A home inspection is a visual inspection over the physical structure and major interior parts of a house or property. Easily visible structures include walls, ceilings, roofs, windows and the like.
Home inspections have nothing to do with insurance policies or building code inspections. They don’t cover minor faults – they simply set out the facts of the condition of a home.
If you are currently thinking about buying a home, it is wise to sit down and think about it for a while – it might make the hunting process a lot easier.
There are many websites that could help you find a home, but you need to know what it is that you want in a home first, or else these websites won’t be of much help.
Not many people know exactly what the differences, or the advantages and disadvantages are between investing in physical property and investing in property funds as listed on the JSE.
Listed property funds are a portfolio of different types of properties and the investor is exposed to diversification far easier than if the same diversification were looked for in physical property.
If you are planning on buying or selling a home, especially if you are a first time buyer, the sales contract is the single most important document that you will have to sign – so make sure you understand every word.
Many new buyers without previous home ownership experience are entering the market and they should be really careful not to fall into the hands of agents who make promises they cannot fulfill. The sales contract is there to safeguard them against exploitation on behalf of the buyer and seller. This is why it is so important that the buyer/seller understands the contract and if they are not 100% sure of its content, ask a professional to explain the terminology and definitions to you.
When buying a home, people often overlook two vital steps of the process. They are firstly, securing of title insurance and secondly, a proper home inspection. If you are planning on buying a home soon, make sure you make these steps your first priority.
It can cost a buyer a lot of money if you do not conduct a proper home inspection. The seller will not always be honest about the property’s flaws and faults, so it is your responsibility to make sure you know exactly in what condition the house is before you make your offer.
When buying a home, people often overlook a vital step of the process. This vital step is a proper home inspection. If you are planning on buying a home soon, make sure you make this step your first priority.
It can cost a buyer a lot of money if you do not conduct a proper home inspection. The seller will not always be honest about the property’s flaws and faults, so it is your responsibility to make sure you know exactly in what condition the house is before you make your offer.
Most cities have an oversupply of rental properties in the upper-middle-income bracket and buy-to-let investors should be wary of property developments offering guaranteed returns.
According to the old saying, location is the single most important factor when it comes to real estate sales. But what if locations change? Great locations become deteriorated and locations that used to be not-so-great are becoming wealthy neighbourhoods. How do you know when you’re buying at the right place at the right time?
If you are self-employed and looking into buying a home for yourself, make sure you have all the paperwork ready, so that you can save time and start looking for your dream home.
There is more paperwork involved if you are a self-employed person, especially if you are trying to obtain a bond. No matter how well your business is doing, questions will be asked, and proof must be given.
The perception that buying a second-hand home is cheaper still arises, but the reality is that the difference between buying a second-hand home and a new home has nearly been eliminated due to property price increases over the past few years.