassess whether or not they are necessary. Often times you will find that the \"maybes\" can be thrown away or donated.. <h3 style=\"text-align: left;\"> </h3> File Paperwork Designate a spot that is easily accessible but hidden from view for all paperwork, such as a filing box with separate folders that can be stored at the top of a cupboard or shelf.    The folders can be simply labelled according to the paperwork you file away – insurance, medical aid, school, rates & levies, warranties etc. Paperwork is a major contributor to clutter in the home as it tends to find its way into every room and onto every available surface. Receipts, manuals, flyers and mail are repeat offenders!   Having all your paperwork in one place makes locating specific documents much easier. Most people don’t want to risk throwing something away that they might one day need, and so every scrap of paper ends up being throw into a drawer in the entrance hall dresser or piled high on the kitchen counter... Throw away unnecessary paperwork! (It’s unlikely you will ever need the warranty for the TV you no longer own!)     Simply changing small habits by placing paperwork and documents in a filing box will go a long way in keeping your home free of clutter..   Clear Counters Disposing of unnecessary clutter, filing paperwork and relocating furniture results in clear counter- and table tops. Living areas are easily and radically transformed by completing these simple tasks.   Candles, picture frames, vases and other centrepieces make decorative and simplistic additions to these areas, and when placed correctly can enhance, balance or simplify rooms. Other than these, keep your surfaces clear of clutter!   Incorporating these manageable tasks into your daily life and schedule will help reduce and remove unnecessary and unwanted household clutter. Keeping your living areas clutter-free and adopting healthier habits in your home will set you on the right path to a happier, cleaner and more spacious household in 2021. </body> </html>","category":"Eco and Social","createdAt":"2018-01-23T08:37:00Z","publishedAt":"2020-11-15T08:30:00Z","summary":"2020 has come and gone, and with it a host of lows and some highs experienced across every industry and trade in the world, du to Covid 19.","title":"Clear Clutter for a Happier Home in 2021","updatedAt":"2020-11-26T12:38:00.678Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_26_10_25_15_627.jpeg","tags":["home and garden","home decor advice","home interior ideas","property advice"],"url":"eco-and-social/clear-clutter-for-a-happier-home-in-2021-15-11-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"7a193aa6860341559dfbb204c0c1ad36","body":"<!DOCTYPE html> <html> <head> </head> <body> The Rental Market in Gauteng Let’s start off by looking at and understanding the current rental market in Gauteng which, to say the least, is challenging! Currently, mostly as a result of lockdown and oversupply of rental properties, if your rental price is not competitive, you run the risk of sitting with an empty unit for weeks if not months.    Payprop says: \"We’ve seen a dramatic slowdown in rental growth rates since the beginning of the year, but of course this was to be expected. The COVID-19 pandemic has had a predictably significant impact on the rental market.\"   One of the most prominant factors affecting rental growth is affordability as many tenants either lost their jobs or took heavy pay cuts due to Covid 19. Therefore rental growth will be affected for sometime to come.   Payprop: \"The year-on-year (YoY) rental growth rates for April, May and June were 2.3%, 1.1% and 1.6% respectively. This was below the rate of inflation – even as the latter figure dipped to its lowest level in years. At 2.1% year on year, the inflation number for May reached its lowest point since September 2004.\"   If you currently have a tenant occupying your rental property and they are paying regularly and in full, consider doing all you can to keep them.    What can you do Improve your Rental Returns in the time of Covid? Firstly, if you currently have a tenant occupying your rental property and they are paying regularly and in full, consider doing all you can to keep them.    The first step is to identify what you can control with regard to the above. You probably cannot directly control our economy, the financial well-being of your tenant or the supply of new property into the rental market. You can however control how competitive your property is with regards to the rental amount that you charge, how appealing your property is to tenants in your market and how you treat your tenants.   How to prevent your Rental Property from standing vacant Know your market, suburb and complex with regards to competitive current rentals being charged, rental increases and the rental demand. Be realistic about the rental you want to achieve. Do your sums, work out if your property stands vacant for 1, 2 or 3 months due to an unachievable rental price, what your losses will look like in the next year vs dropping the rental price by R500 - R1000.    Make your property desirable – or specifically, more desirable than the guy next door! Make it look and feel modern, neat and tidy. Do you have 10 year old grubby carpets in every room or nice and appealing wooden floors or at least laminate flooring? What does your kitchen look like, would you like to cook in there? When last did you give the property a good coat of paint? Intrinsic to owning a rental property is the need to spend money upgrading your property from time to time, especially when the market is tough.  Spending money on maintenance and upgrades can also be tax deductible, so contact your tax adviser in this regard.   Look after good tenants – if your tenant is a good tenant, pays their rent on time and looks after your property, return that with interest by looking after them. Be responsive to their communication, be considerate to their requests for maintenance and be reasonable with renewals of the lease and rental increases. Communicate professionally, politely and show respect. It is almost always better to renew a lease with a good tenant, even without a rental increase, than to start over looking for a new tenant.   Maintain your property – know what your responsibility is with regards to maintenance and do it! At the same time understand what you tenant is liable for and be firm about this too. One of the biggest complaints from tenants that we deal with on a daily basis in landlords that refuse to take responsibility and do the maintenance and repairs that they are obliged to do.   How to guard against non-payment of rent Screen tenants properly before signing a lease and allowing them to take occupation and control over your property. Make sure that they can afford the rent, verify their income & employment and get a reference from their previous landlord. Be aware of scam artists, there are many out there! Be fair and reasonable when dealing with requests (or fair demands) from your tenant.   Monitor your tenant’s payment behavior and be quick to respond and rectify it if you need to.  Follow the correct legal steps when your tenant stops paying rent or defaults. In this situation, unless you know exactly what to do, get legal advice quickly.   Etchells & Young are industry leaders and experts in placing tenants and managing rental properties. If you need help and assistance with your rental property, get in touch with us.   </body> </html>","category":"Tips for Landlords","createdAt":"2019-11-18T06:03:00Z","publishedAt":"2020-11-15T06:00:00Z","summary":"Let’s start off by looking at and understanding the current rental market in Gauteng which, to say the least, is challenging!","title":"How to Improve Rental Returns in the Current Rental Market","updatedAt":"2020-11-16T09:54:11.872Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_16_09_43_23_559.jpeg","tags":["advice for landlords","property advice","property investment"],"url":"tips-for-landlords/how-to-improve-rental-returns-in-the-current-rental-market-15-11-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"e9732713d2554d4ebe51b456bcee0f84","body":"<!DOCTYPE html> <html> <head> </head> <body> The starting point when considering the imposition of a cancellation penalty in case of early termination of a lease by a tenant, is whether the tenant is a natural or juristic person. If the tenant is a juristic person (a company, close corporation or trust) then it is not afforded protection under Section 14 of the Consumer Protection Act 68 of 2008 (“the Act”). In such circumstances, the tenant’s purported cancellation of a lease amounts to a breach of the lease and the tenant would be liable for damages equivalent to the monthly rental for the remainder of the lease period or until a suitable replacement tenant has been procured, whichever happens sooner. Any other lawful stipulations in the cancellation clause of the lease should also be taken into account. In this regard, it is important to bear in mind that a landlord has a legal duty to mitigate its loss. Although it can claim damages from a tenant which cancels early, it must, nevertheless, take all reasonable steps to market the property and to thus replace the tenant as soon as possible.   If the tenant is a natural person, which is usually the position when it comes to residential leases, then the tenant is afforded protection under Section 14 of Act. Section 14 of the Act allows a tenant to cancel a fixed term residential lease agreement at any time by giving the landlord 20 business days’ notice in writing of its intention to cancel the lease agreement. Such a cancellation would be lawful and would not expose the tenant to the damages referred to above. A tenant cancelling a lease in this manner, will of course remain liable for all amounts due, owing and payable in terms of the lease, up until the date of cancellation. In addition, the tenant will be liable for a reasonable cancellation penalty. The Consumer Protection Act does not define explicitly what a reasonable cancellation penalty is nor does it provide a formula to calculate the penalty which may be imposed. However, Regulation 5 of the Act does set out a number of guiding principles to be considered when determining a reasonable cancellation penalty. These principles are, inter alia, as follows: <ul> <li>The amount for which the tenant is still liable to the landlord as at the date of cancellation of the lease agreement;</li> <li>The value of the rental paid by the tenant prior to the of cancellation of the lease agreement;</li> <li>The duration of the lease agreement as initially agreed between the parties (in terms of the Act, a lease should not exceed 24 months unless it can be shown that there is financial benefit to the tenant in a longer lease);</li> <li>Losses suffered by or benefits accrued to the Tenant as a result of the Tenant entering into the lease agreement;</li> <li>The length of notice of cancellation provided by the tenant to the landlord;</li> <li>The potential for the landlord to find a suitable replacement tenant during the notice period; and</li> <li>The general practice within the property rental industry.</li> </ul> In addition to this, Regulation 5 (3) of the Act further provides that the cancellation penalty cannot equate to an amount higher than the amount that the tenant would have been liable for had it not chosen to cancel. One way for landlord to avoid the onerous provisions of Section 14 of Act, where the circumstances allow, would be to enter into a lease with a juristic person and to secure a suretyship from the occupant of the leased premises. Above all else, in order to protect themselves, it is imperative that landlords carefully screen potential tenants to reduce the risk of non-paying tenants as much as possible. Thorough tenant screening is one of the core functions performed by Etchells & Young when mandated by a landlord to secure a tenant. This article was written by Harris Inc., in association with Etchells & Young Property Brokers. Harris Inc. is a specialist property law firm, providing expert and cost-effective advice and services in all commercial and residential property related matters, as well as conveyancing. <a href=\"http://www.harrisinc.co.za%20\" target=\"_blank\" rel=\"noopener\">www.harrisinc.co.za </a> 011 656 6968 david@harrisinc.co.za  Disclaimer This article is not intended as legal advice. For legal advice, please consult with an attorney. </body> </html>","category":"Tips for Landlords","createdAt":"2019-07-22T08:11:00Z","publishedAt":"2020-11-14T08:00:00Z","summary":"The starting point when considering the imposition of a cancellation penalty in case of early termination of a lease by a tenant, is whether the tenant is a natural or juristic person","title":"Early Cancellation Penalties Applicable To Residential Leases ","updatedAt":"2020-11-30T08:33:28.68Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_03_19_10_56_214.png","tags":["property advice","advice for landlords"],"url":"tips-for-landlords/early-cancellation-penalties-applicable-to-residential-leases-14-11-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"1e8f069377f144cc8a9d781804c2ada8","body":"<!DOCTYPE html> <html> <head> </head> <body> Determining your home’s resale value is the first step in the sales process, but it can be a complex task with so many contributing factors. However, in order to set the Property Price, the Market Value of the property will need to first be established.   The Market Value is the amount that the property is worth in relation to surrounding properties of similar specs, requisite to a fair sale. Essentially it is the price a property should sell for on the open market. Knowing and understanding the property’s Market Value will assist in setting a Property Price that is fair and competitive within its relative market. Several factors, namely location, age and condition of the property, play a key role and should be taken into consideration before setting a property price.   Sellers will always want to sell at the highest possible price, whilst Buyers will want to buy at the lowest price – determining Market Value will provide a platform for both parties to negotiate the transaction. <h5> </h5> <h5>Factors affecting Property Value:</h5> 1. Location Location, location, location! Estate Agents maintain that one of the primary factors that influence a property’s value is the area the home is located in and its proximity and accessibility to amenities. Perspective Buyers place location above all other contributing factors, and as is often the case, will pick the area and then wait for a property to come available that meets their requirements. Certain areas are simply worth more than others.   Amenities in close proximity may either elevate the property’s value or take away from it. Easy access to reputable schools, shopping centers and entertainment facilities, public transport routes and parks will usually increase the value of an area – convenience is a sought-after commodity. However certain areas will be avoided due to traffic congestion or the condition of other homes in the neighborhood. For example, being situated too close to a power station or highway could have a negative impact on the market value.   The condition of the neighborhood, although largely out of the Seller’s control, is another contributing factor. First impressions count!   More and more, Buyers are looking to be situated within a well-maintained, community-centered neighborhood. General upkeep and safety are important aspects to consider in relation to property values within an area, and additional, beneficial services such trash collection, tactical response or security guards, booms and access-controlled gates, gardening services and ample parking also factor in.   2. Condition of the Property As previously mentioned, first impressions are important. It’s advisable that when showing the home to potential Buyers, that it be clean and well-maintained. The general condition of the property is imperative. Unfinished projects and half-built upgrades will inevitably diminish the property’s value as Buyer’s automatically start mentally running costs before they have been won over by the home’s charm.   Renovations, repairs and improvements may add value to a home and facilitate a faster sale, but overspending and “over-improving” when compared with other homes in the area can lead to the Seller not being able to recoup the money spent and essentially losing money on transfer. Personal taste is often a factor that, if structural rather than aesthetic, can hurt the property’s value.   3. Age & Layout Although older homes are generally more spacious, the perceived maintenance, repairs and upkeep associated with older homes has a negative impact on their demand – particularly those with outdated plumbing, roofing etc. Although not always the case, the older the home the less desirable and valuable it becomes.   There has been a shift among consumers to properties that are modern, simplistic and open-plan in layout. When the layout makes it difficult or expensive for a Buyer to customise it to suit their taste without extensive work, the property automatically devalues in their eyes. Newer homes tend to be more sought-after, resulting in faster sales transactions due to high demand.   4. Market Trends Be aware of market trends and how they affect market value. In a Seller’s Market, the supply of property is lower than the demand of Buyers, permitting Sellers to ask a higher price for their properties. Likewise, in a Buyer’s Market the supply of stock is greater than the demand of qualified Buyers, presenting Buyers with more choice and in effect forcing Sellers to lower their asking price in order to sell.   As the Sole & Exclusive agent, Etchells & Young offer to do a Comparative Market Analysis for their clients. An evaluation on comparative pricing of similar properties in the area is a sure way to establish the Market Value, and then correctly and fairly set an asking price. The agent reviews current market trends and the demand in the area, as well as recently sold, expired and active listings nearby to give an accurate and realistic benchmark to facilitate a timely sales transaction between both parties.   Knowing and understanding the factors that influence a home’s resale value will aid both Sellers and Buyers in the sales process.   </body> </html>","category":"Tips for Sellers","createdAt":"2019-04-29T07:16:00Z","publishedAt":"2020-11-13T07:30:00Z","summary":"Determining your home’s resale value is the first step in the sales process, but it can be a complex task with so many contributing factors","title":"Property Price vs Market Value","updatedAt":"2020-11-16T10:27:20.748Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_16_10_09_25_388.jpeg","tags":["advice for sellers","property advice","selling property"],"url":"tips-for-sellers/property-price-vs-market-value-13-11-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"542bc0c733f14a92ad3a99ac4c19e43b","body":"<!DOCTYPE html> <html> <head> </head> <body> Returns on residential property remain attractive. This is because the investment property generates capital growth and in cases where the bond has been repaid in full, an on-going passive income stream. Prospects for creating wealth and equity should be at the very forefront of property investment – capital growth being the highest concern.   What is a Rental Return? The rental return is the rental received annually as a percentage of the cost of the investment property, often referred to as the yield. It is essentially what the owner of the property can expect as a return on his investment. The net rental return is defined as the rental income less direct costs, such as the agent’s commission, levies and special levies, rates and taxes, insurance and the potential cost of maintenance.   Factors that directly affect Net Rental Return: The investment potential of a property is influenced by the rental demand for it and the direct costs involved in owning and maintaining it. When considering a property for investment purposes one should first and foremost consider its rentability. The astute investor will take into account the rental demand for prospective properties, which can be further broken down into location, proximity to amenities, security, layout and finishes, general condition of the property and rental value.   Direct costs such as the agent’s commission, levies, special levies, rates, taxes and insurance all have a direct affect on the rental return as these costs will cut into the owner’s profit.   The general condition of the property and potential maintenance requirements in respect of this will also have an effect on the net rental return.   Although not a direct factor, a tenant’s payment behaviour will certainly influence the net rental return.  Property investors should avoid having to deal with the stresses of non-paying tenants by appointing a reputable Estate Agency to screen and filter potential tenants for them. The systems and procedures that the Agency has set in place to verify credit and FICA information, as well as previous rental and employment history, are essential in reducing the potential of a non-paying tenant.   What a Good Investment looks like: The yield potential of a property is likely the most important thing to consider when investing, especially if the investment property is bonded.  The rental return received is often used to fund the bond repayment if the property is bonded. A good investment is one where the net rental return covers the full bond, and the investor is not required to fund the bond payment shortfall out of his savings. The sooner the net rental return covers the bond the better the investment - this is a key indicator for investors who have bonded their properties. When the bond has been repaid in full, the property then generates an on-going passive income for the investor.   Investors accept that the first three to five years would require additional funding to cover the bond repayment shortfall, and they make provision for this in their investment planning. A detailed cash flow analysis is a simple solution to calculating rental return vs bond repayments.   Yield potential, market price, location, features and finishes, security, layout and proximity to amenities all impact the rentability of a property, which in turn affects the net rental return, affecting the prospective investment.   </body> </html>","category":"Tips for Landlords","createdAt":"2014-11-27T06:23:00Z","publishedAt":"2020-11-13T06:30:00Z","summary":"Returns on residential property remain attractive. This is because the investment property generates capital growth and in cases where the bond has been repaid in full, an on-going passive income stream","title":"Introduction to Rental Returns","updatedAt":"2020-11-24T12:40:23.741Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_03_19_06_13_899.jpg","tags":["advice for buyers","advice for landlords","property advice","buying property","property investment"],"url":"tips-for-landlords/introduction-to-rental-returns-13-11-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"95a122d65b7647f09131cbe512eb6454","body":"<!DOCTYPE html> <html> <head> </head> <body> Can I cancel my offer to purchase?   Offer to purchase = OTP   An offer to purchase (OTP) is a document that is signed by a prospective buyer stipulating the sum of money that he is willing to pay to buy the seller’s property, as well as containing the conditions related to the transaction.   This document is usually drawn up by the estate agent holding the mandate and the seller accepts the offer by signing it. Once the OTP is signed by all parties, it becomes legally binding on the parties.     If the buyer changes his mind after all parties have signed the OTP, is it possible to cancel?   Well yes, it is almost always possible to cancel, but the question is: what will it cost you? The buyer will usually not be able to cancel the OTP after both parties have signed without any consequences, unless the OTP specifically provides for this. One of the few exceptions would be if the provisions of a suspensive condition are not met.   A typical suspensive condition will be that the buyer must secure a bond for a specific amount within a specific timeframe.  If the buyer fails to secure a bond (but he must apply and do all reasonably possible to get one), then the OTP will fall away without consequence or penalty.     A suspensive condition literally means that the offer is suspended until that condition is met.  This will usually be for a specific and pre-set time, so that it is not dragged out forever.  Once the condition(s) is/are met, e.g. bond is granted, the OTP becomes a Deed of Sale and is a valid and legally binding document that will be used to transfer the ownership of the property from the seller to the buyer.     Always thoroughly read through the OTP and ask your agent if there are any clauses that are not clear or that you do not understand!   A few tips to keep in mind when signing an OTP: <ul style=\"list-style-type: disc;\"> <li> The seller wants to sell his property, so will accept the OTP with the best chance of succeeding (should he be able to choose) on the best possible terms, so we recommend that buyers always have a pre-approved bond. </li> <li> Do not sign an OTP if you do not want to buy that property. </li> <li> Make sure you understand what you are signing. </li> <li> If the stipulations in the offer are not legally binding, the contract could be void, so do not insist on terms that cannot be enforced. #AskEtchells - For any questions and queries please email harry@etchellsandyoung.co.za </li> </ul> </body> </html>","category":"Tips for Buyers","createdAt":"2018-11-01T08:40:00Z","publishedAt":"2020-11-12T08:30:00Z","summary":"Can I cancel my offer to purchase?Offer to purchase = OTPAn offer to purchase (OTP) is a document that is signed by a prospective buyer stipulating the sum of money that he is willing to pay to buy the seller’s property","title":"Can I Cancel My Offer To Purchase?","updatedAt":"2020-11-25T09:22:48.942Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_03_19_08_55_545.jpg","tags":["advice for buyers","buying property","property advice"],"url":"tips-for-buyers/can-i-cancel-my-offer-to-purchase-12-11-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"d7d619d98ece45fa8a39ecdc40eb0a93","body":"<!DOCTYPE html> <html> <head> </head> <body> Who is Responsible for Maintenance in Rental Property - Landlord or Tenant?  By - Harry Meyburgh, Director at Etchells & Young   The issue of maintenance in a rental property is arguably one of the most contentious and one that leads to many disagreements between landlords, tenants and agents, often resulting in court cases or the lodging of complaints at the Rental Housing Tribunal.  This is usually because of unsound reasoning and a lack of understanding of the legal principles around the maintenance responsibilities in a rental property.  There are certainly many grey areas, but we will try to clarify.   The Rental Housing Act places an obligation on the landlord to provide the tenant with a dwelling that is in a ‘habitable’ condition. This means the property must be safe and suitable for living with specific reference to:  <ul style=\"list-style-type: disc;\"> <li> Adequate space; </li> <li> Protection from the elements and other threats to health; </li> <li> Physical safety of the tenant, the tenant’s household and visitors; and </li> <li> A structurally sound building. </li> </ul> Furthermore the Landlord must ensure that the tenant enjoys undisturbed use of the property by maintaining the outside, incl. walls and roof, and the electrical, plumbing, sanitary, heating, ventilation, air conditioning and elevator systems (as applicable).  And here is the BIG one – the Landlord must repair any damage or replace items caused by fair wear and tear (more about that coming up).   The Unfair Practice Regulations of the Rental Housing Act also stipulate that the Landlord must effect repairs for which he is responsible (as identified during inspections or on receipt of a notice from the tenant to do such repairs) – within 14 days or such further period as agreed between the landlord and tenant.   That makes sense right?  After all, the Landlord is receiving money from the tenant to live in the property and therefore the tenant must be able to enjoy the benefits for which he is paying.   The other side of the coin is that the same Rental Housing Act also places certain obligations on the Tenant with regards to maintenance and specifies that the Tenant must maintain the property in a clean tidy and safe state of repair; use all electrical, plumbing, sanitary, heating, ventilating, air-conditioning and other facilities and appliances in a reasonable manner and refrain from intentionally or negligently damaging the property.     The Rental Housing Act goes on and stipulates that the tenant is also responsible to maintain replace or repair electrical globes, fittings and switches, water-borne taps, stoves, locks, handles and windows where such damage has not been due to natural causes as well as maintaining the swimming pool (if any) including but not limited to all pumps, hoses & accessories in good order and repair, subject to fair wear and tear.  And of course maintaining the garden (if any) and keeping it neat and tidy.   That is quite a mouthful, but it makes sense too as the tenant is after all living in the property, using all these items on a daily basis and enjoying the benefit of being there.   Then the BIG one for tenants– to return the property in the same condition as the tenant received it, fair wear and tear excluded. (there it is again!) Remember that this also means that the property needs to be properly cleaned by the tenant before they leave.  When cleaning we need to ask – is it clean enough that a new tenant coming is will be happy with the cleanliness of this property?   So, let’s look at FAIR WEAR and TEAR - it means the damage or loss to an item which happens as a result of ordinary use and exposure over time.  Exposure refers to the effect of natural elements, such as sunlight and rain on the property, furniture or fittings.  So, how do wear and tear item affect a tenant?   Marlon Shevelew, one of SA’s top Rental Property Lawyers and a renown Rental Expert explains: “To understand it better, a general rule of thumb is that if a tenant has damaged something that does not normally wear out, or the tenant has substantially shortened the life of something that does wear out, the tenant may be charged the pro-rated cost of the item. The landlord should take into account how old the item was and how long it may have lasted otherwise, as well as the cost of replacement.”   The landlord should not be unfairly enriched nor unfairly improve the condition of his property beyond what it was at the time that the tenant took occupation. As an example, if the inside of a property was last painted 4 years ago and the accepted life-span of a good coat of paint is 5 years, and the tenant damaged or dirtied one wall, the Landlord cannot repaint the entire property at the expense of the tenant.  He should only charge the tenant for the repainting of the wall that was damaged /dirtied and then also take into account that he would reasonably have had to repaint the property within the next year himself anyway.  He should therefore apply only a pro-rata cost, based on the 5 year life-span of the painting, for the repainting of that wall to the tenant.   Common Examples of Fair Wear and Tear: <ul style=\"list-style-type: disc;\"> <li> Faded paint or wallpaper due to sunlight </li> <li> Carpet wear caused by normal use </li> <li> Furniture marks in carpet </li> <li> Warped doors caused by age, temperature or moisture </li> <li> Warped windows caused by the flow of the glass </li> <li> Dents in walls from door handles </li> <li> Broken appliances, if not from misuse </li> <li> Faded curtains </li> <li> Dirty grout. </li> <li> Tarnish on bathroom fixtures. </li> <li> Loose handles or doors on kitchen or bathroom cabinets </li> </ul> Common Examples of what is NOT Fair Wear and Tear: <ul style=\"list-style-type: disc;\"> <li> Holes in the walls </li> <li> Broken tiles or fixtures in bathrooms </li> <li> Clogged Drains and Toilets due to misuse – flushing Pads, Nappies, etc. </li> <li> Broken or chipped plaster on walls </li> <li> Removing paint and repainting where the tenant painted a wall badly </li> <li> Tears, holes or burn marks on carpets, curtains or wooden floors </li> <li> Animal stains in the carpet caused by domestic animals or leaking fish tanks </li> <li> Broken windows and window screens </li> <li> Broken doors and locks </li> <li> Broken appliances due to negligence </li> <li> Excessive dirt in oven or on stove </li> <li> Broken or missing window blinds </li> <li> Flea and pest extermination </li> <li> Excessive mildew and mould in bathroom </li> <li> Excessively dirty bath, shower, sink, mirrors or toilet </li> <li> Cracked kitchen or bathroom countertops. </li> </ul> A good lease agreement will include the obligations contained in the Rental Housing Act (which will apply even if they were not contained in the lease), but will also contain additional responsibilities that are fair, reasonable and practical.   How to avoid arguments and legal fights related to maintenance issues: <ul style=\"list-style-type: disc;\"> <li> Educate yourself by knowing the relevant law and know what is required of you in terms of the lease that you signed, irrespective of if you are a Landlord or Tenant! </li> <li> As a Tenant, report items that become defective as soon as you become aware of it, especially if it is an item that the Landlord is responsible for. Do not leave them until they become an emergency issue and then also your responsibility! </li> <li> Landlords and Agents should conduct regular inspections of the property to identify any potential problems early on. </li> <li> Do any required maintenance when it is required and convenient, don’t leave it until after the lease has ended. </li> <li> Apply generous amounts of common sense and do what is right! </li> <li> Make use of the services of a Professional Rental Management company to handle all issues fairly and correctly. </li> </ul> </body> </html>","category":"Tips for Landlords","createdAt":"2018-07-02T06:48:00Z","publishedAt":"2020-11-12T07:00:00Z","summary":"Who is Responsible for Maintenance in Rental Property - Landlord or Tenant? By - Harry Meyburgh","title":"Who is Responsible for Rental Property Maintenance – Landlord or Tenant?","updatedAt":"2020-11-25T09:17:15.162Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_03_19_08_20_128.jpg","tags":["advice for landlords","property investment","property advice"],"url":"tips-for-landlords/who-is-responsible-for-rental-property-maintenance-landlord-or-tenant-12-11-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"5ed19d4a6a824343822ef591468d9234","body":"<!DOCTYPE html> <html> <head> </head> <body> Deciding to sell your home is a big decision, and one that requires careful thought and proper planning. It’s tempting to consider this option amidst a global pandemic and political upheavel. Many homeowners feel compelled to make a hasty sale before things get worse; however, this often results in significant financial loss.   Whether it’s out of necessity or for convenience, the long-term, cost-saving potential is a major reason homeowners choose to downscale. Buying smaller will lower your financial commitments in terms of bond repayments and utility bills. When coupled with a reduction in day-to-day living expenses, these factors may contribute to a significant increase in the amount of income saved.   Deciding to rent rather than buy has the added advantage of increased mobility and flexibility – tenants need only fulfil their notice period if lifestyle changes (such as a job opportunity or relocation) require them to move on short notice. This is particularly attractive to South Africans who fear the financial constraints of homeownership. The landlord carries the financial responsibility of loan repayments and utility bills, and major repairs and maintenance are for the landlord’s bill.   This said, downscaling is a costly, highly stressful decision, and all factors relating to the costs involved in selling, moving and storage, as well as the time and energy spent house-hunting, need to be taken into consideration.   If you have decided that downscaling is in your best financial interest, ensure that you have considered how a change in area may affect transport costs (petrol etc), the difference in monthly rental vs. the monthly home loan repayment, costs saved on maintenance and levys, home insurance etc. Save or invest whatever you can!   A level head and sufficient research should always accompany property sales. Accepting a lower purchase price is likely to affect the deposit you put down on a new home, should you wish to buy rather than rent. A higher deposit, especially in such a tough economic climate, will strengthen your buying power and cause financial institutions to look favourably on your home loan application. It is within your best interest to put down the highest deposit possible. Therefore, accepting the first offer for fear that you won’t receive a higher one is seldom the best selling decision, especially in terms of protecting the equity in your home.   Although the economy faces an uncertain future, homeowners are urged to ride it out. Property is, and always has been, a predominantly stable investment prospect. Well-maintained homes situated in sought-after areas that sold for R300 000 fifteen years ago now fetch 10 times that amount. Although the recession significantly affected HPG, properties have continued to climb in value. A long-term view of house price growth shows an exponential increase.   However, having taken all aspects into account, if you do decide to sell, make use of a reputable, well-established Estate Agency with access to an extensive buyers list. Use an Agency that is recognised and trusted within the industry, and has a prominent position on popular property platforms, reaching a broad audience of potential buyers.   Why use an Etchells & Young Estate Agent to Sell your Property? Using a reputable estate agent with professional sales training and experience to sell your property is crucial. We have a strong team of highly-qualified agents who are equipped to get you the best price in the shortest time possible, providing personalised service and consistent updates during the sales process.   Our successful sales agents possess a combination of powerful negotiation skills, strong interpersonal abilities and an in-depth knowledge of the sales process. Industry experience and market knowledge are essential to our high service standard.   We have an ongoing buyers list from our large rental book of investors & tenants, combined with aggressive marketing & advertising we are able to promote your property to existing, qualified buyers.   Combining our real estate knowledge and experience with cutting edge technology in the digital space has enabled us to find the right buyer much faster and positions us well ahead of other traditional Estate Agents. </body> </html>","category":"Tips for Sellers","createdAt":"2017-06-28T03:12:00Z","publishedAt":"2020-11-12T03:00:00Z","summary":"Deciding to sell your home is a big decision, and one that requires careful thought and proper planning. It’s tempting to consider this option amidst a global pandemic ","title":"Avoid Panic Selling!","updatedAt":"2020-11-25T09:44:19.452Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_25_09_44_19_138.jpeg","tags":["advice for sellers","selling property","property advice","property investment"],"url":"tips-for-sellers/avoid-panic-selling-12-11-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"fff1410f2eb34af89b3501323cea99d5","body":"<!DOCTYPE html> <html> <head> </head> <body> Listed below are a few examples of factors that affect the rental demand for a property, which essentially has an effect on its investment potential.   Price: Setting the rental amount higher than similar rentals in a similar area often results in the property not being rented out in a timely fashion. Although a higher rental price would mean a higher rental income for the investor, it often isn’t worth the cost of having an empty unit when a suitable tenant isn’t found before the lease expires.   With a broad variety of online property listings aspirant renters have a wealth of information at their fingertips, and will often “shop around” when they come across an area or complex that they like. This means that property that is priced too high in comparison with other property in the area is simply skipped over.   But if the rental is set too low the landlord loses money – this is detrimental if the property is bonded as the owner would have to fund the shortfall out of his savings.  The rental amount, therefore, directly affects the rental demand. Reputable estate agents are able to give a comparative market analysis that has the owner’s best interests at heart – namely pricing the property correctly to rent it out in a timely fashion. But investors should always do their homework before buying property as an investment.   Location & Proximity to Amenities: The property’s location and its proximity to major work nodes, public transport routes, highways, schools, shopping and leisure facilities and other amenities will have a large impact on its rental demand. The importance of lifestyle and convenience for working professionals and families is becoming increasingly more evident in the areas that they’re looking to rent in and what those areas include in respect of amenities and facilities.   In relation to that, what the property or complex offers also has an effect on the net rental return. For example, if the complex has a pool and clubhouse facility this potentially raises the demand for a unit in that complex and allows for a slightly higher rental to be charged when compared with a property of similar specs without a pool or clubhouse. However, the levies are higher in complexes that have a pool, which affects the landlord’s net rental return. The same could be said for a neighbourhood community hiring a 24hour guard, with the guard’s wages falling into the direct costs category affecting the yield.   Over-capitalisation, where the purchase price paid for a property is greater than its real market value, can have negative consequences on the investor’s attempts to obtain a sound return on investment. The price ceiling of the neighbourhood/area of a potential investment property is extremely important to avoid over-capitalising. An astute investor will know and understand which areas to invest in and the financial homework required to make informed decisions regarding purchase price and location. Location and price appreciation go hand-in-hand!   Security: The overall security of the property is another factor of high importance. Whether it’s an apartment in a secure complex with a guard or a freestanding house with an alarm system and electric fencing – security is a top priority for any tenant. Features such as a boomed-off street, a 24hour guard, trellidoors or ccTV will add value to your property and increase the demand for it.   Layout & Finishes: The majority of South Africans are looking for a low-maintenance home with an open plan layout and modern finishes. The number of bedrooms, bathrooms and whether there is sufficient covered parking all play a vital role. The rest is then left up to the tenant’s personal preference- apartment or freestanding, gardens or balconies, ground or 1st floor, pet friendly etc. As the general condition of the property is usually the first thing that potential tenants will take note of, landlords should make a concerted effort to maintain their properties to a level that is satisfactory and habitable, especially with older properties.   In terms of whether to invest in an apartment or freestanding home, rental returns are higher on smaller properties and it is often easier to find tenants for one/two bedroom apartments than it is to find tenants for a four bedroom house. Tenants looking to rent are in the market for low-maintenance lock-up-and-go homes in secure communities, making sectional title units more popular than free-standing houses. Percentage wise, the rental returns decrease with an increase in property value. Buying several smaller properties as opposed to a larger and more expensive one increases rental return as well as spreading the investment risk.   Body Corporate & Managing Agents: Complexes have become a popular choice for many South Africans because of the security and lifestyle benefits they offer. The management and governance of a Body Corporate/Managing Agent is advantageous to both tenant and landlord, and both parties are aware of the value of buying into or renting in a well-run complex with high-quality communal facilities.   From an owner’s perspective, maintenance costs are usually lower with a sectional title property as the maintenance and repairs to the interior of the unit, such a painting, carpeting, replacing bulbs etc, fall under the landlords’ care.  The exterior maintenance and upgrades (the structure) are typically covered by the monthly levies and attended to by the Body Corporate/Managing Agent.   Price, location, proximity to amenities, security, layout, finishes, age of property and the governance of a body corporate all have significant roles in the demand for a rental property. </body> </html>","category":"Tips for Landlords","createdAt":"2014-12-02T10:31:00Z","publishedAt":"2020-11-11T10:30:00Z","summary":"Listed below are a few examples of factors that affect the rental demand for a property, which essentially has an effect on its investment potential","title":"Factors affecting Rental Demand","updatedAt":"2020-11-25T09:54:40.087Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_25_09_48_55_714.jpeg","tags":["advice for landlords","property advice","property investment"],"url":"tips-for-landlords/factors-affecting-rental-demand-11-11-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"cd47ebd90d764eb8904e52b8a2046e9b","body":"<!DOCTYPE html> <html> <head> </head> <body> Just like most property owners have some serious concerns about any new tenant moving into their rental property (will they look after my property, will they pay their rent on time, will I have to incur the costs and pain of eviction if they don’t?); the two biggest issues/fears that tenants have when renting a property are:  1) What if the landlord does not do the maintenance that he is supposed to in terms of the lease and I don’t get what I am paying for?  2) Will the landlord refund my deposit after I move out?     Of course this does not mean that all landlords will act in this way, but the problem is that some landlords do act in this way and have little regard for a tenant’s rights and the tenant will not know this until it is too late.     Smart Tenants have realised that they have a much better chance of being treated fairly and in accordance with the law, if they choose a rental property that is professionally managed by reputable, Smart Estate Agents.     Smart Agents do after-all know that their professional reputation is on the line and will make sure that they will treat both tenants and landlords, fairly and in accordance with the terms of the lease and the law.   Who are these Smart Tenants? <ul style=\"list-style-type: disc;\"> <li> They know the rental amount that they can afford and rent within their means. </li> <li> Pay their rent on time. </li> <li> Will look after a rental property as their own and want to be treated well in return. </li> <li> Get a sense of security and comfort knowing a Smart Agent will be assisting and dealing with all issues related to the property. </li> <li> Know that their deposits are safe and secure in a Smart Agent’s Trust Account </li> <li> Know that they will not be scammed by Smart Agents. </li> <li> Have peace of mind when dealing with Smart Agents </li> <li> They know their rights! </li> </ul> Smart Landlords <ul style=\"list-style-type: disc;\"> <li> Know the value of their own time </li> <li> Are happy to let a Smart Agents handle all aspects of their rental properties, knowing that the property and all related issues are in good hands. </li> <li> Are happy to pay for a service that will end up saving them time and money in the long run. </li> <li> Know that they have a business partner to take care of their investment property business in a Smart Agent </li> <li> Know that they need to properly maintain their rental properties to ensure that they attract and keep Smart Tenants. </li> <li> Know that they get quality service and a trustworthy relationship from a Smart Agent </li> </ul> Smart Estate Agents <ul style=\"list-style-type: disc;\"> <li> Are ethical, professional and legally allowed to act as Estate Agents (registered with the EAAB) </li> <li> Ensure fair and legally compliant lease agreements are signed between landlord and tenant </li> <li> Know the business and complexities of the rental industry and understand that more than 20 different Acts, Amendments and Regulations affect the property rental industry. </li> <li> Have the experience to handle difficult rental situations every day. </li> <li> Deal with all maintenance and repairs as required in the property </li> <li> Have systems in place to deal with maintenance and emergencies 24/7 </li> <li> Are specialists in property management </li> <li> Are excellent communicators and take care of problems </li> <li> Have your best interest at heart </li> <li> Send correct invoices to tenants on time </li> <li> Deal with all body corporate issues related to landlord and tenant </li> <li> Provide assistance with legal issues and know when to pass matters on to Smart Attorneys </li> <li> Know the value of a Smart Tenant! </li> </ul> So, in summary, Smart Tenants prefer to rent properties that are well managed by Smart Agents, because they will have the comfort of knowing they will be well treated, repairs and maintenance (if required) will be done, and assuming they return the property in the same good condition after the lease ends, they will not have a problem getting their deposit back.  Furthermore they know that they will always be able to get hold of their Smart Agent, to deal with problems or emergencies and they can always expect to receive good, solid advice from them. By - Harry Meyburgh #AskEtchells </body> </html>","category":"Tips for Tenants","createdAt":"2018-08-13T06:06:00Z","publishedAt":"2020-11-11T06:00:00Z","summary":"Just like most property owners have some serious concerns about any new tenant moving into their rental property (will they look after my property, will they pay their rent on time","title":"Why Tenants prefer to Rent Professionally Managed Properties","updatedAt":"2020-11-25T09:53:10.557Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_03_19_08_36_465.jpg","tags":["property advice","advice for tenants","advice for landlords"],"url":"tips-for-tenants/why-tenants-prefer-to-rent-professionally-managed-properties-11-11-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"3e457a3f1fa94f8e8151dba4e56cbd17","body":"<!DOCTYPE html> <html> <head> </head> <body> When buying a property, whether it be for investment purposes or a home to live in, it is often the biggest financial commitment an individual makes, and it is therefore very important to ensure that that investment is properly protected. The most direct way of doing this is via your insurance.   The main purpose of homeowners insurance is to financially prepare and protect an individual in the event of loss or damage to the physical structure of their property and the contents therein. This includes the permanent fixtures and fittings - such as walls, roof and flooring, as well as garages, driveways and other outdoor structures. Insurance providers usually offer various levels of protection according to the needs of the homeowner.   Property owners need to ensure that they fully understand what their policy does and does not cover, to avoid nasty surprises when disaster strikes. Often a homeowner will under-insure their property in an attempt to save on monthly costs, but when the time comes for claiming the insurers will not settle their entire claim, leaving the property owner to fund part of the repair or replacement costs out of their own pocket.   Insuring a property for less or more than it’s real market value could mean a loss either way - the market value and replacement value of the property in question go hand-in-hand and should be proportional.   When bonding a property financial institutions insist on both life insurance (to cover the bond in the event of death) and building insurance (to cover the home in the event of damage). It is often more cost-effective to shop around for competitive insurance quotes than to accept the policy the bank provides.   Regarding sectional title units; the structure is often insured by the Body Corporate and the premium included in the monthly levy. Contents insurance is then taken out by the tenant or individual occupying the property to cover their possessions within the home.   Consolidating household, vehicle and contents insurance under a single insurance provider will reduce the overall monthly cost of insurance, saving in the long run. Finding a suitable policy that caters to individual needs is best done through comprehensive quote and cover comparisons – there are numerous reputable insurance providers and many offer inclusive and additional benefits or cash-back deals with their policy packages.   Most policies will cover you for loss or damage caused by theft or attempted theft, fire, subsidence or explosion, acts of nature (floods, earthquakes, wind, storms, lightning or hail), power surges, impact by vehicles, aircrafts or falling trees and bursting geysers or pipes.   Some insurance providers will offer additional benefits and optional extras, such as temporary accommodation or covering the cost of a fire brigade callout, as well as liability coverage for people other than those of your household or domestic employees.   Familiarise yourself with what your policy covers with regards to environmental and accidental damage, and ensure that your most valuable assets are properly protected through comprehensive cover with a reputable insurer. </body> </html>","category":"Tips for Landlords","createdAt":"2014-12-12T13:42:00Z","publishedAt":"2020-11-10T13:30:00Z","summary":"When buying a property, whether it be for investment purposes or a home to live in, it is often the biggest financial commitment an individual makes, and it is therefore very important to ensure that that investment is properly protected","title":"Be Sure to Insure your Investment","updatedAt":"2020-11-25T09:57:52.102Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_25_09_57_51_931.jpeg","tags":["advice for landlords","property advice","property investment"],"url":"tips-for-landlords/be-sure-to-insure-your-investment-10-11-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"48f0e06bcf0b4b4d9b41fbea66ee2b27","body":"<!DOCTYPE html> <html> <head> </head> <body> You rely on the monthly rental to gear yourself and to allow you to bask in the glory of the eventual post bond annuity income and the concomitant “capital appreciation”, to allow you to grow your property portfolio and to strive to become a property doyen… or something like that.   But the tenant does not pay the deposit on time or at all, he pays the rent late or not at all, he loses his job, his new job pays less than his old one, he splits from his partner, his cousin needs to move in, he has alleged “squatter rights”, he is going to the rental or consumer tribunal (whichever is closer), he has nowhere else to move to! You can’t get hold of him on the phone because every time you pick up the phone to call, you end up placating a disgruntled bank manager as to the short bond payments on the property that was supposed to make you money, not cost you!   Okay, a bit melodramatic, but a lot of truth lies in the fact that a non-paying tenant is very dangerous.   A few inescapable points of warning which might help: <ul style=\"list-style-type: disc;\"> <li> Screen your tenant; be merciless in your criteria. After all, this is a business decision. </li> <li> Have a decent legal compliant lease in place. </li> <li> Have a respected managing agent to assist you, if you are happy to pay for this service. </li> <li> Be vigilant with incoming inspections, snag lists – these will bite you come the expiration of the lease and outgoing inspection, if not done correctly. </li> <li> Get the deposit upfront to cover potential damages or get a deposit guarantee or deposit insurance and make sure that if it needs to be utilised during the currency of the lease that the tenant replenishes it. </li> <li> Remind the tenants about imminent rental payment, belated payments and always draw the tenant back to the lease terms and consequences of not paying; Having a rental guarantee or rental insurance will be of great help. </li> <li> Have a decent attorney on standby in case points 1 -6 don’t work out </li> </ul> Article written by Marlon Shevelew More about Marlon Marlon Shevelew and Associates Incorporated is a Law Firm comprising four lawyers, a consultant, a paralegal and supporting administrative staff. <a href=\"http://www.marlonshevelew.co.za/\">www.marlonshevelew.co.za</a> </body> </html>","category":"Tips for Landlords","createdAt":"2014-07-02T06:22:00Z","publishedAt":"2020-11-10T06:30:00Z","summary":"A non-paying tenant can put a real spanner in your investment works...","title":"The Unpaid Landlord","updatedAt":"2020-11-25T10:13:24.753Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_25_10_02_51_054.jpeg","tags":["property advice","advice for landlords","property investment"],"url":"tips-for-landlords/the-unpaid-landlord-10-11-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"4328b9cbc77f4c03b4d65d5ebf279090","body":"<!DOCTYPE html> <html> <head> </head> <body> Rental Housing Tribunals: Rental Housing Tribunals are in the process of being established in all provinces in accordance with the Rental Housing Act 1999 and Rental Housing Amendment Bill; many having already had a significant influence on conflict resolution in the rental housing market.   The Tribunals’ rulings are as enforceable and indisputable as those made by a competent Court, and landlords and tenants are encouraged to use these services to settle unfair practises legally and fairly, and to avoid taking matters into their own hands. Competent and qualified members of the Tribunal have been appointed by the MEC for this very reason; so both parties can rest easy that their complaints will be dealt with in a fair and just manner.   Issues dealt with by the Tribunals: The Tribunals have been put in place to facilitate relationship building and conciliation between landlords and tenants, and to end unfair practices between the parties involved. This includes forceful removal of the tenant, unlawful lock-changing/lockout, disconnection of water and lights, withholding a security deposit, non-payment of the rental amount, failure to attend to maintenance and other practices that violate either party’s rights or are in breach of the lease agreement. According to the City of Tshwane website, the following issues are dealt with by the Gauteng Rental Housing Tribunal: <ul style=\"list-style-type: disc;\"> <li> Deposits </li> <li> Lease </li> <li> Rights and duties of the landlords and tenants </li> <li> Non-payment of Rentals </li> <li> Exploitative rentals </li> <li> Condition, use and maintenance </li> <li> Utility services </li> <li> Damage to property </li> <li> Eviction </li> <li> House rules </li> <li> Intimidation </li> <li> Issuing of receipts maintenance </li> </ul> Lodging Complaints: Landlords or tenants may lodge real complaints at their local Housing Tribunal and a mediator is then assigned to oversee the case and its resolution process. The mediators have established a case management system where all relevant information regarding the case is organised, easily accessible, and efficiently communicated to all parties. Solutions to disputes are often reached before a hearing is set simply because the landlords and tenants have a knowledgeable third party to receive legal and fair advice from.   Matters may take several weeks to reconcile purely because of the large number of cases being dealt with, but utilising this service facilitates conflict resolution in an objective, impartial and reasonable manner in line with the provisions and regulations of the Rental Housing Act.   Landlords and tenants should not make the mistake of underestimating the authority of the Rental Housing Tribunals. Fines and imprisonment are enforceable by the Tribunals if compliance is not met; this in keeping with the Rental Housing Amendment Bill’s objective to extend the influence and authority of the Rental Housing Tribunal.   The Tribunals are taking notable steps in promoting stability and cooperation in the rental housing sector, and their institution and continued improvement have seen many disputes settled.   </body> </html>","category":"Tips for Landlords","createdAt":"2014-09-25T05:55:00Z","publishedAt":"2020-11-08T06:00:00Z","summary":"Rental Housing Tribunals:Rental Housing Tribunals are in the process of being established in all provinces in accordance with the Rental Housing Act 1999 and Rental Housing Amendment Bill; many having already had a significant influence on","title":"Conflict Resolution between Landlords & Tenants","updatedAt":"2020-11-25T10:42:26.697Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_25_10_12_17_066.jpeg","tags":["property advice","property investment","advice for landlords"],"url":"tips-for-landlords/conflict-resolution-between-landlords-and-tenants-08-11-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"cc6a6ab99e1849debed01a492d30ab1a","body":"<!DOCTYPE html> <html> <head> </head> <body> Rental Increases – Advice to Landlords & Tenants Landlords balance the rising costs of owning a property with growing investment returns. Tenants, on the other hand, are doing their own balancing act when it comes to juggling rising household expenses, employment uncertainty, rumerous economic pressures, not to mention Covid. Negotiating a fair and justifiable rental increase can seem unlikely at best.   Rental accommodation remains in high demand. With today’s financial pressures many South Africans are unable to afford the high costs involved in owning their own home or in securing a bond – the only other option available to them is to rent.   The current situation is that for every tenant there are hundreds of similar properties to choose from and prices are competitive. Increasing the rent to more than the current rate of inflation in an effort to maximise investment returns could potentially cost a landlord a very good tenant.   This should persuade landlords to retain reliable tenants by posing a reasonable, inflation-related escalation when it comes time for the renewal, and being negotiable where appropriate.   If the tenant feels that the landlord is being unreasonable they may give notice of the lease’s termination and seek more affordable accommodation. For tenants with a good payment and rental history it’s relatively simple to find something that better suits their budget. Trustworthy tenants are highly sought-after given the high number of tenants paying late, in-part or not at all.   Landlords are advised to take the cost of finding a new tenant into consideration should their tenant decide to move on. Agent fees, advertising, cleaning, maintenance and repairs are all possible expenses the landlord faces should their tenant decide not to renew. The risk of a long-term vacancy and the time and energy needed to find a suitable replacement are major inconveniences. There is nothing more crippling to investment returns than a lack of rental income!   Advice to Landlords Be careful not to sacrifice a good, paying, long-term tenant who requests a lower increase for a potentially higher return. Determine an appropriate rental increase year-on-year.   The Rental Housing Act Unfair Practices Regulations states that a fair and reasonable increase needs to be negotiated with the tenant – as is often the case, the agreed percentage is stipulated in the lease agreement before both parties sign.   Should the tenant request a lower rental increase, base the decision on their rental history (did he/she pay on time and in full?), tenant history (has he/she looked after the property in question?), market trends and economic conditions (is this increase sustainable to the tenant?), inflation rate and the landlord’s current return on investment.   Advice to Tenants A tenant that pays on time and in full every month and takes care of the property to the best of their abilities will be in a better position to request a lower increase.  A general idea of the market and area trends will assist in proposing a fair increase. Demanding impractical changes and maintenance to the property on a continual basis will not give the landlord any incentive to consider a lower increase. </body> </html>","category":"Tips for Landlords","createdAt":"2015-06-24T11:49:00Z","publishedAt":"2020-11-05T12:00:00Z","summary":"Rental Increases – Advice to Landlords and Tenants. Landlords balance the rising costs of owning a property with growing investment returns","title":"Rental Increases - Advice to Landlords & Tenants","updatedAt":"2020-11-25T10:41:36.213Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_25_10_22_25_735.jpeg","tags":["advice for landlords","advice for tenants","property investment","property advice"],"url":"tips-for-landlords/rental-increases-advice-to-landlords-and-tenants-05-11-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"2bbe65b5af6d461bacb03ef0e7f9e0b4","body":"<!DOCTYPE html> <html> <head> </head> <body> As the saying goes - the early bird catches the worm - and arming yourself with as much information as possible to get the best deal when making one of the biggest investments of your life is, in fact, catching the worm. One can get lost in the utopia of finding the house your dreams and securing finance without actually paying attention to the unpleasant surprises during the process of buying a house.   The most important thing to be aware of when you buy a house is whether it's purchased “voetstoets”. This means that the house is bought as is – with the patent (visible) defects and latent (not so visible) defects becoming the buyer’s concern once the house is transferred. It is advised that when you view the house ensure that you go through it with a fine-tooth-comb to see that everything is in working order and preferably with a professional who has a keen eye in spotting latent defects.   Secondly, to provide assurances for the buyer, the law dictates that certifications like; electric compliance, gas compliance, plumbing, electrical fence (where there is an electric fence) and beetle-free (usually provided in coastal areas depending on agreement between seller and buyer) certificates should be submitted by the seller. These certificates need to be signed off by a registered or certified contractor who is authorized to issue them in order for them to be valid.   Thirdly, in order for the transfer to legally take place, the seller needs to obtain a clearance certificate from the municipality to verify that rates are paid in full and are up-to-date.   Furthermore, in order for SARS to issue the transfer duty, or exemption receipt, both the seller and the buyer need to show that their tax affairs are in order.   The seller will be responsible for all costs incurred when obtaining the necessary certificates, repairs that need to be carried out to acquire such certificates as well as the selling agent’s commission. The buyer on the other hand will be liable for the transfer duty and legal fees thereof.   Moreover, often buyers and sellers contend over fixtures. It is important that fixtures, that can be removed, such as the pool pump, geyser blanket, etc are stipulated in the sale document as included or excluded in the sale to eliminate confusion.   The contract of sale ought to instruct, by agreement of both parties, that should there be any points of dispute before or after the registration of transfer, the matter shall be referred for arbitration or determination. If such clause is omitted, the parties should try to resolve the dispute between them prior to applying to the courts for a resolution.   Lastly, remember that once you have all the facts that humans still err. Being rigid and unyielding may make the process of sale harder, drawn out and expensive. Be flexible, within reason, if the cost and effort of fixing something small will not amount to an exorbitant fee take ownership of it and enjoy the house of your dreams.   </body> </html>","category":"Tips for Buyers","createdAt":"2014-01-16T11:15:00Z","publishedAt":"2020-11-03T11:30:00Z","summary":"As the saying goes - the early bird catches the worm - and arming yourself with as much information as possible to get the best deal when making one of the biggest investments of your life is, in fact, catching the worm","title":"Things you should know when Buying Property","updatedAt":"2020-11-25T10:26:04.343Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_25_10_26_04_032.jpeg","tags":["advice for buyers","property investment","buying property"],"url":"tips-for-buyers/things-you-should-know-when-buying-property-03-11-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"c03fe03dc22843409e04e91c60f690ba","body":"<!DOCTYPE html> <html> <head> </head> <body> What is a Security Deposit? A security deposit is the money paid by the tenant to the landlord, usually equal to one or two month’s rent, before occupation. The main purpose of a rental deposit is to protect the owner should the tenant violate the terms of the lease agreement by not paying the rent or to cover the cost of any damage to the property caused by the tenant.   The deposit is held in an interest-bearing account, or an Estate Agency Affairs Board audited Trust account in the case of an Estate Agent, for the duration of the lease period.   When the lease expires the tenant is entitled to a refund of the full amount as well as the interest accrued. However, it’s rare to receive the full deposit if proper care of the property is not taken seriously or if the property is not returned in the same good state as it was received by the tenant at the start of the lease.   What Factors affect the Deposit Refund? The landlord is permitted to use the deposit to cover rent not paid, the cost of replacing lost keys and remotes, to repair any damage to the property where the tenant is liable and to offset the recovery of any other amounts due to the landlord in terms of the lease.   The condition of the property is the largest contributing factor in determining whether or not the full deposit is refunded after the tenant has vacated. The simplest way to ensure that the full security deposit is refunded is to maintain the condition of the property throughout the lease period.   