KZN Property Pages - 18 August 2018 by KZN Property Pages

RESIDENTIAL LETTING COMMERCIAL Your Leading Property Guide

A BL ACK INC MEDIA PUBLICATION

18 August 2018

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Understanding the Economic Factors that affect Property Prices.

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2pm Monday prior COPY TO BE SET:

2pm Tuesday prior COMPLETE MATERIAL:

10am Thursday prior Not all of us have a degree in economics. Understanding how external forces impact the price of property can be confusing. But, if you are in the market, then you do need to grasp its ebbs and flows or face the risk of being dragged under by its undercurrents. “When it comes to factors that increase property values, there are certain aspects that are not difficult to understand. For example, it is easy to grasp that the location of the property and the features of the property will have a big influence on the valuation. However, its less obvious to understand how the country’s inflation levels, interest rates, and unemployment proportions affect the property market,” explains Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa. This is because these factors have a secondary or indirect influence on what you will be able to buy or sell a property for. The lower these factors are, the greater price you can fetch for your property and vice versa. “The main principle that contributes to growth in property prices is the same that governs all other fields of trade: demand and supply. The higher the demand, the more the seller can

To advertise

order to sell to a market with a pinched pocket,” explains Goslett.

Smart sellers will keep an eye on the country’s

sales@kznpropertypages.co.za

economic climate and wait for signs of positive

033 811 5189

growth before they put their property on the market.

Be in touch:

“Investor confidence indexes are a great way of getting an idea of where the market stands. If

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investors are willing to spend in a country, then it means that more money will be coming into the country, which usually results in higher buying power

info@kznpropertypages.co.za

for consumers.”

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Likewise, buyers need to keep an eye on the

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economic outlook of the country if they want to get a good deal on a property. “Seeing as it directly

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affects your own pocket as well, purchasing property when the economy hits a dip is not the easiest thing

Black Inc Media is a member of the

to do. But, property prices can drop dramatically

Pietermaritzburg Chamber of Business

during an economic downturn and you can end up purchasing a property at a much lower price than you

PUBLISHER:

would have spent on the same property at an

DESIGN:

economic high. The biggest downside to this is that

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interest rates are likely to be higher during these times

A BLACK INC MEDIA PUBLICATION

so your monthly installments on your home loan will be higher as a result.” As complicated as all of this might sound, Goslett

141

reminds buyers and sellers that they need not figure it all out on their own. “Property investment might seem daunting, but buyers shouldn’t allow the economic jargon to intimidate them. If you have a good real estate agent, you can always bounce any questions you might have off them even after they’ve

charge. When a country’s economy has hit a dip, this helped you find your dream home,” Goslett concludes. will have a knock-on effect on consumer’s buying power, which means that the demand for property will drop and sellers will have to drop their prices in Source: My Property

18 August 2018

IN ASSOCIATION WITH

90 Roberts Road, Clarendon, Pietermaritzburg & Midlands Tel: 033 345 1939 Tina Henman 083 560 0160 Cobus Lange 076 993 4855

BUYING OR SELLING?

Thinking of selling or buying a

LINCOLN MEADE

R720 000

CLELAND

Fax: 086 558 7707

tina@haloprop.co.za

cobus@haloprop.co.za

R730 000 – R790 000

property? Do you need a free valuation? Are you aware of the present value of your property? Please feel free to contact us to assist you with all your real estate needs, concerns or queries JUST MOVE IN! via a Call or Whatsapp.

PELHAM

GREAT VALUE

ON SHOW SUN 2 - 5PM

Very neat corner 3 bedroom simplex, fitted kitchen, tiled lounge/ dining room, carport and big garden (pets with permission). Follow boards down Grimthorpe Avenue.

R750 000 EPWORTH

SPACE FOR 2 FAMILIES

2 UNITS OPPOSITE EACH OTHER 1 – 3bedrooms, open plan living area, garage and enclosed garden; 2 - 2 bedrooms, 2 bathrooms, open plan living area, garage and enclosed garden.

R1 475 000 PELHAM

LOCK UP AND GO LIFESTYLE!

R595 000 CHASE VALLEY

R1 095 000

SECURE LIVING!

Comfortable 3bedroom duplex with spacious living Much loved home offering 2 lounges, fitted kitchen, Lovely 1 bedroom loft unit with an open space living This apartment offers 3 bedrooms, 2 bathrooms, open area to an enclosed garden, 1.5 bathrooms, fitted diningroom, 3 bedrooms, 2 bathrooms,garage, pool area, carport, communal pool and 24hr access. plan kitchen to lounge, balcony, parking for 2 vehicles. kitchen, carport and parking for another vehicle. and a lovely 2 bedroom cottage. Suitable for a single person or a couple. 24hr access, communal pool and tennis court.

www.haloprop.co.za 6

Harcourts Patrick & Co 033 342 3340 patrickandco@harcourts.co.za

ON SHOW SUNDAY

PALM VIEW GARDENS

ON SHOW SUNDAY

R860 000 MUSWELL HILL ESTATE R3 500 000 SCOTTSVILLE

3 bedroom flat has been reduced from R880 000 to R 860 000!!Lovely 3 bedrooms flat, main has en-suite, lounge, kitchen with built in, separate bathroom and carport’s. Flat has a commune swimming pool and it is in a very secure area, close to schools and convenient transportation.

