The Westville Tree House
Property. Get your piece of the cake
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Did you know ... a Standard Bank home insurance policy (and all other home loan insurance police do the same) typically covers the building's replacement value, but it does not include the value of the land on which the house is built. The insurance covers the structure, not the land. For risks like fire, water, and storm damage, and potential issues like subsidence or landslip, according to their website may not be included in your home loan insurance.
Get your piece of the cake. Voiser-2024-11-04-l3MAKgAi.mp3Homes
Homes
Get your piece of the cake. Make sure you become a home owner
Put your money into property. Buy a house. You will need a deposit before the bank will give you a loan. Open a saving account and start depositing into that account to accumulate a deposit.
“Don’t waste your money on expensive cars. They’re like the retirement insurance policies sold by banks and insurance companies – their value doesn’t always reach the promised level.”
If the bank sees you trying to save for a deposit they are much more likely to lend you money. If they see that you spend every penny that you earn then they may not be so willing to lend.
Take a rail road trips around Southern Africa.
“The cost of buying and selling a house needs to come down. High commission fees ultimately burden homeowners, as these costs are passed on to them. While commissions increase the cost of a home, they do not actually add value.
Did you know that in Germany, it is not uncommon for a house to stay in the family for 200 years? They just don't want to sell their homes.
In all the suburbs of South Africa, there are many great, hard-working estate agencies that can help you buy a home or find a new owner for your property. Just like with any smart homeowner, seller, buyer, it is important to negotiate what you pay the agency for their service.
Remember, it is your money, and one day you need to retire! Read on.
The cost of buying and selling a home in South Africa is too high. Let's focus on the high cost to sell our most precious possession and the thing that we least want to part with. The family Home.
We may have been forced into doing so because we have reached a financial crisis, unemployed thru no fault of our own and can no longer pay the calling mortgage bank. South African estate agencies charge homeowner 8% commission when the house has been sold. (The commission varies between 4% and 8%. In the United Kingdom and the European Union, that fee is between 1.2 - 1.8 %)
If the home is valued at 2M and the agencies charges an 8% commission that comes to a whopping R170,000 plus transfer and legal fees = R12,000 brings the total to R 182,000 in commission paid. Almost a quarter of a million rand.
Dear homeowners, that huge payment is just too high cost to find a new owner for your home. Plus, the fact that many homeowners needing to sell their properties are venerable in a stressful situation that is no fault of their own.
The long-term implications of the "high commission" type payment for services is that when the house has been bought and sold 2 or 3 times as happens in many cases, the estate agencies commissions have added 25% onto the cost of a home. That means the next homeowner caries this added commission cost with him and has greatly increased his debt. Those high costs are one of the reasons many of our hard-working folks will retire one day without pension support. There was just nothing left over to put aside for retirement after paying for the overly high home bond.
A house. A Flat. A commercial property. Office Space. And that should be 2% OR MAXIMUNM 2.2%. WE ARE GOING TO KEEP THE MONEY IN THE POCKETS OF THE HOMEOWNER. After all, it is the homeowner who has worked for and paid for the house. Right?
The cost of selling a home must fall. NO MORE HIGH PROPERTY COMMISSION FEES. It just becomes too easy to load the price of selling the house to an unsuspecting and struggling homeowner trying to feed a family & keep a roof over his head. NO MORE HIGH COMMISSIONS. Stand up people. This is your money. We don't have to be over charged just because we are South Africans. - John Venediger Remember. If you buy a big, expensive motor car it means that you will probably never own a home of your own. DONT WASTE YOUR MONEY ON NEW AND EXPENSIVE CARS.
In Europe, real estate agent fees vary by country, but here are some general ranges:
In the United Kingdom, estate agent fees typically range from 0.5% to 3.5% of the property sale price. The average fee is around 1.43% inclusive of VAT
John Venediger
Shop fitting job cost estimation: westville1@gmail.com. Call 0833245436 John Venediger
Below, using Google spreadsheet to cost a shop fitting job.
Shop fitting Cost Estimator.pdf
Don't forget, induction cookers only work with induction pots. If you buy an induction stove, you will also need to get the induction pots and pans.
And they cost a pretty penny. Don't be in a hurry to buy the pots.
It is better to go to the shopping malls and see first hand. Shopping on line you can never get a good feel for what you are paying for. Go to your nearby shopping mall.
Plus, it is 10 time more fun going to the shopping mall for coffee , breakfast first and then shop around for your pots and pans.
You have been working your heart out all week, now relax and have fun at the shopping mall.
Don't forget, be kind be patient look after one another. A kind word and a caring smile make all the difference in the world to the next person is so uplifting. And as the tide rises so will you.
The nicest thing that we can do is to listen to someone else.
Induction cooking is the most efficient way to cook and uses half the energy a normally stove will use. Heating is performed using direct electrical induction heating of cooking vessels rather than relying on indirect radiation, convection, or thermal conduction. Induction cooking allows high power and very rapid increases in temperature to be achieved; changes in heat settings are instantaneous.[1]
Better to go shopping in store at Makro or Pick n Pay or any other shops that sell pots and pans and take a look first hand. A better quality pot will make your cooking more enjoyable.
6 Bedroom home $460,000
4 Bedroom Townhouse $290.000
Below. Must take a look inside. There are many inside images to view. Plus their is a bungalow that is separate from the house.
Amazing houses are for sale In Westville. Witch one would you like ?
Three pumpkins
Three pumpkins
Oow, i will take the "Three Pumpkins" house. It even has its own graveyard.
Oow, i will take the "Three Pumpkins" house. It even has its own graveyard.
The happy knocker
The happy knocker
Oow, i will take the Happy Knocker house. See the beautiful balcony.
Try NOT to borrow against your house.
The bank will lend you just about any amount of money as long as they think the value of your property will cover any default and expenses.
If for some reason you cannot repay your borrowings, you may end up destitute and never recover. It is fun to spend money. But it can lead to the most terrifying financial consequences. And remember the best investment you will ever make is your home. Look after it. Do not borrow against it.
Owning a home is the best pension retirement investment ever.
1. Here is a GREAT pension plan.
2. Pay off your home by the time you reach retirement.
3. Then at retirement age go to your bank and ask them if you may draw out a small amount of cash each month against the collateral (asset) that is your home.
4. There you have a pension plan that will pay you good for the rest of your days.
Get your piece of the cake. Make sure you become a homeowner. Interest rates must fall.
One more thing. Try not to borrow money against your house. because if you over borrow you could find yourself living under a tree and have no roof over your head. And then you will own what is called a "tree house". OK.
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