Simply put, a tenant should look after the property as if it were their own, bearing in mind that damage to the home will have to be rectified. The cost of these repairs are deducted from the deposit, and the balance less the repair cost paid back to the tenant after the lease has expired. This can take up to 14 days by law after restoration has taken place - another reason to take proper care of the property, as most tenants use the deposit to secure the lease on a new property and waiting on a deposit refund could cost them the new rental!   How to Protect the Deposit Should there be obvious issues that require fixing; for example, bulbs needing to be replaced or holes in the walls needing to be filled, it would be more cost- and time-efficient for the tenant to repair them himself, so long as a professional job is done.    It’s advisable that those issues are attended to on a regular basis throughout the duration of the lease, and not left up to the last minute. Landlords will often also use professional contractors to do the repairs and maintenance, which will always be much more expensive than the tenant doing it themselves.   Tenants are however advised NOT TO attempt to do any specialised work themselves (unless they are actually qualified to do it) such as painting, plumbing or electrical work.  This should always be left to a professional.   Tenants should also ensure that the property is clean and tidy when they are ready to vacate, including: carpets, tiles, windows, cupboards and ovens. A little elbow grease can save a lot of money here!   To avoid discrepancies the tenant should be thorough and attentive when completing the entry and exit inspection – this will clarify which party is liable to rectify any damage noted. At the entry inspection, note all issues, especially those that often go unchecked – such as cupboard doors and taps.   Thoroughly examine all appliances and double check plug sockets. Ensure that all work properly, and if necessary photograph any defects prior to occupation or as soon as the key-handover has taken place - documenting the snags in this way leaves little room for miscommunication. A fair landlord will allow up to 7 days to report any additional defects not marked on the entry inspection after the tenant has moved in.   To protect their rental deposit a tenant should be comprehensive and thorough during the inspections, and take personal responsibility for the state of the property during their stay. Respecting the landlord’s property throughout the lease period will lay the foundation for a good landlord-tenant relationship and, most importantly, guarantee that the deposit is protected. </body> </html>","category":"Tips for Landlords","createdAt":"2015-08-03T06:44:00Z","publishedAt":"2020-11-03T06:30:00Z","summary":"What is a Security Deposit? A security deposit is the money paid by the tenant to the landlord, usually equal to one or two month’s rent, before occupation","title":"Protect Your Rental Deposits","updatedAt":"2020-11-25T10:48:57.554Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_25_10_48_57_210.jpeg","tags":["advice for tenants","home and garden","property investment"],"url":"tips-for-landlords/protect-your-rental-deposits-03-11-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"f006bf8d42d2447f8a06354fbf5ade95","body":"<!DOCTYPE html> <html> <head> </head> <body> FICA (the Financial Intelligence Centre Act) exists to prevent money laundering, fraud, tax evasion, financing of terrorism & other related criminal activity that aims to misuse our financial systems.   The Act requires certain accountable institutions such as banks, estate agents and attorneys to validate and verify the identity of each of their clients before a business transaction can take place. The information and supporting documents vary depending on whether the client is an individual or business entity (company, close corporation, trust).   In the case of a South African Citizen or Foreign National with a permanent residence permit, the following are considered the minimum requirements: <ul style=\"list-style-type: disc;\"> <li> Copy of ID (SA Citizens) / Valid Passport (Foreign National) </li> <li> Proof of full Residential Address no older than 3 months </li> <li> Income Tax Number (in certain cases) </li> </ul> The Financial Intelligence Centre will strive to be the leading player in the aggressive combating of money laundering and terror financing to reduce crime for the benefit of South African citizens today and in the future. Financial Intelligence Centre For more information visit <a style=\"color: #b90000;\" href=\"https://www.fic.gov.za/SiteContent/ContentPage.aspx?id=7\">www.fic.gov.za</a> </body> </html>","category":"Tips for Landlords","createdAt":"2016-02-18T06:41:00Z","publishedAt":"2020-11-02T06:30:00Z","summary":"FICA (the Financial Intelligence Centre Act) exists to prevent money laundering, fraud, tax evasion, financing of terrorism and other related criminal activity that aims to misuse our financial systems","title":"What is FICA? #AskEtchells","updatedAt":"2020-11-25T10:53:28.475Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_25_10_53_28_068.jpeg","tags":["property advice","advice for landlords","advice for buyers","advice for sellers","advice for tenants"],"url":"tips-for-landlords/what-is-fica-asketchells-02-11-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"df4af6201f35414bbf36696cd27f2be8","body":"<!DOCTYPE html> <html> <head> </head> <body> Our Sandton Property Consultants are highly knowledgeable in their respective fields and focus on giving exceptional service to their clients.    <iframe src=\"//www.youtube.com/embed/B0ciOqiEDXQ\" width=\"360\" height=\"215\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"></iframe>       </body> </html>","category":"#SandtonAgents","createdAt":"2020-01-13T06:14:00Z","publishedAt":"2020-11-02T06:00:00Z","summary":"Our Sandton Property Consultants are highly knowledgeable in their respective fields and focus on giving exceptional service to their clients. ","title":"Still the preferred Property Consultants in Sandton","updatedAt":"2020-11-25T12:07:51.95Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_03_19_11_48_932.jpg","tags":["advice for sellers","selling property","advice for landlords","advice for tenants","advice for buyers","property advice","buying property","property investment"],"url":"sandtonagents/still-the-preferred-property-consultants-in-sandton-02-11-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"22890907ba474241b25f6d4ef903f967","body":"<!DOCTYPE html> <html> <head> </head> <body> Before a lease agreement comes to an end most tenants are given the option to renew their lease agreement for a further lease term - at an agreed rental increase - or to vacate at the end of their lease period, as stipulated in their rental agreement.   The annual increase is sometimes a cause of contention between landlords and tenants. On the one hand the landlord needs to adjust the rental amount annually as inflationary pressures drive up home ownership costs. On the other hand, the tenant may already be under significant financial strain as a result of poor economic growth and the ever-climbing cost of living.   The challenge is finding a rental increase that is both fair and reasonable, meeting the needs of both parties. Real estate industry leaders report an average annual increase in the range of between 6% and 8%, with 8% considered excellent.   According to the Rental Housing Act Unfair Practices Regulations, the tenant and landlord need to agree on a reasonable and inflation-related rental increase. Both landlord and tenant need to bear in mind that the current economic climate plays a significant role in rental escalation. This means that landlords need to consider the Consumer Price Index (CPI) – the prices of goods and services consumed by South Africans used to calculate an inflation rate for the whole economy, according to Stats SA – in order to determine a reasonable rental increase.   In other words, market factors need to be taken into account. South Africa's inflation accelerated to 3.2% in July 2020.  High inflation could potentially affect a tenant’s affordability and a landlord’s profitability if the rental increase is not within reasonable limits.   Landlords who increase the rent to more than the current rate of inflation risk losing their existing (paying) tenant. Tenants who feel that their landlords have requested an unrealistic or unreasonable increase amount may well seek more affordable accommodation elsewhere.   The problem being that quality tenants – those who pay in full and on time every month, adhere to rules and regulations as stipulated in the lease agreement, and tend the property responsibly – are becoming increasingly more difficult to find.   According to TPN’s Residential Rental Monitor in the third quarter of 2020 the percentage of tenants who paid in full and on time stood at 74.57% come year end.  Overall, more and more tenants are finding it more and more difficult to pay their rent on time and in full, which makes losing a good-paying tenant all the more financially devastating.   As a safeguard to their investment, landlord’s will need to do their homework on the effects that changes to current general inflation and cost inflation, rising interest rates and increases in municipal rates and taxes have on their rental return. For example, new developments and improvements to the infrastructure within a complex/area often drive up the market value, which positively influence the rental amount.    With this in mind, landlords should consider the tenant’s conduct over the lease period as well as their payment behaviour when a decision is to be made on rental increase. It may be worth the landlord’s while (considering the cost of sourcing and screening new rental applicants) to reward exemplary tenant behaviour with a lower annual increase.   In conjunction to the tenant’s conduct and payment behaviour, the landlord’s escalation needs to take current market trends (for example, rental supply and demand in the area) into consideration.   To keep the relationship between the two parties amicable there needs to be a certain degree of respect and ethicality towards one another and the position both landlord and tenant find themselves in. An estate agent is often the mediator in such a situation, and provides sound advice on current trends within the rental market. Likewise, estate agents are familiar with area-specific factors affecting rental demand, rental increases and rental returns.   It is now more important than ever, given the current financial climate, to work alongside a reputable estate agency who are ethical, compliant, knowledgeable and committed to client-service. </body> </html>","category":"Tips for Landlords","createdAt":"2018-02-27T13:00:00Z","publishedAt":"2020-11-01T13:00:00Z","summary":"Before a lease agreement comes to an end most tenants are given the option to renew their lease agreement for a further lease term - at an agreed rental increase - or to vacate at the end of their lease period","title":"What is a Reasonable Rental Increase?","updatedAt":"2020-11-27T11:06:38.873Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_27_11_06_38_716.jpeg","tags":["advice for landlords","property advice","property investment"],"url":"tips-for-landlords/what-is-a-reasonable-rental-increase-01-11-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"eb67effe3789437ea0dfa4a4818caf26","body":"<!DOCTYPE html> <html> <head> </head> <body> The Rental Housing Act aims to first & foremost protect the landlord & tenant from illegal & unfair practises in an effort to establish a better working relationship between both parties.   According to the Act, the landlord is required by law to refund the rental deposit & interest accrued to the tenant within 7 days of the expiry of the lease should there be no amounts owed for unpaid rent or costs to repair damages caused by the tenant.   If an amount is owed for repairs or outstanding rent/utilities, the landlord is required to refund the rental deposit & interest accrued less deductions within 14 days of restoration of the property. If the tenant is liable for damages to the property, he/she is entitled to a written & dated receipt of all repair costs.   To avoid delays in the refunding of a deposit, ensure that both landlord & tenant undertake the entry & exit inspection jointly at the beginning & end of the lease period. This guarantees that pre-existing defects are noted & either repaired by the landlord before the tenant takes occupation or the tenant agrees to take occupation despite the defects & repair himself/herself.   The joint inspections clarify which party is liable & responsible for any repairs/damages to the property; failure to conduct a proper inspection means the landlord regards the property condition as acceptable & forfeits his right to claim repair costs at the end of the lease period. </body> </html>","category":"Tips for Landlords","createdAt":"2016-03-03T11:45:00Z","publishedAt":"2020-11-01T12:00:00Z","summary":"The Rental Housing Act aims to first and foremost protect the landlord and tenant from illegal and unfair practices in an effort to establish a better working relationship between both parties","title":"Can a Landlord legally withhold the Deposit? #AskEtchells","updatedAt":"2020-11-25T11:10:54.281Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_25_11_00_24_582.jpeg","tags":["advice for landlords","advice for tenants","property investment"],"url":"tips-for-landlords/can-a-landlord-legally-withhold-the-deposit-asketchells-01-11-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"82d70dad5338416ebd83f934093881a9","body":"<!DOCTYPE html> <html> <head> </head> <body> Demand for rental stock is expected to increase in the months surrounding the festive season. This is a popular time to start a new job, relocate or for young professionals to enter the rental market for the first-time; meaning that quality rental property will be highly sought-after.   Popular online property portals have made sourcing information and viewing properties extremely accessible and easy. Many of the websites send out emails notifying prospective tenants that have joined the mailing list as soon as properties that fit their criteria become available.   The tenant can then immediately view the property’s images, location and features or click to be redirected to other properties with similar features in a matter of seconds. To manage the influx of calls and emails, especially in the low to middle rental property bracket, many estate agents organise bulk property viewings that allow a number of interested tenants to view the property at once.   Although the agent saves valuable time, the increased competition means a higher number of potential applicants and a larger pool from which to choose the most credit-worthy applicant.   In terms of the application approval process, the majority of estate agents operate on a first-come-first-served basis.   To ensure the best possible chance of securing the rental property, it’s crucial that prospective tenants attend viewings with the necessary documentation on hand, up-to-date and in order.   This reduces the amount of time spent gathering documents and personal information and allows the tenant to apply for the property at the viewing or soon afterwards, should the property meet their requirements. Complete rental applications with valid FICA documentation attached are a massive advantage when a high number of potential applicants are applying for the same property.   The required documentation for an individual looking to sign the lease agreement in their own name is as follows; <ul style=\"list-style-type: disc;\"> <li> A copy of your ID or Passport. In the case of foreign nationals, a copy of work/residence permit is required. </li> <li> 3 Months’ most recent bank statements. </li> <li> Most recent payslip or proof of employment. </li> <li> Proof of current residential address dated within 3 months of the date of application. </li> <li> A copy of your employment contract if you’ve been employed for less than 3 months or are due to start a new job/position. </li> </ul> If two or more applicants are applying for the property together, each individual must complete and sign the application form and submit the documentation listed above.   Necessary Personal Information: Applicants are required to provide personal information such as contact information and other particulars for themselves and their spouse/partner/other occupants, the applicant’s current residential address and current landlord/managing agent contact details for a tenancy reference, employment information, proof of income and bank account details as well as next-of-kin contact details.   If the Applicant Doesn’t Qualify: Most estate agencies require that the applicant earn 3x the monthly rental amount to qualify to rent the property. If the applicant does not qualify from an affordability standpoint, which is sometimes the case with students or first-time renters, the applicant can have someone sign surety on their behalf. The Surety is required to submit a copy of their ID, proof of residence and 3 months’ most recent bank statements.   Defaults & Judgements: In light of SA’s tough economic climate, rising household costs and growing consumer debt it’s not surprising that a large percentage of South African’s have poor credit ratings on their personal credit reports.   Having a default or judgement does not automatically disqualify an individual from applying to rent a property so long as valid proof that the arrears amount is being paid off/has been paid in full is supplied. Real estate agents prefer that prospective tenants are upfront and honest about any defaults/judgements against them at the beginning of the application process so that valuable time is not wasted in sourcing the necessary information/documentation regarding repayment.   Inevitably the landlord has the final say and it is within their rights to approve or decline the tenant as they see fit so long as it does not discriminate against the individual.   When there are a number of tenants viewing and applying for the property, aspirant tenants should consider attending the viewing with the necessary documentation on hand, up-to-date and in order to ensure that they have the best possible chance of getting their foot in the door.   </body> </html>","category":"Tips for Tenants","createdAt":"2016-12-02T11:17:00Z","publishedAt":"2020-11-01T11:30:00Z","summary":"Demand for rental stock is expected to increase in the months surrounding the festive season","title":"Have your Rental Application Ready!","updatedAt":"2020-12-01T09:02:26.955Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_25_11_07_09_861.jpeg","tags":["advice for tenants","property advice"],"url":"tips-for-tenants/have-your-rental-application-ready-01-11-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"dfd0acad37c34e26a20f09fcca3d40f1","body":"<!DOCTYPE html> <html> <head> </head> <body> Spring time is almost finally upon us and I’m sure that most of you are planning to make a much more creative garden to enjoy.   August is just about gone and we are ready to welcome September with our national #SpringDay. Since the windy month is geared up and getting your environment ready for planting a brand new garden, it is also a time for you to start reaping the rewards of your perfectly planned winter meets spring flower garden.   As each day goes by, get ready to see the yard get brighter, your home get happier and your energy becomes more revitalized in the spring season. You may want to start clearing the yard and get rid of mulch and dirt.     While some people embrace the warmth and the change it brings, many people suffer from allergies during this time, so stay tuned to our blog next week – we might give you some home remedies for this! Now that you’re all geared up and excited to get your botanical garden going, here are a few tips to help you achieve your goal: <ul style=\"list-style-type: disc;\"> <li> Make sure your soil is fertile. Healthy soil helps the growth process. Visit your closest nursery to assist you with your soils PH balance. </li> <li> Compost and Bone Meal are good to add to your soil to grow healthier plants and flowers. </li> <li> With water being an issue in South Africa, be wise with regard to the way you utilize it. Some complexes have already started using grey water systems which helps their garden by recycling used water but unfortunately not everyone has this advantage. Invest in some eco-friendly systems which will help you maintain your garden without having a high water bill each month. </li> <li> Do your research on plants that are able to grow in any location and be weary if the plants you are growing should be in direct sunlight or not. Sometimes direct sunlight may harm the plant/flower. </li> <li> Growing plants from seeds is the cheapest way to start your garden. </li> </ul> <ol> <li> Follow instructions on seed packets </li> <li> Soil should never be dry after sowing seeds, maintain the moisture. </li> <li> Once germination is complete and leaves show you can give it less water and attention </li> </ol> <ul> <li> Trim dead ended or dying plants and nurse it back to health. You could use water-soluble fertiliser. </li> <li> Water your lawn regularly. </li> <li> Bright coloured flowers adds character to your garden which gives off a more positive appeal. </li> <li> When shopping for plants, choose those with healthy green leaves. </li> <li> Get rid of all weeds in and around the garden. </li> </ul> Did you know that some plants bloom much more when they are picked? So start adding some of nature’s designs to your personal spaces, flowers such as Iceland Poppies and Sweet Peas will definitely do the trick.   #AskEtchells Make this spring a beautiful one. Happy Gardening :)   </body> </html>","category":"Eco and Social","createdAt":"2018-08-29T10:41:00Z","publishedAt":"2020-09-03T10:30:00Z","summary":"Spring time is almost finally upon us and I’m sure that most of you are planning to make a much more creative garden to enjoy. August is just about gone and we are ready to welcome September with our national #SpringDay","title":"Spring Gardening :)","updatedAt":"2020-11-26T10:36:29.576Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_26_10_36_29_123.jpeg","tags":["home and garden","property advice"],"url":"eco-and-social/spring-gardening-03-09-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"473f6c75d28346a6ae400c5d78c7feed","body":"<!DOCTYPE html> <html> <head> </head> <body> Spring and hope are intertwined in the mind, body, and soul. In spring, nature conspires with biology and psychology to spark the basic needs that underlie hope: attachment, mastery, survival, and spirituality.   It is true that hope does not melt away in the summer; it is not rendered fallow in autumn, nor does it perish in the deep freeze of winter. But none of these other seasons can match the bounty of hope that greets us in the spring. (By Anthony Scioli - professor of psychology)   The Attraction of Buying in Spring The word location, pops into our heads when thinking about buying property however, timing should be right up there with the location of the property.   Springtime is a popular time of year for most buyers to start looking at property. Most buyers want to get settled into a new home to reap the benefits of lush gardens, crisp blue swimming pools and the general glow we find around us during this beautiful time of year.  Buying in Spring and having the summer to enjoy the new home appeals to many.   Longer Days In September our days start to get longer, in a good way. There is much to be said about our increase in energy in the warmer months and the willingness to get out of the house. As a result, buyers are out there looking at homes, more buyers mean more foot traffic to your home and more opportunities for you to sell your home in a timely manner.   There is now a larger pool of potential buyers who’ve done their due diligence and are likely financially ready to buy. They will use these longer days wisely especially on weekends.  The great thing about house hunting in spring is that it’s warmer but not so scorching hot that you need to be at home in the pool.   Improved Curb Appeal It is a lot easier to make your property look more appealing to prospective buyers in spring simply by ensuring a manicured garden, clean blue swimming pool and open windows and doors allowing fresh air and natural light into your home. Your patio, lapa, balcony, or garden can look so inviting right now compared to other times of the year.  That’s why smart sellers take advantage of this bonus of improved curb appeal in spring.   More Attractive Pricing For The Selller More buyers = more competition from other buyers … which means less chance of having to negotiate your price down, ultimately, a higher sales price for you.   In saying this, the smart seller will ensure that he/she has done their homework and the price of their property is market related. The fact is that in this market overpriced properties may just cause the prospective buyer to find their new home elsewhere.   In fact, it is highly beneficial to have a comparative market analysis done by an experienced Estate Agent in the area.  At Etchells and Young our agents always do a comparative market analysis before determining the correct market price for your property.    Now You Can Find Your Next Dream Home If you are serious about selling your home, it is likely that you are eager to move on to better prospects.   All the reasons listed above translate to your own experience as a buyer as well. Buying and selling can be stressful, and you want the best price in the shortest time possible.   This is just another reason why spring is the best time to buy and/or sell your property. #AskEtchells </body> </html>","category":"Tips for Sellers","createdAt":"2019-08-29T11:03:00Z","publishedAt":"2020-09-01T11:00:00Z","summary":"Spring and hope are intertwined in the mind, body, and soul. In spring, nature conspires with biology and psychology to spark the basic needs that underlie hope: attachment, mastery, survival, and spirituality","title":"Why people love to buy or sell their homes in the spring and summer months","updatedAt":"2020-11-26T10:26:28.861Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_26_09_58_31_369.jpeg","tags":["advice for sellers","selling property","property advice","home decor advice","home and garden","home interior ideas"],"url":"tips-for-sellers/why-people-love-to-buy-or-sell-their-homes-in-the-spring-and-summer-months-01-09-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"c7d48d3de2b148f0a219d00f704758b6","body":"<!DOCTYPE html> <html> <head> </head> <body> Let’s be honest, the moment spring arrives we all feel a weight lifted off our shoulders. Winter has gone, the warmth is here, trees and flowers are blooming, you feel new, ready to workout, ready to explore new possibilities, ready to be a brand new you… but your home?... that’s what we’re here to help you with.     Embrace the change by Spring Cleaning your home – without spending much money! Biggest tip of this article, use this as an opportunity to bond with your family at home, or your friends if they don’t mind lending a hand. Turn up your favourite music, maybe pour a glass of wine and #workit   Always be sure to have these essentials ready as you embark on your Spring Clean Journey: <ul style=\"list-style-type: disc;\"> <li> A Broom </li> <li> A mop and a bucket </li> <li> Dustbin bags </li> <li> Window Lean </li> <li> Newspaper </li> <li> Dust cloth </li> <li> Rake </li> <li> Handy Andy, or Pine Gel (It smells amazing) </li> <li> Furniture Polish </li> <li> Sanitary gloves – if things get nasty! </li> <li> Good Music </li> </ul> Now that you have your check list on board. Where do we begin? It’s always best to start in the main bedroom, it’s where you spend most of your time, apart from the kitchen and the lounge.   Start from the corner of any room and work your way throughout the house. Wipe away dust, throw away papers and stuff you may no longer need – I bet you probably have a bit of anxiety thinking this is too much right?   Why not CREATE A SCHEDULE? Outline the parts of the home that needs most cleaning! <ul style=\"list-style-type: disc;\"> <li> Put a plan together and #workit </li> <li> A schedule for each room helps you identify the main cleaning aspects per room, making it easier to follow through with. </li> </ul> As we have mentioned in previous articles, clearing out the spaces in your home allows new and positive energy to enter. So let’s get ready to de-clutter! Eliminate all the unnecessary – if you haven’t used it in the past 3 months then you don’t need it? Right?!     It’s senseless to have a clean home but dirty windows and walls don’t you think? Whip out that window lean and newspaper, wipe the windows and the walls! The pine gel could be added to water to clean the walls too and to mop up. Trust us, you are going to love the fresh smell it leaves behind – if spring had a smell it would be that.   Remember to wipe up and air out: <ul style=\"list-style-type: disc;\"> <li> Cabinets </li> <li> Fridge and fridge shelves - throw old stuff away </li> <li> Microwave, inside and outside </li> <li> Stove – bicarbonate of soda mixed with pine gel and water, leave it to soak and then wipe away </li> <li> Washing Machine – inside and out. </li> <li> Mattresses – take off the blankets and let it soak in some sun through a window in the room </li> </ul> Time for bathrooms? Don’t worry – you got this. Use Pine gel for a better aroma and remember to change the shower curtain or wipe the glass door down. Most people worry that cleaning so much will allow dust to settle on their tiles or carpet so be sure to invest in a vacuum or some domestos.   We wish you a happy cleaning! #AskEtchells Once your spring cleaning has been done, why not tackle your wardrobe? Clear out what you no longer need or wear and give to charity.  </body> </html>","category":"Eco and Social","createdAt":"2018-08-30T11:35:00Z","publishedAt":"2020-08-31T11:30:00Z","summary":"Let’s be honest, the moment spring arrives we all feel a weight lifted off our shoulders","title":"Are you ready to Spring Clean your home?","updatedAt":"2020-11-26T10:33:06.374Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_26_10_33_06_015.jpeg","tags":["home and garden","home decor advice","home interior ideas","property advice"],"url":"eco-and-social/are-you-ready-to-spring-clean-your-home-31-08-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"0c27f3ced5e746e1b4f1b9f8c4d5084a","body":"<!DOCTYPE html> <html> <head> </head> <body> Colour makes a first impression! The right colours make your home warm, inviting and appealing to potential buyers. The wrong colours produce a “yuck factor” that can send people scurrying. Although everyone has their own personal taste, there are guidelines you should follow when it comes to home colour.   You can use colour to emphasize space and to subtly make a buyer feel at home. Avoid extremes at all costs: don’t be too boring and don’t be too brash. The trick is to find the right balance with universal appeal.   Exterior Your house needs to fit in well within the neighborhood. A buyer wants to feel welcome and accepted in a new environment and the last thing they want is for their house to stick out like a sore thumb.   Living in the only bright pink house on a street of beige houses does not make one feel accepted.   Also consider the general environment of the neighbourhood - is it very urban or forested? How well does the house blend in with the landscape?   The architectural style of the house also plays a part: Victorian and Cape Dutch houses usually have a white exterior, for example.   The roof colour is also very important: black and grey is usually the way to go but you can also use the right shade of red, tan or green if it complements the rest of the house and the environment.   Entrance Hall and Living Room The key in this area is warmth and neutrality. Soft beiges, muted greys and creamy whites are inviting - avoid plain white which can be overpowering and too sterile for some buyers. There are a multitude of bright colours to choose from which are appealing without being harsh.   The Kitchen The kitchen is where people chop, cut, dice, fry, stir and pour food and drinks and as a result good lighting is very important. Bright colours help to reflect light within the kitchen. Warm yellows and hues of red, olive and white can complement the flavours and smells the kitchen produces.   The Bedroom Bedrooms are for sleep and relaxation. Do use colours that create a sense of calm such as neutral beiges, egg-shell whites and soft olives or creams.   The Bathroom Usually the smallest room in the house, the bathroom space can be opened up with the use of bright colour. Dark colours immediately make a bathroom feel cramped. Use warm, white colours that emphasise space.   Wallpaper Wallpaper has made a comeback and there are appealing modern designs available - but not everyone has the same taste. You may love the wallpaper in your passageway but it may completely put off a potential buyer. Remove any wallpaper in your home and repaint.   Ceilings When a buyer looks up and sees scuff marks or water marks on the ceiling, it is an immediate turnoff. Paint all ceilings with a flat, white colour (remove light fittings temporarily when painting).   Flow of colour Ensure there is a consistent and smooth flow of colour from room to room. Avoid a jarring patchwork effect - you don’t want a shock every time you move from one room to the next.   Use these simple colour principles to make your home as appealing as possible. You want to make it easy for buyers to imagine what it would be like to live in the home, with their furniture in the rooms and their pictures on the walls.   </body> </html>","category":"Tips for Sellers","createdAt":"2014-05-02T07:46:00Z","publishedAt":"2020-08-01T08:00:00Z","summary":"Colour makes a first impression!The right colours make your home warm, inviting and appealing to potential buyers. The wrong colours produce a “yuck factor” that can send people scurrying","title":"8 Proven Ways You Can Use Colour to Make a Buyer Love Your Home","updatedAt":"2020-11-25T11:28:01.995Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_25_11_28_01_776.jpeg","tags":["advice for sellers","home and garden","home decor advice","selling property"],"url":"tips-for-sellers/8-proven-ways-you-can-use-colour-to-make-a-buyer-love-your-home-01-08-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"4ebec16c600349d891cec14761b31f43","body":"<!DOCTYPE html> <html> <head> </head> <body> When opening your home to strangers for show days, for all intents and purposes you are airing your dirty laundry. Your dirty laundry does not necessarily suggest that your house should actually be dirty. It is impossible to please everyone but there are a few things that you can do to ensure that your house on a show day is a touch above the rest.   Bathroom Ensure that your bathroom is neat, tidy and clean. It is off-putting to see a shower that has soap foam, a sink that has tooth paste marks all over and a dirty toilet. Make certain that the toilet lid is down and all the bathroom carpets are lined straight and freshly brushed with a broom. Put your soaps, shower gels, toothbrushes and all toiletries in the bathroom cabinets. If you do not have cabinets put them in an orderly fashion; wipe off any foam (for example a shampoo bottle) and close the caps.   Lighting Make sure that all your light bulbs work and if there are darker parts of the house switch on the lights to illuminate all parts of the house. Wipe down all the lights and light switches.   Kitchen Wash all dishes, pots, pans and put them all away. Wipe down all the surfaces;  countertops, stove, microwave, etc with soapy dish cloths. To make them smell extra fresh, after wiping with a dish cloth, spray lemon water on the counter tops and wipe and it will give the room a fresh scent. Take out the rubbish and empty bottles. Again, ensure all objects that sit on the countertops are neat, dusted and facing the right way.   Bedrooms Make certain that all the beds are made, neatly! Pick up all the clothes off the floor and place them where appropriate. Ensure that everything that is in public view is placed neatly and dusted off.   Outside Never neglect the yard (or balcony if you live in a complex). Make certain that the lawn has been cut. If you have a flower bed or vegetable garden, see to it that it has been trimmed and weeded. The swimming pool needs to be cleaned, if possible cover it with a net. Any arbitrary objects lying around are to be picked up and placed out of public sight.   Garage It is hard keeping the garage in immaculate condition; however an effort to sweep the garage and keep it tidy goes a long way. Try to keep sharp or potentially dangerous object on the top shelves away from reach.   Music It is advised that you have soft music (like jazz or classical) playing in the background to create an ambiance.   The rest of the House Ensure all doors are clean and door handles are fixed, the same applies to wardrobes, cabinets and cupboards. Furthermore, give electric sockets a good clean as they often tend to turn a light shade of brown from dust. Any marks on the wall, ensure they are wiped off. Lastly, brewing coffee or bread baking in the oven creates an enticing aroma that reminds people of home.   </body> </html>","category":"Tips for Sellers","createdAt":"2014-01-28T14:09:00Z","publishedAt":"2020-07-01T14:00:00Z","summary":"When opening your home to strangers for show days, for all intents and purposes you are airing your dirty laundry. Your dirty laundry does not necessarily suggest that your house should actually be dirty","title":"Showcase your Home on Showday","updatedAt":"2020-11-25T11:48:37.238Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_25_11_48_36_785.jpeg","tags":["advice for sellers","selling property","property advice","home decor advice"],"url":"tips-for-sellers/showcase-your-home-on-showday-01-07-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"6af0aacd88db46bfbd78d56762b76425","body":"<!DOCTYPE html> <html> <head> </head> <body> Capital Gains Tax (CGT) does not affect every single property transaction; however it is important that people who are looking to sell their property have an understanding of what it is and the repercussions thereof.   Though it was implemented a few decades ago in the global market, it was only introduced to South Africa in October 2001 and is loosely defined as a tax payable on capital gain that arises when you sell an asset on or after 1 October 2001 at a profit. It applies to natural persons, trusts, companies, closed corporations and non-South African tax-payers. There are however exclusions due to specific provisions which are found in the Eighth Schedule of the Income Tax Act, 1962 (the Act), which determines a taxable capital gain or assessed capital loss.   Experts say that many sales of primary residences will not be subject to CGT as the first R2 million of any capital gain or loss on the sale will not be regarded for CGT purposes as of 1st March 2012. A capital gain is not the amount that the property is sold for but it is sold price less base cost. Base cost constitutes original purchase price plus all costs incurred while selling the house (legal fees, transfer costs and duties, agent commission and other any other services rendered) and any costs incurred toward the improvement of the house (this excludes maintenance costs).   A primary residence is defined, according to the Act, as a property owned by a natural person. The owner or his/her spouse must ordinarily reside in the property as their main place of residence and it must also be chiefly used for domestic purposes. Where the property has been used for business purposes in the past, the exemption will be apportioned for the periods where the property was not utilised as a primary residence.   There are, however, some instances where the owner of the property will be seen as having been ordinarily resident for a continuous period of up to two years even if they have not been living in the primary residence during the said two-year period, provided the following conditions are applicable: <ul style=\"list-style-type: disc;\"> <li> The primary residence was in the process of being sold while a new primary residence was acquired or was in the process of being acquired; </li> <li> The primary residence has been accidentally rendered uninhabitable; and </li> <li> The property was being built on land acquired for the purpose of erecting primary residence. </li> </ul> When the base cost of the property has been determined, SARS will then be able to calculate the CGT payable based on the net profit realised. Section 26A of the Act dictates that a taxable capital gain must be included in the seller’s taxable income and shall be taxed as per their income bracket. CGT is then payable when the natural person’s income tax return is submitted at the end of the financial year during which the property was sold.   In the case where the primary residence is registered together in the names of the owner and spouse, they each would benefit from the residential exclusion according to their interests held in the residence. For example, if the share of the spouse is 50 percentile each, they would each qualify for a primary residence exclusion of R1 million provided they both use the property as primary residence. No exemption will apply on capital gain received on the sale of the natural person’s second or holiday home.   It is, however, advised that you seek professional advice from a certified tax consultant or conveyance attorney regarding CGT as tax matters can get complicated. </body> </html>","category":"Tips for Buyers","createdAt":"2014-04-24T12:04:00Z","publishedAt":"2020-06-01T12:00:00Z","summary":"Capital Gains Tax (CGT) does not affect every single property transaction; however it is important that people who are looking to sell their property have an understanding of what it is and the repercussions thereof","title":"Capital Gains Tax and all you need to know","updatedAt":"2020-11-25T11:55:25.923Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_25_11_55_25_142.jpeg","tags":["advice for buyers","advice for landlords","property investment","buying property","property advice"],"url":"tips-for-buyers/capital-gains-tax-and-all-you-need-to-know-01-06-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"22e08446bb31450d9248392e787ec092","body":"<!DOCTYPE html> <html> <head> </head> <body> So you have decided to take the big step of buying your first home, congratulations! First things first, you search around for properties on sale, within a price range you think you can afford to pay off every month. You then find your dream house, put in an offer, and the rest as they say is history. Your name is on the legal documents and its official. It’s a good day!   Besides the bond costs which are determined by a few factors, namely the deposit you have managed to put down, the bond rate you were approved for by your bank and what interest you will be paying the bank each month; but after all that expense, the monthly costs also include rates and taxes or levies.   Rates and taxes The municipal rate charge covers all services provided to you by your local municipality. These services include sewerage, street light and roads maintenance as well as the collection of refuse.   Calculations on property rates are valued according to the land as well as any buildings or improvements made. This value is determined by the market value of your property – essentially, the price you would get for the property within the open market (between the buyer and the seller).   With this value as your base, you will be able to work out a comparative value of the properties in your neighbourhood. This overall municipal value is what determines how much you will pay in terms of levying of property rates.   The amount you pay in rates is determined by the different category of properties. At this stage, this is only set out for urban dwellers, with many rural properties exempt from paying. Rates may vary according to different freestanding property types such as residential, industrial, commercial, agricultural or business.   Living in Johannesburg? Here’s how to calculate your rates: Get a valuation from eServices <a style=\"color: #b90000;\" href=\"http://eservices.joburg.org.za/joburg/eservices/\">http://eservices.joburg.org.za/joburg/eservices/</a> or pop on over to the Valuations service centre (4th Floor, A block, Metropolitan Centre, 158 Loveday Street, Braamfontein) <ul style=\"list-style-type: disc;\"> <li> A property with a value of less than R200,000 don’t pay rates. (However, a R5 p/m fee is charged for municipal public services). </li> <li> Sectional title home owners will automatically qualify for a 20 per cent rebate over and above this threshold. </li> </ul> Levies For sectional title homeowners (those owning townhouses, complexes or flats), you will be charged a levy instead, which covers all complex maintenance costs, limited building insurance cover, and general repairs.   A body corporate is put in place within a sectional title scheme to establish an administrative fund, which will be used to cover the abovementioned expenses.   The expenses of a body corporate in more detail include: the repair, control, management upkeep as well as administration of all common property; payment of taxes; as well as water and lights, and sanitary costs.   How are levies raised? The expected expenditure within the next financial year is discussed and determined by outgoing trustees, which is then considered at an AGM (Annual General Meeting). Once all the owners within the sectional title scheme approve said expenditure, it is then determined how much each individual home owner will then have to pay as per their levy rate. Trustees inform all homeowners of this amount and it then becomes the responsibility of each home owner to pay this amount, usually in monthly instalments.   Special levies On occasion, the trustees may request that all home owners contribute in raising a special levy to cover additional expenses, not initially covered in the budget. These special levies are then payable as a lump sum or in installments as per the trustees arrangement.   Final word: when buying a house of your own, remember these additional expenses coming your way, be it in the form of rates and taxes or levies. Both have their pro’s and con’s, but it’s you that has to make the decision as to what is best for you and your pocket. </body> </html>","category":"Tips for Buyers","createdAt":"2014-07-14T08:50:00Z","publishedAt":"2020-05-01T09:00:00Z","summary":"So you have decided to take the big step of buying your first home, congratulations! First things first, you search around for properties on sale, within a price range you think you can afford to pay off every month","title":"The difference between Rates & Levies","updatedAt":"2020-11-25T12:25:41.991Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_25_12_17_33_744.jpeg","tags":["advice for landlords","advice for buyers","buying property","property advice"],"url":"tips-for-buyers/the-difference-between-rates-and-levies-01-05-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"4920b94f2aea48cf98f22e88f4cb0601","body":"<!DOCTYPE html> <html> <head> </head> <body> What to consider before moving out of home Before planning your sweet escape from home, there are a few things to consider as this is an imperative decision. This is the beginning of complete independence…yes! You are on your own.   As an 18, 21 or 25 year old living with your parents under the same roof becomes less liberal, uncomfortable to a certain extent. This is the time in your life where you would like to go out more, invite friends, sleep late and wake up late, the time where you would like to do as you please but you can’t. There is only one thing left to do if this is the case… move out!   The following are tips to take into consideration before moving out Don’t make rash decisions, make sure you are ready to move out, financially and mentally. You need to be 100% sure you are moving out for the right reasons and you have support from your parents and/or lovd ones, because you will need it during the process and in the long run. Careful thinking, planning and strategizing is needed months before the actual move.   What’s your budget? Can you afford to move out? As a first time renter you need to remember that all bills are on you. Renting a house, flat or apartment can be costly, there are ongoing costs involved like water and electricity, your entertainment, groceries and even transport (private or public) and the list goes on…   Now that all that’s been highlighted, look at your actual budget. How much do you earn? How much do you have left over after your current expenses? Do you have debt obligations? If yes, are they up to date?   This is vital for your credit scoring. Etchells & Young’s requirements are that you earn 3x the actual rent before tax is deducted off your salary. Eg: If you earn R15 000 per month before tax, you will qualify to rent an apartment for R5000 per month and no more.   Where to stay? Start looking! Weigh up your options with the available places on the market, look at the environment. Consider your safety, affordability and other factors to make your lifestyle a comfortable one.   Remember to seek advice from a professional, contact an Etchells & Young agent and they will talk you through the legalities, viewing and moving in arrangements. This would be the perfect time to check whether you would want to stay alone or share.   Sharing could reduce the financial burden of the utility bills, rent and other ongoing costs previously mentioned. Be aware when signing a lease agreement with a friend/family member or even a stranger, you will be jointly and severally liable for the full amount of rent, not just your portion that you are paying every month.   This means that if you or your roommate decides to move out before the lease is up, you will both still be liable for the full amount of rent. It may also compromise on that much needed private time you need. The decision is yours to make.   *NB* Remember there are other factors to be considered before making the move official, make sure your decision is an informed one. Once all these have been taken into consideration and you are absolutely sure you still want to move out… let the process begin! Goodluck!!   </body> </html>","category":"Tips for Tenants","createdAt":"2014-08-13T05:52:00Z","publishedAt":"2020-04-03T06:00:00Z","summary":"What to consider before moving out of home. Before planning your sweet escape from home, there are a few things to consider as this is an imperative decision. This is the beginning of complete independence…yes! You are on your own","title":"First Time Renters","updatedAt":"2020-11-25T12:24:16.726Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_25_12_24_16_304.jpeg","tags":["advice for tenants","property advice"],"url":"tips-for-tenants/first-time-renters-03-04-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"25dfef01a58045ffad5ab499cad597b8","body":"<!DOCTYPE html> <html> <head> </head> <body> Estate Agents have received a bad rap over the last couple of years, often deservingly so. But with recent legislative changes within the real estate industry – namely the introduction of compulsory qualifications for all estate agents by the Estate Agency Affairs Board – the majority of agents are now better qualified, more competent and more committed to assisting the property owner in renting or selling their property.   These educational advances within the industry have, in recent years, managed to greatly reduce the amount of unscrupulous individuals acting as estate agents. This is mostly because of the large amount of work and hours required to qualify.   Reputable Estate Agencies focused on service are far more thorough when hiring agents and many have a set list of requirements that further refine the quality of agent in order to better protect their client and company. Providing comprehensive in-house and field training has become the norm for many reputable South African Estate Agencies, such as Etchells & Young.   But why should you, as the owner, utilise the services provided by an agent instead of renting or selling the property yourself?   Below is a list of reasons why using an Estate Agent to rent or sell your property may greatly benefit you. Market Knowledge, Advice & Guidance: One of the most valuable assets an owner can draw from is the agent’s in-depth market knowledge and experience resulting from constant exposure to the industry. Agents are comprehensively trained and experienced within their field and are able to offer accurate and up to date information on industry trends.   In the case of area specific agents, an agent would usually be able to provide information on comparative sales or rentals in the area, a price valuation of the property in relation to similar properties, the present demand in the neighbourhood, amenities in close proximity that may assist/hinder the rental or sale and dependable advice on repairs or renovations to the property that might facilitate a faster sale or rental (such as repainting, sprucing up the garden, having the carpets cleaned or repairing damp).   The CPA (Consumer Protection Act) and RHA (Rental Housing Act) have set many processes in place to protect landlords, tenants, owners and buyers. It is imperative that an agent understands these legislations, or has a supportive infrastructure in place within their Agency able to advise them so that they can correctly counsel the owner should the need arise.   Their negotiating and sales expertise are invaluable when it comes to reaching an agreement between the seller and purchaser to ensure the sale goes ahead. An agent does, for all intents and purposes, act as a middleman in advising and supporting both parties.   An agent will improve your chances of finding a tenant or buyer for your property through their extensive market knowledge, sales skills, and use of crucial advertising and marketing strategies that best promote and present the property to the target market. Their in-market knowledge is vital in screening potential tenants/buyers and being able to confidently act as the owner’s personal advisor with regards to letting or selling their property.   Marketing and Advertising: Having maximum exposure and reaching a specific target market are top priorities for any property owner. The more visible the property is, the more potential tenants/buyers it reaches, and the more likely it is that it will be rented or sold in a timely fashion.   Agents are in the perfect position to utilise the marketing and advertising resources available to them, either in their own capacity or through their Agency, to maximise the property’s visibility and increase its online presence. Advertising on prominent SA property websites, area boards, flyers, newspapers, concrete bins, billboards, social media like Facebook and Twitter and other printed media are just some of the tools available to agents when it comes to advertising.   Many Agencies, like Etchells & Young, will send monthly emails to extensive databases, and the agents often have their own strong network of clients that have already listed their requirements with the agent - your property may be exactly what they are looking for!   The agent will take photos of the property, list it onto popular property websites, arrange the viewings/show-days, screen potential tenants/buyers and manage the rental applications/sales offers. This takes a huge amount of pressure off the owner!   Paperwork: Most reputable Estate Agencies have systems and procedures in place that screen and filter potential tenants/qualified buyers. In the case of rentals this takes the form of an application process where credit and FICA checks (often done through TPN, a registered credit bureau), previous landlord and employment history etc are verified to protect the landlord. A similar process takes place with buyers. The agent is able to keep the owner fully informed and provide feedback as the process progresses.   Another benefit to working with an agent is that the rental agreement and deed of sale have already been legally and scrupulously drawn up by the company and their legal advisors, and the agent is able to carefully and thoroughly explain them so that all parties are fully aware of what is expected of them on signing the lease or sales agreement.   The deposit (in the case of rentals) is paid into audited trust accounts and payment is supervised by the agent or other qualified professionals. The agent attends to entry and exit inspections, the key-handover and more. If you’re looking to reduce the stress of managing your own property even more so than this, consider using an estate agency to manage your property for you.   When Choosing an Agent: Choose an established and recognised brand that is well-known, highly-regarded and visible within the property industry. This usually ensures that the quality of agent is high, and that they are well-trained and equipped to assist you in renting or selling your property. Select a company that values client service above all else, is trustworthy and will act in your best interests – a reputable agent is worth their weight in gold.   You should be comfortable and confident in your agent’s abilities. Trust and open communication should be the fore-runners of any working relationship.   Needless to say, reputable Agents can offer a host of benefits in renting or selling the property on behalf of the owner. Thanks to legislative changes within the industry, property owners can rest assured that the professionals that they’re entrusting their investment to are better qualified, more competent and more committed to assisting the property owner in renting/selling their property. </body> </html>","category":"Tips for Sellers","createdAt":"2014-10-21T16:12:00Z","publishedAt":"2020-04-01T16:00:00Z","summary":"Estate Agents have received a bad rap over the last couple of years, often deservingly so","title":"Reasons to use an Estate Agent to Rent/Sell your Property","updatedAt":"2020-11-25T13:00:05.84Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_25_12_31_11_349.jpeg","tags":["selling property","advice for sellers","property investment","property advice"],"url":"tips-for-sellers/reasons-to-use-an-estate-agent-to-rent-sell-your-property-01-04-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"d4c90a010e4d4252a79e8c5ed8a57ad5","body":"<!DOCTYPE html> <html> <head> </head> <body> Questions to Ask your Agent Before Buying Buying a home can be an overwhelming task. It’s easy to get caught up in the moment when viewing what could potentially be a dream come true, and completely forget to ask the agent vitally important questions that may play a key role in final decision making.   Utilising the services of a reputable estate agent is beneficial in numerous ways, but most notably; their in-depth knowledge of the property and surrounding area is at your disposal. Equipped with the right questions, you’re better positioned to make informed decisions before signing on the dotted line.   Address these three important issues at your first viewing to avoid any nasty surprises. Price - Is the price right? Request that the agent give you a comparative market analysis. An experienced estate agent should provide accurate and up-to-date information on comparative sales in the area and have a thorough knowledge of local market trends (i.e. the selling price of similar properties in the area and how long they remained on the market before being sold).   This is often a good indication of whether the property you’re viewing is priced correctly, and will give you a general idea of the current market activity. If sellers are getting their asking price and how quickly will give some indication as to how negotiable they are.   Properties that sit for too long often suggest that either the asking price is too high or that the market is slow. If there are many other homes for sale, find out how long they’ve been listed on the market and why the owners are selling. There are many reasons for an area sales boom but certain causes could affect the property’s investment potential or the occupant’s living conditions.   For example, approved plans to build an office park next to the complex you’re looking to buy in could mean months of construction right outside your front door – homeowners in the area may be looking to sell before the construction begins to secure a better offer. Another example is an upsurge in crime in the area – safety is a priority that few compromise on!   Bear in mind that sellers want to sell for the highest possible price, whereas you, as the buyer, want to buy for the lowest possible price. Ask the agent how flexible the seller is on the asking price. This is often dependant on the length of time that the property has been listed for and the number of offers on the table. A strong offer would be needed to beat the competition if multiple offers are being considered.    Condition - Are any repairs needed? Sellers are required by law to disclose any known faults or issues with the property, but addressing these issues first-hand could save valuable time and energy for all parties involved. This is especially true if lengthily and costly repairs to the home are an immediate deal-breaker for the buyer.   If repairs are needed, stipulate the repair terms beforehand (will the seller agree to fix the problems before transfer or will that be left up to the buyer) and how that will affect the asking price.   In older properties, find out if the plumbing and electrical systems have been serviced or replaced since installation, and if not, whether they may have to be replaced soon. Although the general condition of the property is one of the first features noticed, many aspirant homebuyers forget to ask this essential question. Have the agent point out what they like about the home, as well as any concerns they may have regarding the condition.   Distinctive features are often accidentally skipped over on the first viewing as there is just too much to take in. Having the agent give their view will add a unique perspective to the home-viewing and decision-making process.   Location Does the location meet my requirements?  It’s been said that the three most important things about real estate are location, location, location. This could not be more true. Majority of hopeful homebuyers will pick the area before the property. Safety, proximity to amenities and public transport routes, local community and the general condition of the neighbourhood all have a direct effect on the value of the home, and ultimately on your pocket.   Do your homework, and then clarify any concerns you may have with the agent. Once again, ask the agent for their opinion on the neighbourhood and surrounding amenities, as there may be something you missed.   Ask your agent the right questions and address these common issues upfront to avoid costly surprises. </body> </html>","category":"Tips for Buyers","createdAt":"2015-05-20T04:53:00Z","publishedAt":"2020-03-01T05:00:00Z","summary":"Questions to Ask your Agent Before Buying. Buying a home can be an overwhelming task","title":"Questions to ask your Agent before Buying","updatedAt":"2020-11-25T12:59:06.074Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_25_12_59_05_871.jpeg","tags":[],"url":"tips-for-buyers/questions-to-ask-your-agent-before-buying-01-03-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"5c042ceb33584c92bca56d889f06bf31","body":"<!DOCTYPE html> <html> <head> </head> <body> In May 2013, the American Heart Association (AHA) released a scientific statement associating pet ownership with reduced heart disease risk factors and greater longevity. That means, having a pet at home adds to your healthy & Happy lifestyle.   Pets increase opportunities to exercise, get outside, socialize, regular walking or playing with them can decrease blood pressure, cholesterol levels and triglyceride levels. Pets can help manage loneliness and depression by giving companionship too.   Thinking of adopting a new furry friend? We have some tips on How to Pet Proof your Home: Most domesticated pets are naturally inquisitive and will be keen to explore every and any aspect of your home and yard. Consider investing in tightly closing trash cans and pet food containers to help keep your babies out.   Cover up cords & wires Blind cords should be tied up higher to prevent entanglement and electrical cords should be hidden or moved since puppies and kittens like to chew on them while they are going through the teething phase.   House Plants for Animals Indoor plants attract pets because they mimic the outdoors, but they can be an extreme health risk – meaning they are toxic to dogs and cats if ingested. Take time to research if your current plants could be harmful and possibly think about swapping them for something safer (or just keep them out of reach). Some safe plants are Air plants, Christmas Cactus, Boston & Maidenhair fern, friendship plant, Orchids, some herbs including basil, thyme and sage, as well as some succulents like echeveria and haworthia.   Toys & Entertainment Invest in some toys! Cats and dogs alike usually enjoy playing with a variety of pet toys. You could purchase balls or chew toys for a puppy or string toys and scratching posts for a cat. Pets explore with their mouths, especially puppies and kittens so make sure that anything that you buy can be bitten, licked or chewed on. Get a couple of basic toys to see what your pet likes before spending too much on it.   Secure your home and yard Ensure that doors and windows latch properly to minimize the chance of your pets straying from your home. Cats also like to climb curtains and on open window screens, so do some research about cat proof items that you can add to your home. If your kitty will be staying in doors think of investing in a catio.    If your dog has access to the yard during the day, make sure that the fence is in good repair and completely secure. You can also invest in a pet door, either directly installed into your door, wall or a panel that can be added to a sliding door to make it easier for them to go outside while you’re away.   “Such short little lives our pets have to spend us, and they spend most of it waiting for us to come home each day. It is amazing how much love and laughter they bring into our lives and even how much closer we become with each other because of them.” – John Grogan, American Author   If you’re still looking to adopt, visit here: Cataholics Kitty Shelter: <a style=\"color: #b90000;\" href=\"https://www.facebook.com/cataholicskittyshelter/\">https://www.facebook.com/cataholicskittyshelter/</a> Woodrock Animal Rescue: <a style=\"color: #b90000;\" href=\"https://www.facebook.com/WoodrockAnimalRescue/\">https://www.facebook.com/WoodrockAnimalRescue/</a> Randburg SPCA: <a style=\"color: #b90000;\" href=\"https://www.facebook.com/SPCA.Randburg/\">https://www.facebook.com/SPCA.Randburg/</a> Sandton SPCA: <a style=\"color: #b90000;\" href=\"https://www.facebook.com/SandtonSPCA/\">https://www.facebook.com/SandtonSPCA/</a>   </body> </html>","category":"Eco and Social","createdAt":"2020-02-28T10:00:00Z","publishedAt":"2020-02-28T10:00:00Z","summary":"In May 2013, the American Heart Association (AHA) released a scientific statement associating pet ownership with reduced heart disease risk factors and greater longevity. That means, having a pet at home adds to your healthy & Happy lifestyle...","title":"Get Your Home Pet Ready","updatedAt":"2020-11-25T13:02:16.495Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_05_07_28_03_561.jpeg","tags":["home and garden","home decor advice","property advice"],"url":"eco-and-social/get-your-home-pet-ready-28-02-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"6e1cb645738e489dac76234e0940f3bb","body":"<!DOCTYPE html> <html> <head> </head> <body> Sectional title developments are a sought-after buying option in South Africa for a number of reasons. Investors and first-time buyers are buying into sectional title schemes for their convenience, affordability, security and lifestyle benefits.   For example, sectional title units are generally cheaper and easier to maintain because all general exterior operational expenses are covered by the levy and managed by the Body Corporate and the financial risk is believed to be lower because costs are shared amongst unit owners.   Not to mention, finding and placing tenants is significantly faster and easier for sectional title properties. With this in mind it comes as no surprise that sectional title property continues to outsell full-title property in South Africa.   But before putting pen to paper a number of things need to be carefully considered; an important step is to scrutinise the Body Corporate rules and regulations.   What is the Body Corporate? The Body Corporate is a legal entity made up of the registered unit owners that oversee the management and maintenance of communal areas within the scheme.   What are the Body Corporate Rules? The Body Corporate draw up a set of rules that apply to the unit owners and tenants occupying the units within the scheme, outlining the management of the scheme and the expected conduct of the occupants in accordance with the 1986 Sectional Titles Act.   To avoid discrepancies aspirant buyers should carefully read through and fully understand the Body Corporate rules and regulations prior to signing the sales agreement. The rules are enforceable so long as they are registered with the Deeds Office and the trustees’ decisions are final and binding. Should an owner or occupier fail to comply it is within the trustees’ power to issue a written warning, monetary fine or further legal action as stipulated in the Body Corporate rules and in accordance with the Sectional Titles Act.   Common Points to Take Note of in the Body Corporate Rules: <ul style=\"list-style-type: disc;\"> <li> Conduct within the scheme is governed by the trustees. This includes vehicle speed and excessive noise or disturbances by tenants, visitors and owners made at any time (and excessive is usually at the discretion of the trustees) within the complex/estate. Not to mention the proper use and upkeep of communal facilities such as the swimming pool, clubhouse and gardens, as well as the use of designated parking bays. All of these and more are specified in the Body Corporate Rules and must be adhered to by both unit occupants and visitors. </li> <li> Pet ownership is a common cause for disagreement. Certain schemes only permit pets of a particular type and size; for example, the complex/estate may allow cats but not dogs, or may only allow small dogs (below knee-height). In most cases permission from the Body Corporate has to be requested and granted in writing, and should be done prior to occupation. If there are any uncertainties, clarify in writing with the trustees. </li> <li> Many sectional title schemes will not allow structural additions and alterations to the buildings, or require special notice and written permission to be granted by the trustees before work begins. Homeowners are also responsible for maintaining the interior of their unit in a manner that prevents damage to neighbouring units or the surrounding property. Even security gates and devices within an owner’s unit require written permission. </li> <li> Alternatively, it’s a good idea to clarify whether interior maintenance and repairs can be carried out by the owner’s choice of contractor, as some title schemes only permit the use of pre-appointed and approved contractors. </li> <li> The trustees can forbid anything they deem aesthetically displeasing to the outside appearance of the property to be placed in sight, and are within their rights to prohibit the hanging of laundry on common property such as balconies, patios and fencing. </li> </ul> The owner is responsible for ensuring that his tenant adheres to the rules and regulations imposed by the Body Corporate. Sectional title developments are a popular choice amongst South African buyers and investors for their many advantages, but aspirant homeowners need to carefully read through and fully understand the Body Corporate rules and regulations prior to signing a binding agreement to avoid any unforeseen discrepancies.   </body> </html>","category":"Tips for Buyers","createdAt":"2016-06-23T12:27:00Z","publishedAt":"2020-02-01T12:30:00Z","summary":"Sectional title developments are a sought-after buying option in South Africa for a number of reasons. Investors and first-time buyers are buying into sectional title schemes for their convenience, affordability, security and lifestyle benefits...","title":"Before Buying Sectional Title Property, Read the Body Corporate Rules","updatedAt":"2020-11-25T13:11:11.117Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_25_13_11_10_258.jpeg","tags":[],"url":"tips-for-buyers/before-buying-sectional-title-property-read-the-body-corporate-rules-01-02-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"c2a7969749664a34a73bbe3648a34e12","body":"<!DOCTYPE html> <html> <head> </head> <body> 2019 can only be described as a very difficult and unpredictable year in the residential property market, resulting mainly from the sluggish economy in South Africa. The job losses in the economy and poor investor sentiment added to the woes in the property sector. Eskom’s troubles and the resumption of loadshedding also painted a darker picture.   The light at the end of the tunnel was at the lower end of the housing market (under R2 Million), which performed very well. Competitively priced homes offering good value in this bracket sold quickly. Buyers here were rewarded by banks that suddenly had an appetite to grant mortgage bonds and a low interest rate cycle.   Continued Emigration from South Africa and Semigration (a local move within South Africa, usually from Gauteng to the coast, esp Cape Town) has put a significant volume of upper-end properties in the R5 Million+ range on the market with very few of these actually being sold. International buyers have all but disappeared.   The Residential Rental market is Gauteng was characterised by an over-supply of rental stock and fewer good tenants available. This resulted in the following factors: <ul style=\"list-style-type: disc;\"> <li> Longer vacancy periods for rental properties </li> <li> More choice for tenants </li> <li> Significant increase in cancelled rental deals, esp when landlords were tardy in replying to rental applications. Tenants simply moved on to the next property. </li> <li> Negotiation by tenants and a general decrease in the monthly rentals being asked by landlords. </li> <li> Increase in bad debt and rental defaults. </li> <li> Below inflation rental increases </li> </ul> According to TPN the National Demand Rating has decreased by almost 28% since 2016 and the Supply Rating has increased by 33% over the same period. In Gauteng the declining market strength has been driven by a 22% decrease in the Demand Rating and an 8% increase in the Supply Rating over the last 3 years.  Surprisingly, some Advice for Landlords seem oblivious to this and are doggedly holding onto expectations of 10% per annum rental increases.   So what does 2020 hold in store for us? The World Bank has cut SA’s growth forecast to 0.9% and we have started the year with more loadshedding. Business confidence is fragile. As a result most of the industry leaders in the Real Estate sector agree that another tough year is in store in the property market. So it seems that tenants will remain under financial pressure and the over-supply of rental property will slowly start to normalise, but this will in all likelihood still take quite a while.   FNB have forecast an average annual house price growth of 3.7% for 2020, vs an inflation forecast of 4.3%. We believe that the growth in the lower-end market (under R2 Million) will be above 10%, so that at least remains attractive. This means that 2020 will present great buying and renting opportunities to those looking. There will always be a demand for realistically priced property for sale or to rent.   Here also are some of the trends that will continue or gain more traction in 2020: <ul style=\"list-style-type: disc;\"> <li style=\"text-align: justify;\"> Focus on security features available in homes </li> <li style=\"text-align: justify;\"> Going Green and Getting off the Grid – loadshedding and a focus on energy and water saving features. </li> <li style=\"text-align: justify;\"> Increased demand for smaller (Sectional Title) more affordable and manageable homes with reduced monthly costs. </li> <li style=\"text-align: justify;\"> More young buyers with their specific needs. </li> <li style=\"text-align: justify;\"> Sharing of homes for rent. </li> <li style=\"text-align: justify;\"> Continued Emigration and Semigration. </li> <li style=\"text-align: justify;\"> More use of technology in the industry esp. by Estate Agents to streamline the buying and renting processes for buyers and tenants. </li> <li style=\"text-align: justify;\"> At the end of the day the property industry always goes in cycles and even this tough cycle presents opportunities. They question is, are you ready to take it? </li> </ul> </body> </html>","category":"News","createdAt":"2020-01-16T12:14:00Z","publishedAt":"2020-01-16T12:14:00Z","summary":"2019 can only be described as a very difficult and unpredictable year in the residential property market, resulting mainly from the sluggish economy in South Africa","title":"Property Market Review and the Outlook for 2020","updatedAt":"2020-11-25T13:14:12.913Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_05_12_57_55_901.jpeg","tags":["advice for landlords","advice for buyers","advice for sellers","advice for tenants","property advice","selling property","buying property","property investment"],"url":"property-market-review-and-the-outlook-for-2020-16-01-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"81a381463a06470e98eb770d98f5e0ca","body":"<!DOCTYPE html> <html> <head> </head> <body> South Africa’s interest rate is currently sitting at 7% thanks to Covid 19. If you were thinking of buying, now would be a good time. See below some interesting stats for Q3 2020.   <img style=\"float: left; border: 12px solid white;\" src=\"https://s3.entegral.net/news/Content_img_BUYER STATS INFOGRAPHIC\" alt=\"\" width=\"300\" height=\"750\" />   Minimum income to qualify for a Home Loan Several South African banks confirm that there is no minimum income to qualify for a bond. Banks use your income to determine the size of the bond that you do qualify for.   The general rule is that banks will offer you a bond equivalent to the repayment of (33%) of your monthly income towards monthly installments. The installments will be calculated based of the interest rate you have been offered by the bank. This is based on the “repo rate” or prime interest rate, which is set by the SA Reserve Bank.   The prime rate is 7% as at 2020/7/24, your interest might be 9% as the banks will probably charge you a slightly higher rate. As an example, if you purchase a R600 000 property, you’d pay about R5 400 a month, so you would need to earn about R16 200 a month.   How does your Credit Rating affect your Home Loan Application Every South African citizen has a credit record whether good or bad, all your credit transactions are documented and you are given a rating. Your bank will need your permission to access these records and since you cannot get a home loan without them scouring your credit worthiness, you may as well give it to them and get it over and done with.   However you can also obtain these details yourself before submitting them to your bank so that you know what upfront what your chances are. You are entitled to a free copy of your credit record once a year. You can go to www.transunion.co.za for more information or to obtain your credit report.   Your credit history can be a good thing as banks also decide which interest rate to give you based on your credit score and if it is good they will consider you a positive risk and you are more likely to get better offers from different institutions.   First Timers As a first timer you are afforded privileges, and the basic criteria to qualify is the following: <ul style=\"list-style-type: disc;\"> <li> Its needs to be the first time you’re applying for a home loan </li> <li> You must be at least 18 years or older </li> <li> You must be permanently employed for longer than 6 months/self-employed for 2 years </li> </ul> Some of the institutions will offer first timers a bond above 100% to cover some of the Transfer and Legal Costs. Most banks now offer a 30 year bond repayment period, making the monthly costs more affordable, created specifically for first-time buyers.   However sometimes banks will make you take out a bond protection insurance policy (covering your outstanding bond if you die), which will act as security for the loan. Make sure that you state clearly on your application that you are a first time buyer applying for a loan for the first time.   Consult the Professionals Find someone knowledgeable to assist you through this process, it could be your Estate Agent or your bond originator or both. The more professional advice/help you can get the better. Always ensure that the Estate Agent of your choice is fully qualified and has an up to date EEAB certificate, Rogue Estate Agents can hurt you more than help you. </body> </html>","category":"Tips for Buyers","createdAt":"2013-07-05T10:42:00Z","publishedAt":"2020-01-02T10:30:00Z","summary":"South Africa’s interest rate is currently sitting at 7% thanks to Covid 19. If you were thinking of buying, now would be a good time.","title":"First time Buyers and Home Loan Applications","updatedAt":"2020-11-26T09:18:13.023Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_25_13_28_29_190.jpeg","tags":["property advice","buying property","advice for buyers","property investment"],"url":"tips-for-buyers/first-time-buyers-and-home-loan-applications-02-01-20","gallery":[{"url":"https://s3.entegral.net/news/Gallery_2020_11_25_13_28_29_549.jpeg"}]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"1d610cceeb444f5c846485d2431172e9","body":"<!DOCTYPE html> <html> <head> </head> <body> Our established estate agents have access to an extensive buyers list from our large investor and tenant rental book. This database is active and growing, and instantly connects our agents to a large number of potentially interested buyers.   Our agents have developed personal working relationships with many well-known and trusted mortgage originators, brokers and conveyancers, as well as investors, developers, home inspectors, credit bureaus and other business professionals. These industry connections are invaluable when a timeous property sale at the highest possible price is the seller’s main concern. . Etchells & Young take an aggressive stance in their marketing and advertising, covering a variety of mediums and reaching a broad audience. For example; eflyers, online brochures, google advertising, social media advertising, youtube advertising, HD Videos and virtual walk throughs. As well as utilising leading property websites like Private Property & Property24 to advertise our wide range of quality properties.   Our Marketing Department is conscientious and up-to-date with industry trends and changes, continually investigating and implementing the most effective advertising tools available.   In connection with this our agents promptly respond to enquiries from our various advertising platforms, co-ordinate viewing appointments and schedule show days. A welcome relief to busy sellers! . Using a reputable estate agent with professional sales training and experience to sell your property is crucial! Etchells & Young have a strong team of highly-qualified individuals who are equipped to get the best sales price in the shortest amount of time. Our agents have an in-depth knowledge on the sales agreement and transaction process, acting as an objective mediator between the seller and buyer to facilitate a smooth sales transaction from start to finish. . Our successful sales agents possess a combination of powerful negotiation skills, strong interpersonal abilities and an in-depth knowledge of the sales process. Etchells & Young strive to send out agents who are dependable, punctual, consistent, organised, and professional. Industry experience and market knowledge are essential to our high service standard! . Etchells & Young adheres to a strict code of ethics set out by the EAAB, which governs certain duties performed by the agents in order to protect the client. Registered estate agents commit to a reasonable standard of conduct and skill. Failure to comply with these regulations causes serious reputational damage for both the agent and agency, weakening future referral business, and can result in legal action should the noncompliance continue.  Our agents are committed to giving continuous, personalised, professional service! . Regular, accurate feedback throughout the sales process - from viewing to registration - is a necessity. The agent is the primary point of contact between buyers and sellers. Prospective buyers are more likely to give honest feedback to the agent, which is then objectively relayed to the seller - along with the agent’s opinion and advice on positive and negative features, the selling price, required repairs and potential renovations. It should be noted that the agent facilitates repairs, renovations and maintenance to the property between the buyer and seller and makes certain the necessary addendums to the sales agreement are included.  A good sales agent facilitates a smooth buyer-seller relationship! . The sales agent, along with the conveyancing attorney, ensure that all required contracts, reports, documentation and certificates are accurate, valid and in order from the signing of the sales agreement through to receipt of the clearance certificate and transfer duty. This ensures unnecessary delays are avoided. Each step is overseen by both the agent and conveyancer, and regular updates, explanations and assistance given in understanding and completing the documents. . The Etchells & Young sales agents know and understand the dynamics related to rental value, rental and sales demand, realistic market value, condition, sectional title vs freehold and how to successfully execute a sale. It’s no wonder clients naturally turn to us! Our ongoing exposure to sectional title property has elevated Etchells & Young as an industry leader in the greater Randburg and Sandton; however our sales team has expanded and grown to include agents that can successfully handle all property types. Our aim is to maximise your return on investment! </body> </html>","category":"Tips for Sellers","createdAt":"2016-07-13T10:55:00Z","publishedAt":"2020-01-01T11:00:00Z","summary":"Our established estate agents have access to an extensive buyers list from our large investor and tenant rental book. This database is active and growing, and instantly connects our agents to a large number of potentially interested buyers","title":"Why use an Etchells & Young Estate Agent to Sell your Property?","updatedAt":"2020-11-25T13:51:23.01Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_25_13_51_22_588.jpeg","tags":["advice for sellers","selling property","property investment","property advice"],"url":"tips-for-sellers/why-use-an-etchells-and-young-estate-agent-to-sell-your-property-01-01-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"858ec5a559794014a1ac641804d154bc","body":"<!DOCTYPE html> <html> <head> </head> <body> Astute property investors know just how valuable a comprehensive investment strategy is to the long-term success of their prospective investment. These buyers factor a number of different costs into their investment calculations before putting pen to paper on a new buy-to-let property to ensure a positive cash flow.   These costs include, but are not limited to, the initial transfer and bond registration fees, deposit, conveyancer and administration fees, monthly bond repayment, costs involved in the ongoing management and maintenance of the property, insurance and utilities. Inadequate research into the costs associated with purchasing and owning property can have a negative effect on the investment’s rental return. One cost investors often overlook is tenant vacancy.   Tenant vacancy is an investor’s worst nightmare! Simply put, passive income cannot be earned on a property that’s sitting empty. It goes without saying then that one of the largest factors affecting rental return is whether or not the property is occupied by a paying tenant. If there is no rental coming in every month the investor has no choice but to fund the rental shortfall from their own pocket.   It’s crucial that an investor makes provision for tenant vacancy in their financial plan. A general rule of thumb when calculating a property’s investment potential is to factor in a vacancy rate equivalent to ± 5% to ensure that there is adequate personal cash flow available should the property remain vacant for an extended period of time.   The vacancy cost should also take into account the amount of time estimated to find a suitable tenant for a particular property based on demand in the area and similar property turnover.   For example, there is a greater number of prospective tenants for a 2 bedroom townhouse in Northriding with a monthly rental of R7000 than for a furnished 1 bedroom penthouse of R18 000 in Sandton.   Provided the property is in good condition, the rental is market-related and the area is not saturated with many similarly-spec’d properties, finding a quality tenant should not be difficult for the townhouse in Northriding.   The penthouse on the other hand is directed at the smaller niche market of high-earning corporate individuals working in the Sandton area; therefore finding a tenant that earns three times the monthly rental is estimated to take longer and may require a more aggressive approach to marketing and advertising before the current lease agreement ends.   Although a high-risk property may bring in higher returns, the returns on a low-risk property are oftentimes more reliable even if they are lower on a month-to-month basis.   Vacancy Rate Before buying in a particular complex, estate or area an investor should determine the vacancy vs occupancy rate from a reputable area agent and use that as a metric for determining the demand and rentability of the property.   There is often much to be said about a complex with a high volume of vacant units. Investors are advised to investigate whether any of the following are true of the complex/estate: <ul style=\"list-style-type: disc;\"> <li> Tenant vacancy is high because the scheme is not well-run by the managing agent/body corporate </li> <li> The rentals are not market-related, general disrepair and poor condition of the complex/estate </li> <li> Unreasonably high levies </li> <li> Proximity to undesirable facilities like power stations and rubbish dumps </li> <li> Difficulty in accessing public transport routes. </li> </ul> Many of these can also be applied when determining the investment viability of a particular suburb or area.   Reasons for Vacancy: Inadequate Advertising & Tenant-Screening. Landlords should begin marketing their property well before the current tenant vacates, giving them ample time to find, screen and place a new tenant to avoid an empty unit. Advertising the property on a number of different property platforms will reach a greater audience of potential tenants.   More so, utilising the services of a reputable estate agent such as Etchells & Young is a valuable resource. Their in-depth market knowledge and experience, wide database of potential clients and access to popular property portals like Private Property and Property24 are advantageous to finding and placing quality tenants in as short a time as possible.   Furthermore, established rental agents follow a comprehensive tenant-screening process involving affordability, credit history and reference checks. This process minimises the risk of vacancy; placing quality tenants that pay in full and on time.   Internal research shows that one of the leading reasons tenants break their lease is due to affordability issues related to rising household costs and poor credit performance; vacancy is oftentimes avoidable if the necessary procedures are followed in securing the tenant.   When tenants break their lease early, the high tenant turnover rate causes investors to suffer financially whilst a new tenant is placed. Investors should therefore make finding and securing quality tenants a top priority, and this can be done with the help of an established estate agency.   Maintenance & Repairs The general condition of a property can play a large role in tenant vacancy – aspirant renters will not want to live in a property that’s not well looked after or clean.   It’s absolutely vital that the deposit is collected from the tenant prior to occupation to cover any damage or wear-and-tear to the property made by that tenant during their lease term.   If maintenance and repairs are needed before a new tenant can occupy the unit, such as repainting or carpet cleaning, the time required to complete the repairs while the property stands vacant needs to be taken into account as this will temporarily affect the investor’s cash flow.   The longer the maintenance and repairs take to be completed, the longer the property sits without a tenant.   It’s absolutely vital that serious investors make provision for tenant vacancy in their financial plans as a risk management measure. This will improve the viability and success of their property investment in the short and long term. </body> </html>","category":"Tips for Landlords","createdAt":"2019-03-25T10:12:00Z","publishedAt":"2020-01-01T10:00:00Z","summary":"Astute property investors know just how valuable a comprehensive investment strategy is to the long-term success of their prospective investment","title":"The High Cost of Tenant Vacancy","updatedAt":"2020-11-26T10:43:03.324Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_26_10_43_02_918.jpeg","tags":["advice for landlords","property advice"],"url":"tips-for-landlords/the-high-cost-of-tenant-vacancy-01-01-20","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"dd4dc4639b974d3da747926f09fe679d","body":"<!DOCTYPE html> <html> <head> </head> <body> So you have decided to leave – here’s wishing you the very best in what must have been a HUGE decision! Depending on how far down the line you are there must be so much to think about and do to make this big move happen. Obviously we are here to talk about what to do with your property. It may seem like an easy and obvious choice, but as you move along you may find many aspects that influence that choice or decision and it may not end up being that obvious.   Your decision boils down to “do I Sell or Rent my house?” The sooner you can make this decision the better, you will need more time than you think! Chances are the seemingly obvious decision is to SELL – after all you said that you are leaving, right? OK, so what do you need to take into account?   Firstly, we are unfortunately in a Buyers’ market right now and sales are generally slow and cheeky buyers are making cheeky offers and looking for desperate sellers in order to find bargains. Then, are you leaving for good or is there a chance that you are coming back?   We all seem to know someone who has packed up and left for good, but have ended up coming back after a few years for various different reasons.   Other factors to take into account: <ul style=\"list-style-type: disc;\"> <li> What is the supply and demand for houses in your suburb? Some suburbs are flooded with houses for sale and very few buyers are looking. Other suburbs still have strong demand for houses within certain price brackets. </li> <li> What is the price/value of your house? The market is stagnant beyond certain prices in certain areas and quite active below other ranges. </li> <li> Do you have a Bond to settle? </li> <li> How negotiable are you on that price that you have in your mind? </li> <li> Is there anything that you can do to your house to make it more attractive to sell? </li> </ul> Now what if you have decided to rather RENT your house until the market improves - or for any other reasons?   That’s great, you don’t have to go through the pain of selling right now, but don’t fool yourself, you also have a lot to consider and think about: <ul style=\"list-style-type: disc;\"> <li> Firstly, do you know what the rental demand in your suburb, for your type of house is? </li> <li> Is your house “tenant friendly”? </li> <li> Will you be leaving it furnished or unfurnished? </li> <li> What is the correct rental amount to ask for? </li> <li> Are you up to speed with the latest rental legislation? </li> <li> How are you going to manage the rental and tenant from overseas? Or have you rather budgeted for a professional rental company to take the hassle out of your hands and do it for you. </li> </ul> So, whether you have decided to Sell or Rent (or still need to make that big decision), contact us ASAP so that we can help you and take one big item off your plate during this difficult and pressured time. Our experienced and professional agents  (Rental or Sale) are standing by to help, provide advice and answer your questions. </body> </html>","category":"Tips for Sellers","createdAt":"2019-10-11T06:01:00Z","publishedAt":"2019-10-11T06:01:00Z","summary":"So you have decided to leave – here’s wishing you the very best in what must have been a HUGE decision! Depending on how far down the line you are there must be so much to think about and do to make this big move happen","title":"Immigrating From South Africa - #ImLeaving","updatedAt":"2020-11-26T09:48:18.826Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_26_09_32_28_456.jpeg","tags":["advice for sellers","advice for landlords","property advice","selling property"],"url":"tips-for-sellers/immigrating-from-south-africa-imleaving-11-10-19","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"fd4fbe84682a4f3f9764376f3673633c","body":"<!DOCTYPE html> <html> <head> </head> <body> So you are staying, how about actively choosing to contribute positively to a better South Africa and be a part of the solution.   One way to do that is to commit and invest in property. Now is a great time to buy property anyway – we are in a buyer’ market!   Here are a few reasons why it is still a good idea to own property: <ul style=\"list-style-type: disc;\"> <li> We are expecting an upturn and growth in the property market after quite a few years of stagnation. </li> <li> You can customise/upgrade your own property to suit your lifestyle and family situation. </li> <li> Capital growth in property = building your own wealth or equity. </li> <li> If you rent, you have annual rental increases vs reasonably stable bond repayment over 20+ years (only subject to interest rate changes – it could go down!) </li> <li> Build your own equity / forced saving. </li> <li> Family stability not bound by a lease or policed by a Landlord. </li> <li> Earn Extra Rental income (from a flatlet or if this is a rental property) </li> </ul> Take the following into account when deciding to buy a property: <ul style=\"list-style-type: disc;\"> <li> Free standing, Secure Estate or Sectional Title – what are my needs vs additional costs? </li> <li> Security features – this is Jo’burg! </li> <li> Maintenance requirements – does the house I want to buy have a long list of items that need repairing now and what about in future? Certain styles and features have more on-going maintenance requirements than others. A lot of maintenance now could mean that I can negotiate with the seller. </li> <li> What schools and amenities (shopping centres, restaurants, etc) are within easy reach? </li> <li> Does this suburb mean a long or short commute to work? Is that important to me? </li> <li> Take the Costs of Buying into account, such as one-off items like Transfer duties, bond registration cost and on-going costs such as monthly levies, rates & taxes, maintenance, security, etc </li> <li> Renovation/ upgrade potential – can I improve this home at some stage? Is it physically possible or will I be limited because of potentially over capitalising? </li> </ul> So, you may now have more questions than answers, maybe you even want to find a place to rent first.   So don’t delay, let us help you right away! Our experienced and professional agents a (Rental or Sale) are standing by to help, provide advice and answer your questions. </body> </html>","category":"Tips for Buyers","createdAt":"2019-10-11T06:00:00Z","publishedAt":"2019-10-11T06:00:00Z","summary":"So you are staying, how about actively choosing to contribute positively to a better South Africa and be a part of the solution. One way to do that is to commit and invest in property","title":"#ImStaying","updatedAt":"2020-11-26T09:46:27.03Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_26_09_46_26_608.jpeg","tags":["advice for landlords","property advice","buying property","property investment","advice for buyers"],"url":"tips-for-buyers/imstaying-11-10-19","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"2c2e17bd1a27457e9c527cf2f6802292","body":"<!DOCTYPE html> <html> <head> </head> <body> Before we begin to read any further, let us outline 2 basic understanding terms. <ul style=\"list-style-type: disc;\"> <li> A landlord is a property owner who grants another party the right to live in their property for a scheduled time. </li> <li> A tenant, is a person or people who have been granted the right to live in the property. </li> </ul> With that being said, there are certain obligations that a tenant needs to adhere to in order to make their time living at the property, a happy and comfortable one.   A landlord tenant relationship begins the moment the lease has been signed by both parties. The right to occupy a property can be given verbally or in a written agreement, however verbal agreement is not advised.     Landlord Obligations <ul style=\"list-style-type: disc;\"> <li> Preparing a compliant lease agreement in easy to understand terms. </li> <li> Ensuring the property is in a habitable condition. </li> <li> Carrying out repairs to the property which may inhibit occupation </li> <li> Holding the tenants deposit in an interest bearing trust account. </li> <li> Completing an entry and exit inspection before and after occupation. </li> <li> Refunding the deposit at the end of the tenancy, provided that everything is in order. </li> <li> Adhering to the Rental Housing Act and the Consumer Protection Act. </li> <li> Adhering to the terms of the clauses set out in the lease agreement. </li> <li> To furnish the tenant with invoices and receipts of all monies owed and paid by the tenant </li> </ul> Tenant Obligations <ul style=\"list-style-type: disc;\"> <li> Allowing the landlord to complete inspection of the property when arranged. </li> <li>Payment of rent on time and in full each and every month.</li> <li> Keeping the property in the same condition as was handed to him. </li> <li> Adhering to the terms of the clauses set out in the lease agreement. </li> <li> Pay the stipulated deposit as set out in the lease. </li> <li> The tenant may not use the deposit for rent at any point during the lease. </li> <li> The tenant must grant access to any contractors that are appointed for repairs or damage. </li> </ul> The management of the property whilst living in it is one of the things that many tenants worry about and that is the reason why quality tenants prefer to rent professionally managed properties.    Our professional management services include the following:   <ul style=\"list-style-type: disc;\"> <li> Liaise directly with the Body Corporate & Managing Agents </li> <li> Handle all correspondence with the tenant on the landlords behalf </li> <li> Invoice tenants on a monthly basis for rental and utilities </li> <li> Send a detailed monthly rental statement to the landlord </li> <li> Collect the monthly rental and utilities </li> <li> Chase and follow up late and part payments on behalf of the landlord </li> <li> Deal with problematic tenants when neccesary </li> <li> Feedback to the owner in the case of any issues </li> <li> Payment of utilities, levies and any other accounts </li> <li> Assistance and advice with regards to Legal Processes & Evictions </li> </ul>   Our Maintenance Department <ul style=\"list-style-type: disc;\"> <li> Deal with maintenance queries raised by tenants </li> <li> Full administration of repairs and maintenance </li> <li> Determining tenant liability for maintenance as per the lease </li> <li> Payment of authorized maintenance/repairs on the owners' behalf </li> <li> Attend to emergency and after hours maintenance issues </li> <li> 24 hour maintenance number in case of emergencies </li> <li> Access to professional and reliable contractors </li> <li> Dealing with Body Corporate and insurance claims as required. </li> <li> Manage exit inspection snag list and repair damage caused by tenants by applying the deposit as required </li> </ul> #AskEtchells -  It’s always best to remain honest at all times and to be frank with each other as disputes take some time to deal with. Having an agent take care of you, your property and your tenant is a safer and better option for both parties.     </body> </html>","category":"Tips for Landlords","createdAt":"2018-08-01T11:20:00Z","publishedAt":"2018-09-30T11:30:00Z","summary":"A landlord tenant relationship begins the moment the lease has been signed by both parties","title":"Tenant and Landlord relationships","updatedAt":"2020-11-26T12:40:31.037Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_26_11_13_57_611.jpeg","tags":["advice for landlords","property advice","property investment"],"url":"tips-for-landlords/tenant-and-landlord-relationships-30-09-18","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"8c10f2ee14e34b8d8455a5579cca9175","body":"<!DOCTYPE html> <html> <head> </head> <body> Gone are days where you could buy a home in your 20's. Recent studies have shown that the home buyers in South Africa are no longer purchasing properties in their younger years, but rather at an older, more stable age.   According to recent research from home loan originator ooba, first-time home buyers increased by 12% in June, with the average age of buyers being 34.   In South Africa the average middle-class Millennial and younger Generation appear to be waiting longer to enter the property market.\" stated by Property Professional, the South African Industry magazine. John Loos, household and property sector strategist with FNB says since 1980 the property buyer population younger than 30 years has declined almost by half, from 22.15% to 12.34%.    That is quite a drop in the age market. Is it possible that younger people are just patiently waiting for the economy to improve so that they could purchase an affordable property?   It seems as though a small percentage now covers the younger age gaps willing to buy a home but with many factors which add up to this. i.e.: Expenses, Interest Rates, the South African Rand,.   Millennials have become more independent and advanced with regard to technology and knowledge via social media which has made it easier to make decisions but with their age being a factor, credit score and lifestyle, the youth have somehow taken a step back which has caused a decrease in numbers for purchased homes.   Saving money and investing has not been as easy as it has been before but with the right mind-set and goals, you can afford the property that you want with some time, thought and consistency.  #AskEtchells It's time to rise up as a youth and take heed of the finer and more valuable things in life, such as adopting a healthier financial habit: <ul style=\"list-style-type: disc;\"> <li> Set Financial Goals for yourself and work on achieving it, explore the economic world but do not put yourself in any debt. You don't want to get yourself black listed which will have a completely negative effect on your life moving forward. </li> <li> Work on an affordable and realistic budget for yourself each month, and save or invest some extra money, even if you're just starting with R200. You will notice, in time of need, that R200 can go a long way. </li> <li> Check your monthly bank statements, receipts on what you spend with regard to fuel, general expenses, and luxury and keep track of what you're spending. Realizing whether you want or need something makes a very big impact on your pocket, forget the \"YOLO\" line and remember to pave your future. Live and experience, but take your brain with you. </li> <li> Save your overtime, extra cash, bonus money, promotion money and invest it or just save it and forget that you have the money until you may need it. </li> <li> Work on building a more positive credit score which helps you in the future. </li> <li> Change the way the youthful generation thinks, be the game changer. </li> </ul> </body> </html>","category":"Tips for Buyers","createdAt":"2018-06-27T11:56:00Z","publishedAt":"2018-06-27T11:56:00Z","summary":"Gone are days where you could buy a home in your 20's. Recent studies have shown that the home buyers in South Africa are no longer purchasing properties in their younger years, but rather at an older, more stable age","title":"Purchase A Home While You are Young","updatedAt":"2020-11-26T13:04:20.404Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_26_12_50_49_064.jpeg","tags":["buying property","property advice","advice for buyers","property investment"],"url":"tips-for-buyers/purchase-a-home-while-you-are-young-27-06-18","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"6c210b4a543d45e8842d57f5fc687c27","body":"<!DOCTYPE html> <html> <head> </head> <body> Life has become quite stressful. We all need a home that is a haven to relax and de-stress.  One of the best ways to create a positive and serene ambiance in your home is by adding a few useful plants. It's an easy and cost effective way of making it the place you can't wait to get to after a long and stressful day.  Having a few simple plants around the house can greatly benefit your psychological and physical health.     This idea is supported by PHD Jonathan S.Kaplan who theorizes that even the mere presence of a plant can have good benefits.   These are some of the plants that we thought could be beneficial for you: <img style=\"float: left;\" src=\"https://s3.entegral.net/news/Thumbnail_2020_11_03_16_08_42_147.jpg\" alt=\"\" width=\"300\" height=\"219\" />     ALOE (Aloe Vera) Aloe Vera is incredible for promoting positive harmony in your home. Regarded by Feng Shui enthusiasts and health experts to be a great source of positive energy and is medicinally useful too. The stalk’s gel can be a great soothing substance promoting the regeneration of skin cells.  Aloe Vera can grow under natural or artificial light.         <img style=\"float: left;\" src=\"https://s3.entegral.net/news/Content_img_2020_11_03_16_08_43_478.jpg\" alt=\"\" width=\"300\" height=\"211\" />     LILLY (Lilium ) This plant promotes a healthy flow of calm energy around the home, boosting confidence and promoting spirituality and serenity. It also serves a practical purpose by removing the mold from the air and reducing the level of cancer causing formaldehyde. Flourishes well in dark places and should be kept in a shaded area of your bedroom to promote better sleep.       <img style=\"float: left;\" src=\"https://s3.entegral.net/news/Content_img_2020_11_03_16_08_44_127.jpg\" alt=\"\" width=\"300\" height=\"205\" />   LAVENDER (Lavandula Vera) Lavender exudes a soothing and intoxicating smell that instantly relaxes you and relieves tension. The plant is known to promote better circulation and improve sleep it also acts as a disinfectant. Consider using this plant as tea to relieve stress as the oils have been proven to alleviate insomnia and aid depression.         <img style=\"float: left;\" src=\"https://s3.entegral.net/news/Content_img_2020_11_03_16_08_44_787.jpg\" alt=\"\" width=\"300\" height=\"215\" />   BASIL (Ocymum Basilium) Basil is a antibacterial, antiseptic and an antidepressant. This plant is known to promote circulation of passion and love around the home. In addition to the perfect garnish for any dish, it’s known to get rid of mosquitoes – place in any hot, humid, bug-filled areas!               <img style=\"float: left;\" src=\"https://s3.entegral.net/news/Content_img_2020_11_03_16_08_45_490.jpg\" alt=\"\" width=\"300\" height=\"152\" />   MONEY PLANT  (Epipremnum Aureum) The plant’s name in itself promotes happiness. But it’s not just wealth it is rumored to promote, it is said to be a good plant for avoiding anxiety. It is also known for boosting oxygen levels in the home, promoting good circulation and better health.   </body> </html>","category":"Eco and Social","createdAt":"2018-06-18T07:13:00Z","publishedAt":"2018-06-18T07:13:00Z","summary":"Life has become quite stressful. We all need a home that is a haven to relax and de-stress. One of the best ways to create a positive and serene ambiance in your home is by adding a few useful plants","title":"Plants that have a positive effect on you and your home environment","updatedAt":"2020-11-26T13:26:19.725Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_03_19_08_14_818.jpg","tags":["home interior ideas","home decor advice","home and garden"],"url":"eco-and-social/plants-that-have-a-positive-effect-on-you-and-your-home-environment-18-06-18","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"1d5c825c4b9946bd9cad9ca8183153c5","body":"<!DOCTYPE html> <html> <head> </head> <body> The stress of being blown away by the winter electricity bill can cause some anxiety on any family especially since it’s that time of the year where everyone takes out their heaters and leave it on the whole day.  Here are a few tips to keep your home warm this winter: <ul style=\"list-style-type: disc;\"> <li> As curtains act as an insulation and keeps warmth in your room, make sure to use thick curtains during the winter season and take advantage of the free sun-light during the day by allowing the sunlight to come into your home. </li> <li> Try to have objects such as metal, or cotton pieces which absorb the sun. Ever left your car outside on a summer day and jumped back in 2 hours later? – the inside becomes hotter than outside by absorbing and maintaining the heat. But be weary of how you arrange your furniture during this time and do not block the heat from flowing through to the rest of your home. </li> <li> Insulate your floor using warm rugs/carpets, don’t let the cold radiate up from under the floor! </li> <li> Snuggle your pets for some warmth, we all know how our pets love to be cuddled and pampered. </li> <li> Hot water bottles may seem outdated but bring back the old and keep your hot water bottle nearby. </li> <li> Close any unoccupied room doors so that the heat can stay in the main areas for warmth. </li> <li> Hang your washing up inside, even if it is not raining. – This will pick up the humidity level in the house and raise the temperature significantly. </li> <li> It may sound obvious but do not choose fashion over warmth. Rather dress appropriately. </li> <li> If you decide to re-decorate and re-colour your home, consider applying energy-saving paint to your walls which reflects body heat back to you for comfort and is energy saving during the winter season and in the summer. Its low-emissivity (similar to low-e glass) reduces the radiant heat from hot, sun-drenched walls to make you feel more comfortable indoors – it’s a win-win for both seasons! </li> <li> Sometimes it’s quite easy to convince yourself that you’re warm through the use of colour and texture so be sure to add lots of bright red and orange in the home with a lot of fluffy knitted fabrics. </li> <li> If you want some romantic relaxation for you and your partner consider using candles around the house in a safe manner. The candle lights trick your brain into feeling warmer as it adds a cosy and comfortable feeling – unfortunately this may give off the “baby making weather vibe” so don’t hold us accountable. </li> <li> Bond with your friends and family. One of the biggest electricity thieves during winter is our TV Screens, so why not minimize the screen time by adding in some exciting board games, family discussions and even some exercise to keep you entertained during the crazy winter weather. </li> </ul> Always remember: If you’re going to use any other heating devices, make sure to choose the most energy efficient option which benefits you in the longer run. Now that we have you covered, enjoy the cold and make the most of the weather as summer is about to be a heated one. #AskEtchells </body> </html>","category":"Eco and Social","createdAt":"2018-06-06T10:35:00Z","publishedAt":"2018-06-06T10:35:00Z","summary":"The stress of being blown away by the winter electricity bill can cause some anxiety on any family especially since it’s that time of the year where everyone takes out their heaters and leave it on the whole day","title":"Cost Effective Ways to Keep Your Home Warm in Winter","updatedAt":"2020-11-26T12:57:45.562Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_03_19_08_08_181.jpg","tags":["home and garden","property advice"],"url":"eco-and-social/cost-effective-ways-to-keep-your-home-warm-in-winter-06-06-18","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"2851cec43065487aa0cdd6a5f636f1a6","body":"<!DOCTYPE html> <html> <head> </head> <body> Being a landlord can be quite tricky, that's why we offer a professional Property Rental and Management Service where we protect you!  As the owner of a property, your goal would be to accumulate wealth and for the property to eventually pay for itself, without taking up all of your valuable time.    If you are not 100% informed and fully compliant with the laws and regulations that govern this industry #asketchells.  We've got you covered!   If you as a landlord are planning to manage your own investment property, it would be in your interest to consider the following questions: <ul style=\"list-style-type: disc;\"> <li> Do you know your obligations and your tenant’s rights according to the new Consumer Protection Act? </li> <li> Are you operating within the regulations of the Rental Housing Act? </li> <li> Do you provide your tenant with monthly statements and invoices? </li> <li> Do you keep your tenant’s deposit in a separate interest bearing account? </li> <li> Do you have the time to monitor and manage the repairs and maintenance of your property? </li> <li> Do you know how to respond if you are called to appear before the Rental Housing Tribunal? </li> </ul> Provided you have sourced and placed a quality tenant who pays the rent on time, treats your property with respect, and that you fully understand your obligations as well as the tenant’s rights, this goal is achievable.   If you are not protected from potentially unscrupulous claims from disgruntled tenants, contractors and other bodies, you could be in for a lot more than you bargained for.   Sometimes it is better (and less expensive) to hire a fully compliant professional who has the expertise and experience to manage your investment property and act in your best interest, especially in a complex industry, with many potential pitfalls. Imagine the comfort of having someone else deal with the worry and stress of managing your own property.  </body> </html>","category":"Tips for Landlords","createdAt":"2018-05-28T10:14:00Z","publishedAt":"2018-05-28T10:14:00Z","summary":"Being a landlord can be quite tricky, that's why we offer a professional Property Rental and Management Service where we protect you! As the owner of a property","title":"Rental and Management Services for Landlords","updatedAt":"2020-11-26T13:03:27.56Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_26_13_03_26_623.jpeg","tags":["property investment","advice for landlords","property advice"],"url":"tips-for-landlords/rental-and-management-services-for-landlords-28-05-18","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"e931d0d539b04d6481168e43396d13f3","body":"<!DOCTYPE html> <html> <head> </head> <body> \"Several South African banks confirm that there is no minimum income to qualify for a bond. Banks use your income to determine the size of the bond that you do qualify for.   The general rule is that banks will offer you a bond equivalent to the repayment of (33%) of your monthly income towards monthly installments. The installments will be calculated based of the interest rate you have been offered by the bank.   This is based on the repo rate or prime interest rate, which is set by the SA Reserve Bank.  A credit score is quite significant when it comes to an approved bond, be it good or bad, a credit score indicates your financial history to represent the credit worthiness of an individual.   This is where credit purchases come in handy, a good credit score gives the \"Bond approver\" a sense of how one pays their debt. Good credit scores allow an individual a positive rating when it comes to repayments of a bond. Have a look at your credit score today at <a style=\"color: #b90000;\" href=\"https://www.transunion.co.za\">www.transunion.co.za</a>.   Whilst some lucky individuals are able to buy a home with cash up front, the average person has a reality of a finance delay when it comes to buying their first home. First time buyers now have an added advantage which helps their pockets and frees their mind of worry. How are you able to qualify for a bond with an added advantage? Have a look: <ul style=\"list-style-type: disc;\"> <li> You should be a first timer - first time applying for a bond. </li> <li> Be at least 18 years old, or older. </li> <li> Should be permanently employed longer than 6 months or self-employed for over 2 years. </li> </ul> First timers are sometimes offered a bond above 100% to cover some of the legal and transfer costs involved.  A lot of our banks now offer a 30-year bond repayment which makes it easier for your pocket as you focus on your new property, making the installment lower each month.     Banks are showing an increased appetite to lend - according to first quarter (Q1 2018) property statistics recently released by Ooba, South Africa’s leading home loan originator. It's quite important to stipulate that you're a first-time buyer when applying for a bond so that banks allow you some leeway with regard to bond insurance.     #AskEtchells - Speak to a professional agent of your choice who is fully qualified and experienced, with a precise and clear understanding of the process to purchase a home and get a bond approved. </body> </html>","category":"Tips for Buyers","createdAt":"2018-05-25T05:34:00Z","publishedAt":"2018-05-25T05:34:00Z","summary":"\"Several South African banks confirm that there is no minimum income to qualify for a bond. Banks use your income to determine the size of the bond that you do qualify for","title":"Approved Bonds for First-Timers","updatedAt":"2020-11-26T13:11:11.308Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_26_13_11_10_855.jpeg","tags":["property advice","advice for buyers","buying property"],"url":"tips-for-buyers/approved-bonds-for-first-timers-25-05-18","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"749f155e89934f0083719f886febe3b9","body":"<!DOCTYPE html> <html> <head> </head> <body> As a student, job market entrant or young professional looking to rent for the first time, it’s important to keep these things in mind before signing the lease:   Remember that a lease agreement is a legally binding contract. On signing, you agree to pay the rental amount on time and in full every month. Failure to comply with the terms and conditions set out in the lease agreement will result in monetary and/or legal penalties - which will make securing future rental agreements difficult. Moreover, you agree to comply with the rules and regulations stipulated in the lease agreement. These could be pet policies, visitor restrictions or noise considerations. Moreover, you are obligated to return the property to the landlord in good order at the end of the lease agreement.   Credit checks – performed by the real estate agent or landlord - assess whether or not you could comfortably afford the rental. These compile your previous and existing credit commitments, and give an overall rating on your credit performance. This is a prerequisite. As a young professional or student, your credit record may reflect little to no credit history. In this case the landlord’s decision will rely more heavily on how you currently handle your money – as reflected in your bank statements. Most rental agencies require that you, as the applicant, earn at least three times the rental amount. Your rental thus constitutes a 1/3 of your monthly salary.   Reputable estate agencies and landlords require a deposit (usually equal to one month’s rent), and this must reflect in the account before you take occupation. Keep this in mind, as you may have to save to afford both the deposit and the first month’ rent, which is paid on a monthly basis in advance. If the tenant is responsible for any damage to the property, save fair wear and tear, the landlord is within his rights to claim reasonable costs for repairs from the tenant’s deposit. In addition, it’s crucial that in that first month you budget for the cost of moving your furniture, as well as any installation costs (such as for DSTV or WiFi), as these additional expenses have a terrible habit of cropping up when you least expect it.   It’s important that you take your time in finding the right property that meets your requirements. Consider the property’s proximity and access to highways and major travel routes, as well as amenities (shopping malls, gyms, public parks) that form part of your lifestyle. It may be a good idea to visit the property during peak hour traffic (early in the morning or late in the evening) to get an idea of how accessible it is during those times, or how congested.   Additionally, ensure that the property offers adequate security – whether it’s an apartment in a complex or a freestanding house. Security is a particularly important factor if you’re considering renting a flatlet or garden cottage, as many students choose to do.   For affordability reasons students may decide to have a house or flatmate. In one sense the rent is shared between one or more people, and this allows for a slightly bigger place with better facilities. On the other hand (and particularly if the housemate is a stranger) sharing the rental, your space and other miscellaneous costs may be challenging, so the decision should be considered wisely.   Spend time researching the property’s price in relation to similar rentals in the area, and the general rental of properties in adjacent areas. Contact a reputable area estate agent if you have any questions. Rental agents have a wealth of market knowledge and property experience, and will be able to advise whether or not they have something that suits your preferences. Additionally, estate agents will assist in the rental application process - from signing the application form to the key handover, and everything in between.   At your viewing, try to imagine how the apartment would look furnished with your own furniture. This may be difficult, but it would give you an idea of whether your furniture would comfortably fit within the space. Take note of cupboard space, in both the kitchen and the bedroom, and the state of the bathrooms. Take the time to walk around each room, making mental notes of what you like and don’t like. If your requests for changes are reasonable, raise them with your agent.   Young people wish to assert their independence, self-sufficiency and responsibility. The lease agreement finalisation may seem daunting, but with the right agents at your side you can take confident steps towards emancipation. </body> </html>","category":"Tips for Tenants","createdAt":"2018-04-11T13:30:00Z","publishedAt":"2018-04-11T13:30:00Z","summary":"As a student, job market entrant or young professional looking to rent for the first time, it’s important to keep these things in mind before signing the lease: Remember that a lease agreement is a legally binding contract","title":"Advice for First-Time Renters","updatedAt":"2020-11-26T13:19:37.368Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_26_13_19_37_040.jpeg","tags":["advice for tenants","property advice"],"url":"tips-for-tenants/advice-for-first-time-renters-11-04-18","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"7273d80a9fe94ec3a0bbcca36214128f","body":"<!DOCTYPE html> <html> <head> </head> <body> Lease agreement cancellations are tricky at the best of times. Gladwin and Pretorius of Schindler’s Attorneys stress the difference between cancelling a lease agreement before the termination date and cancelling due to a breach of contract. Both terminations are subject to the Rental Housing Act (1999) and the Consumer Protection Act (2008), and both fall under the South African common law.   Lease Cancellation due to a Breach of Contract According to the Rental Housing Act No. 50 (1999), section 4 (5) (c) a landlord may terminate a lease if the tenant is in breach of contract on grounds that do not constitute unfair practice.The landlord is required to give the tenant at least 20 working days to remedy the situation, depending on the severity of the breach in question, after which the landlord may terminate the agreement. Lease agreement violations contradict the conduct agreed upon by both parties beforehand.   For the most part these include the tenant failing to pay the rental amount in full every month, expressly prohibited illegal, dangerous or life-threatening behaviour within the dwelling or on the property premises, intentional damage to the property or continued noncompliance with body corporate rules and regulations at the expense of the other tenants in the complex/estate.   The Consumer Protection Act makes provision for landlords in this position to claim a reasonable cancellation penalty fee from the tenant. The CPA provides guidelines in Regulation 5 on how to go about this - taking into account the length of notice given and the time it would take to replace the vacating tenant.    The landlord has no right to unlawfully disconnect water and lights, forcefully remove the tenant or change the locks to keep a tenant out of the property. In fact, should the landlord wish to terminate the lease and repossess his property - and the tenant is not in agreement - the landlord must obtain an order from the court. Fines and imprisonment have been implemented as a deterrent to landlords who continue to evict tenants unlawfully or violate their rights in any such way.   Likewise, the tenant has the right to terminate the lease agreement if the landlord fails to perform his duties - within reason - as stipulated in the lease agreement; some of which include ensuring that the property remains fit to live in, and that repairs and maintenance, especially those affecting the tenant’s living conditions, are completed in a timely manner.   Both parties are given time to remedy the situation, failing such the innocent party is within their rights to terminate the lease agreement before expiration and claim damages if necessary.   Lease Cancellation before the Lease Expiry Date On the other hand, the CPA allows for the lawful cancellation of a lease agreement at any time by giving 20 business days' notice, however, in this case the landlord shall be allowed to charge the tenant a cancellation fee in order to recover costs. This fee must be agreed in the lease agreement.   The tenant or landlord may cancel the lease agreement before the agreed upon termination date, provided that the cancellation complies with both the Rental Housing Act No (1999) and the Consumer Protection Act (2008).  This is the more common of the two, and is usually the result of unforeseen circumstances such as job loss, changes in the family structure, relocation or emigration. A cancellation is permissible so long as both parties agree.    This is made easier if the landlord and tenant included a cancellation clause in the lease agreement allowing for early termination if necessary based on acceptable terms.  However, if the two are not in agreement, or there is no cancellation clause in the lease agreement, the CPA or the RHA legislature apply.   Most reputable estate agencies will adhere to section 14 of the Consumer Protection Act (2008) in the case of a tenant cancelling a lease agreement before the expiry date, and make provision for this in their leasing contract. These agencies ensure that their lease agreements comply with the stipulations of both the RHA and CPA.   Etchells & Young's lease states that the landlord is within his rights to claim a cancellation penalty equal to 2 month's rent if the cancellation is received when more than 6 months remain before the expiry of the lease agreement or a cancellation penalty equal to 1 month's rent if the cancellation is received when less than 6 months before the expiry of the lease agreement.    The CPA only applies to Natural Persons, and not Juristic Persons - who are required to give +2 month's written notice and to pay the rental until a new tenant is found.    The RHA states that on cancellation the tenant is obligated to return the property to the landlord in a good state of repair, save fair wear and tear. If the tenant vacates the property without sufficient notice to the landlord before the expiration of the lease - typically 20 business day’s written notice or as stipulated in the lease’s cancellation terms - the landlord retains all his rights arising from the tenant’s breach of contract.   As compensation for the rental income the landlord loses in the tenant vacating without notice and potential loss of rental income until a replacement tenant is found the landlord is within right to withhold the tenant's deposit to recuperate costs. In conclusion, the landlord may only cancel the lease if the tenant is in breach and does not remedy the breach within the specified time.   The tenant may legally cancel the lease at any time, but the termination of the lease agreement before it's expiry will incur cancellation penalties. The landlord has the right to charge a reasonable cancellation fee as per the lease signed, based on the remaining lease period before expiry.   </body> </html>","category":"Tips for Landlords","createdAt":"2018-03-27T13:10:00Z","publishedAt":"2018-03-27T13:10:00Z","summary":"Lease agreement cancellations are tricky at the best of times. Gladwin and Pretorius of Schindler’s Attorneys stress the difference between cancelling a lease agreement before the termination date and cancelling due to a breach of contract","title":"Breach of Contract vs Early Termination ","updatedAt":"2020-11-26T13:34:42.066Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_26_13_34_41_613.jpeg","tags":["advice for tenants","advice for landlords"],"url":"tips-for-landlords/breach-of-contract-vs-early-termination-27-03-18","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"9230b80611eb4fb9bd269d357e146925","body":"<!DOCTYPE html> <html> <head> </head> <body> The City of Johannesburg’s General Valuation Roll for 2018 was published on the 20th February, following a city-wide valuation process, certified midway through 2017.  The City Council of Johannesburg – in conjunction with the Independent Municipal Valuer and professional analysts and data collectors – assigned municipal values to almost 900 000 registered properties using a computer-assisted mass appraisal (CAMA) system.  According the Deidre Hendricks of the City of Johannesburg, the Valuation Roll system takes into account the annual market value increases, impacts, sale and movements during the Valuation Roll period, beginning mid-2013.   The outcome has caused city-wide distress. More than 70% of the properties increased exponentially – between 20% and 80% of their market value at 1 July 2017 – whilst almost 6% of the properties increased by more than 81%. Homeowners have critised the valuation as excessive, even ludicrous, driving up municipal bills to well beyond what many can realistically afford.   According to the City of Johannesburg: the valuation roll is valid for four years, from 1 July 2018 until 30 June 2022, and municipal rates are calculated on the same value for the four-year period, unless changes are made that may affect the property's value. In other words, the municipality uses the valuation roll to determine property rates.   Inaccurate, over-priced market values will have a detrimental effect on the property market – having experienced several years of significant pressure in SA’s stagnant economy. High rates and taxes will force owners to sell, flooding a market already short on quality buyers with unaffordable property. Both the market and the economy will suffer.   MMC for Finance, Cllr Funzela Ngobeni , announced that the new valuations would result in considerable increases in the cost of water, electricity and refuse removal on commercial and industrial; residential, mining and municipal properties; agricultural holdings and farming land.   Within two weeks of opening the General Valuation Roll to the public, thousands of residents had formally submitted objections. In response, the Independent Municipal Valuer advised Mayor Herman Mashaba to further investigate the numerous claims that properties had been over-valued. Mashaba later announced that the City of Johannesburg would revise the new property valuation process. The Mayor’s Office reported that communication was underway with the homeowners of more than 8000 “potentially “ over-valued properties.   The General Valuation Roll has been opened to the public for a 45-day period, ending 6 April 2018.  The City Council has urged members of the public to participate in the amendment, as prescribed by the Municipal Property Rates Act 6 of 2004. Failure to do so may result in homeowners having to pay excessively high municipal rates until mid-2022.   Ratepayers may inspect the Valuation Roll at any of the 12 selected venues City-wide. Alternatively, the homeowner may register on the CoJ website and complete the online objection form. It’s crucial that the property owner provides market research that proves that their property is over-valued - such as comparative sales in the area - and uploads that on completion of the online objection form. Objections can not be finalised without proof.   The <a href=\"https://coj2018.evaluations.co.za/eServices/Index.aspx\">CoJ website</a> provides comprehensive information and guidance on how to object or appeal the value assigned by the Valuation Roll. They state explicitly: <ul style=\"list-style-type: disc;\"> <li> NO FORM EMAIL OR FACSIMILE (FAX) SUBMISSIONS WILL BE ACCEPTED. </li> <li> NO LATE OBJECTIONS WILL BE ACCEPTED. </li> <li> CLOSING DATE FOR OBJECTIONS IS 15:00 ON 6 April 2018. </li> <li> THE COMPLETED OBJECTION FORMS CAN BE RETURNED BY HAND TO ANY OF THE 12 SERVICE CENTRES. </li> <li> THE COMPLETED OBJECTION FORMS CAN BE SUBMITTED ONLINE ON THE WEBSITE. </li> <li> THE COMPLETED OBJECTION FORMS MUST INCLUDE THE SECTION 49 NOTICE. </li> </ul> </body> </html>","category":"News","createdAt":"2018-03-20T13:00:00Z","publishedAt":"2018-03-20T13:00:00Z","summary":"The City of Johannesburg’s General Valuation Roll for 2018 was published on the 20th February, following a city-wide valuation process, certified midway through 2017","title":"Outcry Against 2018 Valuation Roll","updatedAt":"2020-11-27T10:18:17.435Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_27_10_18_17_247.jpeg","tags":["selling property","property investment","property advice","advice for sellers"],"url":"outcry-against-2018-valuation-roll-20-03-18","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"5e79b4e8315b4037a68a62d23d575bc7","body":"<!DOCTYPE html> <html> <head> </head> <body> Of the total Home Buying percentage in 2017, the FNB Estate Agent Survey reported that 20.27% of the buyers were First-Time Home Buyers – a very slight improvement on 2016 levels – indicating that for the most part the buying category appears to have stabilised. Historically, this buying category deteriorated rapidly following the cyclic interest rate hiking beginning in 2014.   John Loos of FNB stated that this was to be expected of aspirant home buyers, especially those entering the market for the first time, given that they are “far more dependent on credit to enter the home buying market, and thus more sensitive to interest rate changes” in contrast to older, repeat buyers.   The current interest rate climate - seeing a 25 basis point cut mid-2017 and remaining unchanged in November 2017 and January 2018 - provided it remains stable or better yet improves, may result in a further increase in the first-time buyer percentage this year. What is interesting is that despite the fact that the interest rate climate is the same for all provinces, the major metropolitan regions [Gauteng, the Western Cape, Eastern Cape and Kwa-Zulu Natal] reflected varying degrees in performance. According to Loos the difference in performance “appear strongly reflective of major home affordability differences by region.”   Gauteng’s Johannesburg and Tshwane metropolitan regions reflect increases above the national average of 20.27% - Johannesburg’s first-time buyer percentage now sits at 25.9%, whilst Tshwane increased by 3% y-o-y to 26.7%. These estimates are largely to thank for the stability in the first-time buyers category.   The increase in first-time buyers is seen as largely due to the low house price growth recorded in the region over the last few years, improving affordability relative to household income. Proportionally, the City of Cape Town has experienced considerable house price growth in a relatively short amount of time, resulting in a sharp decline in affordability and an estimate of 7.5% of the total buyers as first-time buyers.   The average age of bonded first-time home buyers in Gauteng is another indication of home affordability. In Gauteng, the estimated average age of a bonded home buyer was 36.95 years, compared to +39 years of the Eastern and Western Cape and Kwa-Zulu Natal. Recent improvements in the social, political and economic environment may well bolster the national average of first-time home buyers in 2018. </body> </html>","category":"News","createdAt":"2018-02-07T11:07:00Z","publishedAt":"2018-02-07T11:07:00Z","summary":"Of the total Home Buying percentage in 2017, the FNB Estate Agent Survey reported that 20","title":"Gauteng Outperforms in percentage of First-Time Home Buyers","updatedAt":"2020-11-30T10:16:18.195Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_03_19_07_54_304.jpg","tags":["advice for buyers","property investment","buying property","property advice"],"url":"gauteng-outperforms-in-percentage-of-first-time-home-buyers-07-02-18","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"e635df039bdb446a9ba4f129b83d9ea1","body":"<!DOCTYPE html> <html> <head> </head> <body> John Loos, FNB’s Household and Property Sector Strategist, expects “a slightly better residential market performance to emerge in 2018” owing to a number of contributing factors.   