Exclusive home consisting of 3 bedrooms, 3.5 bathrooms, study, very modern open plan kitchen with dining room and lounge opening onto your entertainment area with magnificent views of which all the bedrooms also share. Has large double lock up garage. Has a one bedroom flat and is situated in a secure estate.

R2 350 000

Modern beauty.. Substantial 5 bedroom home, 4 en-suite, bics. Exceptional finishes throughout. Formal lounge, separate dining room, study and a 5 star kitchen. Double automated garage and a pool and braai area. There is also an outside storage room. This home boasts a very child friendly yard and is within walking distance to UKZN. Close to schoola and shopping centers. Follow boards from Durban Rd and golf Rd to Hutchinson Rd.

Follow Boards from Alexandra road straight to Palm View Gardens Follow Boards from Chase Valley Rd. into Carnoustie Rd, to Troon Rd. ON SHOW SUNDAY 2.00 – 4.00 pm | WEB REF:KEP27762 ON SHOW SUNDAY 2.00 – 4.00 pm | WEB REF:KEP27865 ON SHOW SUNDAY 2.30 – 4.30 pm | WEB REF:KEP27375 PEARL LUTHULI - 082 642 3567 E: pearl.luthuli@harcourts.co.za

ANJ SRIBRATH - 083 419 0919 E: anj.sribrath@harcourts.co.za

FIONA PATRICK - 082 553 7810 E: fiona.patrick@harcourts.co.za

VIEW BY APPOINTMENT

ON SHOW SUNDAY

MONTROSE SIMPLEX

R780 000

This cosy cottage has been significantly renovated with open plan kitchen. It has one bedroom which overlooks the pretty gardens and a lock-up garage with extra shelving.This lovely retirement complex has a pool and tennis court and good security, a library and communal lounge. Follow boards from Corner Connor Road and Chase Valley Roads ON SHOW SUNDAY 2.30 – 4.30 pm | WEB REF:KEP28267 IRENE COOK - 072 483 9505 E: irene.cook@harcourts.co.za

PELHAM

GLERYL DE RAUVILLE - 083 286 5758 E: gleryl.dr@harcourts.co.za

R950 000

3 large bedrooms with nice, 2 bathroom (mes) lounge, dining room, fully fitted kitchen (with stove/oven) and breakfast bar. One lock up garage, large piece of land all on a fully fenced property. VIEW BY APPOINTMENT | WEB REF:KEP27766 LAURRA MBHELE 082 834 5068 E: laurra.mbhele@harcourts.co.za

KZN-MOOI RIVER

R900 000

Tranquil location…Family Home !! This gorgeous 3 bedroom, 2 bathroom, face brick, family home is ideally located on a very quiet road overlooking agricultural land with a sunny, North facing aspect. A formal dining room and lounge as well as a sunny family room with a fireplace in both living spaces. The living spaces open onto a lovely covered verandah. A large kitchen with separate laundry and direct access into the double garage. A large established garden with beautiful trees and a magnificent view onto a woods and farmlands. For a viewing appointment please contact me.

VIEW BY APPOINTMENT | WEB REF:KEP28267

MICHELLE LANG - 082 496 1419 E: michelle.lang@harcourts.co.za

ATHLONE GEM - NEW TO THE MARKET R1 995 000

A warm and charming redbrick home in a quiet side road close to town, shops, malls and schools which offers many possibilities. High ceilings, wooden floors, 3 bedrooms, 2 bathrooms, great entertainment rooms leading to a pool and completely separate office/ideal for working from home. Safe off street parking and level grounds. The home is in immaculate condition and has an easy flow throughout for living and entertaining. This is waiting for you just to step into.Call for a private viewing

ORIENT HEIGHTS REDUCED

R730 000

Home Reduced to sell!! Well looked after home in orient height 3 bedrooms fitted , lounge and fully fitted kitchen with Stove. Lock up garage that can fit two cars , and fully secured easy access to transport , Bring an offers!!. To view, call Laurra. VIEW BY APPOINTMENT LAURRA MBHELE 082 834 5068 E: laurra.mbhele@harcourts.co.za

MONTROSE

VIEW BY APPOINTMENT | WEB REF:KEP27887

R780 000

VIEW BY APPOINTMENT | WEB REF:KEP28227 ESTELL SPIRES - 072 381 5816 E: estell.spires@harcourts.co.za

R1 525 000 ORIENT HEIGHTS

Tranquil surroundings. Spacious 3 bedroom (Mes) simplex (155sqm) with double garage and semi enclosed verandah with scenic views. Situated in Glen Eden Park.

