building insurance
Rental property owners are able to mitigate the risk of tenant vacancy by taking out rental insurance, although this type of cover is generally expensive. There are a few insurance companies that offer risk cover protection that cover three months’
Don’t fall into the trap of assuming that the Consumer Protection Act affords you blanket protection when it comes to buying property. In reality, this piece of legislation only comes into play if the seller regularly sells property or markets
You will also need to budget for moving costs which can range between R5 000 and R25 000 depending on the contents of your home, your location and when you choose to move.
Municipal rates and taxes are calculated based on the market value of your home, which means that larger homes with a higher market value will have higher municipal rates. Speak to the seller of the property about what they are