The SARB released its Leading Business Cycle Indicator on the 23rd of January. The report revealed a steady rise in certain business cycle indicators, such as a notable improvement in trading activities and exports, and an increase in the average number of hours worked as well as an increase in the volume of orders in the manufacturing sector. In most cases, an increase in these positive contributors is an accurate indication of future economic performance, both locally and globally.   Similarly, the OECD (Organisation for Economic Co-operation and Development) projected that economic growth in the next two years would improve, albeit moderately.   In the Economic Forecast Summary for November 2017, the OECD announced that investment is predicted to support growth in 2019 provided that local business and consumer confidence continue to improve. The ideal, according to the OECD, is to establish an environment where “public investment fosters growth and significantly reduces social inequality.” Investment, whether national or international, is an essential element in all aspects of economic and country-wide growth – South Africa in itself relies heavily on the net inflow of foreign investment.   International and local buyer/seller sentiment was significantly dampened following the recent credit rating downgrades and an increasingly volatile political climate – detrimentally, many investors have taken the “wait-and-see” approach regarding new prospects.   Agents noted that the poorly-performing market activity included a notable decline in both buyer and seller interest as well as activity in 2017.   With reference to the FNB Estate Agent Survey in the 4th Quarter of 2017 an alarming 37% of agents cited “Economic Stress/General Pessimism” towards South Africa’s political and economic climate as the greatest contributor towards a prolonged weakening in the Housing Market (characterised by an imbalance in supply and demand).   Simply put, in conjunction with an oversupply of stock, there is also a major shortage of eligible buyers. Many buyers are no longer in a position to save a decent deposit to strengthen their homeloan application (due to rising household costs), or merely to qualify for a homeloan. This forces an average of 95% of total sellers to drop their asking prices, resulting in a stagnation in house price growth.   However, inflation is now within the target range (3% to 6%) and predicted to remain so. Near-term adjustment to policy rates is a strong possibility, further motivating investment. Additionally, the FNB Estate Aagent Survey’s “Home Buying Confidence Index” has risen significantly since the 4th Quarter of 2016, and continued to show a modest increase Quarter-on-Quarter in the 2017 report.   Loos’ prediction - that the increase could suggest a continued, albeit mild, improvement in 2018 - is supported by the SARB and OECB reports.  The notion of economic improvement was bolstered by the ruling party’s December elective conference appointing Cyril Ramaphosa as the new leader of the ANC. A number of favourable elements accompanied the decision – most notably; stabilising food prices, falling inflation, and the possibility of further interest rate drops – which support mild growth in Household Sector Disposable Income, motivating housing demand in 2018.   If the strengthening Rand is anything to go by, (from a high of R14.47 to the Dollar in November to R11.86 come end January) then Harry Meyburgh, a Director at Etchells & Young Property Brokers, is correct in attributing the positive growth predicted in the Real Estate industry [and reflected in the stronger performance of the Rand] to the newly optimist political outlook shared by South Africans, particularly in Johannesburg – SA’s Business Hub.   All in all, estate agents appear to have modest, albeit hopeful, expectations concerning market performance improvement in 2018. Industry professionals, such as Aubrie Etchells - Principle at Etchells & Young Property Brokers - are convinced of the housing market’s resilience and its ability to “bounce-back”. Historically, the housing industry has continued to prosper in times of significant political and economic strain, so one can rightfully expect gradual improvement in overall performance this year.   For the sake of investment and economic growth in the country, “a slightly stronger housing market”, according to Loos, will be a welcome relief. </body> </html>","category":"News","createdAt":"2018-02-05T02:39:00Z","publishedAt":"2018-02-05T02:39:00Z","summary":"John Loos, FNB’s Household and Property Sector Strategist, expects “a slightly better residential market performance to emerge in 2018” owing to a number of contributing factors","title":"Stronger Housing Market in 2018","updatedAt":"2020-11-30T10:21:41.13Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_30_10_21_40_958.jpeg","tags":["property advice","property investment","advice for buyers","advice for sellers","buying property","selling property"],"url":"stronger-housing-market-in-2018-05-02-18","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"0bed31e7841a40c6919b33f4ef4f80ee","body":"<!DOCTYPE html> <html> <head> </head> <body> The beginning of a new year is the perfect time for new beginnings – a much-needed fresh start! Last year has been and gone, and now you’re staring ahead to 365 days of possibility and endless opportunity. New Year’s resolutions were created for exactly this; to inspire us to aim higher, dream bigger and accomplish more. To be the person we want to be.   For some a new beginning takes the form of a new job, for others an engagement. Still others look forward to a fresh start in a new home. The emphasis here is on the “fresh” and “new”. Attracting quality tenants is becoming increasingly more difficult in the current economic climate. If the quality of the applicant is consistently low, or if you are finding it difficult to place anyone at all, then it may be time you consider “sprucing up” your investment – to ensure it remains a lucrative one.   According to Shiela Olsen of Investopedia the housing market has begun to show an upward recovery. In September of last year she commented: “Housing prices are on the rise, and home equity has nearly recovered.” Now may very well be the right time to invest in your investment, with higher returns and resale values a greater possibility in the near future.   Attracting quality tenants to an out-dated and worn-out unit is near impossible. Tenants are looking for units that are tastefully finished and well looked-after. It does not necessarily have to be the most modern and technically-savvy unit in the complex or area, but it should be both aesthetically pleasing and functional. Before any improvements have begun, consider your tenant or potential buyer and tailor the renovations to suit them. This means that personal tastes and preferences should play little part in the renovations – a fail-safe is a versatile, modern, clean design that can be tailored to the tenant’s taste with the addition of their own furniture. Tried and tested trends remain true.   According to Richard Armstrong, an expert in home renovations and founder of The Makeover Group; “The key when renovating for profit is to keep the renovation accessible to the buyer”.   Armstrong went on to say that; “Lots of natural light, warm white walls and sociable open spaces always sell a home.” Three key home improvement tips to keep in mind.   The kitchen is often the first impression a tenant has of a home. It is also the place they will spend a large amount of their waking hours. In many households the meal preparation and cooking are social times where families reconnect after a long day and catch up on the day’s events. Kitchen renovations are a necessity, whether you’re looking to rent to a single professional or family of five.   Start by replacing out-dated kitchen cupboards with cupboards that are versatile (in style and colour) and durable, and creating additional storage and cupboard space. Old-fashioned faucets and taps are another example of a seemingly small change that makes a notable difference to the overall feel of the kitchen. Splashbacks are a relatively cost effective way to modernise a kitchen and to replace tired, tiled walls in a colour that both brightens and energises.   Bathrooms are another major renovation, especially if it has been a number of years since any renovations were completed. Gone are the days of moss green or maroon baths, basins and toilets, the same can be said for wall-to-wall carpets. Bathrooms have the tendency to become a musty, dark space, owing to the smaller-sized “privacy” windows characteristic of sectional title units. Repainting or retiling a bathroom in clean, bright whites or soft, soft pastels and replacing old light fixtures with high-power light fittings in modern designs is guaranteed to transform the bathroom. As with the kitchen, simply replacing outdated tap fittings or bath/shower heads with a modern alternative will make the world of difference.   Years of foot traffic can wear in carpets and scuff tiles. The grout may also wear away between tiles and may cause cracks and chips. Old, worn and stained carpets are just as noticeable and will instantly put-off a potential tenant. Rather than simply having a professional service in to clean, consider replacing them completely for a completely new look. Durable, high-quality tiles will last longer and will not require a professional and pricy carpet cleaning service. Laminate wooden flooring is significantly cheaper and more hard-wearing than real wood, and is both scratch- and moisture-resistant.   Security has become a major concern for South Africans, particularly in freestanding properties. Although this improvement is a costly exercise, the addition of alarm systems, electric fencing, beams and cameras adds significant value to any home, and may well reduce your insurance. Tenants will pay for the “peace-of-mind” high-tech security assures.   Ironically, satellite TV connections, internet accessibility and cellphone reception are nearly as important to tenants as security and the cost of rent, reports Property24 in an article in late last year. A recent survey by Apartments.com stated that tenants selected pre-installed satellite TV connections and high-speed internet access as two of the most desirable amenities in a potential apartment. Tenants find free and easily accessible Wi-Fi or fibre internet connections a major drawcard due to the high costs of data in South Africa and the necessity of staying connected via their smart phones, tablets, laptops and PCs. Including unlimited Wi-Fi in the monthly rental will appeal to young professionals or corporate executives alike.   Ensure that all planning and budgeting has been done before construction begins to eliminate any additional costs. Draft a frugal budget beforehand, taking all costs into account – from the cost of hiring contractors to the cost of materials. Consider the style of home, competitive properties in the area and the current market to determine whether the improvements will add value to your home. Home renovation projects should never price your property above resale value, so ensure that the renovations improve your home, resale value and return on investment – even if the real value is not seen immediately. </body> </html>","category":"Eco and Social","createdAt":"2018-01-23T06:59:00Z","publishedAt":"2018-01-23T06:59:00Z","summary":"The beginning of a new year is the perfect time for new beginnings – a much-needed fresh start! Last year has been and gone, and now you’re staring ahead to 365 days of possibility and endless opportunity","title":"Home Renovation Tips ","updatedAt":"2020-11-30T10:25:15.332Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_30_10_25_15_035.jpeg","tags":["home and garden","home interior ideas","home decor advice"],"url":"eco-and-social/home-renovation-tips-23-01-18","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"4efa826a8f3b4380b30c0bc53b1578d2","body":"<!DOCTYPE html> <html> <head> </head> <body> Airbnb is an online platform open to hosts (landlords) and guests/travellers (tenants), that enables the hosts to lease vacation and apartment rentals, hostels, homestays and hotel rooms on a short-term basis (on average in SA - 4.3 nights).  There are more the 640 000 Airbnb hosts active in 191 countries, and an estimated 150 million users. In South Africa alone Airbnb hosts welcomed over 400 000 guests in 2016, with a total of R817 million earned by hosts. <blockquote>Caxton Central writes that “Although these figures show a great potential in boosting tourism and contributing to the GDP, some kind of regulation is needed to make sure it does not affect living conditions of South African renters.”</blockquote> Although South Africa is still an emerging market, in August of last year Airbnb reported that the platform had generated an estimated R2.4 billion in total economic activity the previous year. In the report,  Across The Brics:  How Airbnb Connects The Emerging Economies, South Africa surpassed Brazil, Russia, India and China with the highest growth in guest arrivals. In the same report, the income earned by South African hosts from BRICS-based guests was also the highest of the five countries. Given the South African economy is it any wonder so many cash-strapped consumers are strongly considering the additional income-injection that Airbnb offers to its hosts.   Undoubtedly Airbnb is a lucrative service that generates attractive returns. But at what cost?   Murray Cox of Inside Airbnb stated that Airbnb [was] being used to compete with the residential housing market. The problem being that many landlords are opting to keep their properties for solely short-term purposes, which poses two main problems. Firstly, demand for quality rental property across the country already far exceeds supply. When choice rental property is removed from the long-term leasing market it makes it exceedingly more difficult for residents to find accommodation, forcing them to settle in areas further from their offices. Not only does this radically increase the money spent on travel and petrol, but the additional travel time reduces the time spent at home with family and loved ones. Secondly, Airbnb hosts are driving up the residential rental prices and making it near impossible for residents to remain in certain, central areas. This is especially evident in the low- to middle- income residents.   <blockquote>According to Andre de Villiers, a Cape Town real estate investor: “There is a level of desperation linked to those looking to secure permanent accommodation and as the pool of long-term rental properties shrinks, the more tenants will struggle to find a reasonably priced rental.”</blockquote> Another concerning factor is that Airbnb is largely unregulated in South Africa. “Regular” landlords enter into a lease agreement with the tenant after first screening and qualifying them. The tenant then signs a contractual agreement committing to abide by body corporate rules and look after the property as if it were their own. Breaking this agreement results in serious penalties, whether it be losing their deposit to repair damages or having their lease agreement terminated. The same cannot be said for Airbnb guests. Hosts do not have the security of a fully-screened tenant who has undergone a stringent qualifying process. Rather, the Airbnb platform is built on trust, and travellers are required to submit only a profile photo, cell number and email address. Although the review process attempts to keep hosts and guests accountable, there are pitfalls.   Paul French, commercial director for Coastal Property Management Services, stated that poor quality guests have posed serious problems in the sectional title market, particularly in complexes and estates, where parking, noise, visitors and security are of major importance to permanent residents and homeowners. Frequently changing tenants are both disruptive and a risk to the complex ethos. Sectional Title Schemes have had to employ specific rules to govern the influx of Airbnb guests and to protect the wellbeing of it’s residents.   The benefit of a long-term lease agreement is that the landlord knows how much rental will be coming in and for how long. The tenant agrees to pay the rental for the full period of the lease, and should he need to break the agreement for any reason (relocation, change of jobs etc.) he is required to give 30 – 60 days notice or risk penalties. The landlord also knows a month or more before the lease agreement comes to an end whether the tenants will be renewing their lease agreement – if not, the landlord has enough time to source and screen a new tenant to replace the old. Short-term rentals are more volatile – in one sense the landlord can earn substantially more than the going rate in the area letting out to international guests/travellers on a short-term basis, but in another there is no guarantee when the next guest will arrive.   On average Airbnb guests stay as long as two weeks, some for as short as a day or two. Practically speaking, not all landlords have the time and energy to ensure that the property remains let at all times of the year. Realistically there will be weeks or months where the property remains empty, and then the hope is that the additional rental income made during peak season is enough to continue paying the bond and other running costs during the quiet period. Simply put, there is a certain degree of security in a long-term lease agreement that does not exist with short-term rentals.   There are also tax implications to consider, cautions Jeremy Burman of Private Client Holdings. <blockquote>“The earning of rental income, in which category Airbnb income would fall, is regarded as a trade by the SA Revenue Service (SARS). The owner of the Airbnb property must declare all rental income received or accrued during the tax year. He will in turn be entitled to deduct any expenses incurred in the earning of this income with the result that only the net profit will be taxable.\"  Adequate provision needs to be made to cover any tax liability.</blockquote> <blockquote> </blockquote> Airbnb boasts that 97% of the listing price goes directly to the host, with only a 3% service fee to Airbnb. However, landlords should bear in mind that the administration fee/commission to estate agents covers more than just finding and placing the tenant. Astute landlords select reputable estate agents for their industry experience and in-depth market knowledge, and for a host of other reasons.   Etchells & Young Property Brokers offers landlords extensive advertising of their property on a number of prominent online property portals, as well as coordinating property viewings with potential tenants, stringent tenant vetting and screening, thorough TPN credit checks, deposit and first month rental collection, facilitating the signing of the lease and key handover, conducting both entry and exit inspections, and consistent communication with the clients. Over and above this, E&Y hosts a dedicated staff complement in-house and in the field who are uncompromising in their value systems and 100% committed to client service.   <blockquote> “In a tough economic environment where most South Africans have had to tighten their belts, the alternative income stream offered by Airbnb is an attractive proposition – additional income with minimal attendant expenditure,\" said Burman. \"However along with packing away family heirlooms and clearing cupboard space, owners must keep adequate records of this side-line business to ensure tax efficiency and the ability to meet all resultant tax obligations.”</blockquote> Airbnb is undoubtedly a lucrative business model and is benefitting both hosts and guests around the world. Before signing as a host, ensure that all avenues have been explored and critically assess the practical implications of managing an Airbnb property – time, energy, the cost of replacing an ongoing stream of consumables (soap, cleaning supplies etc.) and rising utility bills.   Good quality tenants are becoming increasingly difficult to find and secure. Avoid opting for a short-term high rental in place of a permanent, good quality tenant. </body> </html>","category":"Tips for Landlords","createdAt":"2018-01-19T07:36:00Z","publishedAt":"2018-01-19T07:36:00Z","summary":"Airbnb is an online platform open to hosts (landlords) and guests/travellers (tenants), that enables the hosts to lease vacation and apartment rentals, hostels, homestays and hotel rooms on a short-term basis (on average in SA - 4.3 nights)","title":"Are Airbnb & Short-Term Rentals the Best Option?","updatedAt":"2020-12-01T09:01:44.096Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_03_19_07_51_259.jpg","tags":["advice for landlords","property investment","property advice","buying property"],"url":"tips-for-landlords/are-airbnb-and-short-term-rentals-the-best-option-19-01-18","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"cd635e72e24f4fcdaf301dfebb0ccdc7","body":"<!DOCTYPE html> <html> <head> </head> <body> By - Harry Meyburgh, Director at Etchells & Young Property as an Investment A commonly quoted international statistic is that 90% of the world’s US Dollar Millionaires became rich by investing in Property.  Or certainly that property is or was at some point a significant part of their investment portfolio and strategy.  Do you know any really rich people who do not own significant property portfolios?  Many people who become really rich start off their wealth creation by investing in property, because it can be quite easy and seems the logical place to start.  There is also a certain prestige and respect associated with owning a property portfolio.    If you have a good credit record and an income to support your application, you could qualify for a home loan and can thus use the bank’s money to fund most of your investment.  Of course you will need to have the deposit to put down and have some funds in reserve to cover unexpected costs down the line.  Good luck applying to the bank for a loan to buy shares on the JSE or a few Bitcoins…   Property investment is not risk free and many criteria have to be considered before buying an investment property, but it is safe as houses to say that property can be an excellent long-term investment and is often the best way to start off on the road to becoming an investor.  This can then serve as a good platform as you widen your investment horizon.   What do the Stats say? FNB’s house price index does not paint a pretty picture when we look back on the growth over the last few years as we have had a negative real growth over the last 3 years.  This is directly due to the poor economic climate largely driven by the unstable political situation in South Africa during this time.  This is good news, because in almost all property market cycles going back in history, after a few years of poor performance, the market bounces back and this is followed by the 7 good years.    So, are things about to change and improve now?  Cyril Ramaphosa has been elected as president of the ANC in what seems to have been a smooth and well run elective conference.  Many economists are now a lot more optimistic about the economic future of South Africa and many prominent property experts also feel the property market, especially in Gauteng, will improve as from 2018.  There seems to be a quiet confidence – the Ramaphosa effect – about South Africa and we can have hope for our future again, so perhaps now is the time to be optimistic.   When to invest? When is the best time to start investing in property?  The sooner, the better!  Especially in the light of the optimistic outlook for 2018.  To make it even better we are still in a buyers’ market, so buyers with a real intent to purchase are in a strong position to negotiate with sellers who desperately want to sell and have had their properties on the market for months.  There is still an oversupply of property on the market in Gauteng and not enough real buyers scooping up the deals, but probably not for too much longer.    So, if you are ready to buy your first home, think about this.  Plan it as if you are buying the property to rent it out.  Take into account the rental demand in the area or complex, the type of property in demand by tenants and the associated costs such as rates & taxes and levies.  Most banks have favourable conditions for first time buyers, so use this to your advantage, buy your first home with the goal that you will live there for a year or two, but the plan will then be to move out, rent it out and buy another home to move into.    Then again in a year or two, be prepared to look for another new home and rent this one out, and repeat.  Yes, by doing this you have just entered the world of property investment and will hopefully be well on your way to creating significant wealth for yourself.   With the likely strengthening of the property market, prices will start to increase again.  This means that the longer you wait the more difficult it will be to be able to afford to buy a property later in the year or next.  This is good news for property investors as it will also cause the demand for rental properties to increase.  So win, win, win for property investors who took advantage of the current buyers’ market.  Your property assets increase in value and the demand for your rental properties also increase…..   What to buy? Even though we are more optimistic about South Africa and the Ramaphosa effect is still being felt, this is South Africa and Jo’burg – so the no.1 consideration must be safety and security.  If you are buying something with a future tenant in mind, think like a tenant.  And you and your family may well live there for a year or two if you are buying with the aim of becoming an investor.  Sectional title complexes usually offer better security and have the benefit of being less expensive than larger free standing homes - both to buy and maintain.  This also means you start off with a more manageable capital outlay.   There is also a strong move towards homes and complexes that are more water and energy efficient.  The crippling drought in the Western Cape is a dire reminder of this and skyrocketing costs of electricity is placing a huge focus on the benefits of alternate and cheaper sources of energy and / or reduced energy costs.   Tenants will also always be drawn to properties and complexes that offer a good selection of convenient facilities and amenities such a swimming pools, play areas and fitness facilities like gyms or jogging/cycling tracks.   Another consideration will always be to choose a complex or home that is well located in a popular suburb (the old saying location, location) and esp. when schools, transport routes, shopping centres and business hubs are closed by and within easy reach.   Did you know? The most expensive house ever sold (and on record) in South Africa was a R290 Million three-storey house with seven bedrooms in Bantry Bay, Cape Town – sold  in June 2016. Wow!! Any questions, queries or suggestions – please feel free to email me: <a href=\"mailto:harry@etchellsandyoung.co.za\">harry@etchellsandyoung.co.za</a> </body> </html>","category":"News","createdAt":"2018-01-17T05:16:00Z","publishedAt":"2018-01-17T05:16:00Z","summary":"By - Harry Meyburgh, Director at Etchells Young. Property as an Investment. A commonly quoted international statistic is that 90% of the world’s US Dollar Millionaires became rich by investing in Property","title":"Is Now a good time to Buy Property in South Africa?","updatedAt":"2020-11-30T10:39:44.093Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_30_10_31_35_221.jpeg","tags":["advice for buyers","property investment","property advice","buying property"],"url":"is-now-a-good-time-to-buy-property-in-south-africa-17-01-18","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"2c2dea8d7ec641efa00e6e7c2e7bcccc","body":"<!DOCTYPE html> <html> <head> </head> <body> <blockquote> “A holiday home is a lifestyle buy. Something you buy to enjoy,” says John Loos.   </blockquote> In the 3rd Quarter of 2017 FNB’s Household and Property Sector Strategist, John Loos, reported in the Estate Agent Survey that the estimated Holiday Home Buying percentage had not shown a notable decline from the 1st Quarter percentages. In comparison, the Buy-to-Let buying category – the largest category in secondary home buying – dipped from 9.77% of total home buying in the 1st Quarter to 8.23% in the 3rd Quarter.   Overall the Secondary Home Demand percentage declined from a high of 14.47% in the 1st Quarter of 2017 - “the highest estimated percentage since the end of 2009” according to Loos - to 12.48% by the 3rd Quarter.   What does this tell us about the Holiday Home Buying market? Despite the total Secondary Home Demand percentage falling there is still a significant percentage of secondary home buyers able and willing to purchase a holiday home. Following a December away it’s a guarantee that these aspirant holiday home-owners are strongly considering buying a home away from home.   In the past only corporate professionals in the upper income bracket could afford second homes in South Africa’s prime holiday destinations. Over the last few years as supply increased and the number of reasonably priced developments in sought-after holiday destinations doubled, holiday homes became more affordable, and the market welcomed a wider buyer pool. The demand for competitively-priced holiday homes has skyrocketed as South Africans (even those in the low to middle income bracket) seek a quiet place to escape city life. There is currently a wide variety of leisure and lifestyle property in every form, shape and colour available in all parts of the country.   The Western Cape, and in particular the spectacular Atlantic Seaboard (Cape Town’s “Riviera”) and the Cape Winelands, is a local and international favourite, winning Best City and Tourist Destination countless times over. The Garden Route – stretching from Heidelberg in the Western Cape to Tsitsikamma Forest and Storms River in the East, and passing through major tourist destinations like Witsand, Knysna, Plett and Nature’s Valley – is a spectacular and highly sought-after tourist route. Likewise, KwaZulu-Natal’s popularity as a holiday destination is predominantly the culmination of a subtropical climate, the warm Indian Ocean, long stretches of beach and majestic mountain passes.   South Africa is renowned for its rich and diverse landscapes, but regardless of where, it’s essential that holiday home-buyers consider their transaction carefully.   One of the most important things to keep in mind when considering a second home is the reason for doing so. Whether it’s a holiday getaway for the family, a temporary escape from the city, a future retirement home or a buy-to-let investment, holiday home buyers need to be sure that they know the area and surrounds well enough to ensure their need is met.   Aside from the primary reason for buying, location, proximity to amenities, lifestyle and life stage are important factors to consider when buying a holiday home.   Location is and always will be a major factor to consider, especially in a buy-to-let purchase, where investors hope to make a return on their investment. This said - property is a long-term investment, and leisure property even more so. According to Adrian Goslett, CEO of RE/MAX of Southern Africa, “Those looking to invest in a leisure property should remember that historically these kinds of property offered very attractive returns.”  Holiday homes primarily serve a leisure/investment purpose, and in renting it out owners are able to recover some of the costs of purchasing and owning the home.   The benefit of owning a buy-to-let leisure home is that investors are able to fetch attractive returns over peak season - provided they have bought in one of the country’s holiday hotspots. Coastal towns are among the highest returns in the holiday rental market. Understanding the local market, property price growth in the area and current rental rates is essential to making a decent return on investment.   Apart from the acquisition costs (deposit, transfer fees, conveyancing fees etc.) and monthly running expenses (insurance, rates, taxes and utility tariffs) owners find that tending to the ongoing security, maintenance and repairs of a holiday home in a different town or city is made easier with the help of a local managing agent – a monthly cost many aspirant holiday home buyers overlook. Additionally, should the owner wish to rent his property out in the “low-season”, managing agents are better equipped to screen and place tenants, and carry out regular inspections to ensure the property is well looked after. The monthly cost when weighed against the managing agent’s knowledge of the area, their personal connection to trustworthy local contractors and their close proximity to the property should there be any reason to have them visit is difficult to dispute.   Location is equally important if buying for retirement purposes. It’s essential that the holiday home buyer take into account any future development and infrastructure plans for the area, especially if peace and quiet is the predominant reason for choosing that area. Close proximity to quality medical care as well as recreational centres is essential for those looking to retire in quieter areas of the country or coast. Similarly, a family holiday home should cater to the likes and interests of the family members, bearing in mind that as children grow their likes may change, and their visits may become less frequent as they enter adulthood. There should be a certain degree of agelessness to the surrounding amenities and attractions.   Property experts maintain that careful consideration with regard to every aspect of the holiday home purchase will lay a firm foundation for future enjoyment and profit.   <blockquote> “By informing yourself carefully about every aspect of your purchase, you can set yourself up for a very happy future in your home away from home,” says Andrea Atkinson, ooba’s Eastern Cape Sales Manager. </blockquote> </body> </html>","category":"News","createdAt":"2018-01-16T03:33:00Z","publishedAt":"2018-01-16T03:33:00Z","summary":"“A holiday home is a lifestyle buy. Something you buy to enjoy,” says John Loos","title":"Holiday Home Buying in South Africa","updatedAt":"2020-11-30T10:36:59.688Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_30_10_36_59_235.jpeg","tags":["advice for buyers","property advice","property investment","buying property"],"url":"holiday-home-buying-in-south-africa-16-01-18","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"a4bf7f521932456a81c9337777e105b9","body":"<!DOCTYPE html> <html> <head> </head> <body> Why is Credit Management Important? In South Africa, more than 14,7 million consumers make use of credit cards, personal loans, vehicle loans and/or home loans, according to the Experian Consumer Default Index for November 2017. The report disclosed that South African consumers are R1,53 trillion in debt – an incomprehensible amount – and that in the months June to August R13,13 billion in value belonged to first-time defaulters. Credit card facilities alone totalled almost R2 billion in new outstanding debt.   This is reason enough that 2018 be a year of responsible spending and saving. The most important New Year’s Resolution should be to exercise financial discipline when it comes to credit facilities.   According to the Consumer Credit Market Report issued by the National Credit Regulator there was a significant increase in the total credit granted in the first half of 2017, from R116, 46 billion to R120, 08 billion – an increase of almost 11% from the previous year. That said 50.76% of all credit applications were rejected, owing to an increasingly strict lending environment.   74.19% of the total credit granted was paid to the Banks, of which R36, 83 billion went to home loans, R39,16 to secured credit (car finance, furniture accounts etc), and R15, 32 billion to credit facilities (credit cards, store cards and overdrafts). Most sobering of this information is the total consumer credit debt, which stands at R1, 72 trillion. Home loans, secure credit and credit facilities accounted for more than R1,4 trillion of the total outstanding gross debtors book. This amount continues to climb.   An astounding 66.48% of the total number of accounts in the gross debtors book belonged to credit facilities, of which credit cards were the highest contributor. Unquestionably, mismanaged credit accounts have landed a frightening number of South Africans in debt.   Kate Ferreira of BusinessDay, (supported by economists and industry strategists) says, “the amount of consumer debt a country can support depends on the health of the underlying economy.” This doesn’t bode well for South Africa as our economy staggers under rising household costs, growing debt, interest rate hikes, unemployment, unequal distribution of wealth and overstretched regulators.   In order to maximise your credit card’s effectiveness and to avoid bankruptcy it’s important that you understand the credit repayment structure and the fees incurred over the repayment period.   How does a Credit Card work? A credit card transaction is a complex process that requires both authorisation and settlement to happen simultaneously in order for the purchase to be successful. The processes take place between the Card-Issuing Bank, the Acquiring Bank and the Card Networks.   Card Networks (Visa and MasterCard) facilitate the processing/authorisation of credit card purchases, monitor the fee structure and ensure that the members of their associations adhere to the rules and guidelines governing credit purchases. However, Card Networks do not issue the cards themselves.   The credit card holder uses their credit card to pay the merchant for the goods or services purchased/provided. The cardholder’s bank (Issuing Bank) receives the merchant’s transactions from the merchant’s bank (Acquiring Bank) and makes payment. As per the credit agreement, the cardholder is obligated to then pay the card-issuing bank the loan amount in full plus interest.   How is Interest Calculated? The interest rate is the cost of the debt. In other words, the price the consumer pays for borrowing money from their bank. The repayment is calculated based on the outstanding debt amount owed and the current interest rate. If the prime lending rate increases, the Banks will charge a higher interest amount on the outstanding debt.   The interest rate charged on credit cards is significantly higher than other credit facilities and is typically stated as a year rate (Annual Percentage Rate). Transaction fees on Credit Cards are often slightly less than Cheque or Savings accounts, however, annual card fees apply.   Credit accounts are essentially revolving accounts, meaning that should the balance not be paid in full by the end of the monthly billing period, the remaining balance with be carried into the next month and interest charged on and added to the amount. The longer this amount is not paid, the more difficult it becomes to settle the balance as it continues to grow in value every month. The gap becomes unbreachable. The danger of a high credit facility is that the bank will continue to charge you the minimum amount every month, accruing interest, until the amount is paid – which could take several years.   How to be a Credit-Conscious Consumer Credit-conscious consumers commit to paying the full purchase amount within the “grace period” before interest is charged (between 30 and 60 days). Wherever possible avoid spending what you know you are not able to afford or pay back within the interest-free period. If paying the full amount is impossible in your current circumstances, set a fixed amount of your monthly salary to pay towards your credit card. Prompt repayment of the loan amount during the interest-free period also reflects positively on an individual’s credit report.   The drawback is that the more diligent you are in repaying your purchases, the higher the credit limit your Bank will offer you. Carefully consider whether increasing your limit is the right decision for you - you may decide that a lower limit is a wiser financial decision, especially if the current limit suits your spending habits. If you are considering applying for a new credit card, compare the offers made by your preferred Banks and choose the option with the best tariffs, benefits and rewards.   At all costs, avoid paying your credit card with other forms of debt, as this quickly becomes an inescapable cycle that accumulates rapidly. If you have no other option, pay the minimum amount owed monthly until you are in a position to settle the credit amount or pay a lump sum.   There are a number of mobile apps that offer budgeting facilities and enable you to closely monitor your credit purchases from the palm of your hand. Alternatively, all transactions are recorded on your bank statements, which make for easy online viewing. The ideal when using a credit card is to retain a balance between purchases and repayments.   Responsible credit card management, diligent repayment behaviour and prudent spending contribute to a healthier credit history and may lead to a lower rate of interest offered by Banks on future loan applications. This is particularly helpful when applying for large loans such as mortgages or vehicle finance. On the other hand, failure to meet credit repayments in time every month results in fee penalties and higher interest rates.   It’s crucial that South African consumers take responsibility for their spending and commit to financial discipline in 2018! Credit cards are an unattested financial aid and the leading financial product offered by banks, provided they are managed responsibly. </body> </html>","category":"Eco and Social","createdAt":"2018-01-05T12:16:00Z","publishedAt":"2018-01-05T12:16:00Z","summary":"Why is Credit Management Important?In South Africa, more than 14,7 million consumers make use of credit cards, personal loans, vehicle loans and/or home loans, according to the Experian Consumer Default Index for November 2017","title":"Manage your Credit Card","updatedAt":"2020-11-30T10:42:53.655Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_30_10_42_53_124.jpeg","tags":["advice for buyers","advice for tenants"],"url":"eco-and-social/manage-your-credit-card-05-01-18","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"46acf8de9202475c8eb3138a7d302acf","body":"<!DOCTYPE html> <html> <head> </head> <body> There’s nothing new about the neutral colour palette, and it appears to be the natural choice in 2018. The worldwide movement towards eco-friendly living will continue to direct decor trends in the new year, with soft greys and earthy beiges at the forefront, complimented by raw materials and plenty of indoor foliage.   As in 2017, metallic accessories are brought to life by the addition of natural elements such as wood and stone - the combination of artificial and organic brings a sense of warmth, modernity and balance to the home. Concrete is an increasingly popular decor choice – from accents and accessories to flooring and fittings.  The warmth of wood or leather compliment and soften the industrial/urban style, creating a homelier atmosphere. There is also a rising demand for blended materials – accessories and furniture that incorporate both wood and metal, or wood and marble for example. The pairings are aesthetically pleasing and interesting!   <img src=\"https://s3.entegral.net/news/Thumbnail_2020_11_03_16_07_49_904.jpg\" alt=\"\" width=\"300\" height=\"199\" />   The addition of metallic embellishments - especially in the kitchen - are reminiscent of a simpler, less complicated time. Copper, tin and brushed gold evoke an old-world charm that is understated and elegant.   The theme of sustainable living and energy-efficiency is further emphasised through the strategic use of natural lighting and mirrors to brighten a living area. A growing concern for the environment the world over has sparked a movement toward clean- and green-living. This simple lifestyle seeks to distance itself from all things artificial – this includes lighting, as well as heating and cooling systems.   <img src=\"https://s3.entegral.net/news/Content_img_2020_11_03_16_07_52_424.jpg\" alt=\"\" width=\"300\" height=\"192\" />   There is another reason for this trend, and it’s predominantly seen in large homes with a minimal selection of furniture. It does appear that the minimalistic approach will take on a less structured look in 2018.The saying “less is more” applies here in that there are less furniture items filling a space, creating room and enabling the purchaser to spend more on each piece. The natural light and large open spaces highlight the value of each piece, presenting each one as a work of art. Additionally, dual-purpose furniture is becoming increasingly popular (as homes become smaller and furniture becomes more expensive). Nesting side tables are just one example of this space-saving style.   <img src=\"https://s3.entegral.net/news/Content_img_2020_11_03_16_07_53_133.jpg\" alt=\"\" width=\"300\" height=\"200\" />   There is a continued appreciation for those fabrics and furnishings that appear hand-crafted or –designed. These furnishings evoke strong feelings of nostalgia and sentimentality. The more that can be reused or repurposed in an earth-friendly home, the better! In keeping with the organic tone, indoor plants and botanical wall art will continue throughout 2018. Plants are a simple way to bring the natural world indoors and serve as reminders - especially in an increasingly artificial and technological world - to appreciate the wonder of life and growth.   <img src=\"https://s3.entegral.net/news/Content_img_2020_11_03_16_07_53_842.jpg\" alt=\"\" width=\"300\" height=\"200\" />   Black accents are making more of an appearance this next year, especially in contrast with a softer, lighter colour scheme. Rather than overwhelming, the colour states its solidity in nondescript accessories or small furniture pieces.   <img src=\"https://s3.entegral.net/news/Content_img_2020_11_03_16_07_54_533.jpg\" alt=\"\" width=\"300\" height=\"195\" />   That said, colour specialists at Dulux Global Aesthetic Centre have launched their colour of the year for 2018, and Pictured Rocks is a perfect complement to the leading trends mentioned above. Pictured Rocks was selected for its versatility and compatibility with other popular colour schemes, and forms a warm, neutral backdrop to display well-selected furnishings in their best light.   The soft, lush pink is the embodiment of peace and calm.  Picture Rocks is grounded by shades of earthy clay or terracotta, or creates a sense of tranquillity when paired with darker blues and marble grays. In the same breath, the soft pink is energised by vibrant greens and yellows. From arm chairs and scatter cushions in the living room to vases and other accessories in the dining areas, colour in any form brings life and energy.   <img src=\"https://s3.entegral.net/news/Content_img_2020_11_03_16_07_55_235.jpg\" alt=\"\" width=\"300\" height=\"200\" />   There is less focus on sticking to a particular colour palette, and more focus on allowing the different hues to blend seamlessly and organically.   Colour Experts recommend pairing Pictured Rocks with rich textures such as leather and wood, and subtle metallic accents. Plush, shaggy rugs, scatter cushions and throws enhance the comfort and warmth of this unique colour – a clear indication as to why it was chosen as the colour of the year. </body> </html>","category":"Eco and Social","createdAt":"2017-12-01T05:42:00Z","publishedAt":"2017-12-01T05:42:00Z","summary":"There’s nothing new about the neutral colour palette, and it appears to be the natural choice in 2018","title":"Interior Decor Trends","updatedAt":"2020-11-30T10:45:16.784Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_03_19_07_45_278.jpg","tags":["home and garden","home interior ideas","home decor advice"],"url":"eco-and-social/interior-decor-trends-01-12-17","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"455a4bc081ed493e908e7fc2cf932b8e","body":"<!DOCTYPE html> <html> <head> </head> <body> Lesetja Kganyago, governer of the SA Reserve Bank, announced at the Monetary Policy Committee (MPC) meeting that interest rates would remain unchanged, with the repo rate at 6.75%. Following that, FNB confirmed that the prime lending rate would continue at 10.25% and their decision readdressed at the MPC in January 2018. The SARB also predict that the inflation rate will remain within the target range.   The repurchase rate, otherwise known as the repo rate, is the official interest rate that the South African Reserve Bank (SARB) charges commercial banks in the private sector to loan money to them. The banks then charge a higher interest rate, known as the prime lending rate, to clients looking to borrow money from them.   From a market-stability standpoint, a pause in the hiking cycle is a welcome relief for homeowners and consumers, especially with the Christmas season around the corner. According to industry professionals, a steady repo rate builds and retains confidence in the economy and by extension, the residential housing market.   However tempting it may be to monopolise a low interest rate cycle by adding high-risk investments and high-loan agreements, homeowners should take a conservative approach to spending and instead focus their energy on saving. Long-term financial security is based on responsible and conscientious budgeting, spending and saving - especially in times of “relief” when the pressure is eased ever so slightly and overindulgence is an attractive option.   Homeowners, especially those under financial strain, should not take on any more credit commitments. Rather, homeowners should work towards alleviating any existing financial pressure by taking advantage of interest rate stability and settling their debt or building a cash reserve.   For aspirant homebuyers and homeowners, making the most of interest rate stability is today’s market means a commitment to clearing debt, responsible spending and a greater focus on saving. This guarantees that future property purchases and loan repayments are well within the homebuyer/owner’s affordability bracket.   A number of factors are forecast to adversely affect the South African (and global) economy in 2018. Although some economists predict an interest rate cut in the near future, other strategists expect further financial constraint with rising electricity tariffs and a weakening rand. Essentially all agree that consumers should continue to spend mindfully and cautiously over the coming months.   The festive season is around the corner - and with rising costs, reduced affordability and poor consumer confidence in mind - the most important gift you can give yourself this Christmas season is the peace of mind financial security provides. </body> </html>","category":"News","createdAt":"2017-11-24T07:49:00Z","publishedAt":"2017-11-24T07:49:00Z","summary":"Lesetja Kganyago, governer of the SA Reserve Bank, announced at the Monetary Policy Committee (MPC) meeting that interest rates would remain unchanged, with the repo rate at 6.75%","title":"Repo Rate to Remain Unchanged","updatedAt":"2020-11-30T10:47:42.372Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_30_10_47_42_138.jpeg","tags":["advice for buyers","advice for sellers","selling property","buying property","property advice","property investment"],"url":"repo-rate-to-remain-unchanged-24-11-17","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"2774f43495c64e968631e6e9238b5b4f","body":"<!DOCTYPE html> <html> <head> </head> <body> Deciding to buy a property is one of the most exciting and daunting decisions you will likely make in your lifetime, especially if you are a first time buyer and new to the market. Home buying demands a high degree of financial responsibility and commitment. The financial institutions responsible for approving home loans are fully aware of the financial burden a home loan can place on a household, and take a number of factors into consideration when considering a bond application.   Banks will largely base their decision to approve or decline a bond application on how creditworthy they deem you to be. But what exactly does creditworthiness entail? Your creditworthiness is determined by your repayment history and credit score, as well other factors such as current financial circumstances, expendable income, other credit commitments and previous or existing debt.   The lenders also take age, residence, marital status and employment into account. Together, these factors form part of a credit risk evaluation which the credit provider uses to determine whether or not you, as the applicant, are a high or low risk when it comes to defaulting on your monthly instalments. With this in mind it's evident that a healthy credit record is an invaluable asset when approaching a bank for finance. An unappealing credit history and repayment behaviour poorly affects the scoring of the application, and may result in a higher interest rate or a lower loan amount offered. In many cases - as much as 50% of applications submitted on a monthly basis - the applications are declined.   However, if corrective action is clearly evident in an applicant's financial history, or there is proof that a default/judgement that has been settled in full (or an agreement made with the creditor to continue with repayment over an extended period) banks may not immediately classify you as \"un-creditworthy\". In fact, if the lender can see a continued improvement in your repayment behaviour, responsible and frugal spending habits and a commitment to repay any debt in full, your bond application may still be approved provided they believe you have the necessary reserve to afford the monthly instalments. A sizable deposit that meets the bank's deposit requirementswill notably strengthen your bond application, as will a commitment to saving a portion of your salary monthly.   It is essential that you meet the affordability assessment implemented by the National Credit Act (NCA) to qualify for a home loan.   Are you Credit-Worthy? It's vital that you establish a good credit record and ensure that it reflects a positive repayment performance before applying for a bond! This requires realistic budgeting, disciplined debt repayment and prioritised credit commitments. Handling your finances conscientiously will assure the lender that you are in the financial position to pay your bond in full and on time every month. TPN is just one of the registered credit bureaux that offer a comprehensive, free credit report to consumers who would like to know their credit-standing.   This service is an indispensable tool in correcting a poor credit record and establish a healthy credit profile going forward. Your focus should be to build a positive credit profile that reassures banks of your responsibility, credibility and affordability!   In conclusion, there are a number of ways that you can ensure that you are \"Credit-Ready\" before applying for a bond and taking the first steps towards owning your dream home. Address any issues in your credit profile early on to avoid any delays in the buying process, or unwelcome penalties such as high interest rates and low loan amounts. Settle your debt, prioritise your credit repayments, save monthly (towards the deposit or for a \"rainy-day\"), spend wisely and practice responsible budgeting. These guidelines will place you in a lender's good books and will set you on the course of bond approval and your new home. </body> </html>","category":"Eco and Social","createdAt":"2017-11-23T07:37:00Z","publishedAt":"2017-11-23T07:37:00Z","summary":"Deciding to buy a property is one of the most exciting and daunting decisions you will likely make in your lifetime, especially if you are a first time buyer and new to the market","title":"Are you Credit-Worthy?","updatedAt":"2020-11-30T10:51:49.871Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_30_10_51_49_637.jpeg","tags":["advice for buyers","advice for tenants"],"url":"eco-and-social/are-you-credit-worthy-23-11-17","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"c822df8036ed44589b42c90fc010b045","body":"<!DOCTYPE html> <html> <head> </head> <body> Are you an aspirant homeowner? Do you long for the security and stability of owning your own home? Do not let an overly-cautious approach keep you from your dream home; instead, follow in the footsteps of astute investors, who are investing with intention and benefiting from the current economic climate.   Owning your own home, particularly for the first time, is an incredible feeling – a mixture of excitement, accomplishment and pride. Unfortunately, economic instability has dampened consumer confidence – and because of this, fewer first time Buyers are experiencing the First-Home Feeling.   You may well be in the financial position to buy your own property, but the sustained turbulence in the economy, and by extension the property market, has possibly kept you renting as a precautionary method. John Loos, the Household and Property Sector Strategist at FNB, reported that the “younger, less financially strong households often stay put or postpone their entry into the homeowner market” for one or other reason – primarily poor consumer confidence. Although entirely understandable, this is as good a time as any to exercise less caution by taking advantage of the current market and overcautious approach of other aspirant homebuyers.   Here are 5 reasons why now is the perfect time to buy! The Market currently favours Buyers: The most important reason for Buying rather than Renting is that there has been a notable shift in the market in favour of Buyers. Undeniably, Financial Institutions have imposed stricter lending criteria due to rising financial constraints and debt, which essentially means that less people are qualifying for bonds – in fact, on average only 50% of bond applications are approved per month. The number of eligible Buyers in the market has decreased considerably, and those Buyers in the financial position to purchase property are now in a better position to negotiate the asking price with Sellers. Sellers who downscale due to financial pressure or for life-stage reasons, and who would like to sell in as short a space of time as possible, will likely adjust their selling price for a Buyer in financial good-standing.   Build your own Equity: Despite the economic climate, owning a home is both an investment and a form of saving, in that over time you build up equity in a valuable asset. As the instalments are paid monthly, the loan amount reduces and the value of the asset appreciates. This makes more sense than renting from a landlord and essentially paying off their home loan and building their equity. In terms of establishing your financial future, buying property has long-term benefits in the growth of personal wealth and equity, thus providing a certain degree of security and protection in emergency situations.   In addition to this, disciplined repayment behaviour (with regards to home loan instalments) builds a positive credit record and increases financial stability - essential when applying for future credit.   Long-term Investment Possibilities: The property market is a sound investment option which almost guarantees personal wealth growth - provided you have bought a property at a market-competitive price, in an established (or up-and-coming) area situated closed to major travel routes, popular facilities etc. The important thing is to allow the appropriate amount of time to pass before reselling, so that the value of the property has time to grow, and your initial loan amount time to decrease. Also, keeping up-to-date with maintenance and repairs, and making the necessary improvements will increase the value of your property in the long run, even though the initial cost may be high.   Customise your Property to suit your Lifestyle: Your property is your prerogative! Should you wish to make any improvements, alterations or customisations to the property you will not first have to get permission from the property owner or landlord. It is easier to customise your home to suit any changes to your lifestyle or life stage (for example, the birth of a child). The interior and in most cases, the exterior too, are entirely your own and can be decorated and styled to your preference. What’s more, improvements (particularly to bathrooms, the kitchen, the garden and the security system) will likely increase the value of your home, which in turn increases the value of your personal wealth. External upgrades and restructuring may still be subject to Body Corporate or Council approval.   You are not Confined to a ‘Lease Period’: Homeowners enjoy the peace of permanence and stability. You are not confined to the lease period specified in the lease agreement, and not subject to any unforeseen changes in the landlord’s personal circumstances (for example, he decides to sell before your lease period is up). The immense stress associated with having to find a new home when the lease period has come to an end if an extension is not granted, and the high costs of moving on an annual basis, are entirely null and void.    Although there are significant moving costs associated with home-buying, they need not be repeated on a yearly basis. Long-term rentals are largely dependent on the relationship the tenant and landlord share, and the landlord's life circumstances. Should he choose to sell, rent the home to another tenant or increase the rent - the tenant has very little choice but to comply. Unpleasant landlords and soured landlord-tenant relationships can negatively affect the renting experience and living circumstances of the tenant.    Additionally, there are no annual rental increases to budget for when you own your own property.   If you are in the financial position to buy property – in other words, you have built up financial reserves and are able to put down a sizable deposit (thus decreasing the loan-to-value ratio on the property) – then take the next step towards financial security and growth!   Buying property, especially as a first time Buyer, makes economical sense in a Buyer’s Market, and has long-term security, stability and financial growth benefits.   </body> </html>","category":"Tips for Buyers","createdAt":"2017-11-20T05:31:00Z","publishedAt":"2017-11-20T05:31:00Z","summary":"Are you an aspirant homeowner? Do you long for the security and stability of owning your own home? Do not let an overly-cautious approach keep you from your dream home; instead, follow in the footsteps of astute investors","title":"5 Reasons to Own your Own Property","updatedAt":"2020-11-30T10:56:22.307Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_30_10_56_21_838.jpeg","tags":["advice for buyers","buying property","property investment","property advice"],"url":"tips-for-buyers/5-reasons-to-own-your-own-property-20-11-17","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"b3156bdc07c04ca19e6226350f8b86a3","body":"<!DOCTYPE html> <html> <head> </head> <body> Property Investors and aspirant Homeowners - particularly those new to the property industry - may be at a loss at how to respond in the wake of the maiden mini-budget presented by Finance Minister, Malusi Gigaba, to Parliament in October.   To summarise, Gigaba revised the economic growth projection of 1.3% earlier in the year to a disturbing 0.7% for 2017. He forecast a slow climb to 1.1% in 2018 and 1.5% in 2019. Equally concerning was the increase in Gross National Debt to 61% of GDP by 2022.   It is important to note that these projections are dependent on a number of complex variants which are likely to change at any time. This said, it is unquestionable that Gigaba’s projections have had a sobering effect on Buyer/Seller confidence within the property market.   The question is: how will the economic growth projection for the following years affect the already cautionary approach Buyers and Sellers have adopted towards new property acquisitions?   The crux of the matter is this: The market has shown a gradual shift in favour of Buyers, which means that Sellers will need to keep their price expectations realistic and market-competitive.   Essentially a Buyer’s Market means that supply exceeds demand. In terms of property, the market is saturated with stock but there is a significant shortage of qualified Buyers. A rise in living costs and debt, an increase in retrenchment and unemployment, and stagnant economic growth (amongst other debilitating socio-economic factors) has removed many aspirant Home-Buyers from a financial position whereby they are able to comfortably acquire property. This is confirmed in the overall percentage of bond approvals currently averaging 50% of the total number of bond applications, according to ooba - in essence, the number of active, qualified Buyers has halved.   This puts serious Buyers at an advantage because there are significantly more properties to choose between and a greater number of Sellers vying for a sale, which enables them to negotiate a lower selling price.   With this in mind, Sellers must avoid pricing a property well-above it’s <a href=\"http://www.etchellsandyoung.co.za/blog/property-price-vs-market-value/\">Market Value</a>, as this results in a drawn-out selling process with considerable financial loss. In the same breath, <a href=\"http://www.etchellsandyoung.co.za/blog/avoid-panic-selling/\">Panic Selling</a> is just as financially crippling and should also be avoided. The solution is simple: Sellers who are hoping to get the best sales price in the shortest amount of time should work alongside a respected and trusted Estate Agent who is able to advise them on setting a competitive, market-related selling price.   Why Sellers & Buyers Choose E&Y: Our Sales Specialists are highly qualified individuals who possess a wealth of knowledge and experience in the property industry, as well as access to an extensive Buyer Database and connections to property developers and other industry professionals. Etchells & Young has a strong physical presence in and around the city, and a prominent position on online property platforms.   Our Sales Agents are responsive to the changes in the market and are well-informed on how these changes affect the buying-selling process.   Buyers and Sellers alike should expect the same personal, quality service synonymous with the E&Y brand within the property industry. Our Sales Team view Clients above Commission, and are dedicated to putting their client’s needs first  -  this unyielding commitment to client service has set E&Y apart since it’s inception. Etchells & Young equip their Sales Agents to give practical input and client-centred advice, in keeping with a strict code of ethics set out by the EEAB, and working closely with Conveyancing Attorneys and other industry professionals. This ensures that Buyers and Sellers receive a service they can trust!   Etchells & Young believe that a trusted Sales Agent is a valuable asset in an unsettling economic climate, and that both Sellers and Buyers would benefit from working with a reputable Sales Agency.   Despite Gigaba’s revision to the economic growth projection for 2017 and the increase in Gross National Debt, Industry Specialists are confident in the market’s buoyancy - which has proved resilient despite economic instability. Our Sales Agents are equipped to assist Buyers/Sellers in navigating the market and making financially sound decisions amidst this instability, ensuring that property continues to be a favourable investment option! </body> </html>","category":"News","createdAt":"2017-11-10T03:49:00Z","publishedAt":"2017-11-10T03:49:00Z","summary":"Property Investors and aspirant Homeowners - particularly those new to the property industry - may be at a loss at how to respond in the wake of the maiden mini-budget presented by Finance Minister, Malusi Gigaba, to Parliament in October","title":"How Buyers/Sellers should Respond to the Mini-Budget","updatedAt":"2020-11-30T11:12:20.052Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_30_11_12_19_880.jpeg","tags":["advice for sellers","property advice","buying property","selling property","property investment","advice for buyers"],"url":"how-buyers-sellers-should-respond-to-the-mini-budget-10-11-17","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"9e13e36dc724497aa3701828b18fa120","body":"<!DOCTYPE html> <html> <head> </head> <body> By - Harry Meyburgh, Director at Etchells & Young   Last month we discussed 5 Keys in Protecting Your Rental Property Investment. In a market that is coming under a bit of pressure.  According to TPN (<a href=\"http://www.tpn.co.za\" target=\"_blank\" rel=\"noopener noreferrer\">www.tpn.co.za</a>), Tenants in Good Standing in Gauteng have decreased from 86% in 2014 to 82% in Q2 2017. This data supports our view that tenants are finding it a bit more difficult to pay the rent on time and in full every month.   In this article we take a closer look and go into a bit more detail about how a Landlord can better protect his property investment by discussing factors that you can control. Repairs and Maintenance – a large part of protecting your property investment is to keep the property in a good state of repair and to deal with maintenance items quickly and property.  After all, if a property slowly deteriorates and starts looking grubby and untidy, it will attract tenants who don’t care what the property looks like and it will get worse.    As astute property investors know, they must budget for and spend some money on maintenance and upgrades from time to time so that the property remains attractive and desirable to good tenants.  Whilst tenants are responsible for the maintenance and repairs of certain items in the property (should be specified in the lease) these generally are direct damage caused by the tenant (accidently or other), damage due to neglect or misuse, regular maintenance of an item to keep it functioning normally and all cleaning. The Rental Housing Act also specifies that a landlord must do the following with regards to repairs and maintenance:   <ul> <li>Let a property that is reasonably fit for human habitation</li> <li>Keep and maintain the property that way</li> <li>Take reasonable steps to ensure that the tenant enjoys undisturbed use of the property</li> <li>Maintain the outside of the property, walls and roof in good order and repair</li> <li>Maintain electrical, plumbing, sanitary, heating, ventilation, air conditioning systems (as applicable) in good order and repair</li> <li>Repair any damaged caused by fair wear and tear</li> <li>Provide all services as per the lease agreement</li> <li>Effect repairs (for which the landlord is responsible) within 14 days after receipt of a notice from the tenant to do such repairs</li> </ul> This may seem onerous and one-sided, but most of the above items are covered by your insurance when things go wrong – so be sure to keep adequate insurance cover in place!  