R1 895 000

This home offers all the convenience for a large family. Consisting of 5 bedrooms (3 en suites) + jacuzzi, 2 reception rooms, TV lounge and a stunning kitchen. Single lock up garage, carport for 4 vehicles and excellent security. Dual access to the property. Call me to view this beautiful home VIEW BY APPOINTMENT | WEB REF:KEP26793

VIEW BY APPOINTMENT | WEB REF:KEP28278

LYNDA MARTIN - 082 450 2004 E: lynda.martin@harcourts.co.za

LINCOLN MEADE

Lovely 3 bedroomed simplex with 2 bathrooms (mes), lounge and diningroom, beautifully fitted kitchen and lock up garage with entrance into the unit. The unit has a manageable garden with stunning views. Well worth viewing.

FIONA PATRICK - 082 553 7810 E: fiona.patrick@harcourts.co.za

ANJ SRIBRATH - 083 419 0919 E: anj.sribrath@harcourts.co.za

FOR SALE IN SCOTTSVILLE PRIME SCOTTSVILLE R2 700 000

Situated on sub divisible land, this very substantial home features 4 spacious bedrooms, 2 reception rooms, study, kitchen, single garage, staff room and store room. Pool and a huge yard.

SCOTTSVILLE R1 900 000

SCOTTSVILLE

R2 250 000

Student accommodation with good return. 5 bedrooms, BEAUTIFULLY RESTORED VICTORIAN GEM 2 outbuildings.

FIONA PATRICK - 082 553 7810 E: fiona.patrick@harcourts.co.za ANJ SRIBRATH - 083 419 0919 E: anj.sribrath@harcourts.co.za

HIGHGATE WINE ESTATE R5 500 000

Sophisticated and understated elegance personify this beautiful master-built home where meticulous thought has gone 5 Expansive bedrooms with high ceilings, 4 reception into every detail. The open plan living area provides a seamless flow between the indoor and outdoor entertainment areas, rooms with fireplaces. Newly fitted kitchen with pantry including a superbly styled kitchen that forms an integral part of this warm family home and a fully enclosed sunroom that and wrap around verandah. Large pool and flatlet for extends from the main lounge. Magnificent country views of Inhlosane Mountain offered from almost every room in the rental purposes. house. 3 well- appointed bedrooms, 2 en-suite and an additional guest bathroom. Situated just 20 mins from Michaelhouse and 15 minutes to Howick (close to the Hospital & Superspar). This estate offers an idyllic and secure country lifestyle yet with VIEW BY APPOINTMENT | WEB REF:KEP26452 convenience. The discerning buyer can just move in and enjoy the tranquility! VIEW BY APPOINTMENT | WEB REF:KEP27684 LINDA K - 063 728 7577 E: linda.k@harcourts.co.za

DAVID PATRICK - 082 555 7599 E: david.patrick@harcourts.co.za

harcourtspatrickandco.co.za

Harcourts 033

@harcourts.co.za

ON SHOW SUNDAY

HILTON GARDENS

ON SHOW SUNDAY

R1 850 000 NORTHERN PARK

R1 395 000

3 Beds | 2 Baths | 1 Lounge | 1 Dining Room | 2 Garages

Harcourts Hilton is proud to list on a Sole Mandate this lovely modern family home set back from the road and overlooking a stunning sparkling pool. A contemporary kitchen, modern tiles and laminated floors, and a stunning full main en suite bathroom are just some of the lovely features! Within walking distance of Grace College, and the soon to be the Avenues retail development, as well as the Hilton Life Hospital, this home is in a prime position and ready for you to move in.

Just listed and priced to sell. A well fitted kitchen with granite tops and good size rooms throughout. In addition to the double garage carport there is a spacious flat. The position is excellent with a short walk to Greys Hospital, Northern Park School and the Liberty Mall.

