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Heritage comes at a cost

Owning a structure that is more than 60 years old means you cannot make changes without permission

The idea of owning a home in a heritage zone is, for many buyers, added excitement in the home-buying process. But being the owner of such a home does come with its own downsides, agents say.

The National Heritage Resources Act of 1999 states that any home older than 60 years is, technically, a heritage home, and according to the act: No person may alter or demolish any structure or part of a structure which is older than 60 years without a permit issued by the relevant provincial heritage resources authority.

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Property Writer
Property360.co.za

Posted at 09:11AM Oct 22, 2018 by Editor in Market  | 

Even duets need a body corporate

There could be trouble ahead for the owners of duet homes and properties in small sectional title (ST) estates that do not have a functional body corporate and are not being run in terms of the Sectional Title Schemes Management Act (STSMA).

Posted at 09:12PM Oct 20, 2018 by Editor in Residential  | 

Mind the complexities when investing in holiday rental property

The rise in popularity of Airbnb has seen somewhat of an explosion of people investing in short-term rentals as property owners look to capitalise on what is often seen as lucrative rental income.

While the income can be attractive, there are many complexities and pitfalls, says Natalie Muller, sales and rentals manager for Seeff Atlantic Seaboard and City Bowl.

Posted at 08:56PM Oct 20, 2018 by Editor in Residential  | 

Be prepared and budget for rental repairs

No matter how carefully they are chosen to be “low maintenance” or inspected by both tenant and landlord, rental properties – like other homes – will require some upkeep and, from time to time, some repairs.

Posted at 09:34AM Oct 19, 2018 by Editor in Market  | 

Read fine print in lease

Landlords and tenants must ensure they agree to certain essential requirements for a lease agreement to come into existence. In addition to important information that is a part of a lease contract, the Rental Housing Act 50 of 1999 requires tenant and landlord to include specific information and imposes certain duties.

Posted at 09:29AM Oct 16, 2018 by Editor in Industry  | 

Important announcement from IOLProperty

We are excited to announce that from next week you will be receiving our newsletter in a more modern, user friendly format.

All the property related articles that appear in the newspapers across the Independent News and Media group will be sent out via our sister site Property360.

Please be assured the source of the articles you subscribe to receiving is exactly the same, only now they will be sent from one platform. We thank you for your continued interest.

Posted at 07:13AM Oct 16, 2018 by Editor in Market  | 

Retail has been the hottest property sector

The Retail property sector appears to have outperformed the other major property sectors over the past two to three decades, according to FNB.

Posted at 10:12AM Oct 12, 2018 by Editor in Market  | 

Gansbaai draws whale watchers, shark divers and serious buyers (Southern Cape)

Gansbaai (which includes Kleinbaai and De Kelders), is just over 2-hours’ drive from Cape Town and about half an hour from Hermanus. It is situated on Walker Bay at the foot of the Dynefontein Mountains with a magnificent coastline rich in fynbos vegetation.

Posted at 09:42AM Oct 10, 2018 by Editor in Market  | 

Coastal reserve homes in demand, Jakkalsfontein (West Coast)

With only a limited number of coastal nature reserves with housing estates available along the coast, these tend to be very popular as they offer the best of beach and pristine nature reserve living according to Cynthia Cousins, Seeff’s agent for Jakkalsfontein.

Posted at 09:36AM Oct 10, 2018 by Editor in Market  | 

White-washed Paternoster fishing village lures holiday and retirement buyers (West Coast)

Aside from the beautiful coastline and white-washed architecture of Paternoster, just about 90-minutes outside of Cape Town, it is an ideal base for people looking to catch a glimpse of the stunning flower carpet that envelops the area during Spring.

Posted at 09:19AM Oct 10, 2018 by Editor in Market  |