As for fair wear and tear, these are items that become damaged or defective as a result of their normal use over time and then need to be repaired or replaced.    These are costs that the landlord must be prepared to cover and are part and parcel of being a property investor. Being fair and reasonable when responding to maintenance request by the tenant will always go a long way to ensuring that a good relationship is maintained and that is a very important consideration in ensuring a good return on your investment.    A happy tenant is much more likely to stay on in your property and keep paying the rent! Don’t take the law into your own hands – it may be very tempting to find a quick fix to your problem if a tenant does stop paying the rent or breaches the lease in another way, but the only sure way of fixing the problem properly and permanently is to follow the correct legal steps, even it does initially cost money and takes longer than you would like.    If you are going to change the locks, cut services such as water & electricity, intimidate, forcibly remove the occupants or move someone else into the premises, this is legally called spoliation or unlawful dispossession and will likely result in a court order being brought against the Landlord and occupation being given back to the tenant at the cost and expense of the landlord.    Crazy hey, the tenant has after all not being paying rent and now you will have to pay his legal fees to get him back into your property!  Then when the landlord approaches the court for an eviction, the case will be immeasurably more difficult to win because of the spoliation and will put the landlord in a very bad light in the eyes of the court.   Rather follow these steps: <ol> <li> Try to compromise and find an amicable solution to the problem if at all possible. </li> <li> Follow the correct legal steps at the same time, starting with a correctly served notice of breach or letter of demand.  Give the tenant the legally required 20 business days (as per CPA if he is a natural person) to remedy the breach and if the tenant does not remedy the breach, cancel the lease – again by the correct legal notice and only after the full 20 business days have lapsed. </li> <li> At this point you must be prepared to take decisive action if the tenant is being unfair, unreasonable and still not responding to the breach notice or letter of demand.  If your property is being managed by an estate agent, they should be handling this for you and will also providing advice and communicate any progress. </li> <li> Contact a good property attorney as soon as it becomes apparent that the tenant is not going to remedy the breach and is likely to remain in the property illegally, so that they can start the eviction process according the stipulations of the PIE Act and obtain the required court order. </li> </ol> Any questions, queries or suggestions – please feel free to email me: <a href=\"mailto:harry@etchellsandyoung.co.za\">harry@etchellsandyoung.co.za</a>  </body> </html>","category":"Tips for Landlords","createdAt":"2017-10-30T08:51:00Z","publishedAt":"2017-10-30T08:51:00Z","summary":"Last month we discussed 5 Keys in Protecting Your Rental Property Investment – read that Blog now – in a market that is coming under a bit of pressure. According to TPN ","title":"Protecting your Rental Property Investment (Part 2)","updatedAt":"2020-11-30T11:21:28.862Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_03_19_07_40_615.jpg","tags":["advice for landlords","property advice","property investment"],"url":"tips-for-landlords/protecting-your-rental-property-investment-part-2-30-10-17","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"5049a17bfe2f44f89d6803a78790c9d6","body":"<!DOCTYPE html> <html> <head> </head> <body> By Harry Meyburgh Owning a rental property (or rental property portfolio) can be and usually is a very good long term investment to generate not only a monthly income, but also capital appreciation over time.  Like any other investment, there are certain fundamentals that must be in place and you need to be aware of the “rules” applicable to get the best out of your investment.  You also need to actively protect your investment.   Etchells & Young manage a large portfolio of residential rental properties and we believe that we do this very well! The rental market has however changed of late as a direct result of the state of our economy.    We have seen that some tenants are starting to struggle to keep rental payments up and some have become a bit more erratic with their payment patterns.  Tenants are under pressure and feeling the effects of a stuttering economy and some of the reasons given for non- and slow payment of rent are: not being paid their salary, being retrenched, not receiving any salary increase and cut backs in hours being worked.    Those who are self-employed are also struggling with non-payment from clients and business in slower and more difficult in general.  Vacant rental properties in certain rental brackets are also becoming an issue and it is taking a little longer to find good tenants to fill these vacant properties, partly due to the scarcity of really good tenants and partly due to the number of properties on the market to choose from.   5 Keys in Protecting your Rental Property Investment <ul style=\"list-style-type: disc;\"> <li style=\"text-align: justify;\"> Tenant placement – ensure that you screen prospective tenants very well by checking and verifying their income/affordability, employment, credit profile, tenant profile and get a reference from their previous landlord. Beware of the many fraudulent tenant application currently doing the rounds with false passports, fake bank statements and letters of employment.  This is one of the cornerstones of Etchells & Young’s success; our experienced admin team knows how to identify the fraudsters and knows what to look for in all applicants.  Screening tenants and only placing approved applicants according to our criteria significantly reduces future tenant problems. </li> <li style=\"text-align: justify;\"> Sign a good, legally compliant Lease Agreement with your tenant to protect your interests and investment, should things go wrong later. Having a good lease, correctly signed that protects your interest, but is still fair to the tenant, could well save you a lot of time and money down the line. </li> <li style=\"text-align: justify;\"> Be fair to your tenant during the lease – maintain and repair the structural and wear & tear items that you as landlord are responsible for and be reasonable in responding to tenant requests for repairs. Repairs & maintenance should be a standard item in your budget as preventative maintenance will prevent small problems from tuning into big expensive problems later on. </li> <li style=\"text-align: justify;\"> Know the law, your rights and your tenant’s rights – ignorance, arrogance and non-compliance with the law could be very costly for a landlord in the long run. This can be one of the biggest factors affecting the return on your investment if you fall into this trap and act outside of the law when dealing with your tenant. </li> <li style=\"text-align: justify;\"> Deal decisively if your tenant defaults, starts making excuses and does not remedy a breach, don’t delay the inevitable. Once your tenant starts defaulting and does not rectify the situation, it is better to terminate the lease and start again rather than be strung along for many months without receiving any rent.  Again, be fair and reasonable and if that does not help seek the advice of a good rental attorney sooner rather than later. Eat the frog! </li> </ul> We will discuss the above points in more detail next month, so watch out for that. As a registered Estate Agent, Etchells & Young has a duty to act in the best interest of our clients and our experience and expertise make us an excellent partner to landlords who are serious about protecting the value of their rental property investments.  We have a really good team of agents to source and place new tenants and a very experienced rental management team that manage to day-to-day aspects of the tenant and to deal with any issues that may arise.   What our Clients say about us: Meltown Investments (Pty) Ltd is a property holding company that has mainly invested in the townhouse and student accommodation sector with 120 units to let.   Etchells & Young has over the last six years played a pivotal role in the success of these projects. They have a full understanding of the rental market and take care of finding suitably vetted tenants. To ensure the smooth running and servicing of these tenants, they always keep in touch with them to assist and should any repairs and maintenance be required they coordinate these functions as well.   The understanding of the sector also requires intimate knowledge of the Sectional Title Act and all the role players that are involved. Communicating and dealing with Managing Agents, Estate Managers, Body Corporates, Trustees, etc. are all vital components of the tasks that they fulfill.   The entire team at Etchells & Young are capable and know exactly what they are doing. Queries are always attended to in time and we have never had to question their integrity. Mike Muller Director Meltown Investments </body> </html>","category":"Tips for Landlords","createdAt":"2017-09-28T06:51:00Z","publishedAt":"2017-09-28T06:51:00Z","summary":"Owning a rental property (or rental property portfolio) can be and usually is a very good long term investment to generate not only a monthly income, but also capital appreciation over time","title":"Protecting your Rental Property Investment ","updatedAt":"2020-11-30T11:24:13.642Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_30_11_24_13_408.jpeg","tags":["property investment","advice for landlords","property advice"],"url":"tips-for-landlords/protecting-your-rental-property-investment-28-09-17","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"51a60cf1b8c6464fa967c8cc217728dd","body":"<!DOCTYPE html> <html> <head> </head> <body> Managing your finances amidst rising economic pressures calls for level-headed decision-making and effective planning!   Considering the inevitability of interest rate hikes in the coming months, clearing debt should be a top priority. Although it may seem counter-intuitive in an uncertain economic climate, those consumers who have access to savings should seriously consider using a portion of it to settle their debt - particularly those with high interest rates - or to reduce the capital amount on home loans or car finance. Lifting this burden is guaranteed to have a positive effect on your finances and stress levels. As soon as debt has been significantly reduced, focus on restoring savings and creating a conservative-moderate investment portfolio.   Curb unnecessary household spending and reduce monthly entertainment costs. Simple cost-saving techniques should be implemented. Sourcing groceries locally, and keeping an eye on price trends and specials are effective ways to monitor and subsequently reduce monthly spending. Many stores offer discounts when buying in bulk. However, some consumers prefer to buy groceries only when necessary to discourage wastage and splurging on unnecessary items. Others take advantage of money-back promotions and discounts such as the PnP SmartShopper or Woolworths WRewards. Use whatever means necessary to clear debt, and increase the amount of disposable income available in order to save. Consciously revise and assess every item in the monthly budget from month to month – this practise will ensure a degree of accountability towards unnecessary spending.   As far as possible, avoid being pressured into taking additional gap cover or applying for any new loans – the focus should be on managing existing financial responsibilities rather than adding to them. Maintaining a healthy credit payment rating is essential! This will ensure that debt is significantly reduced to free up disposable income, which should be used to save or invest.   Many consumers, who are not currently putting effective cost-saving practices in place, may become overwhelmed with financial commitments as SA’s economy continues to perform poorly. Defaulting on monthly instalments will adversely affect a consumer’s credit rating and cause financial institutions to look unfavourably on future loan applications.   South African’s are cautioned to remain level-headed and implement careful financial management strategies in the coming months. Adopting a frugal attitude towards spending, saving and investing may be what sees South Africans through this trying time. </body> </html>","category":"News","createdAt":"2017-06-09T07:55:00Z","publishedAt":"2017-06-09T07:55:00Z","summary":"Managing your finances amidst rising economic pressures calls for level-headed decision-making and effective planning!Considering the inevitability of interest rate hikes in the coming months, clearing debt should be a top priority","title":"Managing Finances amidst Rising Economic Pressures","updatedAt":"2020-11-30T11:27:58.344Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_30_11_27_57_938.jpeg","tags":["property investment","advice for tenants","advice for buyers","advice for landlords","advice for sellers","selling property"],"url":"managing-finances-amidst-rising-economic-pressures-09-06-17","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"66e597034935466090418bd069f5830c","body":"<!DOCTYPE html> <html> <head> </head> <body> The Rental Housing Act is clear regarding rental deposits. According to the Act, the landlord (or the estate agency acting on behalf of the landlord) is required to refund the rental deposit & interest accrued to the tenant within 7 days of the expiry of the lease should there be no amounts owed for unpaid rent or costs to repair damages caused by the tenant.   It's important that tenants consider this in the months leading up to the expiry of the lease, to ensure that provision is made for the rental deposit due on their next property.   If an amount is owed for repairs or outstanding rent/utilities, the landlord is required to refund the rental deposit & interest accrued less deductions within 14 days of restoration of the property. If the tenant is liable for damages to the property, he/she is entitled to a written & dated receipt of all repair costs.    It may take several weeks for the landlord to source and select the most cost-effective repair quote, and for the contractors to complete the job. It is therefore in the tenant's best interest to return the property to the landlord in the same condition it was received to avoid unnecessary delays.   The tenant may repair minor damages (such as holes in the walls made by nails) provided the quality of workmanship is acceptable. Any electrical/specialised repair work should be left to the professionals! Both parties must jointly complete the entry & exit inspection at the beginning & end of the lease period to reduce the risk of dispute over which party is liable for damages. </body> </html>","category":"#AskEtchells","createdAt":"2017-06-01T16:46:00Z","publishedAt":"2017-06-01T16:46:00Z","summary":"The Rental Housing Act is clear regarding rental deposits","title":"When Will I Receive my Rental Deposit? ","updatedAt":"2020-11-30T11:31:00.452Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_30_11_31_00_265.jpeg","tags":["advice for landlords","advice for tenants","property advice"],"url":"asketchells/when-will-i-receive-my-rental-deposit-01-06-17","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"32a50f68f35c4407930b6296ed5456c2","body":"<!DOCTYPE html> <html> <head> </head> <body> Every young adult dreams of the day they leave home and move into their very own apartment. What’s less clear is what exactly is necessary and attainable on a “first-apartment-budget” – bearing in mind that the majority of individuals moving into their first apartment are students or newly qualified individuals, living on a somewhat limited budget.   Mattress & Base The single most important item in your new home should be a new mattress! Unsurprisingly a mattress base comes in at a close second. Although you’ve seen many New York-style apartments with mattresses directly on the floor (and you're aware that this trend is considered boho-chic among the home decor elite) - unless it has been impeccably planned and furnished, it looks less like the Brooklyn studios that you see in movies than you think. Bedside tables and lamps, although not strictly necessary, will complete the look, and should be among the first few things you purchase.   Reviving Previously-Loved Pieces Although grandma’s paisley (and somewhat moth-eaten) couch is not your first choice in living room decor, inheriting second-hand furniture will save thousands of rands when furnishing a new home on a tight budget. However, showcasing this exquisite piece of 1940’s craftsmanship in what you hoped would be a Top Billing-worthy flat may not be the decor disaster you first imagined.   Diverting attention with a few artfully-placed scatter cushions is a simple and cost-effective way to revive old furniture. Vibrant colour and pattern choices are eye-catching and stylish!   A soft, warm throw draped over the armrest (or entire couch if need be) is another way to draw attention away from a hand-me-down, especially one that looks a little worse-for-wear.   If budget is not an issue, consider having the couch reupholstered by a professional. Faux material has become increasingly popular because it offers a wide variety of quality, economical fabrics to suit any taste.   What’s more; rich jewel-toned accents, velvet fabrics, upholstered headboards and repurposed pieces are hot home decor trends in 2017. Grandma’s couch may very well be in fashion this year!   Furniture that Fits Fortunately for space- and budget-conscious consumers, over-sized furniture is no longer in. With a move towards smaller, more convenient living spaces, the inclusion of gigantic sofas is impractical and somewhat audacious in most apartments. Rather, living room furniture trends have streamlined - incorporating practical sizing and design choices that make the most of available space.   Comfort is the macrotrend of the season! Avoid sharp-edged, linear furniture and instead opt for pieces that emphasise deep relaxation and peace. Something you’d enjoy coming home to after a long, hard day at the office.   Dining Room Suite Sit down meals and dinner parties at the dining room table is an important rite of passage for social young adults; however, it is not the end of the world to eat on your lap until you are comfortable enough financially to purchase a good quality dining room set. Thankfully, many modern, open-plan apartments come standard with a breakfast nook which can serve as a dining table in the meantime.   Pots, Pans, Cutlery & Crockery Investing in quality kitchenware - such as pots, pans, cutlery and crockery – is a decision you’re not likely to regret. Kitchenware can be expensive; however, spending more in the beginning will guarantee that what you buy lasts. Mr Price Home offers quality kitchenware at a notably lower price than many other home stores. Keep a look out for sales at Boardman’s - for superior quality at a fraction of the price it would normally sell for. High quality dinnerware in neutral tones is a versatile option likely to outlast fickle fashion trends. A few kitchen essentials necessary for any starter home are high-grade cookware, dinnerware, coffee mugs, water glasses, cutlery, serving spoons, cutting boards, a can opener and quality knives for preparing food. The amount needed will depend entirely on the number of people occupying the home or likely to be served at a dinner party, and the budget.   Bear in mind that a kettle, toaster and microwave oven will also need to be purchased, sooner rather than later. Prioritise according to your needs.   Let there be Light Proper lighting can transform a home, and the addition or replacement of a single fixture can make the world of difference. Design trends for 2017 feature wall mounts, pendants and floor lamps with industrial, geometric or natural inspirations. Many of these designs can be accommodated into your home, both simply and affordably. Proper lighting, in addition to overhead ceiling lights, can create an element of space and cleanliness.   Don’t forget that extension cords and two-prong plug adapters are essential in your new home!   Curtains No room would be complete without curtains or blinds. Apart from protecting the inhabitant’s privacy and obscuring early-morning sunlight, curtains assist in keeping the home warm in winter and cool in summer, as well as limiting drafts and absorbing noise. Sheet Street offers a wide range of curtains in a variety of colours at an affordable price.   Bear in mind that price denotes quality and life-span. Buying the cheapest curtains you can find may mean that you’re ultimately sacrificing on things like noise absorption or fire resistance, and increasing the chance that the curtains will retain dirt and dust, or fray easily.     Take your time. Consider wisely. Prioritise. Purposeful decorating has its benefits, even if it happens over a longer period of time. Allowing yourself time to live in the apartment will give you a good idea of what is absolutely essential and what you’re able to go without for the time being. You may discover that your taste or decor plans change over the first few months. Waiting on things like art, rugs, pot plants will allow you to save up for decent quality and will ensure you make thoughtful decisions that you won’t regret at a later stage. </body> </html>","category":"Eco and Social","createdAt":"2017-04-24T15:21:00Z","publishedAt":"2017-04-24T15:21:00Z","summary":"Every young adult dreams of the day they leave home and move into their very own apartment","title":"7 Essentials to Consider when Furnishing your First Apartment","updatedAt":"2020-11-30T11:35:16.326Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_30_11_35_15_826.jpeg","tags":["advice for tenants","home and garden","home interior ideas","home decor advice","advice for buyers"],"url":"eco-and-social/7-essentials-to-consider-when-furnishing-your-first-apartment-24-04-17","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"bc07c801391e4a529761fceb62dd6c5d","body":"<!DOCTYPE html> <html> <head> </head> <body> Top 3 Home Decor Trends for 2017: Unsurprisingly natural, organic elements in the home continue to make a statement in 2017. There is a notable shift worldwide towards greener living, and this movement has influenced some of the most recognisable home decor styles in SA, whilst still incorporating South Africa’s rich cultural diversity and love of our land. Rich, earthy tones and cool, clay neutrals are a predominant feature in homes embracing this trend.   The warm palette is further enhanced by a variety of textured accessories and materials that appear hand-crafted and designed. The addition of unique, and often quirky, woven or knitted rugs and cushions offset the clean lines and modernity of contemporary furniture; emphasising homeliness and comfort.   A simple pot plant in a vibrant vase enlivens raw, natural-wood furniture or shelving when set atop it. Botanicals have the ability to totally transform a living area! Organic elements - such as stone, wood and leather - add a sense of warmth, depth and indulgence against a more neutral backdrop. Although seemingly opposite, the natural and the industrial/urban styles work surprisingly well together – embracing both the love of the city and the love of the wild.     Metallic accessories in every shape, form and colour are another timeless trend that continues on into 2017. Whether it’s brushed, gilded, high-gloss or satin; gold, bronze, copper or silver - incorporating metallic finishes into any space is an essential design element.   Metallic finishes are versatile in that they’re not solely used to embody either modern or vintage styles. In fact, experts are seeing a combination of both contemporary and classic in many state-of-the-art homes working simultaneously and seamlessly.   Simple, high-gloss accessories and reflective, silver frames are small, cost-effective additions to shelves or side tables that make a world of difference.   Likewise, metallic lamp stands and elaborate light fittings function as features or simply a supporting element. Large feature mirrors with ornate, brushed-gold frames give a sense of opulence whilst simultaneously creating the illusion of space.     Lastly, minimalism continues to gain popularity in 2017, with a slight change in perspective. Homes adopting this style are including less so that there is more available to spend. In other words, fewer pieces are selected and displayed for their quality, craftsmanship and sentimental value. Furniture and accessories are placed sparingly, so that full attention and admiration are given. And although clean lines and clear surfaces are a priority, this shift in purpose values quality over quantity.     \"Color in certain places has the great value of making the outlines and structural planes seem more energetic.\" Antoni Gaudi </body> </html>","category":"Eco and Social","createdAt":"2017-04-05T15:35:00Z","publishedAt":"2017-04-05T15:35:00Z","summary":"Top 3 Home Decor Trends for 2017:Unsurprisingly natural, organic elements in the home continue to make a statement in 2017","title":"Home Decor Trends for 2017","updatedAt":"2020-11-30T11:44:04.433Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_30_11_37_56_872.jpeg","tags":["home and garden","home interior ideas","home decor advice"],"url":"eco-and-social/home-decor-trends-for-2017-05-04-17","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"940cf698b1a547b681131c579407a689","body":"<!DOCTYPE html> <html> <head> </head> <body> Plascon published their annual Colour Forecast for the New Year, and the remainder of 2017 promises to be an enigmatic mix of colour and design!   Simplicity and balance have notable influences in the layout and design anticipated for 2017, and inspiration comes from both local and international sources, with a combination of digital, cultural and natural elements emerging in current decor trends for the home and workspace.     The Colour Forecast has highlighted four pivotal colour themes that evoke a sense of warmth and sophistication through the use of colour, space and accessories. This year sees a move towards minimalism and a neutral colour palette, accentuated by soft pastels or rich saturates. Each theme is anchored by cool grays and mineral midtones, emphasising balance and permanence.     Although subtly different, each colour trend achieves a greater sense of home through its use of tonal effects and design elements; seamlessly blending modernity, sophistication, elegance and harmony.     Colour Story One: Anonymous  <h3><img class=\"alignright size-large wp-image-6487\" src=\"https://s3.entegral.net/news/Thumbnail_2020_11_03_16_07_36_542.jpg\" alt=\"\" width=\"300\" height=\"226\" /></h3>     “Anonymous’ clear and clean palette is designed for ease of use with a range of cool neutrals anchored with expressive darks and enlivened with dreamlike accents.”   Minimalist Unobtrusive Unassuming Tranquil Dream-like Irridescent Soft Pastels Cool Neutrals/Grays Gradient Paint Effects Feature Colour Block Soften Tonal Effect Metallic Highlights High-Gloss Reflective Surfaces Mirrors Matte Finishes Blackened Undertone     Colour Story Two: Terrain  <h3><img class=\"alignright size-large wp-image-6486\" src=\"https://s3.entegral.net/news/Content_img_2020_11_03_16_07_38_238.jpg\" alt=\"\" width=\"300\" height=\"226\" /></h3>     “Rich and multi-layered, Terrain draws inspiration from the warm earth and the topography of the natural world while relishing the security of the hearth and home.”   Authentic Unpretentious Harmonious Earthen & Natural Tactile Warm Tonal Combinations Saturated, Contrasting Colours Highly-Pigmented Mineral Tones Textured Luxurious Graphic Detailing Leather, Stone, Wood Cool, Dark Backdrops Hand-Crafted Accents Graphic Use of Lines & Colour Enlivening Botanicals     Colour Story 3 : Prism <h3><img class=\"size-large wp-image-6485 alignright\" src=\"https://s3.entegral.net/news/Content_img_2020_11_03_16_07_38_889.jpg\" alt=\"\" width=\"300\" height=\"226\" /></h3>   “Layered, linear and graphic patterns have a sense of dynamic motion and are shown to best effect on a silent, sympathetic scape.”   Sophisticated Modern Harmonious & Energising Kaleidoscopic Three-Dimensional Spectral Clean Lines Digital Graphic Geometric Blocks Layered, Linear Patterns Dynamic Motion Colour Zoning Cool, Light Pastels Vibrant, Saturated Features Complementary Colours Transparent Acrylics Tonal Gradients Glass Textile Prints & Accessories.   Colour Story 4 : Pause <h3><img class=\"size-large wp-image-6484 alignright\" src=\"https://s3.entegral.net/news/Content_img_2020_11_03_16_07_39_916.jpg\" alt=\"\" width=\"300\" height=\"226\" /></h3>     “The mood is monastic without austerity; tactile unadorned finishes and humble scapes are bonded with a raw, powerful yet elegant gilded metalli.”   Authentic & Raw Balance & Harmony Sanctuary Sophisticated Tonal Simplicity Delicate Touches of Deep Gray Luxurious Metallic Gold Meditative Neutrals Gossamer Textures Humble Textiles Tactile, Simple Fittings Cool Light & Shadow Calming Blues & Soft Pink Hues Pale Clay Tones Bleached Wood & Linen Light     <blockquote>\"Color does not add a pleasant quality to design - it reinforces it.\" Pierre Bonnard</blockquote> lascon Colour Forecast 2017 <a href=\"http://www.plascon.co.za/colour/forecast.asp\">www.plascon.co.za/colour/forecast.asp</a> Images sourced from Retrieved 29 March 2017 </body> </html>","category":"Eco and Social","createdAt":"2017-03-30T18:13:00Z","publishedAt":"2017-03-30T18:13:00Z","summary":"Plascon published their annual Colour Forecast for the New Year","title":"Colour Forecast for 2017","updatedAt":"2020-11-30T11:42:59.23Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_30_11_42_58_886.jpeg","tags":["home interior ideas","home and garden","home decor advice"],"url":"eco-and-social/colour-forecast-for-2017-30-03-17","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"b3bb2818805a4adbab5adef62bb9b3a2","body":"<!DOCTYPE html> <html> <head> </head> <body> FNB Property Strategist - John Loos - reported that foreigner buying interest has risen slightly in the first quarter of 2017 compared to the first quarter of 2015 and 2016. This increase could be an early indication of an improvement in foreign home buying confidence in South Africa. The 1st quarter 2017 Estate Agent Survey marked a slight increase in the percentage of buyers believed to be foreigners, up to almost 5% of the total number of buyers recorded. Although small, astute agents have noticed the increase.   When asked whether they’d experienced a rise in the percentage of foreign home buyers over the last year, the majority of agents reported that the number had remained largely unchanged, with an inclination towards improvement. Based on their response, FNB uses the information to populate an index scale - what it refers to as the Foreign Home Buyer Confidence Index.   This Index gives a rating of between -2 and +2 when estimating buyer confidence. According to Loos; “The 1st quarter 2017 Foreign Home Buyer Confidence Index rose to +0.09, from a previous quarter’s level of -0.016.” . Award-winning author and financial journalist for BizNews.com, Jackie Cameron, states in a recent article: “A currency’s value reflects the sentiment global investors have towards a country’s assets.” Investment value dropped sharply in response to several questionable presidential decisions following the firing of Minister Nhlanhla Nene in December 2015, the subsequent appointment and firing of David Van Rooyen, and reappointment of Minister Pravin Gordan. After months of uncertainty and poor investor confidence, the SA market has begun an arduous turnaround towards recovery. The Rand has seen a steady, albeit significant, uptrend since a record high of R16.84 to the Dollar in January of last year.   Over the last year the Rand has continued to perform and currently defies the R13 to the US Dollar mark, at R12.54. Paul Hansen, Retail Investment Director of Stanlib, confirmed that “for now the rand’s uptrend appears to be firmly intact.”   Other factors, such as a slowing consumer price inflation rate and a tapering current account deficit (the lowest in almost six years) have contributed favourably to the appreciation of the Rand against the US Dollar. Although perhaps too soon to tell for certain, the slight appreciation in the Rand and the rise in foreign investor sentiment appear to indicate an improvement in the economic climate. . This bodes well for home owners and prospective sellers! .    “The strengthening in the Rand ... reflects some improvement in investor sentiment towards South Africa off a low base, and it could be this mild improvement that is not only being reflected in the Rand but also in the housing market in terms of a small strengthening in foreigner demand.” Loos   With indicators pointing towards a more positive year going forward, sellers are cautioned to remain realistic. Demand for quality, market-related property continues to dominate the sales market!   The rise in foreign home buying confidence comes amidst sluggish global economic growth, and so it goes without saying that momentous change will take time. Sellers must seriously consider whether their property is competitively-priced given the current market to ensure that it does not sit for months on end without any solid offers.     Loos J, Property Barometer, Residential Demand Conditions, <a href=\"https://blog.fnb.co.za/wp-content/uploads/2017/03/Property-Barometer_Demand_conditions_Foreign_Home_Buying_Mar_2017.pdf\">Home Buying By Foreigners</a> (March 2017)       </body> </html>","category":"News","createdAt":"2017-03-22T18:49:00Z","publishedAt":"2017-03-22T18:49:00Z","summary":"FNB Property Strategist - John Loos - reported that foreigner buying interest has risen slightly in the first quarter of 2017 compared to the first quarter of 2015 and 2016","title":"Slight Rise in Foreign Home Buyer Confidence","updatedAt":"2020-11-30T11:46:47.744Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_30_11_46_47_338.jpeg","tags":["advice for buyers","advice for sellers","property investment","buying property"],"url":"slight-rise-in-foreign-home-buyer-confidence-22-03-17","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"5987ee94af4a42d3ba108f2d0a91772a","body":"<!DOCTYPE html> <html> <head> </head> <body> Finance Minister, Pravin Gordhan, announced at the Budget Speech on the 22nd of February that despite a constrained economic climate, with slow albeit steady growth forecast for the remainder of the year, the outlook is largely positive.   Current Economic Climate: Bold decisions were proposed that aim to reduce the country’s shortfall and strengthen public finances; addressing underwhelming economic growth, rising unemployment levels and financial strain in both households and businesses. Gordhan (2017) Gordhan hopes that the proposed budget will redress the inequalities of the past by prioritising the redistribution of wealth to education, health and municipal services in rural and poverty-stricken areas.   Furtherance of a more diversified economy will have a positive, long-term effect on the country as a whole. Most notably, an increase in the number of qualified and skilled labourers entering the job market, accessible and adequate health care and education, and cleaner, more hygienic living conditions. According to Gordhan: “We need a commitment to deliver, focused on the triple challenges of poverty, unemployment and inequality.” Sustainable change is possible when the nation as a whole commits to and participates in overcoming challenges that prohibit the achievement of long-lasting transformation. <h3> </h3> South Africa as an Investment Prospect: National economic growth is forecast to climb steadily on the back of improved drought conditions, an increase in electricity supply and demand, a recovering Rand and fewer industrial dispute disruptions. Advancing international investment and development potential in South Africa has moved to the forefront as consumer confidence climbs, with mobilisation the operative word. Gordhan stated in his speech that “consistent, transparent governance” is necessary; one in which government is held accountable for reducing and stabilising debt, as well as curbing public expenditure.   This will “ensure public funds are used for their intended purposes” and make visible progress in financial management. Government will continue to implement initiatives that increase the attractiveness of South Africa as a tourist destination and investment prospect, as well as enterprise and entrepreneurial development, fostering job creation and economic growth. However, it is now more critical than even that households and businesses tighten their belts in the management of income and expenses; a notable discipline that Gordhan proposes be extended to balancing public expenditure. Government and citizens will need to prioritise their spending to alleviate pressure and prepare for the unexpected.   Tax Proposals: Due to a R30 billion revenue shortfall, tax proposals will aim to raise ±R28 billion in the coming year, with the main proposals being a new top personal income tax rate, increases in the fuel and road accident fund levies, sin tax and tax-free threshold, among others. Most remarkably for the real estate industry, Gordhan announced that the threshold above which Transfer Duty on property transactions is paid will increase a further R250 000, to R900 000.   This is a welcome relief to first-time buyers and those looking to downscale! The new threshold will enable buyers to put down a larger deposit - strengthening their buying power - or use the money towards other home-buying costs or debt settlement.  Lower monthly home loan instalments will also increase disposable income. Additionally, no VAT, personal tax or Capital Gains Tax rate increases will positively impact prospective investment.   In Conclusion: The Budget, though challenging, will significantly transform the economic climate if implemented as envisaged.  Gordhan’s focus on prioritising spending, job creation, supporting tourism, facilitating enterprise opportunities and infrastructure development is invaluable to the recovery and sustainability of the South African economy. As mentioned above, sustainable change is only possible when government and citizens commit to and participate in overcoming the challenges that prohibit the achievement of long-lasting economic growth. </body> </html>","category":"News","createdAt":"2017-03-15T07:02:00Z","publishedAt":"2017-03-15T07:02:00Z","summary":"Finance Minister, Pravin Gordhan, announced at the Budget Speech on the 22nd of February that despite a constrained economic climate, with slow albeit steady growth forecast for the remainder of the year, the outlook is largely positive","title":"The Budget Speech 2017","updatedAt":"2020-11-30T12:00:41.99Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_30_12_00_41_318.jpeg","tags":["advice for sellers","advice for tenants","selling property","property investment","buying property","property advice","advice for landlords","advice for buyers"],"url":"the-budget-speech-2017-15-03-17","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"1512fcf5c6194fb2945607b4955b4dbe","body":"<!DOCTYPE html> <html> <head> </head> <body> If you are planning to manage or are currently managing your own investment property, it would be in your interest to consider the following questions: <ul style=\"list-style-type: disc;\"> <li> Do you know your obligations and your tenant’s rights according to the new Consumer Protection Act? </li> <li> Are you operating within the regulations of the Rental Housing Act? </li> <li> Do you provide your tenant with monthly statements and invoices? </li> <li> Do you keep your tenant’s deposit in a separate interest bearing account? </li> <li> Do you have the time to monitor and manage the repairs and maintenance of your property? </li> <li> Do you know how to respond if you are called to appear before the Rental Housing Tribunal? </li> </ul> As the owner of an investment property, your goal would be to accumulate wealth and for the property to eventually pay for itself, without taking up all of your valuable time. Provided you have sourced and placed a quality tenant who pays the rent on time, treats your property with respect, and that you fully understand your obligations as well as the tenant’s rights, this goal is achievable.   If you are not 100% informed and fully compliant with the laws and regulations that govern this industry, you are not protected from potentially unscrupulous claims from disgruntled tenants, contractors and other bodies. Sometimes it is better (and less expensive) to hire a fully compliant professional who has the expertise and experience to manage your affairs and act in your best interest, especially in a complex industry, with many potential pitfalls.  </body> </html>","category":"Tips for Landlords","createdAt":"2017-02-02T06:42:00Z","publishedAt":"2017-02-02T06:42:00Z","summary":"If you are planning to manage or are currently managing your own investment property","title":"Planning to Manage your Investment Property?","updatedAt":"2020-11-30T12:11:09.784Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_30_12_11_09_174.jpeg","tags":["property investment","advice for landlords","property advice"],"url":"tips-for-landlords/planning-to-manage-your-investment-property-02-02-17","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"bb4ae90d0a8343e98ab3dd6647d71871","body":"<!DOCTYPE html> <html> <head> </head> <body> Online property platforms such as Private Property and Property24 have made viewing sales property easier than ever before! Technology has changed the face of property viewing; a Buyer’s first point of contact with the property is now the online listing.   Aspirant homebuyers are a click-away from viewing hundreds of property listings in a matter of minutes. The property portals take it a step further by grouping available properties by suburb and area; and to further simplify the selection process Buyers can define their search by price, property type and features (to name a few). But with so many competitively-priced listings to choose from, how can Sellers ensure that their property attracts attention and maintains interest?   Quality Images are Everything! The Main Image: A bright, clear, hi-resolution image as the main image will stand out among the hundreds of properties listed in any given area. The main image is the first impression a Buyer has of the property and should therefore be eye-catching. If prospective Buyers willingly select to view the property based on the main image and the limited property features visible on the listing page over other similarly-spec’ed properties then the Seller has achieved their purpose – the listing has captured the Buyer’s interest!  It’s vital that the property owner represent their property well to better their chances of attracting interested Buyers. This means that poorly-lit, low-resolution images that fail to show the property in its best light and draw attention to the most attractive features can dampen the interest on what is actually a lovely property. If the images are poor quality, or there are no images at all, the Buyer will simply pass over the listing without a second glance.   All Property Images: To encourage potential Buyers to spend more than a few seconds on the property’s listing page Sellers should ensure that all images, not just the main image, emphasise the most attractive features in the home. Space, flow, furnishings and lighting are popular attributes to highlight. Images that are ordered in such a way as to show the flow and design of the home will give serious Buyers a good idea of the layout. This is further emphasised through virtually taking the Bpotential Buyer on a tour of the property by photographing it room by room and ordering the images online to reflect this. Careful planning and room preparation is essential! Before taking professional photographs make certain that that following are attended to:   Room Preparation for Professional Property Photos: <ul style=\"text-align: left; list-style-type: disc;\"> <li> Clean the house/apartment beforehand; make the beds, arrange scatter cushions neatly; wash and pack away the dishes; close toilet seats. </li> <li> Declutter and pack away; remove paperwork, clothing and toiletries from available surfaces/floors/baskets/washing lines; store toys in cupboards or out of site. </li> <li>Open the curtains; straighten blinds and turn on the lights.</li> </ul> Why Use a Professional Agent: As part of their training at Etchells & Young, new agents receive comprehensive instruction on professionally photographing property. Real Estate photography is defined as both a science and an art; and this is particularly evident in the way a room is approached. The E&Y agents are advised on how to take images that highlight the property’s most attractive attributes so as to gain and retain Buyer interest. Our aim is to place the Seller’s (/Landlord’s) property at the forefront of other competitively priced and marketed properties through quality images and targeted advertising.   The below images of the same property are an example of the value of using a professional property photographer or an agent trained in real estate photography:   <img class=\"wp-image-6446 aligncenter\" src=\"https://s3.entegral.net/news/Thumbnail_2020_11_03_16_07_33_568.jpg\" alt=\"Comparison\" width=\"932\" height=\"1322\" /> </body> </html>","category":"Tips for Sellers","createdAt":"2017-01-20T06:19:00Z","publishedAt":"2017-01-20T06:19:00Z","summary":"Online property platforms such as Private Property and Property24 have made viewing sales property easier than ever before! Technology has changed the face of property viewing; a Buyer’s first point of contact with the property is now the online...","title":"The Value of Professional Real Estate Photography","updatedAt":"2020-11-30T12:26:18.185Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_30_12_18_08_125.jpeg","tags":["selling property","advice for sellers"],"url":"tips-for-sellers/the-value-of-professional-real-estate-photography-20-01-17","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"935dd8e5d5bc403591291ee133402b8a","body":"<!DOCTYPE html> <html> <head> </head> <body> Main Objectives of the Rental Housing Act Amendment Bill: One of the main objectives of the RHA Amendment Bill, published in the Government Gazette in November 2013, is to promote and facilitate a better relationship between the landlord and tenant by clearly and separately outlining the rights and obligations of both parties within the rental housing market. This is done in an attempt to further protect the landlord and tenant from illegal or unfair practises by the other party, and to ensure that the Act is easily understood and legally enforced. It is for this reason that the lease agreements are now required to be in writing, relating to the CPA, so as to avoid later disputes as to what was agreed upon by the landlord or tenant prior to occupation of the property.   This shouldn’t affect the vast majority of landlords or tenants, particularly those working with estate agents, as this is already a somewhat standard procedure. Those affected are landlords and tenants in the informal housing sector, namely townships. The Bill has placed the responsibility of providing a property that is safe, well-maintained and habitable squarely on the landlord’s shoulders.   It’s important to familiarise yourself with some of the more notable changes to the Act and how they affect you as the landlord or tenant.   In summary, the two most significant changes to the RHA are to the relationship between the landlord and tenant, and to the lease agreement itself - where certain definitions were substituted or inserted to better clarify each party’s responsibility, including that of the Government.   Unfair Practises: <ul> <li> The Amendment has taken up a strong position against the disconnection of water and lights, forceful removal of the tenant and changing of locks to keep a tenant out of the property; requiring an order from the court where all relevant reasons for eviction are considered and legally acted upon. Fines and imprisonment have been implemented as a deterrent to landlords who continue to evict tenants unlawfully or violate their rights in such a way. </li> </ul> It is mentionable that the landlord here refers to the owner of the property being leased, the rental agent contracted by the owner or person responsible for sub-letting it.   Tribunals & Rental Housing Information Offices: <ul> <li> Other changes to the Act require MEC’s to instate and strengthen the influence and authority of Rental Housing Tribunals in every province to competently attend to complaints brought forward by the landlord or tenant. The Tribunals will aid the Courts of Law in the implementation of appropriate discipline concerning offences. Ministers will also release a pro-forma lease agreement to be used as an example to landlords and tenants in which the minimum requirements according to the RHA will be laid out comprehensively. </li> <li> Rental Housing Information Offices will be instituted in every municipality to advise both tenants and landlords on their rights and obligations according to the RHA in a clear and understandable way. </li> </ul> The Lease: <ul> <li> The landlord is required to produce a written lease agreement between himself and the tenant. </li> <li> The description of the property being leased must be included, where the street address is now sufficient and the erf number need not be included. </li> <li> All relevant information outlining the rights and responsibilities of both the landlord and the tenant must be stated in accordance with the Act and any other obligations agreed upon within the lease itself. </li> <li> The lease is enforceable in a Tribunal or competent Court. </li> </ul> How this affects the Tenant within the lease period (4A): <ul> <li> The tenant may request a clear, written, dated receipt for all payments received by the landlord that describes the property, period of payment and how the funds are to be allocated. </li> <li> The tenant may request a written proof of interest accrued. </li> <li> On expiration of lease, the deposit and interest accrued must be paid within 7 days. </li> <li> The tenant is expected to be present at a joint inspection with the landlord at a suitable time to both parties on the landlord’s request, to ascertain if there is any damage caused to the property. </li> <li> The tenant’s right to privacy cannot be violated during the lease period. Should the landlord wish to inspect the property reasonable notice to the tenant must be given. </li> <li> The landlord may not search the tenant, his possessions or property without first obtaining a ruling by the Tribunal or an order of the court. </li> <li> The tenant is liable for the rental and other costs agreed upon in the lease. </li> <li> The tenant may not sub-let the property without the landlord’s permission. </li> </ul> How this affects the Landlord within the lease period (4B): <ul> <li> The tenant’s deposit must be invested into an interest-bearing account, to be repaid to the tenant along with interest accrued at the expiration of the lease. In the case of an estate agent, the deposit must be invested in their trust, savings or interest-bearing account. </li> <li> The tenant may request written proof of the interest accrued on his deposit. </li> <li> Within 7 days of expiration of the lease agreement, if no amounts are owed to the landlord in terms of unpaid rent/lost keys/repairing of damage to property by tenant, landlord must refund the deposit and interest accrued to the tenant. </li> <li> Within 14 days of restoration of the property, the balance of the deposit and interest accrued must be refunded to tenant where the tenant is liable, in terms of unpaid rent/lost keys/repairing of damage to property by tenant. </li> <li> The tenant may request to inspect receipts indicating cost of restoration/replacement of keys etc. </li> <li> On occupation and expiration of lease (vacate) the landlord and tenant must inspect the property to note any damage to the property and determine whether the landlord or tenant are liable to rectify said defects according to the lease. </li> <li> The landlord retains all rights arising from a tenant’s breach in contract if the tenant vacates the property before the expiration of the lease in accordance with the Act. </li> <li> The landlord may inspect the dwelling during the lease period but must respect the tenant’s right to privacy. </li> <li> The landlord may expect prompt and regular payment of rent and other costs agreed upon in the lease. </li> <li> The landlord may recover unpaid rent by obtaining a ruling by the Tribunal or court of law. </li> <li> The landlord may terminate the lease on grounds that do not constitute unfair practise. </li> <li> The landlord may claim compensation for damage to property by the tenant. </li> <li> If the entry and exit inspection are not conducted, it is taken that the landlord has deemed the property in acceptable condition. </li> <li> The landlord must provide and maintain a dwelling that is safe and appropriate for living in with adequate space, protection from the elements and health hazards, and is structurally stable. </li> </ul> </body> </html>","category":"Tips for Landlords","createdAt":"2016-12-01T11:35:00Z","publishedAt":"2016-12-01T11:35:00Z","summary":"Main Objectives of the Rental Housing Act Amendment Bill:One of the main objectives of the RHA Amendment Bill, published in the Government Gazette in November 2013","title":"The Rental Housing Act Amendment Bill","updatedAt":"2020-11-30T12:35:04.698Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_30_12_24_38_686.jpeg","tags":["advice for landlords","property advice"],"url":"tips-for-landlords/the-rental-housing-act-amendment-bill-01-12-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"a43b8486bd34497c9948c14e3b853fab","body":"<!DOCTYPE html> <html> <head> </head> <body> Transfer Duty or VAT, whichever is applicable, is payable on transfer of fixed property in South Africa and is calculated on the purchase price of the property. A transaction cannot be subject to both VAT and Transfer Duty; it is either one or the other. However, VAT always takes preference.   What is VAT? Value-Added Tax is an indirect tax levied on the supply of all goods and services by a VAT Vendor, which is then paid directly to SARS rather than deducted from an individual’s income.   What is Transfer Duty? Transfer Duty is the tax levied on the reasonable market value of any immovable property acquired by way of a sales transaction, paid to SARS on transfer.   What is a VAT Vendor? Certain Businesses (individuals, companies, estates, municipalities or family trusts etc) that supply goods and services are required in accordance with the VAT Act to register as Vendors and act as Agents in collecting and charging VAT.   Any Person or Legal Entity running a business may register for VAT.   Businesses that earn more (or are estimated to earn more) than R1 million turnover in any consecutive 12 month period are obligated to register as VAT Vendors and charge VAT on the goods and services provided.   Alternatively, Businesses may voluntarily register as VAT Vendors if their annual taxable income is more than R50 000 and subsequently claim VAT back on expenses.   What determines whether VAT or Transfer Duty is payable? The Seller’s tax status (whether the Seller is a registered VAT Vendor) essentially determines if VAT or Transfer Duty is payable.   The Buyer’s tax status determines whether s/he can claim the VAT/Transfer Duty amount from SARS as a VAT Input after registration.   When is VAT on an Immovable Property applicable? If the Seller is a registered VAT Vendor and the property forms part of the Seller’s taxable earnings, VAT is payable to SARS and not Transfer Duty.   In terms of a VAT Transaction (one/all parties are registered for VAT), the purchase price is VAT inclusive unless otherwise stated in the Offer to Purchase. The Seller needs to take care to calculate the purchase price accordingly to include the portion payable to SARS.   When is Transfer Duty on an Immovable Property applicable? If the Seller is not a registered VAT Vendor or the property is not related to the Seller’s business, Transfer Duty is payable and not VAT.   If the Seller is a registered VAT Vendor but the property sold is his private residence and leased for residential purposes, Transfer Duty is payable and not VAT.   Who is responsible for paying the Transfer Duty? The Buyer is responsible for paying Transfer Duty to SARS on transfer if the Seller is not a registered VAT Vendor.   Who is responsible for paying the VAT? The Seller is responsible for paying 14% of the purchase price of the property to SARS.   If the Seller is a registered VAT Vendor, the Seller pays VAT on the purchase price of the property and no Transfer Duty is paid. The Buyer will pay the VAT over and above the purchase price and it is then the Seller’s responsibility to process the VAT in accordance with the VAT Act and to pay the VAT over to SARS.   When both the Seller and the Buyer are registered for VAT and the property is sold as a going concern (the business will continue to operate and draw a profit for the foreseeable future); VAT is payable but will be charged at a zero rate.   When VAT is applicable and the Buyer is a registered VAT Vendor, the Buyer may claim the VAT that forms part of the purchase price as a VAT Input from SARS in the form of a credit on their next VAT return/direct payment. SARS may conduct a VAT audit on the Buyer before approving the Input.   If the Buyer is a registered VAT Vendor but the Seller is not, the Buyer may claim back the Transfer Duty paid on transfer as a VAT Input from SARS after registration if the nature and ordinary course of the Buyer’s business is trading in property (i.e. developers or investors). SARS may conduct a VAT audit on the Buyer before approving the Input.   Sellers and Buyers who are unsure of whether Transfer Duty or VAT is payable are advised to consult their Conveyancing Attorney or Agent to help clarify the matter. </body> </html>","category":"Tips for Buyers","createdAt":"2016-11-18T07:33:00Z","publishedAt":"2016-11-18T07:33:00Z","summary":"Transfer Duty or VAT, whichever is applicable, is payable on transfer of fixed property in South Africa and is calculated on the purchase price of the property","title":"What Determines whether VAT or Transfer Duty is Payable?","updatedAt":"2020-11-30T12:33:46.745Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_30_12_33_46_511.jpeg","tags":["advice for buyers","buying property","property advice","property investment"],"url":"tips-for-buyers/what-determines-whether-vat-or-transfer-duty-is-payable-18-11-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"de736fb18d2a4fc08a08009859805f8c","body":"<!DOCTYPE html> <html> <head> </head> <body> When a tenant who pays on time and in full vacates the property they’ve been renting at the end of the lease period they expect to receive their security deposit back from the landlord, especially if they have left the property in good, clean condition. However, the tenant and landlord may have differing opinions on what good and clean is, and this often leads to disputes over what the landlord can reasonably charge the tenant for in terms of cleaning and repairs.   What costs is the Tenant liable for? Landlords may deduct the cost of cleaning from a tenant’s deposit to adequately and reasonably prepare the property for a new tenant. The amount of cleaning deemed necessary should aim to meet the reasonable living requirements of a new tenant and an acceptable standard of hygiene and cleanliness.   According to the Rental Housing Act a landlord may use the deposit and any interest accrued over the lease period to repair damage to the property for which the tenant is liable, excluding wear and tear. This means that if the tenant damages an item at the property or substantially shortens the item’s lifespan the landlord is free to claim compensation from the rental deposit, taking into account the age of the item, its expected lifespan and the cost of replacement.   This generally refers to items that become defective or broken due to tenant neglect and/or abuse - for example; new marks, chips and nail holes that need to be filled, patched and painted; fused globes; indelible stains and marks to curtains, carpets and other flooring; a broken or faulty extractor fan due to tenant neglect; broken glass and window panes; mould caused by a lack of ventilation, broken cupboard doors etc.   What constitutes Fair Wear & Tear? Wear and tear refers to the wearing of items at the property because of normal, everyday use, aging or exposure to the elements (sunlight, rain or wind). The landlord is responsible for the repair and replacement of items damaged because of ordinary wear and tear and may not claim compensation from the tenant if so deemed.   This includes minor dirt, spotting, nicks and scuff marks to walls and flooring, and carpets worn in from ordinary use. If a tenant regularly cleans and maintains the property throughout the lease period and returns it to the landlord in the condition that they received it in when they took occupation, they are less likely to lose their security deposit to repairs and cleaning costs. The tenant can repair minor issues to the property himself, leaving the specialised electrical and plumbing work to the professionals.   This is often cheaper and less of a hassle than having the landlord hire contractors to do the job. Carpets, tiles, windows, cupboards and ovens are notable items that require regular cleaning. Tenants who take personal responsibility for the condition of the property during their lease period facilitate a good landlord-tenant relationship. A good reference from a previous landlord will strengthen the tenant’s rental application for the property they hope to rent next.   To avoid dispute it’s absolutely crucial that both landlord and tenant are present at a joint entry and exit inspection to determine who is liable for the damages when the property is vacated. Tenants and landlords should document any defaults or damage on the inspection report and if possible include photographs.   </body> </html>","category":"Tips for Landlords","createdAt":"2016-11-09T08:57:00Z","publishedAt":"2016-11-09T08:57:00Z","summary":"When a tenant who pays on time and in full vacates the property they’ve been renting at the end of the lease period they expect to receive their security deposit back from the landlord, especially if they have left the property in good","title":"What Constitutes Fair Wear & Tear? ","updatedAt":"2020-11-30T12:42:06.118Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_30_12_42_05_399.jpeg","tags":["advice for tenants","advice for landlords","property investment"],"url":"tips-for-landlords/what-constitutes-fair-wear-and-tear-09-11-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"0a0ed1a80c69408eac13bb99ff91cd85","body":"<!DOCTYPE html> <html> <head> </head> <body> There are very few things South Africans enjoy more than the spectacular severity of a summertime thunderstorm! This is especially true after a combination of global warming and the weather phenomenon, El Niño, resulted in one of the worst droughts SA has experienced in years - which devastated agricultural food production and worsened the already severe water shortage crisis!   <h3> </h3> El Niño & La Niña: El Niño and La Niña are weather anomalies that effect the rainfall and temperature in certain areas around the world. South African weather service's predict that as the year draws to a close the effects of El Niño on the country’s climate will gradually weaken and La Niña will strengthen in it’s place. While El Niño is characterised by a widespread warming of the sea-surface temperatures of the central and eastern Pacific Ocean - resulting in lower-than-normal rainfall across south-central Africa - La Niña, on the other hand, has the exact opposite effect; a continuous cooling of the Pacific which is expected to result in higher-than-normal levels of rainfall in SA.   Unsurprisingly the start of the summer storms has South Africans breathing a sigh of relief after two seasons of exceptionally hot and dry weather. 2015 marked the lowest calendar year rainfall recorded in over 100 years by the South African Weather Service (SAWS). It’s no surprise that the news that La Niña is forecast to bring about high rainfall and improved climate conditions has brought country-wide celebration.     Positive Effects of La Niña on Food Supply & the Economy: Better climate conditions will increase and improve local and regional food supply. Healthier, larger crops and livestock will subsequently improve red meat distribution, decrease grain imports and increase maize and sugar exports. This is estimated to have a positive effect on the cost of food, food price inflation, consumer inflation and ultimately interest rates. Food price inflation is currently set at 11.3% as of September 2016, the highest in 6 years! A reduction in food prices is good news fort South African consumers who are already under financial strain due to rising household costs and growing economic pressures. However, Wandile Sihlobo of the Agricultural Business Chamber stated that food prices are expected to remain elevated until after July 2017, the anticipated date for the main maize harvest, after which a decline should be notable.   <h3> </h3> Potential Dangers of La Niña: However, La Niña brings its own set of difficulties. The continual rainfall typical of La Niña is a high flood risk, especially to homes and areas that are ill-prepared and under-equipped to handle high volumes of water. Stormwater runoff - excessive rainfall onto surfaces that do not allow water drainage; such as on roads, roofs and pavements - is the primary cause of flooding in residential areas. Where soil is usually able to absorb stormwater, excessive rainfall results in water quickly accumulating in areas where drainage is poor or slow, causing an overflow. In the same way, heavy rains can cause rivers and dams to overflow their boundaries, flooding areas and settlements situated nearby. In times of heavy rains flash floods become a very real danger!   <h3> </h3> Flood Risk Management & Preventative Measures: Households should prepare for potentially extreme and unpredictable weather conditions by putting the appropriate preventative measures in place before the wet season begins.   <ul> <li> Clear drains and gutters of leaves and debris to prevent obstruction. Blockages can cause severe damage to piping and can cause rainwater to overflow and leak into walls. Ensure that the gutters are in good working order, and any leaks or cracks are repaired. </li> <li> Inspect the chimney for any cracks or damage and repair as quickly as possible. Ensure you have proper waterproofing in place. </li> <li> Neatly store any household items and garden equipment at risk of water damage, especially electrical equipment and appliances (lawn mowers, vacuum cleaners etc), on pallets or shelving in the garage/shed. </li> <li> Have a qualified professional inspect and seal electrical wiring and systems! </li> <li> Install a water leak sensor that instantly alerts the device user when a leak is detected in the home. Many of these devices are programmed to shut off vital electrical devices before water damage occurs. </li> <li> Seal any cracks in windows, walls and flooring with a waterproof/water resistant product to prevent water seeping through. Ensure doors are correctly fitted. </li> <li> Replace and repair broken or missing roof tiles. </li> </ul> While the positive effects of La Niña on SA's rainfall and climate are a welcome relief, South African's are urged to put the appropriate precautions in place to avoid potential loss and damage due to flooding. </body> </html>","category":"Eco and Social","createdAt":"2016-10-31T08:53:00Z","publishedAt":"2016-10-31T08:53:00Z","summary":"There are very few things South Africans enjoy more than the spectacular severity of a summertime thunderstorm! This is especially true after a combination of global warming and the weather phenomenon, El Niño","title":"How to Protect your Home from Flooding","updatedAt":"2020-11-30T12:45:19.663Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_30_12_45_19_257.jpeg","tags":["home and garden","home decor advice"],"url":"eco-and-social/how-to-protect-your-home-from-flooding-31-10-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"4e7a4096b8d24645b29d089b620ecc7a","body":"<!DOCTYPE html> <html> <head> </head> <body> Changes to the new Sectional Title Legislation will drive up monthly Levies substantially! However, these changes have been implemented to better streamline the management process, and will assist trustees and managing agents in dispute resolution and scheme governance.    Establishing a Reserve Fund Among these, the most notable change to the Sectional Title Schemes Management Act (STSMA) and the Community Services Ombuds Services Act (CSOSA) stipulates that each sectional title scheme is required to establish a reserve fund. The aim of this reserve fund is to ensure that future maintenance, repairs and replacement to the common property and facilities therein are covered.   The suggested amount required is 25% of the budgeted levy amount for that financial year. Sectional title schemes that have not previously adhered to this and at present have little or no reserves will have no choice but to impose a minimum of 25% levy increase for the next 12 months. The Trustees and Managing Agents had until the 7th of October 2016 to make the required changes.   The Trustees are obligated to provide members of the scheme with written notice of the amended levy contributions and amounts owed and payable to the Body Corporate after the budget approval date. Establishing a reserve fund is a necessary change in the sectional title sector as too many schemes run into disrepair and financial ruin due to improper budgeting and financial planning. As a result, there is often insufficient funds to effect necessary repairs and maintenance to the scheme and unit owners risk losing substantial amounts of money as the value of their properties decrease.   In addition, financial institutions - such as banks - closely consider the financial standing of a sectional title scheme before lending money to a potential buyer. If the scheme is not financially sound the banks are less likely to provide the necessary funding to aspirant homeowners, significantly reducing the potential pool of buyers into that scheme and further prejudicing the value of the individual units.   Trustees and home owners should see the amendments to the Act as a positive change that will significantly improve sectional title management in the long term. Body Corporates are encouraged to utilise these services and adhere to the STSMA changes to ensure a smoother governance process. .   