Follow boards from Hilton offramp towards Hilton Life Hospital into Monzali Drive. ON SHOW SUNDAY 2.30 – 4.30 | Web: KHT33987 Trish Parsons C 082 904 3157 | T 033 343 3345 E trish.parsons@harcourts.co.za

HOWICK DIAMOND

R1 495 000

4 Beds | 2 Baths | 2 Lounges | 1 Dining | 2 Garages

WOW! This is a big home, with room to spare, including a loft guest room. Double garage, domestic quarters, laundry, workshop, storage, a walk-in pantry, formal lounge, formal dining room, a family lounge with bar, entertainment area under cover – need I go on? This home has it all!!Smack in the centre between the prep school and the high school, close to shops and an excellent address. What more could you wish for? Call now to view – this will not last long! VIEW BY APPOINTMENT | Web: KHT34224 Glenn Titmus C 072 686 1412 | T 033 343 3345 E glenn.titmus@harcourts.co.za

OLDE HILTON CHARMER R2 999 000

4 Beds | 5 Baths | 2 Lounges | 1 Dining Room | 2 Garages

A much loved home in central Hilton with a charm and character all of it’s own! With plenty of light streaming into every room and double volume living areas and good flow throughout onto the north facing veranda overlooking the pool and beautiful garden. The modern, yet homely kitchen has a living area attached and a separate scullery and laundry area. 3 internal en suite bedrooms as well as a separate, outside guest suite. Double automated garaging with extra workshop space and so much more. VIEW BY APPOINTMENT | Web: KHT34226 Cathy Fitzpatrick C 083 234 4864 | T 033 343 3345 E cathy.fitzpatrick@harcourts.co.za

HAPPY FAMILY HOME IN HILTON R1 545 000

4 Beds | 3 Baths | 1 Lounge | 1 Dining Room | 2 Garages

This charming home has been lovingly renovated and the owners now need to move on. Their favourite feature is the beautiful enclosed patio complete with built in braai and aluminium sliding windows that open up on a warm sunny day. A small plunge pool completes the picture! Inside is a large living room with a cosy open wood fireplace, open plan kitchen and a self contained flatlet. This well loved home is perfect for a growing family. VIEW BY APPOINTMENT | Web: KHT33875 Trish Parsons C 082 904 3157 | T 033 343 3345 E trish.parsons@harcourts.co.za

.co.za

Follow boards from Grey’s Hospital to Allan Hirst Drive. ON SHOW SUNDAY 2.30 – 4.30 | Web:KHT34222 Brian Wilkes C 082 417 6166 | T 033 343 3345 E brian.wilkes@harcourts.co.za

HILTON FLAT

ON SHOW SUNDAY

R1 150 000

2 Beds | 2 Baths | 1 Lounge | 1 Dining Room | 2 Carports

HAYFIELDS

R1 495 000

This lovely family home is ready for a new family. 3 Bedroom, 1 bathroom in the house with a guest bedroom and en suite. Great kitchen with both back and front veranda’s enclosed. Call me to arrange a private viewing if you can’t make the show day. Follow boards from Corner of Hesketh & Foxon Road. ON SHOW SUNDAY 2.30 – 4.30 | Web: KHT33985 Michelle Byres C 072 120 6160 | T 033 343 3345 E michelle.byres@harcourts.co.za

COMPLEX – CENTRAL

R 2 200 000

A beautiful and well maintained, North facing home having 2 bedrooms, a study, a separate guest suite, double garage and enclosed court yard. There is also a beautiful English country garden – all at the right address!

VIEW BY APPOINTMENT | Web: KHT33998

VIEW BY APPOINTMENT | Web: KHT33848

BALGOWAN

R2 950 000

Take advantage of this rural/residential property, surrounded by farmland. Stunning home in the centre of the Midlands Meander, up a quiet lane on 1 hectare of private land. The property includes a home nursery business with a large variety of exotic plants. The house has four bedrooms; the main is a large bedroom en-suite. Three other bedrooms, open plan lounge and dining area, pub/sunroom, covered patio in beautiful garden. Two bathrooms, mes, and walk in dressing room. Large kitchen with separate scullery and laundry room. Tunnels, greenhouses, all beautifully maintained. Move in and take advantage of the thousands of plants to commence the nursery business. VIEW BY APPOINTMENT | Web: KNH3657 Roger Nevin C 082 555 3995 | T 033 343 3345 E roger.nevin@harcourts.co.za

SERENITY AT ITS BEST

R749 000

3 Bedroom, 1 en-suite bathroom, with a guest bathroom, spacious lounge and dining room area, single garage, covered patio within your own space in a secure complex. Easy access to main roads N3 and local schools and amenities. This sought after complex offers affordable living with a levy that won’t break the bank. Don’t delay and miss out on getting onto the property ladder. VIEW BY APPOINTMENT | Web: KHT33984

Cameron Day C 082 530 3366 | T 033 343 3345 E cameron.day@harcourts.co.za

R2 400 000

A modern, North facing family home open plan living for everyday life as well as the formal dining area and a large pub/games room area and pool area. Private, excellent address and easy access to the local schools and the Hilton village. VIEW BY APPOINTMENT | Web: KHT33838

