The property GAME
woman & home South Africa|Women&Home; June 2023
Since the dawn of time, property ownership has been a sign of wealth. But is it a good idea and where does one start?
SYLVIA WALKER
The property GAME

American writer Mark Twain famously said, ‘Buy land, they’re not making it anymore,’ and there’s truth in that! People always need a place to live, work and relax, so property can be a money spinner for the savvy investor. But it’s not easy money, so make sure that you understand all the options before you jump in boots and all.

BUY TO LET

Ever fancied yourself a landlord? Buying property for long-term rental can bring in a nice income as well as capital appreciation if you sell one day and it’s grown in value. You may need to finance the sale if you can’t buy cash and this will add to your costs (interest and bond registration costs). Some other costs will also need to be covered, such as transfer fees. Before signing on the dotted line, calculate your yield (rental income less expenses such as maintenance, levies, rates, bond repayment, etc.) divided by the price of the property. Also determine the yield of other properties in the area, so you do not end up paying too much. Neglecting this step could be financially disastrous.

This story is from the Women&Home; June 2023 edition of woman & home South Africa.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the Women&Home; June 2023 edition of woman & home South Africa.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM WOMAN & HOME SOUTH AFRICAView All
Till death do us part
woman & home South Africa

Till death do us part

It is not a lack of love, but a lack of friendship that makes unhappy marriages, said Nietzsche. He may be on to something, says Lorraine Kearney

time-read
3 mins  |
Woman&Home; February 2024
Hit the ROAD
woman & home South Africa

Hit the ROAD

Ensure your vehicle is as ready as you are for your long-awaited summer road trip

time-read
3 mins  |
Woman&Home; February 2024
Make a meal of it
woman & home South Africa

Make a meal of it

There are two basic rules when it comes to wine and food pairing: acidic wine with acidic food, and low acid wine with savoury food, Lorraine Kearney learns

time-read
3 mins  |
Woman&Home; February 2024
Update your GARDEN
woman & home South Africa

Update your GARDEN

Now's the time to refresh your outdoor space

time-read
3 mins  |
Woman&Home; February 2024
the art of INTERIORS
woman & home South Africa

the art of INTERIORS

Colour and texture are the stars of this apartment, writes MARGARET RAFFERTY

time-read
2 mins  |
Woman&Home; February 2024
FALLING OFF THE DIET WAGON isn't a disaster
woman & home South Africa

FALLING OFF THE DIET WAGON isn't a disaster

Changing your mindset is key when it comes to smashing your health and fitness goals, says Annie Deadman. Already let things slip? It's not over yet

time-read
2 mins  |
Woman&Home; February 2024
LIFE after BETRAYAL
woman & home South Africa

LIFE after BETRAYAL

Broken trust can take on many forms, but there's always one common denominator - a feeling of hurt that can last for decades

time-read
3 mins  |
Woman&Home; February 2024
The Ties That Bind
woman & home South Africa

The Ties That Bind

We're all humans, which means we all need relationships to survive. stands to reason that good relationships are the best kind to have. There are ways to get there, says Lorraine Kearney

time-read
4 mins  |
Woman&Home; February 2024
A beauty REVELATION
woman & home South Africa

A beauty REVELATION

The self-care sanctuary Nylde Hoffman and Riëtte Lategan introduced to Stellenbosch has become a sought-after location. We spoke to them about how clients and staff are equally important in their success

time-read
3 mins  |
Woman&Home; February 2024
Love me, LOVE MY MONEY
woman & home South Africa

Love me, LOVE MY MONEY

Married people are generally wealthier than their single counterparts. But finding peace with your partner when it comes to finances can be a tall order

time-read
4 mins  |
Woman&Home; February 2024