Dispute Resolution | Community Services Ombuds Services (CSOS) As stipulated in the new ST legislation, the CSOS is available to fairly and transparently assist any person in a scheme in matters that call for resolution. Examples of these are financial and goverance issues such as disputes in levy collection and recovery or difficulty in members reaching a unanimous resolution. The CSOS provides a cost-effective and time-efficient alternative in resolving a conflict outside of the courts. The Ombud may appoint an independent conciliator or adjudicator where an agreeable solution is not easily reached.    This article was written with the assistance of our number one choice in Attorney & Conveyancer - Marie van Coller Incorporated Marie Van Coller Incorporated is a fast-growing boutique law firm in Johannesburg with over 25 years of experience in the practice. complement of professional staff enables the firm to cover the entire spectrum of practice in property law, civil litigation, and criminal law and labour law ensuring exceptional services to all clients. +27 11 318 1921  |  marie@mvclaw.co.za  </body> </html>","category":"News","createdAt":"2016-10-27T08:23:00Z","publishedAt":"2016-10-27T08:23:00Z","summary":"Changes to the new Sectional Title Legislation will drive up monthly Levies substantially! However, these changes have been implemented to better streamline the management process","title":"Changes to the new Sectional Title Legislation","updatedAt":"2020-11-30T12:49:35.397Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_30_12_49_34_975.jpeg","tags":["property advice","advice for landlords","buying property","property investment","advice for buyers","advice for sellers"],"url":"changes-to-the-new-sectional-title-legislation-27-10-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"e0f92d7393f046099bb0217ac22b3aeb","body":"<!DOCTYPE html> <html> <head> </head> <body> Understandably the ‘no pets’ policy is a sensitive and sometimes contentious issue between landlords and tenants; especially since the majority of pet owners consider them to be a part of the family. Disputes arise when landlords will not allow pets on their property regardless of how well-behaved or well-trained the pets are. It goes without saying that pets are a big responsibility and not one all individuals choose to adopt! For whatever reason some landlords may just not like animals.   More commonly, from a home owner’s perspective pets are a potential damage risk to the condition of the property - particularly carpets and flooring, furniture and the garden - and can be a nuisance to neighbours if they are noisy, aggressive or have a tendency to roam.  Bear in mind that the landlord wants to make the highest return on investment possible, and a property in poor condition will affect how quickly the unit is filled by future tenants. This is why landlords will sometimes charge a slightly higher rental for pet friendly units - to account for potential damages, accelerated wear and tear and cleaning.   There has been a notable rise in pet ownership among young, working individuals and couples without children. As these individuals form a large part of South African renters, pet friendly properties are in high demand and few-and-far-between!   What does the Etchells & Young lease agreement stipulate in terms of pet ownership? Our lease agreement, like most others established by reputable estate agents, clearly states that tenants are not permitted to keep household pets of any nature (animal, reptile or bird) without prior written permission from the landlord. If the property is a sectional title unit, this permission is still subject to the body corporate’s rules and regulations, as well as restrictions imposed by local bylaws.   Some tenants are not aware that it is fully within the landlord’s rights to refuse pets in his property even if the complex is pet friendly. The home owner may also pose reasonable limitations on the number of pets and type of pet or breed allowed. For example, the landlord may only allow one cat or small pets below knee-height. A clause is then added to the lease agreement clearly outlining the landlord’s conditions regarding potential damage to the property and acceptable behaviour.   Many sectional title schemes have amended the Prescribed Conduct Rule 1 (PCR 1) of the ST Act to ban pets from the scheme altogether because of the noise-related disturbances and general inconvenience posed to other tenants and owners in the complex. In retrospect, small apartments or complexes with little to no communal gardens are not always the most ideal living spaces for pets. A confined, bored dog can wreak havoc in an apartment when left alone for long periods of time and may bark incessantly or destroy furniture in frustration or loneliness.   For those sectional title schemes that do permit pets, the lease agreement stipulates that the tenant will be held responsible for any conduct that may disturb their neighbours or disrupt their lifestyle. If a pet is continually noisy, aggressive towards neighbours and their pets, or is deemed a nuisance by frequently entering other units or the common property unleashed; the landlord or trustees may withdraw their approval, giving the tenant reasonable notice to find a new home for their pet or alternative accommodation for themselves.   It cannot be stressed enough that tenants familiarise themselves with the lease agreement before signing it and ensure that they fully understand their obligations and what they will be liable for in terms of pet ownership during the lease period. The tenant is responsible for maintaining the interior of the unit, fixtures and fittings and commits to returning the property to the landlord in a clean condition and good working order. Regular cleaning and minor interior maintenance is essential during the lease period, and should ensure that there are no penalties to the tenant when they move out!   Once the lease agreement is signed, the tenant agrees to fully comply with the house/complex rules to which they are then lawfully bound.   Rather than challenging the ‘no pets’ rule, tenants should find a property that already allows the type of pet they own. When searching on online property websites, tenants should refine their search criteria to only show pet friendly properties. Having all relevant FICA documentation and personal information in order before the application process begins will ensure valuable time isn’t lost once a pet friendly property that meets your requirements is found. Especially as this could mean losing the property to another aspirant tenant.   Tenants and landlords can avoid disputes over pet ownership so long as the lease agreement clearly and comprehensibly outlines the landlord’s terms and conditions on pet ownership, as well as the tenant’s obligations during the lease period. </body> </html>","category":"Tips for Tenants","createdAt":"2016-10-19T06:00:00Z","publishedAt":"2016-10-19T06:00:00Z","summary":"Understandably the ‘no pets’ policy is a sensitive and sometimes contentious issue between landlords and tenants; especially since the majority of pet owners consider them to be a part of the family","title":"The 'No-Pets' Policy","updatedAt":"2020-11-30T12:53:09.223Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_03_19_07_14_834.jpg","tags":["advice for tenants","property advice"],"url":"tips-for-tenants/the-no-pets-policy-19-10-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"7cdb7eecaede4bd58ba3f6272cdbf599","body":"<!DOCTYPE html> <html> <head> </head> <body> Does the Levy amount charged by the Body Corporate include Municipal Rates?   Rates, taxes and levies are monthly costs that the Body Corporate and local Municipality charge in order to fund the services they provide.   The Body Corporate levies usually cover the costs associated with running the estate and include such items as management, security, repairs, garden, pool and common property maintenance, and common property electricity. The Body Corporate and Trustees present a budget for the year at the AGM and once approved, is calculated and apportioned according to a participation quota and divided amongst unit owners into a monthly levy amount. Unit owners are fully within their rights to request and inspect the financial statements and management accounts of the Body Corporate, and should attend meetings such as AGMs and other Special General Meetings to be kept up-to-date and fully informed with scheme proceedings.   The Sectional Titles Act outlines the fair and equal distribution of shared costs for an effectively run scheme. Etchells & Young would strongly advise that owners of sectional title units familiarise themselves with the Act and the relevant section on levies.   * With a rental property, the Levies are usually still paid for by and are the responsibility of the Landlord without reference to the Tenant, unless stated otherwise in the lease.   The Municipal rates, taxes and levies, on the other hand, cover services provided by the local municipality to a neighbourhood or area and includes sewerage, refuse collection, road maintenance and street light maintenance. The amount levied is calculated according to the land value and any improvements/buildings added to it, based on the property’s market value.   * With a rental property, the Municipal rates & taxes are also usually paid for by and are the responsibility of  the Landlord without reference to the Tenant. However, depending on the stipulations of the lease agreement, the Tenant is usually responsible for consumption based items such as water, electricity, gas, etc and items directly related to the use of the property such as sewerage, refuse collection, service and network charges that appear on the Municipal account.   The rates and taxes charged by City of Jo’burg is separate from the levies amount that the Body Corporate of a Sectional Title scheme bills to the owner. Payment of rates and taxes is the responsibility of the owner and does not fall to the Body Corporate.  (Before 2007, many Body Corporates did collect the rates and taxes together with levies and paid these over to CoJ on behalf of the owners. This law has since changed and it is now each individual owner’s responsibility to ensure an account is opened and paid).   On transfer, CoJ automatically open an account in the new property owner’s name based on the Deeds Office information they obtain.  The Attorney attending to the transfer and/or the Estate Agent who handled the sale, should inform the new home owner of this and advise on the process.     The City of Joburg are generally very accommodating and approachable in assisting with account payments and entering into a payment arrangement to pay off larger debts; however, the owner would need to speak to CoJ directly. Home owners may request that a monthly rates and taxes statement be sent via email.  </body> </html>","category":"#AskEtchells","createdAt":"2016-10-19T05:44:00Z","publishedAt":"2016-10-19T05:44:00Z","summary":"Does the Levy amount charged by the Body Corporate include Municipal Rates? Rates, taxes and levies are monthly costs that the Body Corporate and local Municipality charge in order to fund the services they provide","title":"Does the Levy include Municipal Rates?","updatedAt":"2020-11-30T12:59:32.831Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_30_12_59_32_065.jpeg","tags":["property investment","home and garden","advice for buyers","advice for landlords","property advice","buying property"],"url":"asketchells/does-the-levy-include-municipal-rates-19-10-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"25fffc05785241c386f7d04316331fb4","body":"<!DOCTYPE html> <html> <head> </head> <body> Knowing the difference between a serious buyer and a serial browser is a skill that experienced real estate agents have honed over time with extensive exposure to both characters. Sellers and agents alike encounter a stream of potential buyers at show houses, but whether or not these individuals are serious  about purchasing property is another story altogether.     For the most part the purchasing process follows a standard course: Understanding how prospective buyers enter and navigate the property market is invaluable in evaluating a buyer’s authenticity.   <h3> </h3> How to Know a Serious Buyer? The decision to commit time, energy and finances to purchasing a new property is not one taken lightly. It goes without saying then that the most telling sign that a buyer means business is that they have spent time researching the areas, suburbs or estate they are interested in buying in. Prospective buyers will approach the market with a figure in mind - an approximate value of what they feel they can afford - leading them to begin their research online by investigating what’s currently available and on offer on various property websites.   This gives a good indication as to how active the market is in their specified area, and allows for selling price and spec comparisons. Oftentimes the buyer will seek the area agent’s advice and expertise on what the average home in the area is selling for, market movement and stock availability. They may ask to be notified when properties that meet their criteria become available and will begin attending show days in their chosen suburb and surrounds. A genuine buyer will approach a show house or viewing purposefully; they will view properties that already meet their requirements with the intention of finding their dream home. Keeping their finger on the pulse, they are often the first to enquire about newly listed properties that meet their requirements.     Another telltale sign that a buyer is serious is that they will request to see the property more than once and will ask pointed questions when inspecting the home. For example, the level of genuine interest in the property, what offers the seller is accepting, and if any offers are currently being considered – knowing full-well that there is a large difference between buyer interest and a signed offer to purchase! In many cases the purchaser will obtain a mortgage pre-approval because it strengthens their buying power, and will mention this to the agent/seller.     The next step in the buying process is undoubtedly the offer. The hours spent researching market values and trends put the astute buyer at an advantage because they are more aware of what a property of a similar type and size in that particular area should sell for. They put a market-related offer forward on a property they feel is competitively priced. Keep in mind that buyers will always want to purchase a property for the lowest possible price, regardless of how serious they are. That said, because they are genuinely interested in making this their home these buyers tend to make realistic, competitive offers that are high enough to qualify but remain in line with accurate market prices in the complex/area.     For this very reason estate agents often encourage sellers to consider the first offer received. Delaying in the hopes of receiving a higher offer could potentially cost you in the long run. Time is money and in today’s property market a timeous sales transaction is worth its weight in gold. The time, energy and money it costs to keep a property on the market for more than a few months places undue stress on a seller, particularly if the purchase of the seller’s new property is subject to the sale of their current home.     Sellers are thus advised to consider good offers with limited conditions attached to the sales transaction even if they are lower than anticipated. A reputable estate agent is able to advise on all aspects of the sales process, including accepting offers.   </body> </html>","category":"Tips for Sellers","createdAt":"2016-09-15T11:24:00Z","publishedAt":"2016-09-15T11:24:00Z","summary":"Knowing the difference between a serious buyer and a serial browser is a skill that experienced real estate agents have honed over time with extensive exposure to both characters","title":"How to know a Serious Buyer from a Serial Browser","updatedAt":"2020-12-01T08:43:17.445Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_01_08_43_16_976.jpeg","tags":["advice for sellers","selling property","property advice"],"url":"tips-for-sellers/how-to-know-a-serious-buyer-from-a-serial-browser-15-09-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"2b5375666c4d4a47bd6e4d961fa43dfc","body":"<!DOCTYPE html> <html> <head> </head> <body> Moving is a costly and stressful exercise and sellers looking to downsize are almost guaranteed to experience the seemingly unavoidable downside to downscaling.  Moving from a much-loved family home into something smaller with less storage space may sound more like downgrading than downsizing, but many homeowners are choosing to sell their homes for the cost-saving benefits and convenience a lock-up-and-go property has to offer. South Africans lead extremely busy lifestyles which has fanned a desire for simple, hassle-free living.   Unfortunately in light of SA’s slow economic climate, rising household costs and an increase in inflationary pressures driving up interest rates - many homeowners have no viable alternative but to downscale, more out of necessity than convenience.   The Benefits: The long-term financial benefits to downsizing often outweigh the immediate disadvantages. These drawbacks include the high costs and emotions involved in selling and moving, which tend to run even higher than first anticipated. Making the decision to buy-down requires time, research and a level head – taking all potential selling and moving costs into account and weighing them against the expected income saved on a monthly basis from a lower bond repayment and lower utility bills.   Selling your family home for a smaller property is an opportunity to reduce day-to-day living expenses and increase the amount of income saved; improving your quality of living and giving yourself some much-needed \"breathing room\". Financial strain can take its toll both emotionally and physically, and reducing this burden will pave the way to a happier, healthier home. Less time spent belt-tightening and worrying over finances will free up time to spend doing the things you enjoy with the people you love. Not to mention, a smaller property with fewer rooms means less cleaning; saving on the monthly cost of a domestic helper and the time you spend tidying.   What's a Popular Downsizing Option? Sectional title properties within a complex or estate are a popular choice amongst downsizers because they boast higher levels of security and the convenience of lock-up-and-go. The Body Corporate or Managing Agent oversee the general maintenance and repair of the complex, pool and gardens; one less responsibility for the owner to deal with.   Where to Begin: Furnishing your new property is a daunting task and one that may be causing a downsizing decision-making delay! Simplify the process by selecting the appliances and furniture from your current home that suit the look and feel of your new home and lifestyle. Measure accordingly, taking into account the size and measurements of the rooms the items will be occupying. Donate or discard unnecessary items that you no longer use. Downsizing is a good opportunity to re-evaluate and reorganise your living space by decluttering and clearing away the old and unnecessary.   Selling your home for the cost-saving benefits and convenience of a lock-up-and-go property, provided all selling and moving costs are factored in beforehand, has many advantages that will improve your quality of living. </body> </html>","category":"Tips for Buyers","createdAt":"2016-09-12T05:08:00Z","publishedAt":"2016-09-12T05:08:00Z","summary":"Moving is a costly and stressful exercise and sellers looking to downsize are almost guaranteed to experience the seemingly unavoidable downside to downscaling","title":"The Upside to Downsizing","updatedAt":"2020-12-01T08:54:07.145Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_01_08_54_06_895.jpeg","tags":["buying property","property advice","advice for buyers","advice for sellers","selling property"],"url":"tips-for-buyers/the-upside-to-downsizing-12-09-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"48b56b6ec1174b44ad18e9d9edff9008","body":"<!DOCTYPE html> <html> <head> </head> <body> Potential tenants are vulnerable to being targeted by individuals who are posing as estate agents on various property-listing websites.  The fraudulent individuals are duplicating rental property listing information, taken from legitimate estate agency websites and placing them online, pretending to be the agent.   The tenants who are interested in the property contact the “estate agent” and are urged to pay the deposit as it is on a “first-come-first-served” basis that the unit will be leased – a smart move as this is often the case with properties in popular complexes/areas due to high rental demand.   The unsuspecting tenant then pays the rental deposit into the fraudulent agent’s account to secure the property, only to discover later that they can no longer get in touch with the “agent”, that the “agent” doesn’t work for the company listed or that the property is already occupied by someone else.   If you’re looking to rent a property make sure you view the property first! Not only will this guarantee that the agent is working on the property and has been given keys by the landlord, but it is vital in confirming that the property in question has no “nasty surprises” in store for you when you eventually move in, such as damp that wasn’t photographed or a broken toilet that wasn’t mentioned etc.   If you’re uncertain of the legitimacy of the estate agent you’re dealing with, contact the estate agency they work for to confirm their authenticity. The agency’s information can be obtained via the internet, and spending some time establishing whether or not the agent is trustworthy and reputable will save innumerable hours and money spent on opening a case at the police station after the deposit, and in some cases the rent too, has already been stolen. Many estate agencies have a rental application department that deals directly with verifying the tenant information and history for the landlord, and on approval will call and request the deposit be paid. This process is a good indicator as to the genuineness of the company.   All estate agents are required to be registered with the Estate Agency Affairs Board (EAAB) - if you are suspicious or want to confirm that the individual is a registered estate agent, you can visit the EAAB website at <a href=\"http://www.eaab.org.za\">www.eaab.org.za</a> and use the Find An Agent search function on the right-hand side of the home page. This will verify that the person is a registered estate agent.   We advise that all potential tenants use a well-established, reputable estate agency such as Etchells & Young and ensure that the account information given does indeed belong to the estate agency and not a fraudulent agent. Be aware that there are fraudulent individuals out there looking to con you out of your hard-earned cash! </body> </html>","category":"Tips for Tenants","createdAt":"2016-09-09T11:04:00Z","publishedAt":"2016-09-09T11:04:00Z","summary":"Potential tenants are vulnerable to being targeted by individuals who are posing as estate agents on various property-listing websites","title":"Beware Fraudulent Estate Agents!","updatedAt":"2020-12-01T09:00:19.549Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_01_09_00_18_471.jpeg","tags":["advice for tenants","property advice"],"url":"tips-for-tenants/beware-fraudulent-estate-agents-09-09-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"51a406504fcc4960bc077d75daf9c8a8","body":"<!DOCTYPE html> <html> <head> </head> <body> Following a notification by Rand Water on the 24th of August 2016, Johannesburg Water will receive a 15% reduction in the amount of water supplied to the city effective immediately. The Department of Water and Sanitation has imposed further water restrictions on Johannesburg following the Level 2 Water Use Restrictions of November 2015. The City’s main water supplier will regulate and reduce the amount of water passing through the bulk supply meters to Johannesburg Water.   More than 40% of the water in Gauteng is used for gardening purposes, which drove the Department of Water and Sanitation to limit the use of water for watering and irrigation last year. For residents this meant not watering between 6AM and 6PM and not using municipal water to fill swimming pools. These measures were implemented to ensure that the reservoirs did not run empty, which would cause water outages in certain parts of the city to build reservoir capacity back up again. The effectiveness and success of the water reduction target relied solely on the compliance of consumers and households across the city.   Water restriction tariffs were approved by the City in July of 2016 but would only come into play if necessary. With South Africa’s severe water crisis ongoing and aggravated by an extended period of low rainfall and unseasonal heat; the water levels in the Integrated Vaal River System are now below the threshold level of 60%. This has prompted the City to impose the tariffs on water consumption with immediate effect so long as the drought continues. The hope is that the increased cost would curb demand and reduce the risk of shortages in the future.   The restriction tariffs are applied incrementally in relation to how much water is used per month over-and-above the allotted 6000 litres, to reduce water usage by domestic consumers. Johannesburg Water has structured the increase in fees as follows:   10% increase on usage between 20 000 litres and 30 000 litres/month 20% increase on usage between 30 000 and 40 000 litres/month 30% increase on usage above 40 000 litres/month   The JMPD have been tasked with monitoring water usage, which could potentially result in heavy fines issued to non-compliant residents.   Gauteng is predicted to exceed its supply of water in the next 5 years if dam maintenance, construction and repair do not improve significantly and quickly. Johannesburg Water has confirmed that measures to actively save water have been put in place and are being followed, and are encouraging residents to be more water wise! </body> </html>","category":"Eco and Social","createdAt":"2016-09-08T08:48:00Z","publishedAt":"2016-09-08T08:48:00Z","summary":"Following a notification by Rand Water on the 24th of August 2016, Johannesburg Water will receive a 15% reduction in the amount of water supplied to the city effective immediately","title":"Water Restriction Tariffs - September 2016","updatedAt":"2020-12-01T09:05:06.719Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_03_19_07_10_613.jpg","tags":["home and garden"],"url":"eco-and-social/water-restriction-tariffs-september-2016-08-09-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"1643a0babef0403cb3ea9bada351b9d1","body":"<!DOCTYPE html> <html> <head> </head> <body> Purchasing a new property can be a lengthy and complicated process involving several different co-ordinating parties. While each sales transaction follows a similar course, the time frame can vary substantially depending on a variety of factors. The timeous transfer of property ownership from seller to purchaser relies heavily on the co-operation of all parties; these parties predominantly consist of the seller and purchaser, the conveyancers, City Council and the Deeds Office. Each is required to fulfill certain obligations to proceed with the transfer and registration of the property. Failing to meet these obligations results in considerable delays. These delays can have significant financial implications for all involved.   For the most part, registration delays are avoidable provided all parties ensure that the necessary documentation is up-to-date and available on request, and that the correct procedures are followed in order to expedite the transfer process.   What factors affect the timing of the Registration process? <ul style=\"list-style-type: disc;\"> <li> A delay in the purchaser or seller obtaining and providing the required personal information and identity documentation, such as valid FICA documents, bond cancellation figures or proof of income. Incomplete and inaccurate information </li> <li> A delay in the purchaser or seller signing the transfer or bond registration documents. </li> <li> Failure by the purchaser in paying the deposit, bond or transfer/registration costs as agreed upon or in obtaining finance. Late payments cause lengthy delays; in most cases the conveyancers will not register the property until the transfer and bond registration costs have been paid. </li> <li> A delay in the delivery and receipt of the original title deed, which outlines the property and registered owner details, by either the seller or the seller's bank depending on whether or not the property is bonded. </li> <li> A delay in the conveyancer receiving the rates clearance certificate from the local Municipality, the levy clearance certificate from the Body Corporate or the transfer duty receipt from the Deeds Office. </li> <li> The seller is slow in providing a valid, up-to-date electrical, plumbing or gas clearance certificate which deems the property fit for living and compliant with regulations. The property cannot transfer without these vital documents. </li> <li> Delays may result from confusion as to the date the purchaser intends to take occupation. The transfer date is an estimated date, meaning that if the occupation date does not coincide with the date the property transfers, the sales agreement must stipulate the amount of occupational rent the purchaser is required to pay between occupation and transfer. </li> <li> Backlogs that may arise at the Deeds Office could potentially result in a delay in the inspection and registration of the transfer and registration documents. As a general rule of thumb the Deeds Office usually takes 2 - 3 weeks to inspect the documents prior to registration. </li> <li> Unforeseen events such as the death or insolvency of either or the parties. </li> </ul> How to avoid Registration delays: <ul style=\"list-style-type: disc;\"> <li> The buyer and seller should familiarise themselves with all contractual obligations to avoid future confusion and potential delays in the sales process. </li> <li> All parties must provide and sign all relevant documentation at the beginning of the sales process and ensure that the information is accurate and up-to-date. </li> <li> The seller must see to it that any outstanding rates/levies and advance amounts owing are paid in full to ensure that there are no delays in the provision of rates/levy clearance certificates. </li> <li> In the case of a sectional title scheme, the purchaser should request and obtain the latest Body Corporate financial statements, as well as the Body Corporate rules, as early on in the process as possible. </li> <li> If the property is not bonded the seller must locate the original title deed before the sales process begins to avoid future stalling and delays. </li> </ul> </body> </html>","category":"#AskEtchells","createdAt":"2016-08-30T10:49:00Z","publishedAt":"2016-08-30T10:49:00Z","summary":"Purchasing a new property can be a lengthy and complicated process involving several different co-ordinating parties. While each sales transaction follows a similar course, the time frame can vary substantially depending on a variety of factors...","title":"What Causes Delays in Registration? ","updatedAt":"2020-12-01T09:29:15.243Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_01_09_22_15_917.jpeg","tags":["advice for buyers","property investment","buying property","property advice"],"url":"asketchells/what-causes-delays-in-registration-30-08-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"eaa79ca6dadc45bf87dbd0c56a60cda1","body":"<!DOCTYPE html> <html> <head> </head> <body> The Local Municipal Elections held on the 3rd of August have for the first time seen a significant and strong opposition party come to the fore.  As a result, political competition has increased, prompting a renewed sense of responsibility and accountability from the ruling party.  The nation is optimistic that the appointment of new mayors in the major metropolitan areas will further improve service delivery and the efficient running of Municipalities.  This is positive news for the entire country and brings with it a new spirit of optimism.   Following Britain’s decision to exit the European Union (BREXIT) on the 23rd of June 2016, the Rand rallied strongly and regained more than 20% of the value against the British Pound -strengthening from more than R23 to R17.80 to a Pound.  Similarly, the Rand strengthened significantly against the Euro (from a high of R17.80, down to around R15 to a Euro) and the US Dollar (from a high of R15.40, down to around R13,50).     A stronger Rand directly impacts our interest rates and inflation, which has a positive effect on our economy as a whole.  This boosts tenants' ability to pay their rent on time and in full, and giving more tenants an opportunity to step into the buyers market as a result of a stronger and more stable economy.   The first half of 2016 has been tough, so good news in economic growth is most welcome! According to TPN the average Gross Residential Yield has decreased slightly to 8.34%. This is a good indication of the attractiveness (or not) of residential property as an investment class. The average Gross Residential Yield has been decreasing since early-2014. According to Rode & Associates a good estimation of net yield is to deduct 1.5% off the gross yield; therefore the estimated net yield = 6.84% which is below cost of finance.   The weak economy to date has constrained tenants financially, thereby limiting their ability to absorb rental increases. This is shown in TPN’s Tenants in Good Standing figures, which have decreased to 84% in Gauteng as at the end of Q2 2016.   FNB’s Property Barometer shows that Sales have also been tough, with the average number of visitors to Show Houses dropping, properties being on the market for longer before selling and sellers being more willing to drop their prices.  Sellers in the price bracket of R3 Million and above seem to be the most affected.     The Good News: Doom & gloom predictions over the last few years about property market crashes or disasters have not come to reality.  Property is still seen as a solid investment and the market is active, albeit more difficult.  Astute investors make money in property in times of economic growth and times of economic decline. If priced correctly, marketed properly and partnered with a reputable agent, sales will still be made!     Etchells & Young have seen a consistent demand in the rental market, and rental demand for August 2016 have been the highest since February 2016.  We will always find good-quality tenants for well-priced, quality rentals in popular complexes and areas.  TPN also agrees that demand for rental accommodation continues to outstrip supply.  Michelle Etchells, of Etchells & Young, reports a dramatic increase in the number of fraudulent tenant applications received. She warns that unless Landlords have well trained and experienced admin staff, they could find themselves in serious trouble if they allow these fraudsters to gain access to their property.     Etchells & Young also offer a full management service and are currently managing their rental book with only a 2% arrears rate (vs Gauteng’s Tenants NOT in Good Standing of 16%). In conclusion, 98% of our rentals has been paid by month-end.  Tenants prefer to rent properties that are professionally managed as they believe that the risk of an unscrupulous Landlord (for example holding onto their deposit at the end of the lease) is significantly reduced.   </body> </html>","category":"News","createdAt":"2016-08-25T03:49:00Z","publishedAt":"2016-08-25T03:49:00Z","summary":"The Local Municipal Elections held on the 3rd of August have for the first time seen a significant and strong opposition party come to the fore","title":"SA Property Market Update - August 2016","updatedAt":"2020-12-01T09:24:28.666Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_01_09_24_28_041.jpeg","tags":["property advice","property investment","buying property","selling property"],"url":"sa-property-market-update-august-2016-25-08-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"133ded85b0504e2d8d07c893fedbd333","body":"<!DOCTYPE html> <html> <head> </head> <body> Buying property is a long-term financial commitment that aspirant homeowners should not enter into without a comprehensive understanding of the total estimated buying costs involved, over and above the purchase price and deposit. The majority of buyers in South Africa are not in the financial position to pay the full purchase price in cash, which leaves them little option but to apply for the required finance from a financial institution. The approved loan is secured in the form of the registration of a mortgage bond over the property.   Having a reasonable idea of the buying costs before the search for a dream home begins will ensure that buyers search within a realistic and affordable price range. An accepted guideline for the registration and transfer costs is 8 – 10% of the purchase price of the property, which works out to be a considerable amount if it hasn’t been appropriately budgeted for.   The purchaser is liable for the payment of Conveyancing fees & the Deeds Office Levies for Bond Registration & Property Transfer Registration, the Transfer Duty and the Home Loan Initiation/Administration fees. Other costs such as furniture removal and the connection of essential services like telephone, internet and water & electricity may be included in the total home-buying costs. In the case of Sectional Title schemes, a purchaser may be liable to pay a portion of the monthly body corporate levy or a pro-rata portion of the municipal rates as from the registration date.   It is the Conveyancing Attorney’s responsibility to ensure that the transfer of ownership of the property from seller to purchaser is a smooth and hassle-free process.   Bond Registration The Bond Registration Conveyancing fee is a once-off fee charged by the bank-appointed Bond Registration Attorney for the services they provide in registering the bank’s Mortgage Bond over the Title Deed; this cost is paid before registration of the property. The fee guideline is recommended by the Law Society of South Africa and is calculated according to the purchase price/home loan amount. According to the Conveyancing Tables for April 2016; the recommended fees for both bond registration and transfer are now the same. Attorney’s fees are always subject to the addition of VAT.   An additional fixed levy is charged by the Attorneys to cover the costs of telephone calls, petties and postage (posting documents between the Bank, Estate Agency and Deeds Office) & FICA. This postage and petties fee varies depending on the firm.   The Deeds Office Registry fee for Bond Registration is a once-off fixed cost charged by the Deeds Office before registration takes place for the legal registration of the purchaser’s mortgage bond. The purchaser pays the fee to the Bond Registration Attorneys who in turn pay the Deeds Office. Examples of the fees are given below: <R150 000 : R340 R600 000.01 - R800 000 : R770 R1 000 000,01 - R2 000 000 : R990 R2 000 000,01 – R4 000 000 : R1370 R4 000 000,01 - R6 000 000 : R1660 R8 000 000,01 - R10 000 000 : R2 310 R20 000 000,01 - R30 000 000 : R3 850   Property Transfer Registration The Property Transfer Conveyancing fee is a once-off fee charged by the Transferring Attorney for the transferring and registration of the property from the seller’s name into the purchaser’s name. The fee guideline is recommended by the Law Society of South Africa and is calculated according to the purchase price/home loan amount + VAT. It varies from firm to firm.   An additional fixed levy is charged by the Attorneys to cover the costs of telephone calls, petties and postage (posting documents between the Bank, Estate Agency and Deeds Office) & FICA. This postage and petties fee varies depending on the firm.   The Deeds Office Registry fee for Transfer is a once-off fixed amount charged by the Deeds Office for the Title Deed and legal transfer and registration of the property into the purchaser’s name. The amount is calculated on a sliding-scale basis depending on the purchase price of the property. The Transferring Attorney pays the levy to the Deeds Office when the transfer documents are lodged for registration. Examples of the fees are given below: <R100 000 : R35 R600 000,01 - R800 000 : R770 R1 000 000,01 - R2 000 000 : R990 R2 000 000,01 – R4 000 000: R1200 R4 000 000,01 - R6 000 000 : R1650 R8 000 000,01 - R10 000 000 :  R2 310 R20 000 000,01 - R30 000 000 : R4 400   Transfer Duty The Transfer Duty is a once-off tax levied by the Government for the transfer of the property from the seller’s name into the purchaser’s name and is calculated according to the purchase price. The Transferring Attorney calculates and collects the Transfer Duty from the purchaser and in turn pays the South African Revenue Service (SARS) before transfer of the property. This fee forms a significant portion of the costs incurred in transferring and registering a property into the purchaser’s name. 0 – R750 000 : 0% (exempt from transfer duty) R750 001 – R1 250 000 : 3% of the value above R1 250 001 – R1 750 000 : R15 000 + 6% of the value above R1.25mil R1 750 001 – R2 250 000 : R45 000 + 8% of the value above R2 250 001 – R10 000 000 : R85 000 + 11% of the value above R2.25mil R 10 000 001 and above : Transfer Duty is calculated at 13% of the value exceeding R10 000 000 + R937 500 No transfer duty is levied if the transaction is subject to VAT (the seller is a registered VAT vendor) or if the property has a purchase price of less than R750 000.   Home Loan Initiation & Administration Financial Institutions charge a Home Loan Initiation fee for the consideration and processing of the purchaser’s application. The National Credit Act regulates this once-off administration fee payable on registration of the bond at a maximum of R5985 including VAT but the fee varies from bank to bank. The majority of Banks will give the applicant the option to either pay the fee to the conveyancer in a lump sum before registration or to include the fee in the loan amount granted. The purchaser is liable to also pay a monthly service fee to the Bank for services rendered.   Financial Institutions like FNB, ABSA & Nedbank provide online tools that assist in calculating the transfer, bond registration and transfer duty costs. These websites, and many others like them, supply the purchaser with the means to plan and budget accordingly, and avoid the emotional, financial and legal implications of a failed transaction.   Alternatively, a reputable Sales Agent with in-depth market knowledge and experience will be able to provide a comprehensive list of the costs the purchaser is liable to pay. </body> </html>","category":"Tips for Buyers","createdAt":"2016-08-16T10:37:00Z","publishedAt":"2016-08-16T10:37:00Z","summary":"Buying property is a long-term financial commitment that aspirant homeowners should not enter into without a comprehensive understanding of the total estimated buying costs involved, over and above the purchase price and deposit","title":"The \"hidden\" Costs in Buying Property","updatedAt":"2020-12-01T09:28:21.259Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_01_09_28_20_837.jpeg","tags":["advice for buyers","buying property","property advice"],"url":"tips-for-buyers/the-hidden-costs-in-buying-property-16-08-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"1ae137609b414edc87e7bd4b2fad6dc9","body":"<!DOCTYPE html> <html> <head> </head> <body> Homeowners with mortgages will breathe a sigh of relief at the news that the SA Reserve Bank’s Monetary Policy Committee has kept the repurchasing rate unchanged at 7% per annum following two rate hikes earlier this year.   The MPC felt that despite poor economic sentiment a pause in the hiking cycle would not adversely affect the recovery and growth of the economy. Industry professionals agreed that the decision was reasonable from a market-stability standpoint, and that a rate hike was not necessary at this point. This said, inflation has recently seen a slight upward trend due to continued pressure and is expected to accelerate further along in the year, potentially forcing the MPC’s hand in an attempt to control inflation. Consumers should continue to be cautious and mindful in their spending with the expectation of rate hikes towards the end of the year.   For now at least, the decision to retain the repo rate at 7% is a welcome relief. Not surprisingly it bolstered the property market after a constrained first quarter, giving consumers some breathing room; especially those already experiencing financial strain due to rising costs like electricity and food.   Affordability is already a major concern for many aspirant home-buyers. ooba’s property statistics reflect a decline in the number of home loan applications submitted in 2016 and more significantly, a decrease in the number of applications approved. The fact that less buyers are qualifying is a telltale sign of the growing financial pressures SA consumers are faced with amidst the escalating cost of lending.   Sluggish economic growth, rising inflationary pressure and high interest rates have weakened consumer confidence to lower than it’s been in years. Property price growth has fallen below consumer price inflation and is expected to slow during the remainder of the year. SARB governor, Lesetja Kganyago, predicted a 0% growth rate in 2016.   How does this affect the Property Market? Although a slight drop in property demand was noted in the first quarter of this year, stock shortages are prevalent in sought after suburbs across Johannesburg, especially those situated close to popular business/transport nodes. Affordability-concerns has increased the demand for smaller sectional title property as sellers seek to downscale or buy below the R1.5mil mark. This growing demand is boosted by the convenience, security and lifestyle benefits a sectional title property has to offer. There has been a noticeable shift towards community-centred, security-conscious living in recent years.   With the number of qualified buyers diminishing and the cost of lending increasing, sellers may have to be more competitive in their pricing to ensure a timeous sales transaction. Economists have encouraged consumers to not over-indulge and instead adopt healthy payment habits that will cushion the expected interest rate hikes. </body> </html>","category":"News","createdAt":"2016-07-27T07:32:00Z","publishedAt":"2016-07-27T07:32:00Z","summary":"Homeowners with mortgages will breathe a sigh of relief at the news that the SA Reserve Bank’s Monetary Policy Committee has kept the repurchasing rate unchanged at 7% per annum following two rate hikes earlier this year","title":"Repo Rate to Remain at 7%","updatedAt":"2020-12-01T09:32:50.211Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_01_09_32_49_570.jpeg","tags":["property advice","property investment"],"url":"repo-rate-to-remain-at-7-27-07-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"7cff1b86e6574427947ec1e97e20af3e","body":"<!DOCTYPE html> <html> <head> </head> <body> In a recent meeting with our Rental and Sales Agents, the Etchells & Young Director shared the following facts and figures taken from TPN, FNB and Private Property. The reason he felt it necessary to relay this information is that as property professionals we feel it's vital that our Agents and other industry professionals keep up-to-speed and fully informed on the current South African economy and it's effect on the property market.     The property market remains well-balanced despite sluggish economic growth, a weakening rand, rising interest rates and growing pressure on disposable incomes. Real estate, in the face of broad economic weakening, remains resilient. We have listed some significant factors affecting property rentals and sales, as well as other challenges and changes experienced in the industry.     The Economy's impact on Property Sales <ul style=\"list-style-type: disc;\"> <li> Sellers may find it more difficult to sell their property because of the current economic climate. </li> <li> However, money will be made in property in times of economic growth and times of economic decline. </li> <li> Overall the property market appears to be on solid ground and remains a sound investment. </li> <li> In times of economic uncertainty, people tend to fall back to proven investments like property and gold. </li> <li> Disposable income has dropped behind house prices, indicating a deterioration in housing affordability. </li> <li> Agents have noted a significant drop in the average number of visitors to show houses - down from 11.6% to 9.4% in Q2 of 2016 (Q2 of 2013 was 16.69). </li> <li> There has been an increase in the estimated average time a property remains on the market, up from 11 weeks and 1 day to 13 weeks and 4 days. </li> <li> The percentage of first-time buyers decreased to 21% in comparison with 28% in 2014. </li> <li> The buy-to-let category only made up approximately 7.6% of total property sales in Q2 of 2016. </li> <li> As much as 14% of sellers choose to rent rather than buy after selling their property, revealing that households are under increased financial pressure. </li> <li> Sellers who drop their prices have increased from 88% to 92% (vs 78% in Q2 of 2014). </li> <li> A further weakening of the rand is predicted as a result of BREXIT, resulting in a rise in inflation, interest rates and home ownership costs. However, these are no greater than the economic challenges SA is already experiencing. </li> <li> No previous “doom and gloom” or “property disaster” predictions from the last few years have come to reality. </li> <li> If correctly priced, aggressively marketed and partnered with the right agent, sales property will sell! </li> </ul> The Economy's impact on Property Rentals <ul style=\"list-style-type: disc;\"> <li> A weak economy constrains tenants financially, thereby limiting their ability to absorb rental increases. </li> <li> Average Gross Residential Yield has decreased slightly to 8.34%. This is a good indication as to the attractiveness of residential property as an investment class. The average Gross Residential Yield has been decreasing since early 2014. According to Rode & Associates, subtracting 1.5% from the Gross Yield will give a fairly accurate Net Yield. </li> <li> Therefore the estimated Net Yield = 6.84% (which is below the cost of finance). <ul> <li> An estimated 15,000 jobs were lost in South Africa in the last year. </li> <li> The Unemployment Rate increased to 26.7%. </li> <li> South Africa's GDP contracted by -1.2%. </li> <li> The rental market experienced a drop of 2.8% in the percentage of Tenants in Good-Standing. </li> </ul> </li> <li> An increase in Interest Rates usually boosts property rentals; however the weak economy has counter-acted this trend. </li> <li> The TPN National Vacancy Rate is 6.05% for Q2 of 2016. Rentals of R7000 – R12000 = 6.11%. Rentals of R12000 – R25000 = 14.82%. </li> <li> Tenant risk has increased. This is reflected in TPN’s Tenants in Good-Standing (the total percentage of tenants that paid on time, paid within the grace period and paid late). The National Average is 82.2%, down from 86% in 2013/2014.  (The average for Gauteng is slightly higher at 83.89%) </li> <li> Etchells & Young’s current (March, April, May, June) average Arrears Rate is 2%, which means that 98% of rent is paid by month-end. </li> <li> Rental values between R7,000 and R12,000 have the highest percentage of tenants in good-standing, currently 87.5% </li> <li> The national percentage of tenants in good-standing by rental price is R3000 – R7000 = 85.1%; R12,000 – R25,000 = 83.6%; +R25,000 = 75.7% </li> <li> The Rental Inflation year-on-year reflected in Q1 of 2016 according to StatsSA and TPN is 5.18% (StatsSA) and 3.3% (TPN). </li> <li> Signals point toward rental demand strengthening in Q3 and Q4 of 2016. </li> <li> According to the FNB Estate Agents Survey, agents estimate that 53% of sellers are choosing to “rent down” rather than “buying down”, indicating that afforability is declining. </li> <li> Demand for rental accommodation continues to outstrip supply. </li> </ul> </body> </html>","category":"News","createdAt":"2016-07-22T06:31:00Z","publishedAt":"2016-07-22T06:31:00Z","summary":"In a recent meeting with our Rental and Sales Agents, the Etchells & Young Director shared the following facts and figures taken from TPN, FNB and Private Property","title":"The Economy's impact on the Property Market","updatedAt":"2020-12-02T12:33:07.42Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_01_09_35_22_319.jpeg","tags":["property advice","buying property","selling property","property investment"],"url":"the-economy-s-impact-on-the-property-market-22-07-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"00aa363730ae4d92a1ed110f6066b0d8","body":"<!DOCTYPE html> <html> <head> </head> <body> What is a Levy? The levy is a monthly instalment paid by sectional title unit owners which facilitates the efficient day-to-day maintenance and management of the communal property of a Sectional Title Scheme. According to the Sectional Titles Act of 1986 (“the Act”) the Body Corporate is responsible for establishing an administrative fund that adequately meets these monthly expenses. Every owner is liable to pay a monetary contribution towards this fund; ensuring that ample funding is available to fulfil the obligations set forth by the Body Corporate and stipulated in the Sectional Titles Act.     What costs does the Levy cover? The Levy covers necessary expenses incurred by the Body Corporate in the administration, upkeep, running and repair of the common property, such as: <ul> <li> Rates, Taxes, Gas, Water and Electricity for the Common Property </li> <li> Insurance, Sewerage, Sanitary and Security for the Common Property </li> <li> Maintenance and Repairs for the Common Property </li> <li> Staff Wages and Salaries, payment of Contractors etc </li> </ul> The levy should also make reasonable provision for unforeseen future expenses.     Who pays the Levies? The unit owners are responsible for paying the levy amount, as well as any Special Levies raised by the Trustees.    Who decides on the Levy amount? The Body Corporate and Trustees attend the Annual General Meeting. A budget for the new financial year is presented by the Trustees, duly appointed by the Body Corporate, and once accepted, is divided amongst unit owners into a monthly levy amount. This amount may vary according to the participation quota (measured floor area) for each owner’s unit. In other words, larger units will often pay a higher levy. The Trustees also decide on the number of instalments in which the levy will be paid. Although the levy amount is implemented at the start of the Scheme, it may be subject to change by general resolution at the AGM.     What is a Special Levy? The Trustees may occasionally raise a Special Levy to cover unexpected, necessary expenses or projects that were not included in the budget and approved at the previous AGM, to be paid in a lump sum or instalments by the owners.     What are the Consequences of unpaid Levies? The Act stipulates that levy payment is compulsory. Owners who do not pay their levies place an unfair burden on the community of home owners within the Scheme who are diligently paying their levies. Levies play an essential part in ensuring that a Sectional Title Scheme continues to operate smoothly in all aspects of management and maintenance; unpaid levies compromise the integrity and condition of the Scheme because the Body Corporate is unable to meet its financial obligations.   For example, repairs and maintenance to the common property falter because staff salaries or repair costs cannot be paid; upgrades and improvements are delayed; municipal accounts fall into arrears and the resulting debts may prompt Trustees to raise Special Levies to continue covering costs. The condition of the complex and the financial standing of the Scheme have a significant impact on the rental demand for it - unsurprisingly quality tenants prefer to rent units run by an efficient Body Corporate or Managing Agent - and in terms of sales, aspirant buyers are now more inclined than ever to assess whether a Scheme is financially sound before buying into it.   Therefore, tenant placement and resale value is adversely affected by a financially unstable Body Corporate. Not to mention, owners wishing to sell their unit need to obtain a levy clearance certificate from the Trustees stating that that they are up-to-date with their levy payments before the property can be legally transferred to the buyer. This certificate will not be issued if an owner is in arrears, resulting in lengthy delays in the sales and registration process. Failure to pay the full levy amount can have serious negative repercussions, especially to an individual’s credit rating.     What does the Arrears Collection Process entail? The Trustees will hand the arrears account over to an attorney for collection, which will begin a damaging and lengthy collection process, whereby the objective is to minimise loss by collecting the outstanding amount as quickly as possible. The pre-legal notice is sent to the owner in arrears in the hope that the outstanding levies will be paid in full without the need for further legal action.   Should the owner continue to default on their levy payments, a letter of demand is issued, followed by a summons served against the debtor.  This process can result in the owner being blacklisted for unpaid levies – the ensuing judgement remains on an individual’s credit report for up to 5 years.   The success of the Body Corporate in efficiently managing a Sectional Title Scheme largely depends on each individual owner’s conscientious and committed approach to paying their levies. Levies play an essential role in ensuring that a Sectional Title Scheme is managed and maintained well and it is up to the individual owner to actively participate and contribute. </body> </html>","category":"Tips for Buyers","createdAt":"2016-06-30T05:52:00Z","publishedAt":"2016-06-30T05:52:00Z","summary":"What is a Levy?The levy is a monthly instalment paid by sectional title unit owners which facilitates the efficient day-to-day maintenance and management of the communal property of a Sectional Title Scheme","title":"All you need to know about Levies","updatedAt":"2020-12-01T09:41:42.802Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_01_09_41_41_927.jpeg","tags":["advice for buyers","property advice","buying property","property investment"],"url":"tips-for-buyers/all-you-need-to-know-about-levies-30-06-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"590e9153642a4403a6d27ddeff5a0be3","body":"<!DOCTYPE html> <html> <head> </head> <body> It’s every seller’s dream to receive multiple offers on their property, but deciding between offers can be challenging if the decision is not a well-informed one. Here’s how to make a decision that’s right for you! Begin the decision-making process by carefully reading through every Offer to Purchase and weighing the pros and cons of each. It’s advisable that this is done with a reputable real estate agent with comprehensive sales experience who can guide you through the transaction process and assist in selecting the best possible offer. An estate agent with the seller’s best interests at heart is worth their weight in gold! Sellers often select the offer with the highest rand value; however, other factors affect the transaction process in varying ways. For instance, a sale subject to the purchaser first selling their own home could result in delays in the transaction process, regardless of how high the offering price is.   The size of the deposit, and whether the purchaser intends to pay cash or apply for bond finance are other significant factors affecting a seller’s decision. Most deposits will range between 10% and 30% of the purchase price; the higher the deposit the more likely the bank is to grant finance. An offer where the buyer is in a financial position to make a large deposit usually has more weight than that of a buyer offering a higher price but needing a 100% bond granted in order to proceed.   In summary; <ul style=\"list-style-type: disc;\"> <li> Read through each offer and weigh up the benefits of each, paying special attention to additional clauses, annexures and additional features and fixtures. </li> <li> Where necessary request that your estate agent or a legal advisor explain any unclear clauses in the contract. </li> <li> Have your estate agent advise on what he/she thinks is the best possible deal for you, taking into consideration your reasons for selling. (Investment purposes, urgent sale etc) </li> </ul> Lastly, make certain that all documentation corresponding to the sales property is accurate and up-to-date to avoid transfer delays. This includes valid copies of the buyer and seller’s FICA documentation, a fully complete and signed Offer to Purchase, Mandate, Electrical Compliance Certificate and all other relevant documentation.   Select the deal most likely to go through at the price you’re willing to accept! </body> </html>","category":"Tips for Sellers","createdAt":"2016-06-10T11:38:00Z","publishedAt":"2016-06-10T11:38:00Z","summary":"It’s every seller’s dream to receive multiple offers on their property, but deciding between offers can be challenging if the decision is not a well-informed one","title":"Selecting the Right Offer To Purchase","updatedAt":"2020-12-01T09:44:46.691Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_01_09_44_46_285.jpeg","tags":["selling property","advice for sellers","property advice"],"url":"tips-for-sellers/selecting-the-right-offer-to-purchase-10-06-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"897458b746ec419cb455923200f64ccf","body":"<!DOCTYPE html> <html> <head> </head> <body> Rental Management has been the cornerstone of our business for over 10 years. Etchells & Young made the decision from the very beginning to conduct the business efficiently and compliantly, which resulted in many developers choosing to use us to rent, manage and sell their development blocks. Our focus on effective systems and procedures and the compliance we practice has established us as an industry leader and the developer’s first choice when it comes to Rental Management.   Etchells & Young credit the success of their Rental Management service to a dedicated staff compliment of three established Portfolio Managers, with a collective total of 45 years experience in the rental management field; a Maintenance department of three co-ordinators who expertly run a team of independent contractors, ensuring they operate in line with our code of honour and value system; and a Finance division entrusted with handling and protecting both the landlord and tenant’s money.   Last but not least, our dedicated staff and agents are highly-trained professionals who are well-equipped to extensively market the property, screen applicants and qualify new tenants. We are committed to giving our owners consistent, superior service in all aspects of the Rental Management process; including correspondence with the tenant, monthly invoicing and statements, rental and utilities collection and payment; as well as full administration of maintenance queries and repairs, access to reliable contractors, payment, the exit inspection snag list process and a 24-hour emergency maintenance number. <ul style=\"list-style-type: disc;\"> <li> Our high standard of service and commitment to our code of honour has been the reason a massive amount of our owners choose to remain with us and use us year after year. </li> <li> Our recurring business with existing owners on our Rental Management book constitutes 83% on average of our monthly rental deals. </li> <li> We have retained a consistently low arrears rate over the last 10 years; 2.3% in contrast to the country average of 12%. </li> <li> Etchells & Young provide expert property services in residential Rentals, Rental Management and Sales. </li> </ul> Why Choose us to Manage Your Property? <ul style=\"list-style-type: disc;\"> <li> Apply strict screening criteria to ensure quality tenants who will respect the owners’ property. </li> <li> Advertise your property aggressively which will give you the “advantage of choice”  </li> <li> Stay abreast of new legislation to fully understand the owners’ rights and obligations. </li> <li> Compliant lease agreement that will protect the owners’ rights.  </li> <li> Team of experienced portfolio managers’ who run a professional management system.  </li> <li> Experienced maintenance department to co-ordinate and manage authorized repairs and maintenance. </li> </ul> </body> </html>","category":"Tips for Landlords","createdAt":"2016-05-30T07:15:00Z","publishedAt":"2016-05-30T07:15:00Z","summary":"Rental Management has been the cornerstone of our business for over 10 years","title":"Why we consider ourselves the Rental Management Professionals ","updatedAt":"2020-12-01T09:48:35.956Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_01_09_48_35_596.jpeg","tags":["property investment","advice for landlords","property advice"],"url":"tips-for-landlords/why-we-consider-ourselves-the-rental-management-professionals-30-05-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"07d2be7dfd39465bb007775a3a93b076","body":"<!DOCTYPE html> <html> <head> </head> <body> South Africans tend to prefer homes with large windows, open plan living areas and tiled floors because these help keep our homes cool in summer, especially with air-conditioning a luxury not everyone can afford. Unfortunately in the winter this poses a problem as the rooms are generally cooler and take longer to warm up. Heating your home this winter shouldn’t burn a deeper hole in your pocket, especially with a rise financial pressures leaving many South Africans with turned-out pockets.   An increase in living costs and growing electricity constraints has placed energy-conscious consumers in a position where they are seeking cost and energy-saving heating options. The most cost-effective and energy-efficient factor in heating your home is to have quality ceiling insulation installed. Because warm air rises, approximately 40% of heat is lost through the ceiling if it is not correctly insulated. Ceiling insulation will reduce energy expenditure, save on the monthly electricity bill, keep your home cool in summer and warm in winter. Insulation positively impacts a home’s resale value and has at least a 5% increase in heat retention. Wooden floors and tiles that aren’t insulated are responsible for up to a 10% loss of heat. Carpets and rugs are an inexpensive option to retain heat, save energy and keep your feet warm.   Ensure that air leaks, cracks and gaps in and around windows, doors and walls are adequately sealed with adhesive foam stripping or silicone. There are several inexpensive and simple solutions that will radically reduce cold seeping into your home and save on your heating bill. A relatively affordable option is to invest in blinds and thicker curtains or line your existing curtains to stop warm air escaping and improve thermal insulation. However, during the day keep your curtains open and take advantage of the natural warmth and sunlight streaming in.   Due to SA’s low electricity tariffs, Eskom retains that the most cost-effective, energy-efficient heating option is electricity. In a recent study, gas was reported as costing almost double what electricity costs to heat an average-sized room. When using a heater, close all doors and windows to keep the heat in. As heaters are generally taxing on an electricity bill, heat only the rooms you need to, keeping the doors to the rooms you aren’t occupying closed. Keep large pieces of furniture away from your heaters as these absorb heat. Thermostat-controlled fan heaters evenly and quickly warm an average-sized room and have the added benefit of direction-control.   They are considered one of the most reasonable choices when heating for only an hour or so. On the other hand, a 2KW oil heater with a thermostat control does a sufficient job, especially for a period of less than 3 hours,  as it steadily heats a room, keeping the rise in temperature (and your electricity bill) at a measured pace. If you would like to keep a room warm for several hours a low KW heater with a thermostat will gradually heat the room and keep your electricity usage low.   Eskom believes that both oil and fan heaters with a thermostat control are reasonably priced and effective choice for warming a room. Underfloor heating and wall-mounted heaters are unfortunately two of the most ineffective choices in affordably heating a room as the time it takes to sufficiently heat a room and the high cost and electricity usage involved in using them for such a long period of time outweighs the positives.   If you're looking for the simplest and cheapest ways to keep warm this winter, pile on the blankets, cuddle with a hot water bottle and drink plenty of hot tea!     </body> </html>","category":"Eco and Social","createdAt":"2016-05-20T10:34:00Z","publishedAt":"2016-05-20T10:34:00Z","summary":"South Africans tend to prefer homes with large windows, open plan living areas and tiled floors because these help keep our homes cool in summer, especially with air-conditioning a luxury not everyone can afford","title":"The Most Affordable Home-Heating Options","updatedAt":"2020-12-01T09:52:39.251Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_01_09_52_38_642.jpeg","tags":["home interior ideas","home decor advice","home and garden"],"url":"eco-and-social/the-most-affordable-home-heating-options-20-05-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"abf4cc7f4b904998bd9f478b56b5b007","body":"<!DOCTYPE html> <html> <head> </head> <body> Winter has definitely arrived, and with it a host of home decor trends to suit the season. For a change in pace that compliments the chilly change in season, check out these hot decorating tips to offset the cold winter months!   Colour From morning mist to charcoal, this winter’s colour palette is characterised by shades of versatile grey to suit every style and theme. What’s more, these tones form a neutral base for darker, richer colours to stand out on - moody midnight blues, deep purples and jewel pinks are popular colour choices for their opulence and ambience. Alternatively, chalky whites, soft beiges, cool blues and warm wood finishes will brighten and lighten any mood. Whether it’s deep and bold or natural and muted, colour works wonders in creating depth and interest in any setting.   