Follow boards from Curry’s Post Road to Dennis Shepstone. ON SHOW SUNDAY 2.30 – 4.30 | Web: KHT33832

HILTON

R2 850 000

Situated in the heart of Hilton this exquisite designer home includes a 1 bedded guest room with own entrance, open plan lounge kitchen and family room with 2 additional lounges and an enclosed veranda with built in braai....... and so much more. It has to be viewed to be appreciated. VIEW BY APPOINTMENT | Web: KHT33797

HILTON

R2 195 000

Nestled in one of the only gated estates in Winterskloof, this loved and cherished home is waiting for a family to move in. Enjoy country living with horses grazing virtually on your doorstep. You will be inspired to entertain on the spacious dining room which leads out onto two covered verandas. Call me to view! Easy access to PMB Hilton schools and the Quarry Shopping Centre. VIEW BY APPOINTMENT | Web: KHT33943

Barbara Rogers C 082 802 5956 | T 033 343 3345 E barbara.rogers@harcourts.co.za

HILTON DUPLEX

Welcome to an extremely well presented thatched roof home, offering a wealth of charm and character throughout. The main house could easily be used as a Bed & Breakfast, and has two income generating cottages.

Shirley Stephenson C 083 292 0599 | T 033 343 3345 E shirley.stephenson@harcourts.co.za

Barbara Rogers C 082 802 5956 | T 033 343 3345 E barbara.rogers@harcourts.co.za

HILTON CENTRAL

R1 699 000

4 Beds | 3.5 Baths | 1 Lounge | 1 Dining Room | 2 Garages

Njabulo Gule C 073 725 1707 | T 033 343 3345 E njabulo.gule@harcourts.co.za

A perfect lock up and go, modern unit with clean lines and offering a lovely outlook and deck, good sized living areas with 2 bedrooms (one en suite). This is a great investment!. Cathy Fitzpatrick C 083 234 4864 | T 033 343 3345 E cathy.fitzpatrick@harcourts.co.za

WINTERSKLOOF

Shirley Stephenson C 083 292 0599 | T 033 343 3345 E shirley.stephenson@harcourts.co.za

R1 799 000

3 Beds | 2 Baths | 1 Lounge | 1 Dining Room | 2 Garages

Starting up or scaling down, this modern and immaculate duplex should be on your VIEWING list. A home that offers style and easy living within a lovely well-maintained gated complex. Take a quick walk to the Quarry Spar, and a short drive to various Hilton schools, the location is just perfect. It’s not central, yet it’s not on the outskirts. Call me, keen sellers. VIEW BY APPOINTMENT | Web: KHT34232 Tracy Summerton C 079 438 8059 | T 033 343 3345 E tracy.summerton@harcourts.co.za

HOWICK – 700m2 WAREHOUSE TO LET R35 / m2 EXCL. VAT 700m2 warehouse to let in Howick, situated in a secure industrial complex with 24 hour security. Available from 1 September 2018. VIEW BY APPOINTMENT | Web: KHT34238 Melissa Line C 082 495 0655 | T 033 343 3345 E melissa.line@harcourts.co.za

Experts in home finance.

privateproperty .co.za

Harcourts 033

@harcourts.co.za

There might be chill in the air............ But our market is HOT! Don’t be fooled into thinking that winter is not a good time to sell and that you should wait until spring. Most buyers can’t or won’t wait on the seasons to make a buying decision – if they need to move most will do it NOW! There are plenty of well qualified buyers on our register and due to a lack of current stock in the market are paying outstanding prices for the right property. Can’t Sell?... Read on... I am amazed at the number of properties that linger on the market unsold! If you are serious about selling then call us now. We won’t just list it and leave you, we will Get You Sold! With over 40 years experience and recipient of national sales, awards you know your sale is in capable experienced hands.

ANDREW LINE (Principal) - Call now 033 - 343 3345 | 083 637 0817 TEAM HARCOURTS HILTON – WE’LL GET YOU HAPPILY MOVED!

Hillary Road

Devonshire Lane

Ambarlea

Sunbird

Strathleven

Laddswood Lodge

Garlick Avenue

Rodge Road

Hillside Road

Bramble Lane

Rowan Place

Elizabeth Drive

Irvine Road

Villa Cortina

Valley Road

Kemsley

Lyngary Road

Tanner Road

Willowbrook

Panoroma Road

Serious about selling?...

So are we!...

Want your best price?...

Not only will we get you sold for your best price, we won’t cost you the earth to do it! Place your home on our top seller list & get team Harcourts Hilton working for you NOW!

