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The primary cause for home insurance complaints during 2020 was the rejection of claims. When you need to claim, you need to do it quickly and easily. It can be soul-destroying, having to deal with a mishap at your home and not getting the money you think you’re covered for…

SARS has warned owners of South African properties who host fee-paying guests that “the rental income they receive must be declared in their income tax return”. While Airbnb, for example, is very well regulated and requires tax-related declarations annually before any payments are made to the hosts, the informal sector…

WHY LOW LEVIES IN A SECTIONAL TITLE SCHEME AREN’T ALWAYS A GOOD THING When buyers are looking to purchase a unit in a sectional title scheme, one of the first questions they will ask is, “What will the levy payment be each month?”. Buyers tend to compare the costs of…

TIME TO WINTERIZE YOUR HOME!! The topic of drought has been in the national discourse for months now and millions of South Africans have been hoping for rain to revitalize the nation’s agricultural industry and bring food inflation to heel. But while rain would be a great blessing for South…

THE RIGHT INFORMATION WILL ASSIST THE AGENT An open communication channel is imperative to the relationship between a prospective home buyer and the real estate professional they choose to work with, says Adrian Goslett, Regional Director and CEO of RE/MAX Southern Africa. He notes that in order for an agent…

SA Property Market Swinging to Favour Buyers The residential market up until 2015 was essentially a sellers’ market driven by low interest rates, strong demand from buyers and a shortage of stock. “With fewer and more cautious buyers in the market this year, relative to the number of sellers, the…

HOW WILL HIGHER INTEREST RATES AFFECT SA’S PROPERTY MARKET? This month marks the third Monetary Policy Committee meeting this year, where the Reserve Bank will decide tomorrow whether the prime lending rate will be hiked or remain at its current level of 10.5%. Prospective home buyers and homeowners alike should…

HOW TO CHOOSE AND DECORATE WITH TILES. Tiles were initially found in the form of glazed bricks dating back as far as the 13th century BC. Tiles can be used to create a wide or narrow effect, and horizontal or vertical borders with colourful mosaics or tiles cut into narrow…

STAY IN THE RENTAL MARKET OR BUY With 2016 touted as a financially challenging year, many buyers may be hesitant to take the step towards home ownership and are quite content to stay within the rental market for the time being, says Adrian Goslett, Regional Director and CEO of RE/MAX…

GET YOUR BOND DOWN FASTER WITH LUMP SUM DEPOSITS It has become common knowledge among homeowners that paying a little extra off your home loan every month can dramatically reduce the term of the loan, and result in big savings on interest. On a R1 million home loan at current…

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