Texture and Pattern What better way to combine comfort and warmth this winter than by introducing a trend that is not only indulgent but practical? The use of texture is an important design factor with the ability to shape a living space and enhance the overall feel of a home. A current winter trend sees homeowners decorating with soft, shaggy rugs, scatter cushions and throws, creating a sense of homeliness. Materials and fabrics that appear to be handmade – knitted, printed or woven – are particularly popular; reminiscent of a simpler, less pretentious time. Floral patterns, nature-inspired prints and paper-cut designs in bright, whimsical colours or soft, muted tones make a bold feature. These pair beautifully with understated metallic accents. <h3> </h3> Metallics It’s no secret that metallic accessories and finishes are a timeless addition to any room, regardless of whether the theme is classic or contemporary. High-shine surfaces, decor accessories and embellishments (such as vases, photo frames and lighting), statement mirrors and furniture are often a cost-effective alternative to large-scale redecorating when incorporating metallics into a living area. These accessories are able to lift a darker colour palette and add a touch of life and sparkle to an otherwise pale and unassuming colour scheme. Glass is a valuable addition, expertly tying a room finished with metallic accessories together and accentuating natural light.   Vintage gold, copper, brass and bronze work well when paired with natural materials and organic elements, giving a sense of understated elegance and warmth. Decorating with silver and white will enhance a monochromatic colour scheme. What’s more, metallic embellishments work surprisingly well with bold patterns, grounding dynamic designs. Experience the warmth of winter with these three top decor trends. </body> </html>","category":"Eco and Social","createdAt":"2016-05-10T08:47:00Z","publishedAt":"2016-05-10T08:47:00Z","summary":"Winter has definitely arrived, and with it a host of home decor trends to suit the season","title":"3 Top Decor Trends for Winter","updatedAt":"2020-12-01T09:56:07.422Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_01_09_56_07_047.jpeg","tags":["home and garden","home interior ideas","home decor advice"],"url":"eco-and-social/3-top-decor-trends-for-winter-10-05-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"acb1617797ec4a80912729548044720b","body":"<!DOCTYPE html> <html> <head> </head> <body> Investors hoping to make a decent, long-term return on investment know the value of establishing a competitive, market-based rental price for their property. The property’s rental price is a fair indication of the property’s value, and accurately valuing a rental property draws quality, long-term tenants and in turn, a stable rental income. Setting the rental price too high can result in a costly vacancy, whereas undercharging can lead to a loss in profit. Smart investors look to balance high rental returns with low maintenance and management costs in order to support large capital gains.   Prospective tenants have a wealth of knowledge at their fingertips with unlimited options and access to property websites and information. This results in a more cautious and informed approach to the rental market as a whole; with tenants making decisions based on thorough market research and comparative homework. This should encourage investors to be fair and realistic in setting their rental to avoid their investment property sitting empty.   How do investors go about establishing an accurate rental price? Investors looking to set a fair rental price can do so by considering the property’s average gross yield. This is also hugely beneficial to aspirant investors who would like to determine a property’s investment potential before buying it. The gross rental yield is the rental income the investment property produces before expenses are deducted, and is represented as a percentage of the property’s purchase price. Examples of expenses are insurance, maintenance and repair costs, agent fees, advertising, rates and taxes. The rental yield is a good indication of the rental price an investor can expect on a particular property. Currently the national gross average yield ranges between 6-7%.   A simpler rule-of-thumb for establishing a rental price is 1% of the property’s value in real terms; however, external factors such as location, security, property value, condition of the property and supply/demand play such a significant role in determining a competitive rental price that this estimate is often fairly inaccurate.   Supply and demand are major driving factors in determining realistic rental prices; with various other factors like proximity to amenities, quality schools, and major public transport/business nodes having substantial weight in the decision process.   A good question to ask is what similar properties in the same complex or area are being rented (not advertised) for.   The best advice in gaining a more precise picture would be that investor’s consult an experienced rental agent/agency with specific area and market knowledge. A reputable agent would be able to assist and advise on a comparative rental value that would attract quality tenants for a particular complex or suburb. An estate agent would also be able to give valuable feedback on what, if any, changes need to be made to the property (new carpets, fresh paint etc) to draw prospective tenants. </body> </html>","category":"Tips for Landlords","createdAt":"2016-05-03T10:16:00Z","publishedAt":"2016-05-03T10:16:00Z","summary":"Investors hoping to make a decent, long-term return on investment know the value of establishing a competitive, market-based rental price for their property","title":"Setting an Accurate Rental Price","updatedAt":"2020-12-01T09:59:24.531Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_01_09_59_24_140.jpeg","tags":["advice for landlords","property advice","property investment"],"url":"tips-for-landlords/setting-an-accurate-rental-price-03-05-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"628e3e054f62470a9082fb0d0e575f9e","body":"<!DOCTYPE html> <html> <head> </head> <body> Bond Registration Costs/Conveyancer's Fees are for the service the Registering /Bond) Attorneys provide to get your bond registered over the title deeds.  The fees amount varies according to your home loan amount. The fee is based on tariffs recommended by the Law Society,  but may differ slightly from one law firm to another. They also charge a small levy to cover sundries and postage. Average charge is R 1 150.00, excl. VAT per bond. <ul style=\"list-style-type: disc;\"> <li class=\"MsoNormal\"> On a bond of R 650 000.00 the fee is approximately R 12 700.00 excl. VAT. </li> <li class=\"MsoNormal\"> On a bond of R 2 000 000.00 the fee is approximately R 26 560.00 excl. VAT. </li> </ul> Bond Registration Fee payable to the Deeds office for legal registration of your mortgage bond. The Bond Attorney will make payment to the deeds office, you will transfer the funds to the Attorney. This is also a once off cost payable before bond registrationthis is a fixed amount determined by your loan: <ul style=\"list-style-type: disc;\"> <li> R 600 000.01 -R 800 000.00 the fee is R 852.00. </li> <li> R 1 000 000.01 -R 2 000 000.00 the fee is R 1098.00. </li> <li> R 4 000 000.01 -R 6 000 000.00 the fee is R 1 846.00. </li> <li> R 10 000 000.01 -R 15 000 000.00 the fee is R 3 057.00. </li> </ul> Transfer Duty is a Government Tax levied to transfer the property from the seller's name into the buyer's name. However, If the seller is registered as a VAT vendor, no Transfer Duty is payable. In such a case, the seller must have included VAT in the purchase price. This is usually the case when buying property in a new development – the developer is generally VAT registered. The funds must be paid to the Transferring Attorneys who will then pay South African Revenue Services. This is a once off fee payable before the property can be transferred in the new owners name. <ul> <li class=\"MsoNormal\"> There is no Transfer Duty on property under R 1 000 000. </li> <li class=\"MsoNormal\"> From R 1 000 001 to R 1 357 000, transfer duty is calculated at 3% of the value above R 1 000 000. (You don't pay transfer duty on the first R 1 000 000). </li> <li class=\"MsoNormal\"> From R 1 375 001 to R 1 925 000, Transfer Duty is calculated at 6% on the value above R 1 375 000.00 PLUS a flat rate of R 11 250. </li> <li class=\"MsoNormal\"> From R 1 925 001 to R 2 475 000 , Transfer Duty is calculated at 8% on the value above R 1 925 000, PLUS a flat rate of R 44 250. </li> <li class=\"MsoNormal\"> From R 2 475 001 to R 11 000 000, Transfer Duty is calculated at 11% of the value above </li> <li class=\"MsoNormal\"> R 2 475 000 PLUS R 88 250. </li> <li class=\"MsoNormal\"> From R 11 000 001 and above, Transfer Duty is calculated at 13% of the value exceeding R 11 000 000 Plus R 1 026 000. </li> <li class=\"MsoNormal\">No transfer duty is payable if the transaction is subject to VAT.</li> </ul> The Conveyancers Fee is charged by the Transferring Attorneys for the service of registering the property in the new owners’ name. The amount depends on the purchase price and may vary slightly from one attorney to the next. This must be paid to the Transferring Attorney before the property can be registered into the buyers name and is a once off cost. <ul> <li class=\"MsoNormal\">On a purchase price of R 650 000.00 the fee is approximately R 14 240.00 Excl. VAT.</li> <li class=\"MsoNormal\">On a purchase price of R 2 000 000.00 the fee is approximately R 26 560.00 Excl. VAT.</li> </ul> The Deeds office Registry Fee/Property Transfer is charged by the Deeds Office for the Title Deed and legal transfer and registration of property into the new owners’ name. This is paid to the transferring Attorney who then pays the deeds office. It is a once off cost payable before transfer. This is a fixed amount based on your home loan: <ul style=\"list-style-type: disc;\"> <li class=\"MsoNormal\"> R 600 000.01 - R 800 000.00 the fee is R 889.00. </li> <li class=\"MsoNormal\"> R 1 000 000.01 - R 2 000 000.00 the fee is R 1 020.00. </li> <li class=\"MsoNormal\"> R 4 000 000.01 - R 6 000 000.00 the fee is R 1 588.00. </li> <li class=\"MsoNormal\"> R 10 000 000.01 - R 15 000 000.00 the fee is R 2 680.00. </li> </ul> Municipal Provision for Rates and Taxes charged to cover all rates and taxes that need to be paid in advance by the buyer. It is paid to the local municipality. The amount may differ from one municipality to another but you should budget for R7500.       </body> </html>","category":"Tips for Buyers","createdAt":"2016-04-22T05:58:00Z","publishedAt":"2016-04-22T05:58:00Z","summary":"Bond Registration and Transfer Costs Payable by the Buyer","title":"Latest Cost Table - For Buyers","updatedAt":"2020-12-01T12:20:37.158Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_01_11_28_28_018.jpeg","tags":["advice for buyers","buying property","property investment","property advice"],"url":"tips-for-buyers/latest-cost-table-for-buyers-22-04-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"d8bb8d795f9e4b149aae136ae7eba2d7","body":"<!DOCTYPE html> <html> <head> </head> <body> What is Surety? Oftentimes in the case of students or newly qualified individuals looking to rent their first property, the only way to get the Landlord to accept their application is to get a relative or friend to sign as surety on their behalf.  This provides the Landlord with some comfort that the risk will be covered in the event of a default.  A surety is thus a form of guarantee that someone who is creditworthy will cover the debt, if required, for someone who is not (yet) creditworthy.   In terms of a surety agreement, there are three separate parties; the Landlord (the creditor), the Tenant (the principal debtor) & the Surety (the co-principal debtor).   What is the Role of the Surety? Essentially the Surety takes on the role of a co-borrower, being held liable in the same manner as the Tenant and for the full debt that the Tenant may incur. The Surety uses their healthy credit rating/record for the Tenant’s gain & agrees to accept full responsibility & liability for the payment of the rental amount should the Tenant, for whatever reason, not meet their rental obligations in terms of the lease.   Is Surety Binding? Suretyship is not always automatically cancelled on payment of the debt. In the most common suretyship agreements the liability is unlimited & binding, despite termination or cancellation of the lease agreement, requiring the Landlord to formally release the Surety as co-principal debtor in writing, even in the case of the Surety’s death or disability.  With regards to a lease, the liability will however be limited to the scope of the lease agreement; in other words, the Landlord cannot hold the Surety liable for any debts not related to the lease agreement.   What are the consequences should the Tenant default? The Surety is responsible for the rental amount and any other amounts (such as water and lights) due & owing to the Landlord by the Tenant as stipulated in the lease agreement. Should the Tenant default on their rental payments, the Landlord is permitted to collect the outstanding balances directly from the Surety.   It is imperative that the Surety understand & know full-well the technicalities & consequences of signing a binding suretyship agreement, & the affect that it can have on the Surety’s financial future.  Signing as Surety for another is a massive commitment! </body> </html>","category":"#AskEtchells","createdAt":"2016-04-15T06:18:00Z","publishedAt":"2016-04-15T06:18:00Z","summary":"What is Surety? Oftentimes in the case of students or newly qualified individuals looking to rent their first property, the only way to get the Landlord to accept their application is to get a relative or friend to sign as surety on their behalf...","title":"What are the Risks of Signing Surety? ","updatedAt":"2020-12-01T12:25:57.875Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_01_12_25_57_516.jpeg","tags":["property advice","advice for tenants"],"url":"asketchells/what-are-the-risks-of-signing-surety-15-04-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"29deca33a7544d7eb3e0a142188a9db1","body":"<!DOCTYPE html> <html> <head> </head> <body> The South African Reserve Bank raised the prime overdraft rate (the average interest rate charged on loans by banks) a further 25bps in March 2016 to 10.50% amidst mounting inflationary pressures. This is the third straight rate hike in a row since November 2015 where it was raised to 9.75%. Factors such as a rise in food prices and deteriorating economic growth have driven inflation above the SARB’s 3-6% target, currently sitting at 7%.   How does this affect the SA consumer? Many South African consumers utilising credit products will be negatively impacted by interest rate hikes, particularly those in the low to middle income bracket already experiencing financial pressure. Rate hikes increase the amount of money paid on facilities like a home loan, car finance and credit cards. As monthly instalments increase in cost, expendable income decreases and financial difficulty sets in.   <h3> </h3> What affect does this have on home loan repayments? Interest is calculated daily on the outstanding balance of the home loan. Increases in the home loan rate, which is the interest rate paid on a bond, have a direct affect on the monthly home loan repayments.     For example; On a bond of R1 000 000 over a 20 year term at an interest rate of 10% per annum the monthly loan repayment is R9 650, similar to that of November last year. At 10.50% the bond repayments increase to R9 980.   Should the prime lending rate increase a further 50bps to 11% the repayment amount increases to R10 032. At 11.50% the home loan repayments have increased by a staggering R840 to R10 490; the financial implications being that consumers will have to make provision in their budget for an additional amount of almost R1 000. And interest rates are predicted to rise again this year!  <ul> <li class=\"MsoNormal\"> Interest Rate: 10% = Monthly Repayment: R9 650 </li> <li class=\"MsoNormal\"> Interest Rate: 10.50% = Monthly Repayment: R9 980 </li> <li class=\"MsoNormal\"> Interest Rate: 11% = Monthly Repayment: R10 320 </li> <li class=\"MsoNormal\"> Interest Rate: 11.50% = Monthly Repayment: R10 490 </li> </ul> How to manage a home loan amidst rising interest rates Choosing to finance short-term debt over a longer period or extending the length of the bond term may give some immediate relief in terms of smaller monthly instalments but will increase the amount of interest paid as well as the time it takes to pay off, costing significantly more in the long run.   Although both are valid choices, it makes more sense to exercise restraint in unnecessary spending than to take the aforementioned approach with its long-lasting and far-reaching financial consequences.   Correct planning and budgeting with the expectation that interest rates will rise in the near future is the key to relieving financial pressure. Discipline is vital!     If possible begin by paying more than the required bond repayment each month. Not only will this settle the balance owed on the bond faster, reducing the length of the loan term, but the total amount of interest paid over the loan term will reduce too. Additional payments can be made into the home loan; for example, bonuses or commission. Large cash deposits will lower the outstanding home loan amount, reduce the interest on the total and assist in building up an advance on repayments.     Homeowners should live within their means and to the best of their ability curb unnecessary spending. Developing healthy budgeting habits will ease financial strain and essentially protect the investment.   </body> </html>","category":"Tips for Buyers","createdAt":"2016-04-15T05:56:00Z","publishedAt":"2016-04-15T05:56:00Z","summary":"The South African Reserve Bank raised the prime overdraft rate (the average interest rate charged on loans by banks) a further 25bps in March 2016 to 10.50% amidst mounting inflationary pressures","title":"Managing your Bond Repayments ","updatedAt":"2020-12-02T12:39:44.447Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_01_12_36_43_044.jpeg","tags":["property advice"],"url":"tips-for-buyers/managing-your-bond-repayments-15-04-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"7332169f9ab841f18cc7170e8f81299c","body":"<!DOCTYPE html> <html> <head> </head> <body> For many South African citizens, the thought of leaving our beloved country is unthinkable. However, a growing number of South Africans are choosing to emigrate overseas for a variety of reasons; the most common reason being a weak confidence in the current economic and political climate.   According to InterNations, an online international community for expats, the most prevalent reasons for South Africans emigrating are concerns over Government incompetence and corruption, a high crime rate, the deteriorating state of the economy, a growing unemployment rate and an increase in household/living costs.   John Loos, FNB property strategist, stated that the South African property market has seen an increase in emigration-related sales since 2013. Although the percentage was recorded as an unassuming 4.4% in Q4 of 2015, up from 2% in 2013, the category is being closely monitored. Consumer confidence is failing amidst a weakening rand, stagnating economy and mounting political unrest.   New World Wealth noted a sharp fall in the percentage of high net worth individuals (HNWI) living and working in SA in their South African Wealth Report for 2015.   According to the migration survey, NWW estimated that almost 1000 South African millionaires emigrated in 2015 alone; a significant loss to the economy in terms of future economic growth and skill improvement possibilities. The survey states that 36% of SA’s affluent individuals emigrated to the UK - more than double the percentage of those emigrating to Australia - with the States & Canada following close behind. 36% to the UK 15% to Australia 11% to the US 8% to Canada 5% to Mauritius 4% to Israel   In laymen’s terms, the business professionals and individuals making the highest contribution to the wealth of the country are taking their capital contributions elsewhere.   In relation to this, the Mail & Guardian reported that there has been a significant increase in the last few months in the number of SA citizens investigating and applying for foreign residency or citizenship. Unsurprisingly, given the circumstances, South Africans are seeking a safer environment, better education and more job opportunities. Hinting that a further increase in emigration-related property sales can be expected.   The internet hosts a wealth of information on where to emigrate and why. The Economist Intelligence Unit’s comprehensive annual report on overall liveability rates 140 cities according to 30 different factors relating to safety, healthcare, education, infrastructure and environment in the Global Liveability Ranking. Australia and Canada top the list as the safest, most well-run and sought-after countries on the list; <ol> <li> Melbourne – Australia </li> <li> Vienna – Austria </li> <li> Vancouver – Canada </li> <li> Toronto – Canada </li> <li> Calgary – Canada </li> <li> Adelaide – Australia </li> <li> Sydney – Australia </li> <li> Perth – Australia </li> <li> Auckland – New Zealand </li> <li> Helsinki – Finland </li> <li> Zurich – Switzerland </li> </ol> Real estate retains a top position as one of the most influential sectors in wealth creation in the South African economy, reinforcing its resilience despite economic and political pressure. Although the percentage of emigration-related property sales has not come close to the post-recession high of 20%, the increase has been noticed.   For the real estate sector, emigration translates to a rise in the number of sales stock on the market. Should homeowners wish to sell as quickly as possible, it could sit well for buyers looking to negotiate a better deal. However, homeowners hoping to sell at a sizable profit to assist in starting over in another country may find that the market is slower and less active than they'd like. Aspirant homebuyers are inundated with high levels of debt, bad credit scores, low expendable income and increased living expenses. In response, Banks are less likely to grant bonds, forcing a large number of potential buyers to remain in the rental market for longer than they'd hoped to, in effect, reducing the number of eligible buyers significantly and further slowing the market.  This said, the right property will always sell for the right price!   Have you immigrated to South Africa? View our extensive list of <a style=\"color: #bf0404;\" href=\"https://www.etchellsandyoung.co.za/property-search/corporate-rentals\">Corporate Rentals</a>   </body> </html>","category":"News","createdAt":"2016-04-12T05:08:00Z","publishedAt":"2016-04-12T05:08:00Z","summary":"For many South African citizens, the thought of leaving our beloved country is unthinkable","title":"Rise in Emigration-related Property Sales","updatedAt":"2020-12-01T13:00:53.817Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_01_13_00_53_333.jpeg","tags":["advice for sellers","buying property","selling property","advice for buyers"],"url":"rise-in-emigration-related-property-sales-12-04-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"a311304165a0433c9b9e31cc69d4336c","body":"<!DOCTYPE html> <html> <head> </head> <body> Why are Inspections important? Joint inspections are vital in establishing which party is liable for the damages/repairs to the property. Inspection reports aim to avoid future disputes between the landlord & tenant regarding who is responsible to repair noted damage to the property, either at the beginning or end of the rental period.   What is it? A detailed inspection report, often accompanied by photographs, which seeks to outline the property’s condition before the tenant takes occupation & after the tenant vacates. The inspections should always be in writing, signed by the parties and attached to the lease as an addendum.   When is it done? The inspections are conducted at the beginning & the end of the lease period by both the landlord (or his appointed agent) & tenant.  According to the Rental Housing Act the landlord is also permitted to inspect the property during the lease period so long as reasonable notice is given to the tenant & the tenant’s right to privacy is not violated.   It is imperative that the landlord (or agent acting on behalf of the landlord) & tenant are present at both the entry & exit inspection. If the landlord fails to carry out an entry & exit inspection with the tenant present the property is assumed to be in acceptable condition & the landlord is not permitted to deduct any money for repair costs from the tenant’s rental deposit at the end of the lease term. Should the tenant not respond to the landlord/agent’s request for an inspection or fail to be present at the inspection, then the landlord/agent is entitled to carry out the inspection without the tenant and document all their findings.   Entry Inspection On occupation the condition of the property & any pre-existing defects are thoroughly recorded to determine the landlord’s responsibility in resolving the defects that affect the beneficial occupation of the tenant before occupation takes place. The landlord is not required to fix each and every defect or imperfection on the demand of the tenant. Items that are not material need only be noted so that the tenant is not held responsible for these at the end of the lease. Typically these items will not affect the tenant's beneficial occupation of the property or the purpose for which the property has been let.   Most lease agreements allow the tenant to report additional defects that were previously missed within 7 days of the start of the lease agreement. To be fair some defects are only discovered when living in the property. These additional items should be reported by the tenant in writing, email is usually fine, but check the lease stipulations of the agreement. This, together with any items that have been repaired by the landlord, should be recorded.   Exit Inspection On expiration of the lease, an inspection is done to ascertain if any damage was caused by the tenant to the property during the lease period. Its a good idea that the exit inspection is done on the same document as the entry inspection (the entry document should make provision for this) for ease of comparison.   The tenant is expected to return the property to the landlord in an acceptable condition (the same condition as it was when they took occupation) fair wear and tear excepted. This means reasonable wear and tear caused by normal use & exposure over time is deemed permissible in accordance with the Rental Housing Act or lease agreement.   Any repairs to damage caused by the tenant needs be rectified before the lease expires and the tenant vacates the premises. Failure to do this will result in the landlord using the tenant’s deposit to rectify damage. Once this happens, the tenant has no control over the repairs and this will then legally be in the landlord's hands. Tenants will usually not be allowed access to the property after the lease has ended to do repairs. This also seriously inconveniences the next tenant taking occupation of the property.   If the tenant is not present at the exit inspection the landlord is permitted to do the inspection without them being present and deduct any money needed to repair damage caused by the tenant during the lease term from the tenant’s rental deposit.   Inspection reports can never be too detailed or thorough! It is in the best interests of the landlord & tenant to jointly inspect the property at the beginning & the end of the lease period to avoid future disputes over which party is liable to pay to rectify damage. </body> </html>","category":"Tips for Landlords","createdAt":"2016-04-04T10:51:00Z","publishedAt":"2016-04-04T10:51:00Z","summary":"Why are Inspections important? Joint inspections are vital in establishing which party is liable for the damages/repairs to the property","title":"Why are Rental Property Inspections Important? ","updatedAt":"2020-12-01T13:05:59.425Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_01_13_05_58_708.jpeg","tags":["advice for landlords","property advice","property investment","advice for tenants"],"url":"tips-for-landlords/why-are-rental-property-inspections-important-04-04-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"293eae5b59eb4b9286e221ae58742295","body":"<!DOCTYPE html> <html> <head> </head> <body> In light of our current economic climate – rising interest and inflation rates, sluggish economic growth and a decline in expendable income – it’s no wonder the rental market has become the more attractive option, whether voluntarily or not, when the economy is in such a poor state.   Johannesburg in particular has marked a notable increase in demand for rental property. Generally speaking, the higher salaries and lower rentals typical of the City of Gold make renting a favourable and comfortable choice. Unfortunately for many buying has simply become unaffordable. South African consumers are grappling with the financial repercussions of high debt, low disposable income and impaired credit scores. These have a large impact on the outcome of a home loan application. For the majority of South Africans this means that the rental market is no longer seen as a short-term solution or a means to an end. Rather, consumers are choosing to remain in the rental market for its flexibility and affordability.   Here’s why; It’s easier for a tenant to vacate a rental property at the end of the lease period or after fulfilling their notice period (should they wish to change jobs, suburbs or cities) than it is for an owner to sell their property for the same reason. Renting offers considerably more flexibility and mobility than owning a property does.   There are also notable financial benefits to renting. Monthly rentals are only subject to increase once a year whereas bond repayments are at the mercy of interest rate hikes. Homeowners are made particularly vulnerable by the current rate hiking cycle imposed by the SA Reserve Bank in an attempt to prevent any further rise in inflation.   Rentals are oftentimes considerably cheaper than the high costs involved in homeownership. The landlord is financially responsible for paying insurance, rates, taxes and levies on the property, and any maintenance or repairs costs. The tenant is liable for the fixed monthly rental amount and in most cases the water and lights, leaving them able to budget more efficiently with more exposable income to spend or save as they wish. Simply put, consumers prefer to have more readily available money after expenses are paid, especially considering the poor economy, to save or invest with that rainy day in mind.   The rental deposit, usually equal to one month’s rent, is much less than the standard deposit accepted on a property for sale, which is on average 10% of the purchase price. Unfortunately many aspirant homebuyers are forced to remain in the rental market for this very reason. They are unable to come up with a large enough deposit to meet the bank’s deposit requirement or aid in their homeloan application.   The most notable downside to renting is that the tenant is not accumulating wealth and lacks the long-term value and security of owning a property. Renting has until recently been seen as a means to an end, with the ultimate goal being homeownership. However, whether it’s a long-term or short-term solution, renting is a cost-effective option when the economy is under pressure.   Aspirant homebuyers should realistically and seriously consider the large financial responsibility of homeownership before making any lasting decisions. </body> </html>","category":"Tips for Tenants","createdAt":"2016-03-30T11:18:00Z","publishedAt":"2016-03-30T11:18:00Z","summary":"In light of our current economic climate – rising interest and inflation rates, sluggish economic growth and a decline in expendable income – it’s no wonder the rental market has become the more attractive option, whether voluntarily or not","title":"The Benefits of Renting in SA's Current Economic Climate","updatedAt":"2020-12-01T13:14:23.61Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_01_13_14_23_282.jpeg","tags":["advice for tenants","property advice"],"url":"tips-for-tenants/the-benefits-of-renting-in-sa-s-current-economic-climate-30-03-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"41de11a1bb3a4c8fba98686a8cf1f4dc","body":"<!DOCTYPE html> <html> <head> </head> <body> Location, location, location! The age-old mantra still rings true. Location remains one of the leading factors affecting a property’s investment potential and success.   According to a report released by Lightstone, Johannesburg boasts a number of South Africa’s most expensive suburbs based on average property value; Sandhurst, Dunkeld and Westcliff among the priciest and most sought-after areas in the City of Gold. All three are located in the city’s commercial and financial hub, Sandton.   But why is the North a good Investment Prospect? Sandton owes its title as the “Richest Square Mile in Africa” to a well-established and thriving residential and commercial sector. There is a high demand for residential property, particularly sectional title apartments, in the northern suburbs of Johannesburg. The long-term yield potential of quality property in the North is undisputed! Here’s why;   Commercial and retail development in the Sandton CBD and surrounds has flourished, driving the demand for well-run residential schemes in neighbouring suburbs sky-high. Property value is increasing steadily with the rise in large-scale and wide-spread development, and in the process offering investors positive buy-to-let options and sound rental returns.   Corporate professionals working in and around the CBD are unwilling to sacrifice the lifestyle and convenience of Northern-living. Not only is Sandton teeming with popular restaurants and established shops, luxury gyms, schools and medical facilities, but it is located within close proximity and easy access to public transport nodes, highways and the Gautrain station. All major drawcards for SA’s affluent!   It also hosts many multinational corporations and businesses, like the JSE, catering to corporate individuals and executives from all over the world, which bodes well for buy-to-let investors targeting the corporate market.   The demand for quality property in the CBD far outstrips supply, but limited space for new developments has forced developers into the bordering suburbs, and in turn investors and tenants too. This isn’t the only reason for the development-boom in neighbouring districts! Working professionals want the best of both worlds – the lifestyle and convenience without the traffic congestion and overcrowding. With this in mind, many tenants prefer areas like Rivonia, Illovo, Athol, Houghton and Parkmore, which are as highly sought-after and as expensive as the CBD! Location will continue to be a key driving factor in the success of Northern property investment.   Yield potential for quality residential property in Sandton remains positive, whether you’re looking to buy in the CBD or adjacent areas. Johannesburg North is a positive choice for buy-to-let property purchases. </body> </html>","category":"News","createdAt":"2016-02-23T08:43:00Z","publishedAt":"2016-02-23T08:43:00Z","summary":"Location, location, location! The age-old mantra still rings true. Location remains one of the leading factors affecting a property’s investment potential and success","title":"High Demand for Property in Johannesburg North","updatedAt":"2020-12-03T11:38:46.992Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_03_11_38_46_758.jpeg","tags":["property investment","buying property","property advice","advice for landlords","advice for buyers"],"url":"high-demand-for-property-in-johannesburg-north-23-02-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"cbe854ada7fd4efdbb7ffa1a83adaacf","body":"<!DOCTYPE html> <html> <head> </head> <body> Quality rental stock is in high demand and short supply. Majority of agencies & landlords process applications on a first-come-first-served basis - For prospective tenants this means that when you find the right property valuable time should not be wasted in getting your rental application documents in order. Knowing what is required beforehand will allow you to always be prepared, should you wish to apply for a property at the viewing or soon afterwards.   The following information & documentation is required for prospective tenants wishing to rent the property and sign the lease agreement in their own name. If you and your partner/spouse/roommate wish to sign the lease agreement, both applicants need to provide the documentation listed below. <ul style=\"list-style-type: disc;\"> <li> A copy of your ID or Passport. In the case of foreign nationals, a copy of work/residence permit is required. </li> <li> 3 months most recent bank statements </li> <li> Most recent payslip or proof of employment </li> <li> Proof of current residential address dated within 3 months of the date of application </li> <li> A copy of your employment contract if you’ve been employed for less than 3 months or are due to start a new job/position </li> <li> Your own personal information & that of your spouse/partner or other occupants residing in the property with you </li> </ul> Contact Information for <ul> <li> Yourself & that of your spouse/partner/other occupants </li> <li> Your current landlord or the estate agent managing the property </li> <li> Your employer’s details for employment confirmation </li> <li> A next-of-kin member not residing with you </li> </ul> </body> </html>","category":"#AskEtchells","createdAt":"2016-02-10T05:58:00Z","publishedAt":"2016-02-10T05:58:00Z","summary":"Quality rental stock is in high demand and short supply","title":"What Information & Documents are required for a Rental Application? #AskEtchells","updatedAt":"2020-12-03T11:46:16.584Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_03_11_46_16_178.jpeg","tags":["advice for tenants","property advice"],"url":"asketchells/what-information-and-documents-are-required-for-a-rental-application-asketchells-10-02-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"304b84c315374a26b830d0bb8a16af88","body":"<!DOCTYPE html> <html> <head> </head> <body> Rising safety and security concerns amongst South Africans has driven the demand for homes in gated estates and community living through the roof. Security remains a top priority and is the most notable reason for buying in a gated estate.   Lightstone stated that over 80% of properties sold in 2015 were in gated communities. With crime statistics as high as they are, buyers want the peace-of-mind that access control, perimeter monitoring and 24-hour security affords.   But safety is not the only factor; estate living offers an exclusive and upmarket community lifestyle boasting many highly attractive features; such as swimming pools, tennis and squash courts, parks, gyms, clubhouses and even golf courses. Residents are expected to adhere to rules and regulations governing speed on the roads and conduct within the estate; a significant advantage to families with children and pets.   With the increased stress of modern life and a growing need for comfortable, stress-free surrounds - estates offer all the perks of a quiet, suburban life in the middle of the city.   The property value of homes in an estate is significantly higher than freestanding residential homes – privacy and security driving the prices up! This said, with the move towards estate living gaining momentum, property developers are meeting the high demand for affordable homes in a gated estate by also catering to the middle-income bracket. Opening up this exclusive sector to a broader income bracket has bettered the return on investment as there are more hopeful homebuyers entering the market. Buying in a secure estate is a viable investment prospect!   Many prominent gated communities are conveniently located within close proximity to major transport nodes, shopping centres and schools, increasing their demand and value further.   Another advantage to living in an estate is that upkeep and general maintenance of communal facilities is overseen by the Homeowner’s Association. Should the need arise for major repairs, resources are pooled in a special levy that can be paid in one sum or as an instalment – sharing the cost between homeowners.   In certain estates, layout and style of individual homes are restricted by architectural guidelines, limiting external individuality. However most estates boast properties that are modern and up-market in design; appealing to buyers looking for attractive property with the added benefit of being low maintenance.   Before buying in a gated estate, consider the following; Review a copy of the financial account, as well as the estate rules and regulations. This can be sourced from the Homeowner’s Association and is vital in determining whether or not the scheme is professionally run and financially secure. Readily available funds and financial reserve ultimately determine a scheme’s good-standing. The conduct rules will clarify the estate’s position on pets, parking, noise and residents’ use of communal facilities.   Ask the estate agent or seller for past levy statements. Determine how and when levies are to be paid, as well as what inflation-related increases can be expected. Levies usually cover rates and taxes, security, communal water, gardening services, maintenance etc; whereas special levies are often raised to finance major repairs and maintenance deemed necessary. Take note of how often these are charged as this is often a clear indication as to the financial standing of the scheme.   Note the general state of the infrastructure, gardens and other communal facilities and the standard at which it’s maintained. Raise any concerns with the estate agent or seller.   As security is of the utmost importance in a gated community, ensure that the access control, perimeter monitoring, electric fencing and all other security arrangements meet your required standards.   There are many noteworthy advantages to living in an estate - it’s no surprise that security estates are in demand and on the rise in South Africa. </body> </html>","category":"Eco and Social","createdAt":"2016-02-09T11:11:00Z","publishedAt":"2016-02-09T11:11:00Z","summary":"Rising safety and security concerns amongst South Africans has driven the demand for homes in gated estates and community living through the roof. Security remains a top priority and is the most notable reason for buying in a gated estate","title":"Security Estates in High Demand","updatedAt":"2020-12-03T12:04:23.843Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_03_12_04_22_984.jpeg","tags":["home and garden","property advice"],"url":"eco-and-social/security-estates-in-high-demand-09-02-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"294c02c496474b2fadd0a10f3ebf9927","body":"<!DOCTYPE html> <html> <head> </head> <body> Transfer Duty is the tax that a purchaser (person, company, closed corporation or trust) pays based on the value of the property sold. The Transfer Duty is usually paid to SARS by the Conveyancer who pays on the purchaser’s behalf, and as of 1 March 2015 is as follows: Property Value & Transfer Duty Rate <ul> <li> 0 – R750 000 : 0% (exempt from transfer duty) </li> <li> R750 001 – R1 250 000 : 3% of the value above </li> <li> R1 250 001 – R1 750 000 : R15 000 + 6% of the value above R1.25mil </li> <li> R1 750 001 – R2 250 000 : R45 000 + 8% of the value above </li> <li> R2 250 001 and above : R85 000 + 11% of the value above R2.25mil </li> </ul> \"The new rates eliminate transfer duty on properties below R750 000, while the rate on properties above R2.25 million will increase.” Nhlanhla Nene Finance Minister 2015 </body> </html>","category":"#AskEtchells","createdAt":"2016-02-05T07:28:00Z","publishedAt":"2016-02-05T07:28:00Z","summary":"Transfer Duty is the tax that a purchaser (person, company, closed corporation or trust) pays based on the value of the property sold","title":"What is Transfer Duty? #AskEtchells","updatedAt":"2020-12-03T12:09:04.733Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_03_12_09_04_530.jpeg","tags":["property advice","buying property","advice for buyers"],"url":"asketchells/what-is-transfer-duty-asketchells-05-02-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"8aed3231897c4d25b46b99245bd216b0","body":"<!DOCTYPE html> <html> <head> </head> <body> You may be one of the many South African’s looking to buy and own your first home. Taking the plunge and moving from renting to buying is both an exciting and daunting task, but aspirant home-owners in today’s economic climate are faced with the harsh realities of impaired credit records and personal debt.   A rise in living costs and strained economic conditions have resulted in fewer and fewer bonds being granted by the banks; this due to many of the applicants either unable to afford the bond repayments and other costs involved in home buying, or having an impaired credit record and a history of poor credit performance. Recent figures released by ooba indicate that almost half of employed bond applicants are declined on a monthly basis. This leaves the vast majority of hopeful home-owners with no other option but to continue to rent – essentially paying off someone else’s bond rather than their own.   Financial institutions/banks have set in place strict lending criteria to prevent individuals from defaulting and falling into debt. The banks require a deposit, proof that the buyer is able to afford the bond instalments and all other future costs concerning the property, and a positive financial track record. Banks will not grant a home loan if the applicant has a history of poor credit, which is an unsurprisingly high amount of South African consumers considering today’s tough financial climate.   Another possible pitfall in securing a home loan is that consumers are finding that the banks’ require a deposit that is higher than what they can afford. 100% loans are few and far between, and applicants are struggling to come up with a significant enough deposit to either assist in their bond application or meet the bank’s deposit requirement in order to go ahead with the approval of the loan. A rise in living costs and interest rates has forced South Africans to be more conscious of their income vs expenses.   The banks have not necessarily become stricter – the consumers applying for home loans appear to no longer be able to meet the affordability assessment employed under the National Credit Act (NCA).   The National Credit Act requires all credit providers to conduct a credit risk evaluation on the individual seeking to enter into a credit agreement. Credit providers should ensure that applicants read through and fully understand the credit agreements, as well as the risks and costs involved and the applicant’s repayment obligations going forward. The credit providers assess the applicant’s credit/financial history recorded by a registered credit bureaux and whether the applicant has the financial means to service their loan repayments. This takes into account; <ul> <li> Income </li> <li> Expenses </li> <li> Past credit repayments </li> <li> Debt and debt repayments </li> <li> The reason for the credit transaction </li> </ul> As well as other personal information such as the applicant’s age, marital status, residence and employment. Quite simply a bank will review the consumer’s income earned on a monthly basis less their expenses. The amount left over is seen as what’s available to pay the bond. They are then able to make an informed decision as to whether the credit should be granted to the applicant.   Aspirant home-owners should work towards establishing a good credit rating as visible proof to the bank that he/she is able to pay the bond repayments in full and on time every month. Their performance over their lease period can be used to convince a bank of their creditworthiness and affordability, in essence strengthening their credit record.   Committing to repay debt in regular instalments, prioritising credit repayments and monthly essentials, and consistent and accurate budgeting are some positive examples that demonstrate that the applicant is dependable and disciplined in their payment habits.   It appears that bond applicants will continue to find it difficult to attain home loans over the next year due to personal financial constraints and the economic climate as a whole.   Consistent and conscious positive performance in credit repayment and spending habits will go a long way in reassuring the credit provider of an applicant’s repayment behaviour. </body> </html>","category":"News","createdAt":"2016-02-04T08:13:00Z","publishedAt":"2016-02-04T08:13:00Z","summary":"You may be one of the many South African’s looking to buy and own your first home","title":"Why the Banks aren't granting Bonds","updatedAt":"2020-12-03T12:13:58.356Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_03_12_13_57_934.jpeg","tags":["advice for buyers","property advice","buying property"],"url":"why-the-banks-aren-t-granting-bonds-04-02-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"d3d004195abd40e5ac156670d33d5c0c","body":"<!DOCTYPE html> <html> <head> </head> <body> A number of factors continue to impact the South African property market in 2016, following a tough year both economically and politically. Rising interest rates, a weakened rand and the drought’s dreaded affect on the cost of local food supply have put the national economy under significant pressure.   The SA Reserve Bank’s policy to contain inflation and keep the CPI within the 6% target guarantees interest rate hikes throughout the year; the prime lending rate now standing at 10.25% after the SARB's Monetary Policy Committee meeting on Thursday. This increased cost to credit places South African consumers under mounting pressure; especially homeowners with high home loan repayments and first-time buyers looking to enter the market.   House prices in real terms are expected to take a knock due to a fall in the number of property sales and transfers – this is a result of reduced mortgage affordability and stricter lending criteria.   It puts terrible pressure on the buying-selling market; as sellers are forced to make desperate sales and low-to-middle-market prospective buyers are removed from the market completely.   Despite this, the housing market continues to witness positive buying activity, particularly at the lower end of the market. There are a number of reasons for this, namely; household financial pressures and stricter lending criteria by mortgage lenders will force aspirant home buyers to adjust their expectations and buy in the lower range. This translates to a higher demand for properties under R1.5 mil, and in particular - sectional title properties. With crime statistics as high as they are, more South Africans are seeking the safety and convenience of security and lifestyle estates. Major metropolitan areas continue to establish sectional title developments offering affordable, low-maintenance, security-conscious living.   Sectional title homes still hold capital growth appeal for investors and will continue to do so in the coming year.   Although the forecast for the property market in 2016 is subdued, buyers and sellers alike should focus on living within their means, saving and lowering debt in preparation for the coming year and its challenges. On a positive note, the forthcoming difficulties will ensure South Africans are more conscious of preserving and establishing a healthy household financial position. </body> </html>","category":"News","createdAt":"2016-02-01T07:08:00Z","publishedAt":"2016-02-01T07:08:00Z","summary":"A number of factors continue to impact the South African property market in 2016, following a tough year both economically and politically","title":"Forecast for Property Market 2016","updatedAt":"2020-12-03T12:19:13.245Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_03_12_19_12_589.jpeg","tags":["property advice"],"url":"forecast-for-property-market-2016-01-02-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"8513764ff4b04f509b0ef1734c8a6cf5","body":"<!DOCTYPE html> <html> <head> </head> <body> A Credit Score is the numerical information recorded on an individual’s bureau credit report. The comprehensive credit and rental history information is gathered from one (or more) of fourteen credit bureaux registered with the National Credit Regulator and is used by financial institutions to assess and determine an individual’s affordability and creditworthiness.   Landlords and agents use the credit score and report to thoroughly screen potential tenants in order to choose the best prospect for their property. Paying your installments on time and in full positively influences your credit score and establishes a good credit rating, whereas defaulting on your monthly payment commitments has a negative impact on your overall creditworthiness.   <blockquote> “The essence of an investment in real estate is a good tenant. A good tenant in a bad location will always produce better returns than a bad tenant in a good location.” </blockquote> Michelle Dickens  - Managing Director of TPN </body> </html>","category":"Tips for Tenants","createdAt":"2016-01-28T10:21:00Z","publishedAt":"2016-01-28T10:21:00Z","summary":"A Credit Score is the numerical information recorded on an individual’s bureau credit report","title":"What is a Credit Score?","updatedAt":"2020-12-03T12:22:48.775Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_03_12_22_48_181.jpeg","tags":["property advice","advice for tenants"],"url":"tips-for-tenants/what-is-a-credit-score-28-01-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"06fdeb210acd40d88bb2deec31f75960","body":"<!DOCTYPE html> <html> <head> </head> <body> If you made a conscious decision to improve yourself or an aspect of your life on the 1st of January then you’re among hundreds of thousands of people setting New Year’s resolutions and goals.   What better way to start a new year than committing to targets that will positively affect your life or the lives of those around you, in particular, those surrounding your financial wellness.   Is your number one New Year’s resolution to own a home? If yes, your top priority this year should be financially fit! The current economic climate may seem daunting, but with the correct planning and preparation in place the home-buying process will become a lot easier to navigate and manage. Particularly for apprehensive first-time buyers applying for a home loan!   Forget dieting, dedicate yourself to financial discipline! Aspirant homeowners are encouraged to strengthen their purchasing power by actively improving their credit profile in the eyes of a financial institution. This can be done in a number of different ways and will ensure that you are in the best position possible to have your bond approved.   A significant factor affecting bond approval is the applicant‘s disposable income. This is the amount of money a person has available to spend after expenses have been deducted. Financial institutions will thoroughly asses the applicant’s financial strength, affordability and commitment to repayments; all of which can be improved by maximising and stabilising their disposable income. Examples of this are paying credit cards bills, installment payments and rent on time and in full every month, settling debt quickly and living beneath your means, as opposed to within them to allow for saving.   Banks will also consider the applicant’s overall career security and the stability of their position against the industry average. When filling out your application, ensure your earnings reflect correctly on the payslips you submit and that all documents and supporting information is accurate and in order beforehand – this is invaluable to the approval process. Whether or not you are SARs compliant also has an effect.   Prioritise your expenses so that those of highest importance are paid first, such as your home loan and credit card bills. Wherever and whenever possible pay more than what is required of your monthly installment so as to settle your accounts faster; the longer you take to pay off an installment, the more you end up paying on interest. It goes without saying then that even a small additional amount paid every month will make a surprisingly large difference in what is owed. Banks will look favorably on this.   Although seemingly tedious, accurate budgeting is essential to purchasing a home and should ideally be done before viewing potential properties. The home-buying process begins with determining what you want in terms of what, where and when. Budgeting refines this with regard to what you can afford both in the short and long term.   A comprehensive budget should clearly outline monthly bond repayments and household expenses suchas food and utilities, taking into account initial costs related to home-buying like transfer costs, interest, attorney fees and insurance. This is of great benefit to home loan applicants both in terms of personal financial peace-of-mind and in the home loan process. Banks assess an applicant’s money management ability and their commitment to a preset budget.   Commitment to your financial goals should motivate your performance and ability to stick to them!   Another healthy financial habit to adopt this year is to commit to saving 5-10% of your monthly net income. As to purchasing a property, the savings can go towards the deposit, transfer costs or other unexpected expenses that may crop up along the way.   Arriving with a bond pre-approval in hand from an accredited bond originator or financial institution will strengthen your offer to purchase. Although it won’t guarantee a granted bond, it is a good indication of what you’re able to comfortably afford. There are many online tools and applications available for you to determine the loan amount you qualify for.   Being mindful of what you’re spending your money on and how much you’re spending do not necessarily mean depriving yourself of things that make you happy; however, should you wish to apply for a home loan, your single most important goal for 2016 should be to exercise financial discipline and in doing so, strengthen your purchasing power. </body> </html>","category":"Eco and Social","createdAt":"2016-01-15T08:32:00Z","publishedAt":"2016-01-15T08:32:00Z","summary":"If you made a conscious decision to improve yourself or an aspect of your life on the 1st of January then you’re among hundreds of thousands of people setting New Year’s resolutions and goals","title":"New Year's Resolution #1: Get Financially Fit!","updatedAt":"2020-12-03T12:42:15.238Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_03_12_42_14_847.jpeg","tags":["advice for buyers","advice for tenants"],"url":"eco-and-social/new-year-s-resolution-1-get-financially-fit-15-01-16","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"59026fde73924ddfab2876ccc483b349","body":"<!DOCTYPE html> <html> <head> </head> <body> The repurchase rate, otherwise known as the repo rate, is the official interest rate that the South African Reserve Bank (SARB) charges commercial banks in the private sector (such as ABSA, Standard Bank, Nedbank and FNB) to loan money to them. The banks then charge a higher interest rate, known as the prime lending rate, to clients looking to borrow money from them in order to make a profit.   It was announced at the Monetary Policy Committee (MPC) meeting in January that the repo rate would remain steady at 5.75%, with the prime lending rate on home loans at 9.25%.   The repo rate had remained unchanged since the 25 basis points (bps) rate hike in July of last year – the MPC kept the borrowing costs unchanged in an effort to relieve pressure on an economy weakened by electricity supply constraints and strikes. In July of this year it was raised by 25bps, and at the SARB November meeting the repo rate was hiked a further 25bps to 6.25%. The prime lending rate was also increased to 9.75% from 9.5% in July. This was said to be a result of an increase in inflationary pressures.   Growth and inflation outlooks for 2016 and 2017 have subsequently deteriorated due to a significant increase in the risk factors affecting the forecast. Drought conditions in major food-producing areas have worsened, causing uncertainty and alarm at the prospect of having to import food staples next year, raising food prices. Rising electricity costs and a weakening rand have further subdued economic growth.   Conclusively, the interest rate hike, although ill-timed, was not entirely unanticipated given the state of the economy and other contributing factors.   How will the Rate Hike affect the Property Market? Stability is vital and balance within the market is of the utmost concern. A steady repo rate builds and retains confidence in the residential housing market, whereas hiking cycles adversely affect consumer confidence and affordability.   Up until this point home-buyers and investors have taken advantage of the relatively low interest and inflation rates by acquiring home loan finance at affordable costs of credit, which have supported growth in property sales.   The property market has continued to reflect stable recovery and growth in residential property values, particularly in high-demand areas, over the last few years amid mounting economic pressures. It remains one of the few sectors achieving overall balance. All the same, the rate hike has come at a bad time! The festive season is around the corner and with rising costs, reduced affordability and poor consumer confidence, the repo rate hike is sure to reflect a decrease in the volume of sales transactions and the demand for rental property in the coming months, especially in the higher price bracket.   The decision to increase the repo rate is predicted to have the greatest impact on consumers already under financial strain due to increased debt levels and a rise in food, electricity and petrol costs.   Affordability issues have had an obvious influence on the decline in consumer confidence regarding the property industry. Prospective homebuyers requiring access to home loan finance are left no other option but to continue to rent as proposed bond repayment instalments become more and more unaffordable. Home loan finance isn’t the only credit affected; credit on personal loans, microloans and credit cards will become more expensive.   Consumers who are unable to secure bond finance fuel the demand for rental property – this remains good news for buy-to-let investors!   Mortgage-dependent homeowners, on the other hand, may find themselves in a position where they are forced to sell in order to downscale due to financial pressures. Oftentimes this hasty approach can jeopardise their investment returns, but taking into account the residential stock shortage and using it to their advantage places sellers in a good position to get their asking price.   The worst affected will be those just getting by as it is.  Nevertheless, those in the financial position to rent or buy will continue to do so – supporting the sustained demand for quality property and driving an increase in house prices; this despite the increase in the interest rates affecting their monthly bond repayments. Stock shortages continue to dominate the housing market as demand for correctly-priced property far outstrips supply.   All homeowners and prospective property buyers are encouraged to be responsible in their spending and diligent in their saving. The overall forecast for 2016 & 2017 does not promise a quick recovery; however the property market has demonstrated its resilience in recent years and continues to do so. </body> </html>","category":"News","createdAt":"2015-12-04T07:42:00Z","publishedAt":"2015-12-04T07:42:00Z","summary":"The repurchase rate, otherwise known as the repo rate, is the official interest rate that the South African Reserve Bank (SARB) charges commercial banks in the private sector (such as ABSA, Standard Bank, Nedbank and FNB) to loan money to them...","title":"November Repo Rate Hike impacts Property Market","updatedAt":"2020-12-03T12:46:19.221Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_03_12_46_18_533.jpeg","tags":["buying property","property advice","advice for buyers"],"url":"november-repo-rate-hike-impacts-property-market-04-12-15","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"aeb6d0f19e594dccbbe1596327214fb6","body":"<!DOCTYPE html> <html> <head> </head> <body> South Africa has experienced a prolonged period of lower-than-normal rainfall over the last year which has aggravated the country’s drought situation to disaster status in certain provinces. SA faces a seemingly insurmountable challenge of meeting water demand in the near future. A combination of typically low-levels of highly variable rainfall – made worse by climate change and global warming – limited underground aquifers, aging infrastructure and a significant dependence on neighbouring nations for water transfer has resulted in water shortages across the nation.   The worst affected areas are Kwazulu-Natal and the Freestate, as well as southern parts of Mpumalanga, some parts of Limpopo, the North West and Northern Cape provinces. 18% of the national population is currently affected in various degrees of severity – across all domestic, agricultural and industrial sectors. Drought relief interventions and water restrictions are being implemented in an attempt to reduce water consumption and increase water provision.   The Government seeks to improve the supply of water as well as restore old infrastructure and construct new public water supply schemes with both short term and long term goals set to relieve the water shortage crisis.   In acknowledgment President Jacob Zuma recently stated that “South Africa is rapidly growing into a water-scarce country.” Understandably this has sparked apprehension and fear amongst South Africans with there being no substitute for this life-giving resource.   South Africans have been warned to use water responsibly and sparingly, and to reduce water consumption as much as possible. Whether you’re a simple or serious saver, here are some budget and eco- friendly tips and tricks to help reduce water usage: <ul> <li> Be proactive by monitoring your water use - regularly check your water meter. You can check for hidden leaks by monitoring the meter before and after an hour period where no water has been used. The meter should read the same. </li> <li> Fill the kettle to the level needed. This will not only save water but reduce electricity costs. </li> <li> Use a plugged sink to rinse fruit and vegetables or to defrost meat instead of running them under water. The water used can then be repurposed to water your garden or even flush your toilet. </li> <li> When washing dishes use less dishwashing liquid as this will reduce the amount of water needed to rinse. If you have a dishwasher only turn it on once it’s completely full. </li> <li> Reduce how often you wash towels and linen as these use a significant amount of water. As a rule of thumb when doing laundry always match the load with the water volume. </li> <li> Turn off the tap while brushing your teeth, shaving or soaping your hands. Once you’re finished tightly close the tap - one drop of water a second wastes an estimated 10220L of water a year. </li> <li> Aerators and flow-reducing valves conserve water and reduce energy costs by limiting the water through the faucet. These can be attached to taps or showerheads with little effort. </li> <li> Insulate hot water pipes to reduce the time and water wasted waiting for the water to heat up. A geyser blanket for insulation is also a good investment. </li> <li> Take shorter showers, and shower instead of bath. If you prefer to bath use less water. The water used to bath can then be repurposed to water your garden. </li> <li> Flush the toilet only when necessary. An average of 9-11L of water is used per flush. Installing a dual-flush mechanism is a great way to reduce water usage. </li> <li> Make sure that the toilet handle is in the upward position otherwise the water will continue to run, and ensure that the toilet cistern is not filling after every flush. </li> <li> Water your garden at the coolest part of the day with a handheld hose, preferably in the morning before 6AM as a large amount of water is lost to heat and wind. Watering in the evening may invite fungus and mildew into your flower beds. </li> <li> Group and water plants according to their water requirements. A substantial amount of water can be saved by planting only indigenous water-wise plants. Most South African plants are naturally drought-hardy, whereas exotic are water- and space-guzzlers. </li> <li> It’s tempting to over-water your garden in an attempt to save what’s dry and dying. Not only is this completely unsupportive to the livelihood of your plants but a shocking 30L of water is wasted per minute of overwatering. Water deeply and less frequently. </li> <li> Wash your car with a bucket and sponge instead of the hose. When using a hand-held hosepipe ensure that it has a self-closing nozzle or that you turn it off when not in use. </li> </ul> Even small adjustments can result in a big change! Together South Africans can make a significant difference in responsibly using and conserving water! </body> </html>","category":"Eco and Social","createdAt":"2015-11-24T11:05:00Z","publishedAt":"2015-11-24T11:05:00Z","summary":"South Africa has experienced a prolonged period of lower-than-normal rainfall over the last year which has aggravated the country’s drought situation to disaster status in certain provinces","title":"Simple Ways to be Water Wise in SA","updatedAt":"2020-12-03T12:47:47.689Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_03_19_06_30_200.jpg","tags":[],"url":"eco-and-social/simple-ways-to-be-water-wise-in-sa-24-11-15","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"b87b361f6dd44c1ba89259c551e730f1","body":"<!DOCTYPE html> <html> <head> </head> <body> The festive season is just around the corner and holidaymakers are preparing for a well-deserved year-end break following another busy year.  Whether your final destination is the beach, bush or mountains what matters most is that your home remains safe and secure while you’re away.   Statics show that there is a noticeable increase in the amount of home burglaries over December and the months leading up to it. This is because criminals rightly assume that people will be away and that neighbourhoods are quiet over this time, making your home an easy target if it is not properly secured.   