Andrew Snyman 083 387 7579

Melissa Line 082 495 0655

Barbara Rogers 082 802 5956

Michelle Byres 072 120 6160

.co.za

Brian Wilkes 082 417 6166

Njabulo Gule 073 725 1707

Cathy Fitzpatrick 083 234 4864

Roger Nevin 082 555 3995

Cameron Day 082 530 3366

Shirley Stephenson 083 292 0599

Glenn Titmus 072 686 1412

Tracy Summerton 079 438 8059

Jane Lait 072 107 1748

Trish Parsons 082 904 3157

Experts in home finance.

Linda Eyre - Rentals 033 343 3345 privateproperty .co.za

EXCLUSIVE MANDATES

Colin Rodger HAYFIELDS MALL 082 784 3123

033 386 6623

Colin Rodger

033 386 6623

HAYFIELDS MALL 082 784 3123

ON SHOW PM 0-4:30 N SU 2:3 PELHAM CLINKER DUPLEX R725 000 A super 2 bedroomed clinker unit in a very popular part of New Scotland Road. 2 bedrooms and a bathroom upstairs, while downstairs, the lounge opens onto a garden and the well fitted kitchen leads to a rear enclosed garden. 2nd toilet and lock-up garage too! No Transfer Duty and close to shops. Follow boards from College/New Scotland Roads to Braemar Park.

ONE OF PIETERMARITZBURGâ&#x20AC;&#x2122;S LOVELIEST DUPLEXES A top quality North facing face-brick unit comprising 4 Bedrooms, 2 bathrooms, guest toilet, beautifully fitted kitchen, 2 massive lounges, double automated garage and a stream running through the complex. Communal swimming pool and tennis court.

2 & 3 BEDROOM LUXURY APARTMENTS NOW SELLING AT LAUNCH PRICES

R1 895 000 • 10% deposit 10% deposit securessecures ownership ownership. No transfer duty • No transfer duty. • Direct from the developer.

S T Y L I S H

L I V I N G

S E C U R E

E S T A T E

R E N T A L

Direct from the developer

O P T I O N S

To rent from R12 500 per month, to purchase from R1 895 000. TO BOOK A VIEWING CONTACT A S H L E Y H E S S E ON 072 011 8404 OR EMAIL A S H L E Y . H E S S E @CENPROPDEV.CO.ZA WWW.VICTORIARIDGE.CO.ZA

ASG

55 LAHORE ROAD TEL: 033 387 3781

ASG

CLELAND - R 2 850 000 ALL THE BELLS AND WHISTLES... Certainly has the WOW factor, 4 Bedrooms, Lounge, Dining, Home Theater Room, Deluxe Kitchen, Airconditioned, Undercover Pool and Entertainment areas, 3 Bathrooms, Main Bedroom with Dressing Room and Ensuite,. Finished with an outbuilding, CCTV, Fully Fenced, on a Flat Land. CONTACT: SAN 083 786 5995 or PAVI - 083 779 0214

PROPERTIES TO LET Rasiethorpe 2 Bedrooms, bics- R 4, 800 Dunveria 2 Bed, f/f kitchen, - R 4, 500 Dunveria 3 Bed, l/u garage - R 6, 500

NORTHDALE - R 585 000 NORTHDALE - R 395 000 SINGLE COTTAGE 3 Bedrooms, Flat Land, Fully Walled, Fitted Kitchen, Close to all amenities

Renovated Home consisting of 2 Bedrooms, Lounge, Kitchen. Flat Land & Fully Fenced CONTACT YUGEN - 082 482 8157

NEWHOLMES - R 1 000 000 ORIENT HEIGHTS - R 7, 500 3 Bedrooms, BICs, FF Kitchen, Fully Tiled with a Let 1 Bedroom Outbuilding. Double carport CONTACT - YUGEN 082 482 8157

CONTACT PAVI - 083 779 0214 VIEW BY APPOINTMENT

VIEW BY APPOINTMENT VIEW BY APPOINTMENT

3 Beds, open plan lounge & dining room, FF Kitchen. MES, Remote Access, Double Lock Up Garage CONTACT: PAVI or YUGEN

Raisethorpe Office Space, fully tiled - R 3, 600 Presbury 2 bedrooms, f/f kitchen,R 4 500 CONTACT YUGEN or PAVI

PAVI - 083 779 0214 YUGEN - 082 482 8157

1967 - 2017

EST. 1967 / PROUDLY MARITZBURG WELCOME

BOUGHTON

HAYFIELDS

OAK PARK

SCOTTSVILLE

R1 550 000

HAYFIELDS

SCOTTSVILLE

R1 695 000

NPC

ON SHOW 2.30-5

R1 450 000 NEG.

HAYFIELDS

R1 350 000

NPC

ON SHOW 2.30-5

ON SHOW

ON SHOW 2.30-5

R1 145 000

2.30-5

BISLEY HEIGHTS

R1 045 000

BELLEVUE

R900 000

NPC

ON SHOW 2.30-5

R3 450 000

ATHLONE

460 Town Bush Road

R2 400 000

R1 345 000

LINCOLN MEADE

R1 180 000

1967 - 2017

CHASE VALLEY

EST. 1967 / PROUDLY MARITZBURG R1 250 000

CLELAND

R1 120 000

WEMBLEY

R1 040 000

PELHAM

R950 000

PELHAM

R950 000

CHASE VALLEY

R924 000

CLARENDON

R850 000

BELLEVUE

R840 000

IMBALI UNIT 15

R750 000

EASTWOOD

R570 000

PANORAMA GDNS

R595 000

PELHAM

R495 000

CENTRAL

R410 000

SCOTTSVILLE

R340 000

COPESVILLE

R370 000

CENTRAL FROM R350 000

460 Town Bush Road

Landlords and tenants. Call us TODAY!

RentalsDOTcom First Choice 033 394 0789

Albie 082 553 9921 | Beverley 072 417 1068 beverley.smith@rentalsdotcom.co.za 201 Burger Street, Pietermaritzburg Home owners who decide SELLING to sell often get expressions interest from friends or PROPERTY offamily members, but they let these distract TO FAMILY shouldn’t them from their marketing - DON’T LET plans. A RELATIVE KEEP YOU ON A STRING!

will be reluctant to start marketing a property where relatives or friends of the seller are excluded from their mandate (and thus from a commission-generating sale).

“So what we suggest is that if your cousin says he would be keen to buy your home or your friend says her sister might be interested, it is best to respond positively right away by being definite about your asking price and giving them a specific “In our experience,” says Gerhard Kotzé, period – say two weeks – in which to let MD of the RealNet estate agency group, you know if they are at all serious about “it is only very seldom that a relative or making an offer, and whether they have friend will follow up and become a even made a start on applying for a home genuine buyer. And if they do, the personal loan.” relationship can make it very awkward for the seller to negotiate price with them or If they don’t meet this deadline, he says, agree on other terms of the sale. you can be pretty sure they were just “On the other hand, most estate agents daydreaming, and that you should go

ahead and give your estate agent an unencumbered mandate to market your property and find you a real buyer. “Meanwhile from the buyer’s point of view, it is good to know when there are any friends or family members of the seller who have expressed interest in the property, because that could put you at a disadvantage for financial as well as sentimental reasons,” says Kotzé . “The seller who accepts an offer of R1m from you and has to pay an agent’s commission of 7% including VAT, for example, is only going to net R930 000 on the sale. So if there’s a relative or friend who is bypassing the agent and ‘buying direct’, it will be that much easier for them to match or better your offer.” Source – My Property

Renovating your rental...

Source – My Property

Anybody who has ever lived in a rental property will know that almost all rental agreements stipulate that any amendments to the structure of the property is strictly prohibited.

the bathroom… No, wallpaper today is available in a smorgasbord of colours, patterns and designs. “It’s a great way to create a feature wall, a focus point or a touch of playfulness to a room,” Van der Linde suggests. And the best part is that certain wallpapers are removable, which means you can neatly and easily remove it again when you move out of your rental.

A coat of paint The great thing about paint is that it is not permanent and that you can simply paint over it Luckily there are a numbers of alternations and again. Neatly interventions that don’t necessarily impact on painted walls can the structure of the house or flat. make all the difference in a “Most landlords allow for a reasonable measure home. Whether a of customisation, provided you check with neutral palette is more your style, or you prefer them – in writing – before doing anything,” says bursts of colour, paint is the way to easily Harry van der Linde, Rentals Principal at enhance the overall aesthetic of a place. Leapfrog Pretoria East. Make sure that whatever you do, is done neatly Mirror mirror on the wall and professionally and that it can easily be Mirrors are a wonderful way to enhance a transformed back to its original state. Van der space. Not only do they create the illusion of Linde shares tips and pointers for simple, more space, but they also reflect light – both minimally invasive ways to renovate a rental. natural and from the fittings – which works to Many tenants find this frustrating because even if you don’t own the property, it’s certainly still your home and understandable that you want to make it look and feel like yours.