It is well worth the time and expense spent to ensure that your home is fully secured this festive season. Follow these simple, preventative measures for peace of mind: <ul> <li> Alert your trusted neighbours or friends of your departure and when you’ll be returning, and make certain that they have emergency contact numbers for you and those travelling with you. </li> <li> If you have a security company such as ADT patrolling your area notify them of your departure and ask them to keep a close eye on your property during your absence. </li> <li> Closely inspect the locks and latches on all windows and doors, making sure they are secure and in good working order. Close and lock the windows and doors before you leave, and if possible install burglar bars and security gates as an added security measure. </li> <li> Remove keys from inside the doors, under the doormats, above the doorframes or other “secret spots”. </li> <li> An important thing to remember is that insurance policies will often times become invalid should the alarm system not function properly. For this reason check and test your alarm system on a regular basis, and especially before you leave to avoid leaving your home vulnerable and the possibility of a rejected claim. The alarm system should cover all areas of the property for maximum protection. </li> <li> If you’re in the financial position to do so, install a CCTV system and reliable software that connects remotely to your cellphone or laptop via the internet. Visible cameras will deter criminals and help you keep an eye on your precious home. </li> <li> It’s a good idea to leave the radio on to deceive potential burglars; however, do not leave out-of-town messages on your postbox, front door or voicemail. Arrange that someone collects and clears all post from your driveway and mailbox. Should you have a newspaper delivering service, cancel that for the period you are away. </li> <li> Leaving your lights on day and night is a clear indication that no one is home. Alternatively install and set electronic timers on interior and exterior lights so that they turn on and off at appropriate times of day. Good outdoor lighting is a definite benefit; exterior motion sensor lights will switch on when they detect movement and activity which should discourage burglars of entering and alert neighbours to any unusual behaviour. </li> </ul> Increase your home security measures and remain vigilant over this holiday period to avoid the emotional and financial stress of coming home to a burgled house. Taking these simple, preventative steps before you set off will give you the peace of minded needed to relax and enjoy your well-deserved break. </body> </html>","category":"Eco and Social","createdAt":"2015-11-20T05:11:00Z","publishedAt":"2015-11-20T05:11:00Z","summary":"The festive season is just around the corner and holidaymakers are preparing for a well-deserved year-end break following another busy year","title":"Home Security Tips for the Holidays","updatedAt":"2020-12-03T12:51:12.672Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_03_12_51_12_235.jpeg","tags":["home and garden"],"url":"eco-and-social/home-security-tips-for-the-holidays-20-11-15","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"d799c241bec74edeb03a18141d60f8fb","body":"<!DOCTYPE html> <html> <head> </head> <body> South African consumers are experiencing the financial repercussions of a slow inflation rate and weakening economy, and it is particularly evident in the property market. The average age of first-time buyers is significantly higher than it was twenty years ago. One reason is that aspirant home-buyers can’t afford a large-enough deposit or are unable to qualify for bonds, thus forcing them to remain in the rental market for longer than they planned to. Another is that buyer confidence in the property market is at an all-time low due to external economic pressures, leaving them reluctant to purchase property until positive upward change is clearly evident. These, in conjunction with high levels of debt and a tendency to settle-down later, have largely contributed to many first-time buyers taking a very conservative approach to buying.   This is not necessarily a bad thing. Buyers, whether first-time or seasoned, can avoid the implications of financial over-commitments by being financially and mentally prepared before putting pen to paper. So how does this apply to you as a buyer in today’s market?   The most important thing to consider is whether you’re in the financial position to purchase the property - not only now but should your current circumstances change in the future.   Determining your financial standing in respect to all known homeownership costs is essential to making a knowledgeable decision on a home that is both affordable and payable over a long-term loan period. In order to make an informed decision calculate your income and expenditure along with the deposit and transaction costs, preferably before your house-hunting begins. Going into your home search fully aware of the costs will give a good indication of what you can realistically and comfortably afford, and will reduce the chance of affordability-related disappointments later on.   Carefully consider all the costs  For example, the bond repayment cost, the transfer costs including transfer duty on property valued at more than R750 000, the conveyancer’s fees and rates clearance certificate fees - as well as bond registration costs. Be mindful of others such as interest rates charged by the bank, rates and tariffs, insurance, furniture removal costs, repair, general maintenance and occupational rental should occupation be taken before registration of transfer into the buyer’s name.   A reputable estate agent should provide all relevant information pertaining to the property - such as rates and taxes, levies if applicable and the average cost of water and electricity – which is why selecting an agent that is experienced in the sale and registration process is of the utmost importance. Some agents will go so far as to provide the bond repayment cost on the full asking price of the property during the initial viewing to give potential buyers an idea of their monthly instalments. The more information you have, the better equipped you will be in making a final decision.   Preparing for the unexpected will limit possible financial strain should ill health, home repairs or sudden interest rate hikes come into play. For this reason, set aside a contingency fund, taking into account and making provision for any of the hidden costs of homeownership to avoid potentially crippling over-commitments. In short, be responsible and thorough in determining your budget.   Additionally, it’s a huge advantage to obtain a mortgage bond pre-approval from your bank prior to house-hunting. Not only will you know what you can afford and what the bank will likely grant you, but any offer made on the strength of your pre-approval will likely be more seriously considered, placing you in a better position with the seller.   Although it goes without saying, research the area you hope to buy in and surrounding amenities as this has a considerable impact on the property’s potential appreciation and resale value. Pay close attention to the property’s proximity to good schools, public transport routes, medical facilities and shopping malls as these will have a positive effect on its value, likewise note any possible drawbacks such as construction sites and power stations as these could potentially decrease its value. Keep in mind that the property should first and foremost meet your current needs rather than those of a future resale.   Whether or not you’re new to the market, being thorough in your preparation and realistic in your budget planning will significantly benefit you in the purchase and securing of your new home. </body> </html>","category":"Tips for Buyers","createdAt":"2015-11-09T08:56:00Z","publishedAt":"2015-11-09T08:56:00Z","summary":"South African consumers are experiencing the financial repercussions of a slow inflation rate and weakening economy, and it is particularly evident in the property market","title":"Advice for Buyers in Today’s Economic Climate","updatedAt":"2020-12-03T12:56:42.608Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_03_12_56_42_358.jpeg","tags":["advice for buyers","buying property","property advice"],"url":"tips-for-buyers/advice-for-buyers-in-today-s-economic-climate-09-11-15","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"82db95e1336b4b2ea25e077e9f7f0e09","body":"<!DOCTYPE html> <html> <head> </head> <body> Whether you're renting or buying, having a good credit record is essential to ensuring that your housing options are not limited. Registered Credit Bereaus, such as TPN, assist landlords and managing agents in screening prospective tenants by assessing their credit performance. This is done to determine whether they are likely to pay their rent in full and on time given their payment history, and is often the most important determining factor in selecting a prospective tenant. Landlords want to be assured that their investment is sound. For this reason, adopting good credit habits is a necessary improvement and one that doesn't require drastic life changes.   Pay in Full and On Time Be responsible and committed to improving your credit score by meeting your payment obligations. Pay your monthly installments in full on or before the due date every month. To avoid missing a payment and the late fees and judgments incurred, set up automatic payments or at the very least alerts to notify you that specific payments need to be made. It is important to remember that late payments will reflect on your credit report and future landlords will view them as poor credit performance. The same applies should you wish to apply for a loan. Prioritise your expenses so that those of highest importance are paid first, for example; rent, credit cards etc. Wherever and whenever possible pay more than necessary. This will reduce what you owe and serve to pay off the installments or debt faster. Taking proactive steps in settling your accounts will reflect well on your credit report and improve your credit score.   Credit Cards Although credit cards are useful for \"serious\" purchases, spending should be controlled and limited to necessities. Only buy what you are certain you are able to repay - in short know your borrowing and payback power, and commit to a payback plan with a set time frame. It's advisable to keep credit balances low. A good example to follow is to keep the balance below 30% of the card's limit, and not to max it out. Landlords and managing agents want to be assured that you are capable of exercising control in your spending and managing your financial situation. Regular statement reviewing will ensure that you remain on top of your spending and committed to your payback plan.   Credit Accounts Avoid creating new debt by opening too many credit accounts and taking on more than you are able to pay back. Open new accounts only when necessary, and instead focus on repaying and closing your existing accounts.   Adopting healthy credit habits will positively affect your credit rating and better how future landlords see your credit performance. </body> </html>","category":"Tips for Tenants","createdAt":"2015-08-28T10:06:00Z","publishedAt":"2015-08-28T10:06:00Z","summary":"Whether you're renting or buying, having a good credit record is essential to ensuring that your housing options are not limited","title":"Healthy Credit Habits for Renters","updatedAt":"2020-12-03T13:03:09.997Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_03_13_03_07_903.jpeg","tags":["advice for buyers","buying property","advice for tenants","property advice"],"url":"tips-for-tenants/healthy-credit-habits-for-renters-28-08-15","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"69e65678e8644bb1b6188cac020678b7","body":"<!DOCTYPE html> <html> <head> </head> <body> In the previous entry, two alternative energy sources were briefly detailed; Namely, utilising solar energy and generators on a smaller scale within a household or small enterprise environment.   The following sources of energy are employed on a much larger scale and are at present being investigated to combat the significant energy shortage experienced in South Africa, where an estimated 10 million South Africans are currently without access to energy.   Natural Gas (Hydraulic Fracturing) Although estimates vary, it is believed that South Africa has one of the largest recoverable shale gas deposits in the world, located in the Karoo area. Explorations into hydraulic fracturing, or “fracking”, came about as a result of years of commercial interest following the discovery of gas-bearing rock formations that hinted at the potential for shale gas extraction, as well as alternative energy creation strategies being investigated to solve the growing energy crisis. The discovery and potential production of commercial and shale gas is seen as a breakthrough in the gas and oil industry for South Africa.   Essentially, the process of extracting the natural gas from the shale rock layers involves fracturing the solid layers that trap it. This occurs by drilling deep boreholes into the rock to access the shale deposits and pumping immense quantities of water and chemicals at high pressure into the cavities. The high-pressured solution fractures the rock, releasing the shale gas.   Proponents feel that in conjunction with significant capital investment and a budget large enough to maintain infrastructure, fracking could have immense economic benefits for the country and yield profitable returns. Although economic recover-ability is difficult to predict without further evidence and investigation into the real costs of extraction vs the wholesale price fetched for natural gas, shale gas is a cleaner, cheaper and less environmentally damaging energy source than coal.  Between 85 and 90% of South Africa’s electricity is generated from coal. Utilising shale gas as an additional fossil fuel would eventually reduce the need for coal and oil, lowering harmful greenhouse emissions and providing a more sustainable energy solution. The venture could have a positive impact on the high national unemployment rate with the creation of hundreds of thousands of jobs. But at what cost?   The extraction of shale gas could have a detrimental effect and cause irreparable damage to an already fragile ecosystem under threat. The greatest concern is the impact that the entire operation will have on the biodiversity of the region, the groundwater reservoirs, viability of agricultural land and food production, local water supply and significant cultural disturbances within the local population. There has been momentous protesting against the shale gas explorations proposed by various oil companies, and heated debates continue on the subject. If the exploration results provide worthwhile benefits, environmental impacts will be assessed before commencement. Alternative, less damaging solutions to the energy shortage are currently being investigated.   Wind Turbines Wind power is recognised as one of the fastest growing sources of renewable energy in the world. It is believed that wind turbines can produce enough energy to power between 150 and 400 households, which would alleviate a significant amount of pressure off the national grid.   It is a safe, pollution-free, cost effective energy source that is considered a sustainable alternative to current fossil fuels such as coal and oil. Fossil fuels are one of the main contributors to the global warming crisis as they produce harmful greenhouse gasses. This “green” electricity source produces minimal noise pollution and no toxic pollutants, and is considered renewable because it can be regenerated indefinitely.   The wind is converted from kinetic energy into electricity by use of a wind turbine. Wind propels the three blades of the turbine, known as rotors, into action which in turn powers a generator. The generator converts the wind energy into electricity. The main concern for wind turbines is their visual impact. On average, the turbines are up to 20m tall due to wind speeds increasing with altitude and in the absence of windbreaks. Although their environmental impact is low, they require large, open areas such as shorelines and open plains to optimally utilise wind strength – an example being the commercial wind farms in the Western Cape.   There is rising concern that the turbines may have an impact on local bird populations, however further environmental assessments and investigations into migratory patterns before construction would greatly reduce this.   In Conclusion Opponents have stated that renewable energy is not viable or reliable, but with demand for energy as high as it is supply costs for renewable energy sources are already radically less than what they once were. The infrastructure and technology are in place, and South Africa’s climate supports the generation of renewable energy, particularly where solar and wind power are concerned. A combination of many different renewable energy sources will ensure that there will always be a sustainable supply of energy.   A gradual transition towards a combination of alternative energy sources will remedy the energy crisis by alleviating pressure on the national grid and improving the economy. </body> </html>","category":"Eco and Social","createdAt":"2015-07-20T07:02:00Z","publishedAt":"2015-07-20T07:02:00Z","summary":"In the previous entry, two alternative energy sources were briefly detailed; Namely, utilising solar energy and generators on a smaller scale within a household or small enterprise environment","title":"Alternate Energy Sources - Part 2","updatedAt":"2020-12-03T13:12:19.666Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_03_13_12_19_119.jpeg","tags":["home and garden"],"url":"eco-and-social/alternate-energy-sources-part-2-20-07-15","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"536f2ea4310347e5b1550834ac64810d","body":"<!DOCTYPE html> <html> <head> </head> <body> Over the last few weeks South Africa has experienced the harsh reality of a national power grid under immense strain. The energy crisis has resulted in rolling blackouts, the worst seen since 2008.   According to President Jacob Zuma, \"Government has identified energy security as the single most important challenge that must be prioritised and addressed effectively to jump-start our economy.\"   He stated that in the long term, the government was looking to develop a sustainable energy mix that included electricity, liquid fuels, coal, wind, hydro, nuclear, solar and gas. However, consumers have had to consider alternative energy solutions to ensure the smooth, uninterrupted running of day-to-day home and business operations. Many households and enterprises have already installed generators to contend with prolonged electricity cuts.    Generators: Although generators are a relatively cost-effective, short-term solution to the energy crisis experienced across the country; the cost of fuel is high, and the negative effects on the environment and climate even higher. As a temporary solution for energy stability a household generator is simple to set-up and easy to operate; however, the smaller generators used to power businesses and homes require a steady supply of petrol and in response only provide a limited supply of energy, due to the size of the fuel tank. With the petrol price currently as high as it is, and the inconvenience of having to ensure the petrol tank is always full, the cost of running and maintaining a generator for anything more than a couple of hours at a time becomes ludicrous. In conclusion, generators are noisy, produce exhaust gasses and require fuel, making them a temporary solution to load-shedding and nothing more. South Africa is lucky in that it is an extremely resource-rich country, where renewable resources are more plentiful and accessible. Although renewable energy sources are more expensive when compared to other non-renewable sources like coal and oil, an increased demand results in wider distribution. With the cost of electricity sky-rocketing to enable Eskom to recover revenue, many are realising that the more expensive the grid electricity gets, the more cost-effective, inexpensive and sustainable alternative energy sources, such as solar power, become.    Solar Power: Solar power is an alternative energy source that in recent years has been viewed more and more as a reliable and cost-effective electricity supply. Utilising solar power and reducing reliance on the grid is not only environmentally friendly, due to reduced use of natural resources and minimal energy wastage, but the South African climate also supports it. The solar panels can be installed almost anywhere with little effort as they are easy to set-up, manage and repair, and are able to store energy for use during power outages. Solar energy has spoken for itself as a durable and dependable resource, and many consumers are utilising solar power in part or full to meet their energy needs. Solar energy consumers feel that the benefits of utilising solar outweigh the cost. A country-wide investment into long-term alternative sources of energy would mean that electricity consumption would be reduced, placing less pressure on the national grid and essentially saving households and businesses the cost and frustration of continuous electricity price increases, fluctuating energy bills and load-shedding.   Stay tuned for Part 2 of Alternate Energy Sources   </body> </html>","category":"Eco and Social","createdAt":"2015-07-13T07:42:00Z","publishedAt":"2015-07-13T07:42:00Z","summary":"Over the last few weeks South Africa has experienced the harsh reality of a national power grid under immense strain. The energy crisis has resulted in rolling blackouts, the worst seen since 2008","title":"Alternate Energy Sources - Part 1","updatedAt":"2020-12-03T13:19:13.741Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_03_13_19_13_195.jpeg","tags":["home and garden"],"url":"eco-and-social/alternate-energy-sources-part-1-13-07-15","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"a88de2af0b49438591917633493945dc","body":"<!DOCTYPE html> <html> <head> </head> <body> The Regulation of Land Holdings Bill: On the 12th of February at the State of the Nations Address (SONA), President Jacob Zuma announced that he intends to bring forward to Parliament a new policy that seeks to limit foreign ownership of land in South Africa. Currently the weaker rand and lenient property laws make South Africa a prime destination for international investment, with an estimated 7% of land owned by foreign-nationals - the impact that the passing of this Bill is thought to have on property investment has caused widespread unease among industry professionals, both local and international.    What the proposed Bill entails: Should this Bill be passed, foreign-nationals (referred to as non-citizens) will no longer be able to own land in freehold. However, they will be eligible for long-term leasing of land for business use of between 30 to 50 years. According to the President there is no reason for this to negatively affect foreign investment in South Africa as it is an established practice among many other countries across the world. The amount of land a foreign individual owns will be closely regulated and more restricted, with a ceiling set at 12000 hectares per individual. Anything over and above this will likely be bought and redistributed by the government. However, according to the legislation, those foreign-nationals that have already acquired freehold will not have their tenure amended with the passing of the new law as this would infringe on their constitutional rights.   A Land Commission will carry out compulsory land holdings disclosures; the information disclosed will include race, nationality, gender, the amount of land owned and its use. These will be assessed and maintained in accordance with the national deeds registry. However, before being assented to by the President and Parliament, the proposed Bill will be sent to Cabinet for approval and then a process of open and extensive public discussion will take place on the matter, allowing for concerns to be addressed.    The main concerns regarding the Regulation of Land Holdings Bill: Leading industry professionals feel that the very nature of the Policy could have a negative effect on investor confidence due to an approach perceived as discriminatory - causing uncertainty among those who are considering South Africa as a potential investment destination. The main concern for the property sector is ensuring that economical growth is stable and long-term, and a large contributor to this is both domestic and international investment. The industry relies on confident investment in property for sustainable economic growth, and focus should be on promoting attractive investment potential in South Africa rather than introducing uncertainty and hesitation. Land allocation should be determined by whether its use will result in economical, social and environmental growth, and not an individual’s nationality.    In Conclusion: The President stated that a large percentage of land is being used for luxury and leisure purposes when it would be more beneficial to redress past injustices in the property market by re-purposing that land to those living in poverty for households and rural enterprises, as well as preserving limited land for food security; in keeping with protecting the interests of South Africa. This said - set against the backdrop of South Africa’s current economic climate - many industry representatives feel that the passing of a Bill that could negatively impact prospective international investment and development of commercial and industrial property is far more damaging to the safeguarding of South African assets.   </body> </html>","category":"News","createdAt":"2015-07-07T10:32:00Z","publishedAt":"2015-07-07T10:32:00Z","summary":"The Regulation of Land Holdings Bill:On the 12th of February at the State of the Nations Address (SONA)","title":"The Regulation of Land Holdings Bill","updatedAt":"2020-12-03T13:34:53.815Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_03_13_34_53_221.jpeg","tags":[],"url":"the-regulation-of-land-holdings-bill-07-07-15","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"93a8097d676c4f2595d4afecfc9d36aa","body":"<!DOCTYPE html> <html> <head> </head> <body> Buying a house has and remains one of the top long term investment choices you can make. Of course doing all your homework beforehand is imperative to make sure that you are selecting a good area, you get a good bond repayment rate, and all additional expenses are carefully thought out.   Some prospective buyers however find it difficult after doing their homework to fund this new venture by themselves. A natural progression from there for some is to extend the opportunity to include their significant other, especially if the plan is to have this person move in with you into said property, as a step forward in your relationship.   Moving in together is a whole new chapter in your relationship, and many see buying property together the natural step, but needs to be given careful consideration before you take the big step in co-habitation and co-homeowner status:   Sit down and chat First things first, sit down together and discuss your expectations, and what exactly it is you want to achieve by purchasing this property together. Everyone will have a different ‘priority’ list of sorts that will define what it is you want to gain from investing in this property. Is it a buy that will see you in it long term, is the reasoning  a quick profit gain by refurbishing it and then reselling it?   Also, and most importantly, come clean about your current cash situation. This is not a topic that some feel comfortable talking about, but when you are going at this together, you need to lay it all out on the table – income, debit orders, expenses and credit card debt. Not only will this help establish what financial situation you both find yourselves in, but it will also help assess what just how much money you both can contribute towards the house. And contributing doesn't just mean bond repayments, there is still all your food bills, rates and taxes or levies and there are always going to be unexpected bills to be paid along the way that you can’t plan for.   Seek out professional advice As much as chatting to each other and laying it all out on the table is important, so too is seeking out professional advice, whether it be a financial consultant who can provide more concise understandings of your finances, or a property attorney that can guide you in the right direction in terms of bond repayments, and all other legal paper work that you will have to sign during the process. An attorney can also help draw up documents that can be notarised, just in case you two find yourself in a not so comfortable situation if things don’t work out in the end after the dotted line has already been signed.   If you are in the process of buying a property with your partner, make sure it’s a process that both of you are 100% committed to, and one that you are both excited about venturing into. It should not be a process that sees you lose sight of your reasons for first deciding on this. Enjoy this new chapter of your relationship, and turn your newly acquired property into a home. </body> </html>","category":"Tips for Buyers","createdAt":"2014-07-21T07:52:00Z","publishedAt":"2014-07-21T07:52:00Z","summary":"Buying a house has and remains one of the top long term investment choices you can make","title":"Buying Property With Your Partner","updatedAt":"2020-12-03T13:23:47.287Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_03_13_23_46_537.jpeg","tags":["advice for buyers","property advice","buying property"],"url":"tips-for-buyers/buying-property-with-your-partner-21-07-14","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"46885a09038240ae94f156933eb29b2f","body":"<!DOCTYPE html> <html> <head> </head> <body> “When is the right time to sell my house?” “How long will it take to sell my place?” “Will someone be interested in buying my place?” These are just some of the questions you may ask yourself when wanting to sell your house. And regardless of whether we’re in a sellers market at the time or not, there are still turnoffs that you need to be aware of before showing off your house to potential new buyers:   Dirt Moms have a saying about the floor being clean enough to eat off. This should be the case when you are selling your home. Presenting it to potential new buyers with dirty floors, stain marks on carpets, dust everywhere, dishes in the sink, beds not made and baths with dirty rings around them can leave a negative impression. Make sure to do a light clean and tidy up before every show day. It might seem like a hassle, but in the end your new buyer could walk through the doors and you want them to fall in love with the house, not run in fear from the dead cockroaches lying on the floor or having just walked through a spider’s web.   Pets and their business Having pets is always a welcome edition to anybody’s home and family, but when you leave your kitties litter box next to the fridge with a little surprise inside it for all to see, this is a “no no”. Same goes for cat or dog food bowls with mess all around it on the floor. Keep your pets feeding and toilet areas as clean as possible. Please do also pick up any slobbery chew toys lying around the house. The best advice would be to take your pets with you if possible during a show day so the house can stay clean.   Smelly odors The smell of last night’s curry, the stinky gym towel and clothes, the pooch that hasn't had a bath in a while or the lingering stench of a cigarette can all culminate in pretty nasty smelling odours in yours house. Don’t try hiding the odours with fragrance and incense burning everywhere, this could actually make it worse. Rather open up the windows and get some fresh air circulating through the house instead.   Bathrooms and toilets Bathrooms and especially toilets speak volumes of a person’s cleanliness, and can really make a lasting impression on someone. So please make sure to de-clutter your bathroom of all your lotions and potions, that all your reading material is neatly packed (or hidden) away and the space and storage options for prospective buyers are visible. But most importantly, MAKE SURE IT’S CLEAN!   Outside living areas Having a garden always proves a big selling point for some people, especially when they have a family and pets that will be moving in with them. So if you have a garden, patio or other outdoor living area, keep this looking in tip top shape. Rid the garden of weeds, mow the lawn, plant some colourful flowers and make it look more attractive.   *Note: as part of your outdoor area, make sure that regardless of how cute your knickers may be, don’t leave them hanging on the line for all to see. This proves quite embarrassing and awkward for not only you but also the prospective buyers looking at them.   Making a few improvements to your house when you are ready to sell it, could make all the difference in it not staying on the market for too long, getting the price you want for it, and not leaving you frustrated or irritated when you have no offers coming in at all.   And remember, sprucing it up doesn’t mean going out and spending a fortune. Sometimes a bit of a clean, a splash of paint, new carpets or flooring, or even just some fresh flowers on display in your house can make all the difference.   Keep this check list in mind, and you’ll be on the right track to selling your house in no time! </body> </html>","category":"Tips for Sellers","createdAt":"2014-07-09T06:00:00Z","publishedAt":"2014-07-09T06:00:00Z","summary":"“When is the right time to sell my house?” “How long will it take to sell my place?” “Will someone be interested in buying my place?” These are just some of the questions you may ask yourself when wanting to sell your house","title":"Top 5 Turn-Offs For Potential Buyers","updatedAt":"2020-12-03T13:28:14.442Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_03_13_28_14_020.jpeg","tags":["selling property","advice for sellers","property advice"],"url":"tips-for-sellers/top-5-turn-offs-for-potential-buyers-09-07-14","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"2c0337933789442f9417f266969f8037","body":"<!DOCTYPE html> <html> <head> </head> <body> It's Winter and electricity usage is up as people turn on heaters to keep the chill away. Unfortunately in many areas in South Africa this often results in load shedding or power failures as the demand for electricity outweighs the supply.   It's not fun coming home with a bag full of groceries to cook for supper and WHAM - no power to cook with!  The fridge stops working, your food defrosts and spoils and there is no hot water to bath the kids. Misery!   Have a look at the top 10 ways to cope with power failures: Keep the family calm Kids are often afraid of the dark and the sudden shock of a power failure can frighten them terribly. Make sure you take control of the situation and then reassure everyone. Remain calm and your family will be too. Do not panic!   If it is night time It's cold and it's dark - make sure you get blankets together and some form of lighting: a good torch needs to be close at hand and simply turning this on will reassure everyone.   If you have early warning Load shedding and power outages are often planned and you may get early notice of this. Prepare by charging all your electronic devices (lap top, cell phone) and any other gadgets you might need.   Keep the fridge door closed Although it might feel like a fridge outside in Winter, keep your fridge door closed as much as possible to prevent your food from defrosting.   Switch off and unplug Turn off appliances and lights so that the circuits are not overloaded when the power does return. Check that the stove is turned off: you don't want it to be on when the power comes back and you are not there.   Is it just us? Have a peek outside to see if the power failure is just your house or the entire neighbourhood. You might be able to resolve the problem yourself if the power failure is only affecting your house.   Call the electricity department You can use your landline or cell phone to call the local electricity department to get a status update or to report the problem. Keep the number somewhere accessible for when you need it.   How will you know when the power is back on? Leave a TV, radio or light on so that when the power is restored you will know about it.   Have a backup available Have you ever been camping before? Have an alternative for everything: lighting, cooking and heating. Be cautious when using gas appliances and paraffin stoves or heaters. Battery powered camping lanterns are an excellent idea.   Cook food that perishes If the power failure is predicted to last for many hours or even days, cook any perishable food you have in the fridge or freezer so that these don't go to waste.  Most importantly of all, remain calm and be patient. Power outages are unfortunately a fact of life. Try and make it fun for the family and think of meals as romantic candlelit dinners!   Do you have any other tips to share? Please share your advice by commenting below and let us know how you cope with power failures. </body> </html>","category":"Eco and Social","createdAt":"2014-06-12T07:45:00Z","publishedAt":"2014-06-12T07:45:00Z","summary":"It's Winter and electricity usage is up as people turn on heaters to keep the chill away. Unfortunately in many areas in South Africa this often results in load shedding or power failures as the demand for electricity outweighs the supply","title":"10 Ways to Cope with a Power Failure","updatedAt":"2020-12-03T13:41:33.344Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_03_13_41_32_266.jpeg","tags":[],"url":"eco-and-social/10-ways-to-cope-with-a-power-failure-12-06-14","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"6651960d40f04f64b5670d12ad118b15","body":"<!DOCTYPE html> <html> <head> </head> <body> Some people prefer being called citizens of the world and others like to have roots in one place – to each his own. In light of such, we have compiled a list of advantages and disadvantages of buying or renting a home: Buying Advantages <ul> <li> When you buy a house you are contributing toward building wealth. Coupling that with regular and timeous mortgage repayments, it increases the credit score. </li> <li> A good credit score will assist when the need arises to refinance the bond amount to pay off major purchases. </li> <li> The home over a period of time will appreciate in value and can therefore make a profit when you decide to sell. </li> <li> There is flexibility in terms of renovations and decorating the home according to your taste, barring any historical and/or zoning regulations. </li> <li> There is an option of buying to rent which enables the home owner to generate income to pay towards the mortgage. </li> <li> The pride of owning your own home. </li> </ul> Disadvantages <ul> <li> Being a home owner requires commitment. If you have gypsy tendencies or a job that requires you to move regularly, buying a house can be a noose around your neck. </li> <li> It is a big financial responsibility. Not only do you have to make monthly payments, there are regular maintenance, tax, rates and insurance costs that need to be considered as well. </li> <li> There is a risk of not making a profit when selling the house in the future. Certain factors like the downturn in the economy or decrease in the value of the neighbourhood can contribute towards the depreciation of the value of the house. </li> <li> A hefty deposit is often required. </li> <li> Maintenance and repairs demands fall on your shoulders. This not only requires finances but time as well to either do it yourself or finding the suitable candidate to undertake the repairs and maintenance. </li> </ul> Renting Advantages <ul> <li> Renting has more flexibility than owning a home. If you need to up and move, all you need to do is hand in your one month’s notice to the landlord. </li> <li> Renting allows the possibility of living in an area that you would not ordinarily be able to afford to buy a house in. </li> <li> The only insurance that you would need to pay for are the contents of the house; </li> <li> Maintenance and – in some cases – repairs are for the owner’s onerous; </li> <li> The amount that would ordinarily be used towards maintenance, rates, repairs, etc can be used to invest elsewhere. </li> </ul> Disadvantages <ul> <li> You are limited in terms of alterations and décor in the home as per the lease agreements. Most landlords do not allow tenants to make permanent alterations. </li> <li> A sales agent at Etchells & Young, Michelle Blaauw, said it best:  “You are paying off someone else’s bond”. </li> <li> There is no control over rent fluctuations. </li> <li> Renting offers no wealth creation or return on investment. </li> <li> When emergencies arise and need to be sorted out, you need to go through the landlord or at times the agent who will then go to the landlord. This may be a tedious expedition. </li> </ul> There is no clear winner between the two as they both accommodate different needs for different people at different stages in their respective lives. </body> </html>","category":"Tips for Tenants","createdAt":"2014-06-02T13:59:00Z","publishedAt":"2014-06-02T13:59:00Z","summary":"Some people prefer being called citizens of the world and others like to have roots in one place – to each his own","title":"Buying vs Renting - who wins?","updatedAt":"2020-12-03T13:49:25.904Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_03_13_49_24_982.jpeg","tags":["advice for buyers","advice for tenants","buying property","property advice"],"url":"tips-for-tenants/buying-vs-renting-who-wins-02-06-14","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"966eccea976344fbba7f8fc0d83c3090","body":"<!DOCTYPE html> <html> <head> </head> <body> On 24 February 2014 the Department of Trade and Industry in South Africa announced the Removal of Adverse Consumer Information and Information Relating to Paid Up Judgements regulations.   This new \"credit amnesty act\" came into effect in South Africa on 1 April 2014. This act allows for credit information amnesty and should not be confused with an amnesty of all debt, as some consumers might have thought.   Debt won't simply be wiped away (unfortunately for many!) - what the act means is that a record of bad debt will be removed from credit bureau records, and you will still be liable for any debt you have.   The intention of the Act is to allow people with a record of bad debt to \"have the record cleared\" so that they can again enter the economy and stimulate spending.   Credit bureaus have to remove the following information held as at 1 April 2014 from their records: <ul> <li> \"Delinquent\", \"defaulting\" and \"slow paying\" information </li> <li> Records of debt collection enforcement such as \"written off\" or \"handed over for collection\" </li> <li> Negative debt information in the payment file of the consumer </li> </ul> What this means to you: The credit amnesty act means that negative credit records that show how you managed (or mismanaged) your debt prior to 1 April 2014 will be removed.   Credit bureaus will also be required to remove any judgements against you from the record if you have settled your debt in full, on an ongoing basis. In the past you had to ask the court to remove this record - now the record of the judgement will be automatically removed upon settlement.   This does not necessarily mean that it will be easier to get loans and credit, as many lenders will now be forced to introduce credit vetting controls of their own.   In the past some customers applying for a loan would have been declined immediately as a result of the information on record at the credit bureaux, whereas now the lender will apply credit risk evaluations of its own.   It is also important that you are familiar with your own credit profile: you can get one free report annually from any credit bureau.   You must also ensure you have a good credit score by paying debts on time and closing accounts you do not need or cannot afford.   What does this mean for the South African property market? The possibility exists that financial institutions will act more cautiously when approving home loans, since the detailed historical information from credit bureaus will no longer exist. The Act represents unknown risk and if lenders are more cautious and need to implement their own credit control systems, this could result in the property market slowing down since higher costs will mean fewer people can enter the property market. Many areas of the financial industry have been opposed to the act for this reason.   This is ironically the opposite effect intended by the Act - and at this time it is uncertain as to what the long-term effects of the Act will be.   What consumers need to remember is the importance of good financial management, saving up a good deposit for buying a home and ensuring bad debt is kept in check by paying bills on time and keeping debt manageable. </body> </html>","category":"Tips for Buyers","createdAt":"2014-05-20T12:00:00Z","publishedAt":"2014-05-20T12:00:00Z","summary":"On 24 February 2014 the Department of Trade and Industry in South Africa announced the Removal of Adverse Consumer Information and Information Relating to Paid Up Judgements regulations","title":"What does the Credit Amnesty Act mean to you?","updatedAt":"2020-12-03T13:53:22.856Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_03_13_53_22_684.jpeg","tags":[],"url":"tips-for-buyers/what-does-the-credit-amnesty-act-mean-to-you-20-05-14","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"21d09832a277428b90241453866de7e3","body":"<!DOCTYPE html> <html> <head> </head> <body> A new year is like hitting the refresh button. Starting a new year with last years’ clutter can definitely stunt your growth and reaching for your goals. To keep with the spirit of achieving set goals and mastering your chosen art, let us look at exactly how clutter happens; how it can affect your life and how to remedy it.    How does clutter happen According to Mikael Cho, the co-founder of ooomf, by simply touching a physical object one can instantly become emotionally attached. There are a number of reasons as to why we accumulate so much clutter. Firstly, you may think that you will use the object at a later stage or you might hold on to it because of sentimental value. It could also be that you spent a lot of money on the object and therefore feel a sense of responsibility.   How can clutter affect your life? A cluttered home is a physical and mental drain which can leave you feeling exhausted and lethargic. Too much stuff can make you feel overwhelmed and unsure where to start. As a result, one can feel hopeless about accomplishing anything.   Believe it or not, clutter can affect your finances negatively. Research shows that those people who thrive in life have a tendency of letting go of things much easier. If you want to lose weight perhaps start with decluttering your home. According to studies people who have a lot of clutter are often overweight and tend to use clutter and the extra padding as self-protection. Clutter could also make you feel out of control of your life. - <h3> </h3> How to remedy this bad habit Set up boundaries! For example, limit the amount of books you bought and haven’t read to three. Once you have read those books, you can go on and buy three more. Have a shoe issue? For every pair that you buy, give one away. Limit how much you keep by using smaller storage spaces. Review what is in your closet every three to six months. If you find something you have not worn for longer than six months (and it is not because of seasonal change) then give it away. Old family and friend’s photos can be scanned and stored away on your computer. Remember that things are just that, things. It is the memories that give us a full life not a collection of stuff. </body> </html>","category":"Eco and Social","createdAt":"2014-01-23T11:36:00Z","publishedAt":"2014-01-23T11:36:00Z","summary":"A new year is like hitting the refresh button. Starting a new year with last years’ clutter can definitely stunt your growth and reaching for your goals","title":"Declutter your Home","updatedAt":"2020-12-03T13:54:45.324Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_11_03_19_05_50_965.jpg","tags":["home and garden","home interior ideas","home decor advice"],"url":"eco-and-social/declutter-your-home-23-01-14","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"cd7ec7b196b94c358e54842c9273d43c","body":"<!DOCTYPE html> <html> <head> </head> <body> Everyone handles stress differently. According to the Holmess and Rahe Stress Scale, moving can be very stressful. It is on a similar level as having trouble with bosses. Everyone will at some point in their lives be faced with the daunting task of moving house. To make life easier, below are a few tips you can use to make moving as smooth a transition as possible: <ul> <li> Make a list of everything that you need to do e.g. buying boxes, changing addresses for your post, confirming movers, etc. </li> <li> Ensure that all belongings are adequately insured while in transit in the event of accidents, hijackings, riots and robberies. </li> <li> Start early! If you know that you are moving, for example, at the end of December, do not wait until a week before you move as that will exacerbate the stress. </li> <li> Begin as soon as possible with donating items you no longer need or use. DO NOT HOARD! Try to think of your new place as a fresh start. </li> <li> Only take stuff with you that you need and still use. Pack all the stuff you do not use regularly first and leave only necessities. </li> <li> Label all your boxes to ensure less confusion when moving in. </li> <li> Avoid moving during peak times like December and January as movers usually charge above-normal rates at that time. </li> <li> If you are renting, clean the place top to bottom otherwise cleaning costs incurred by the landlord will be deducted from your deposit. </li> <li> Also request the entry inspection from your agent and compare the current condition of the unit. </li> <li> If there are any discrepancies, ensure that they are repaired otherwise repair costs will be deducted from the deposit. </li> <li> Once you are moved in to your new home, unpack as soon as possible to settle in and get into a rhythm. </li> <li> Go over your list to confirm that nothing was overlooked. </li> <li> Lastly, take a hot bath or shower and enjoy your new home! </li> </ul> </body> </html>","category":"Eco and Social","createdAt":"2013-11-21T08:42:00Z","publishedAt":"2013-11-21T08:42:00Z","summary":"Everyone handles stress differently. According to the Holmess and Rahe Stress Scale, moving can be very stressful. It is on a similar level as having trouble with bosses","title":"Moving House and getting it Right","updatedAt":"2020-12-03T13:57:06.37Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_03_13_57_05_917.jpeg","tags":["advice for buyers","advice for sellers","advice for tenants","property advice","buying property","selling property","home and garden"],"url":"eco-and-social/moving-house-and-getting-it-right-21-11-13","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"a40d3e2568264041bbf695fcde9afe21","body":"<!DOCTYPE html> <html> <head> </head> <body> There’s a new kid on the block called “home automation”. An article written by Antonella Desi defines home automation as “anything that gives you remote or automatic control of things around the home. A home automation system amalgamates two or more subsystems under the control of one central controller, so that at a press of a button, the homeowner can quickly and simply issue several commands to a variety of different electronic products.”   The main objective of home automation is to give the home owner a sense of comfort, convenience and security. As with anything in life there are some pros and cons to adopting this worldwide phenomenon that we have listed below:   Pro Smart home programs can be customized to suit your needs. This makes it easy to use even for the most technologically-challenged person. It is however imperative that a reputable specialist is contracted to execute home automation because it can be disastrous if the wrong programming is used. In a nutshell, it can make life a living hell if corners are cut when executing the program.   Con The start-up costs are expensive especially if the home already exists. For example, basic controls and light switches may need to be substituted with “smart” controls that will be programmed to run the software that automate the home. A normal light switch may cost about R80-00 whereas a “smart” light switch would cost upwards of R400-00.   Pro Although the initial start-up costs are high, in the long run home automation systems are designed to use minimal electricity. Furthermore, you can manipulate the system so that lighting in your home turns on and off at selected times of the day. Using a remote device, you’ll have remote access to operate any lighting or electrical appliances which include switching on/off the pool pump at certain times of the day, opening and closing curtains or blinds and gardening irrigation.   Con The wireless signals for home automation can sporadically be intercepted by compound electronic devices such as televisions and computers. This may lead to phantom and weak signals as well as unreliable operation. Also, additional electronic devices added to a smart home can potentially cause problems with the existing wireless home automation.   Pro Home automation can be dubbed as your new best friend. It reacts to changes intelligently, like switching on the lights when you enter a room and setting them to suit your mood, or heating the building only when it is occupied. It can also be connected to home cinema systems and with a single remote you can turn on a projector, lower the screen, dim the lights, activate the sound system and start a media source.   Con Technology changes rapidly and the chances of obsolescence are very high and thus will need to update and upgrade the automation systems on a regular basis which could be quite costly in terms of time and money.   Whether or not you are inclined toward all things technological, it seems home automation is here to stay. For now, it is still an option to automate your home but it is predicted that in less than two decades an automated home will not be a concept used by the ‘Jones’’ but will become an integral part of our day-to-day living. </body> </html>","category":"Eco and Social","createdAt":"2013-10-15T10:33:00Z","publishedAt":"2013-10-15T10:33:00Z","summary":"There’s a new kid on the block called “home automation”. An article written by Antonella Desi defines home automation as “anything that gives you remote or automatic control of things around the home","title":"Home Automation","updatedAt":"2020-12-03T13:59:48.916Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_03_13_59_48_807.jpeg","tags":["home and garden","home interior ideas"],"url":"eco-and-social/home-automation-15-10-13","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"1c7c8b264b5649fda38e6d8c5b6365a6","body":"<!DOCTYPE html> <html> <head> </head> <body> The majority of people at one time or another in their lives will rent an apartment. Affordability is most often at the top of the rental checklist as a potential tenant. Only too often, our tastes and our bank accounts are nemeses and as such we are stuck with places that do not necessarily reflect our personalities or at the very least even mutter the words “welcome home”. You are lucky if you find a landlord that has no qualms with decorating the apartment with permanent fixtures such as drilling holes into walls and floors. For the rest of us who do not have lady luck on our side, here are a few tips on decorating a leased apartment. . Floating Shelves Floating shelves are a great and inexpensive way of displaying pictures and ornaments. They are also easy to change and move around when the apartment is due for redecorating.   If you can’t Paint the Walls Paint the furniture. There is a very large community of DIYers on the internet. Websites like paintmewhite.com give a step by step overview of painting and breathing new life into old furniture. . Work with It Older buildings are often spacious and charming yet their finishing’s usually dated and this often poses a decorating challenge. Instead of closing your eyes or turning your head whenever you walk by that cringe-worthy spot, work with it. For example if your bathroom has weird colours, pick a colour you like and work with it. . Furniture Feng Shui Before you start moving your furniture around and trying to place it, take a minute and imagine the space without any furniture. Then in your mind’s eye start populating the space with the different pieces and see where the best places will be to place your pieces to create an even flow in the rooms.   Curtain Magic Update the apartment walls without the permanency of paint or wallpaper by hanging several sets of drapes along the wall. This also gives the illusion that there are windows behind the curtains as opposed to bland walls. . Tapestry Headboard Normal headboards may be awkward to carry up the stairs into your rental apartment or may be too big and bulky making the room feel smaller. A good idea is to use any type of fabric including a floor rug as a headboard. . Lighting Good lighting can completely transform the energy and the look of a room, and its source doesn't always have to be a hardwired ceiling fixture. Investing in lamps to place on end tables, nightstands, side tables, floor lamps will illuminate dark corners and also give your space a romantic feel. . Adhesive hooks Most rentals prohibit people from using maskers and nails. If that is the case with you, try hanging your pictures on plastic hooks with super-strength adhesive. When it is time for you to move out, simply pull off the hook, clean the spot and leave the wall undamaged.   Extra Closet Rods Rentals are notorious for not having enough cupboard space to hang clothes. Create more space by adding adjustable closet rods. . The floor is your Fifth Wall Treat the floor as another wall where you can throw a beautiful rug to give the room more personality. A trend that has taken over in America is FLOR tiling. The beauty of FLOR tiling is that you can change the patterns around to suit your tastes.   </body> </html>","category":"Eco and Social","createdAt":"2013-10-07T12:32:00Z","publishedAt":"2013-10-07T12:32:00Z","summary":"The majority of people at one time or another in their lives will rent an apartment. Affordability is most often at the top of the rental checklist as a potential tenant","title":"Tips on Decorating Rental Apartments","updatedAt":"2020-12-03T14:05:21.617Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_03_14_05_20_839.jpeg","tags":["property advice","advice for tenants","home decor advice","home and garden","home interior ideas"],"url":"eco-and-social/tips-on-decorating-rental-apartments-07-10-13","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"e05a7897e2014bb6ad4c013a141af750","body":"<!DOCTYPE html> <html> <head> </head> <body> Recent studies show that first time buyers and trade up buyers enter in to the property market for different reasons.   First time buyers are more concerned about affordability and proximity to the workplace. Often first time buyers enter the property market with high debt-to-income ratios with no savings towards deposits and this impacts on the size of the house. There is rising demand, amongst first time buyers, for houses closer to public transportation points as more and more people prefer using public transportation owing to increasing fuel costs, traffic congestion and the imminent e-tolls in the case of Johannesburg residents.   Trade up buyers, on the other hand, are attracted to features of the home, design and more importantly, the location. Trade up buyers often have bigger deposits to put down towards the new home due to past experience, time and opportunity to add to their equity from acquiring the previous home.   Research shows that the size of the house is paramount as they had to compromise on this the first time around and usually enter into property due to growing needs. Homes with energy-saving features attributable to rising electricity prices are another reason for trade up buyers to enter into the property market. Furthermore South African trade up buyers are most concerned about security with the high crime rate. Studies show that South Africans are willing to pay top dollar for a home with state-of-the-art security systems. Such houses also yield a great return on investments.   The good news is that the property boom in South Africa allows for a varied choice whatever kind of home buyers are looking for.   </body> </html>","category":"Tips for Buyers","createdAt":"2013-08-19T13:23:00Z","publishedAt":"2013-08-19T13:23:00Z","summary":"Recent studies show that first time buyers and trade up buyers enter in to the property market for different reasons.First time buyers are more concerned about affordability and proximity to the workplace","title":"Inside the Mind of First-time & Trade-up Buyers","updatedAt":"2020-12-03T14:10:43.381Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_03_14_10_42_881.jpeg","tags":["advice for buyers","property advice","buying property","property investment"],"url":"tips-for-buyers/inside-the-mind-of-first-time-and-trade-up-buyers-19-08-13","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"4c8d54ba53e74310956e9a420cfe91ab","body":"<!DOCTYPE html> <html> <head> </head> <body> That sinking feeling in the pit of your stomach when you come home and realise that your home has been broken into or that paralysing fear when you wake up in the middle of the night and you realise someone is in your home and invading your private space. The two scenarios are amongst the most traumatising events that can happen in any person’s life. Living in Johannesburg is a remarkable experience but the reality means you have to be extra vigilant when it comes to crime. As the saying goes “I am because you are” we decided to share 11 tips to improve home security. <h3 style=\"text-align: left;\"> </h3> Erect Perimeter Barriers Beverly Ritchie, Rental Agent at Etchells and Young Property Management, says the most determined criminal will find a way to enter the premises but erecting proper fencing (e.g. spikes and electric fences) will definitely make it harder for the criminal to enter the premises. Also, electric gates should no longer be considered a luxury but a necessity when considering securing your home. <h3 style=\"text-align: left;\"> </h3> Lighting Galore Ensuring there is enough light in the yard is cost effective and makes the house less of a target for criminals as it makes it harder for them to find hiding places. It is best to invest in solar powered lighting when taking into account load shedding and high electricity prices. Installing motion-censored lights also help to ensure that the yard is adequately lit but also not yielding a hefty electric bill at the end of the month. These kinds of lights are now easily available at reasonable prices at most department stores.   Lay of the Land Try to reduce bushes and shrubbery especially in the vicinity of the driveway as these could be used as hiding places for potential criminals. It is advised that a home-owner should walk about the yard and familiarise her/himself with any possible blind spots or shadows. . One Mans Rubbish is Another’s Treasure Be careful to not draw unwanted attention to yourself by tossing out boxes that show a new TV or laptop has been bought on the curb. Instead put them at the corner of your street or cut them into pieces that will fit in a black bag. . Tools Always ensure that all tools e.g. spades, axes and rakes are locked away as they can serve as weapons. . Man’s Best Friend Having a dog is a great way to ensure that you will be alerted should there be an intrusion. Beverly suggests having big dogs that are trained to react only where there is an intruder will be a good way to sound an alarm.   Sliding doors Take extra precaution to secure your sliding door by taking a steel bar or strong dowel and slide it into the back groove. This ensures that even the sliding door is picked open, the criminal cannot slide the door back and open it.   Valuables Keep valuables outside of the bedroom. The first place criminals usually check is the main bedroom because that where all the valuables are commonly kept. We advise you to find somewhere else to store your valuables. . Employees Ensure that you have records of your employees on hand, including photographs, in the event that you may need to identify them. . Spice up your routine Change your routine. A predictable routine makes it easier for criminals to attack. .  Know thy neighbour We all love our space and cannot stand nosy neighbors but it is important to have good relations with your neighbors or join the neighborhood watch. No need to be best friends and share your deepest darkest secrets with your neighbors but looking out for each other ensures greater alertness and better security. </body> </html>","category":"Eco and Social","createdAt":"2013-07-02T09:07:00Z","publishedAt":"2013-07-02T09:07:00Z","summary":"That sinking feeling in the pit of your stomach when you come home and realise that your home has been broken into or that paralysing fear when you wake up in the middle of the night and you realise someone is in your home and invading your private...","title":"Tips on Improving Home Security","updatedAt":"2020-12-03T14:14:03.239Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_03_14_14_02_818.jpeg","tags":["home and garden","home interior ideas"],"url":"eco-and-social/tips-on-improving-home-security-02-07-13","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"439fde5e475140f1997c2c29c19c6219","body":"<!DOCTYPE html> <html> <head> </head> <body> 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 favorite place in the world to retreat to. With that in mind we have compiled eleven tips to help jump-start decorating your abode.   Create a dream-list Before you start buying and going on bargain hunts make a list of all the changes, additions and upholstery you would want in a perfect world. Pretend like money is no object. This will give you an idea of what you want your home to eventually look like. Remember decorating is not a once off thing, it is a continual process. As we evolve, our tastes and preferences evolve with us but the core of which we are never changes.   Plan, Plan, Plan Planning is half the job done. When you go out in search of items of your choice with a plan in hand, it makes it easier to know where and when to go and how much you are willing to spend. To help keep organised use a spreadsheet to track your progress as well as your budget tally.   Keep an eye out of Discounts and Sales Just because you love something does not mean you have to break the bank to acquire it. Wait for seasonal and yearend sales and that item you had been eyeing may be marked down to fit your budget.   Secondhand Ever heard of the saying “one man’s junk is another man’s treasure”? Things that other people find useless may be that one piece that completes the look you are going for. Shopping at thrift stores, church bazaars, auctions, flea markets and yard sales often yield amazing pieces at next-to-nothing prices.       Throw rules out the Window When it comes to furniture pieces – there are no rules. Mix and match furniture pieces, for example use different chairs for the dining room table. This gives the room a vintage and fun element, it tells a story and it is a great conversation starter. If you like uniformity, paint the chairs and table one color.    Consider main Items and Technology There are certain things that you cannot skimp out on for example a new TV or couches. When it comes to technology buying cheap does not mean you struck it lucky. Quality should be a non-negotiable otherwise you will end up having to deal with the headaches of constant repairs and at times replacements. The same goes for main items. Unless you have a keen eye for good quality second-hand items like couches and beds, it is better to pay that extra bit to ensure that the item will last a long time.   A pot of Gold Gold accessories scattered around the home give a glamorous appeal. Take an old mirror or lamp that you have, paint it gold and it will give the room extra sparkle.         Doors For affordable exterior upgrade, give your front door a new coat of paint. Use an unusual color. This will give your house character and modernizes the look of the home.   Fashion NEVER stick to fashion when decorating your house. Fashion and fads quickly fade away and will leave you thinking “what was I thinking?” Keep your home timeless with unique pieces. If you must fall for some fashion trends use cushions and throws which will not break your bank.         Recycle You don’t always have to buy new things to revamp your home. Turn a fresh eye to what you already have especially in the kitchen. Remember your great-grandmother’s china that has been shoved in the back of the kitchen cupboard? Use a small bowl or plate to hold soap in the bathroom or hang some plates on the wall. You can also use an old wine rack to hold rolled towels. </body> </html>","category":"Eco and Social","createdAt":"2013-06-14T09:54:00Z","publishedAt":"2013-06-14T09:54:00Z","summary":"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","title":"Tips on Decorating on a Budget","updatedAt":"2020-12-03T14:16:59.114Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_03_14_16_58_879.jpeg","tags":["advice for buyers","property advice","buying property","home interior ideas","home and garden","home decor advice","advice for tenants"],"url":"eco-and-social/tips-on-decorating-on-a-budget-14-06-13","gallery":[]},{"groupId":"2c2fb3753ce041468b0ed87284beada9","contentId":"5a91a0d9d3214ed3bf816f20f3fafe45","body":"<!DOCTYPE html> <html> <head> </head> <body> When it comes to saving electricity at home, every bit helps. It may seem like a drop in the ocean at first, but all the small bits you save in and around your home add up. By making a few simple changes to the way you use electricity, you can cut down your electricity bill by up to 10%. Whats more, if you invest in energy-saving devices, you can save 30% or more simply by putting an end to electricity wastage. <ul> <li> Hot plates retain heat, so turn off the stove before you have finished cooking. It won’t affect your food, only your electricity bill. </li> <li> Install a Heat Pump, which can potentially cut your water heating costs by up to 67% compared to a regular geyser. </li> <li> For every hour you use your tumble dryer, you could have cooked 48 meals in your microwave, more than a month’s worth of dinners. </li> <li> Switch off lights, unplug appliances, turn the geyser to 60°C and use hot water sparingly. Rather iron with a thermostat controlled iron and iron large batches of clothes in 1 go: the average iron uses the same amount of electricity as ten 100 watt light bulbs. Appliances on standby can use up to 50% of the power that they normally operate at. Switch off appliances at the power button & you’ll save money immediately. </li> <li> Check the seal on your fridge. A damaged seal can make your fridge consume more electricity due to the cold air escaping. </li> <li> The average kettle operates at ±1900 watts. The more water you boil the more electricity you use. Only boil the water you need at that moment. </li> <li> Energy efficient lighting options are readily available today. LED and CFL light bulbs consume much less electricity than conventional incandescent light bulbs & last 6 to 8 times longer. </li> </ul> </body> </html>","category":"Eco and Social","createdAt":"2013-05-10T13:33:00Z","publishedAt":"2013-05-10T13:33:00Z","summary":"When it comes to saving electricity at home, every bit helps. It may seem like a drop in the ocean at first, but all the small bits you save in and around your home add up","title":"Energy Saving Tips","updatedAt":"2020-12-03T14:19:20.3Z","thumb":"https://s3.entegral.net/news/Thumbnail_2020_12_03_14_19_20_066.jpeg","tags":["home and garden","home interior ideas","home decor advice"],"url":"eco-and-social/energy-saving-tips-10-05-13","gallery":[]}]

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