Off the wall Wallpaper is currently experiencing its biggest revival since the 1970s! And don’t think it’s all florals and paisley like granny used to have in

make a room appear warmer and more inviting. “Replacing an outdated mirror with one that is more contemporary in shape, and with a more trendy frame or finish can do wonders for

adding that extra something to your rental,” Van der Linde recommends. Make light of it Much like mirrors, outdated, impractical or unsuitable light fittings can be a real eyesore in a home. The good news is that they are super easy, and generally very affordable, to replace. A chandelier may be just the things for a double volume space, while an elegant pendant light can go a long way to lighten most rooms with ceilings of a conventional height. And when it is time to move out, you can always change them back to what they were before, if needs be. Hardworking hardware Not an easy or cheap intervention, but certainly one that can make a big difference in updating a rental is to look at replacing the hardware. But only if you have a long- to medium-term lease, says Van der Linde. Things such as sanitary fittings, kitchen counters, shower doors and even carpets are some of the hardware of a home that needs to be updated every 15 years or so. This is not the type of

thing you should do without consulting the landlord. “In fact, it may be the kind of thing that the landlord and/or homeowner would be willing to pay for, as it adds to the overall value of the property,” Van der Linde reckons. A helping hand(le) With interiors and the overall look and feel of a room, the difference is often in the detail. Little things like the door and cupboard handle is a seemingly small thing, but it can really help to update the look of a room. Think black ceramic, polished metal, vintage, antique or anything in between. It’s another way to discreetly add a design element to a room, which can effortlessly be restored to its former state. Smile for the shelfie Shelves are an often overlooked feature that can enhance a space in several ways. Floating shelves, in particular, are unobtrusive, easy to install and are as pretty as they are practical. It’s a clever way to add more storage space to a room or to display interesting object, special picture frames or other such items of meaning. Check that whatever it is that you want to do doesn’t contravene the terms of the rental contract. “In all cases, it is essential to check with the landlord and get permission in writing, before spending money and effort on sprucing up a rental, though cosmetic enhancements are often forgiven, if not encouraged,” Van der Linde concludes.

Why your bond is your best investment So you are comfortably making your bond payments at the end of every month and looking for a sensible way to invest your surplus capital. What is the next step in making your hard-earned money work best for you? Often financial advisers will likely tell you about a range of investment options with varying levels of risk and they might claim that some might even have the potential to reap significant benefits down the line. But why look to diversify your investment portfolio when the best possible investment you could make is, in fact, in your existing bond?

You need to be aware that a huge amount of approximately R25 000 of this will go towards paying off the interest, with only the remainder actually being used to repay your bond. This means that the total cost of the interest you pay back to the bank over a 20-year period will in fact equal, or even exceed, the original cost of your house. This is due to what is known as compound interest, a principle by which the interest that you are paying on your investment builds up interest of its own and over the repayment period, you can actually end up paying a total amount of about R6 million. Therefore the above amount can be reduced significantly by investing additional money into your bond.

Interest reduction vs accrual Although it may seem more appealing to watch an investment accrue interest, dividends or capital growth, you will basically be achieving the same end by paying off your existing interest. Thus when one takes into account the fact that your bond repayYes it is often tempting to invest an additional ment is paid with post-tax income by making addimonthly income into an investment that might tional payments into your bond, you are looking at a seem more exciting than a bond. But the amount real interest rate of anything up to 17%, a rate of you’ll save by investing any excess capital into return you are unlikely to find in any other asset your bond will in the long term far outweigh the class. Therefore by paying a slightly larger capital rate of return you could hope to achieve by amount every month to help you to pay off your investing it elsewhere. debt, you will end up saving considerably more than you could hope to earn by investing additional cash What does this really mean? elsewhere. Paying off two loans When you take out a bond, you are essentially paying off two loans every month, the first is repaying the capital amount and the second is paying the interest charged over the loan period. Let’s assume you’ve taken out a loan of R3 million, with an average interest rate of 10%, your monthly payment will be approximately be R29 000.

For example, by increasing your monthly bond repayments by just 10% on a R3 million loan, you could end up paying off your 20-year bond in just 16 years, saving yourself four years’ worth of payments and interest in the process. Risk-free returns There isn’t any other investment that can guarantee you this type of return over the course of 20 years.

High-yield asset classes like stocks only tend to produce a 4-6% annual dividend, and even then there is significant risk associated with the investment. On the other hand, property is fairly risk-free, with prices tending to increase year-on-year in the region of 6%. In uncertain economic conditions the financial prospects for a company can rapidly deteriorate while the property market has proven able to withstand fluctuating market conditions relatively well. Thus by negotiating a fixed interest rate with your bank you will be able to ensure that your monthly amounts remain unchanged over the course of your repayment period which will further reduce your financial risk. Therefore one must be sure to exercise caution and seek out a second opinion should your investment prospects seem to be too good to be true. Save now and spend later Not only will the investment of additional capital into your bond help reduce your debt more rapidly, but it will also leave you with a significantly larger savings pool to draw upon for further investment down the line. Therefore by paying off your bond faster you will be afforded a far stronger financial foothold and be able to accrue real profit from a diversified investment portfolio at a later stage. Thus one need to seriously consider making your bond repayments your immediate investment a priority and you will be sure to reap greater financial rewards in the long term.

By: Randles Attorneys For more information on this or any other legal related queries please contact us at professionals@randles.co.za or 033 392 8000