What to know
- Include rates, levies, insurance, security, utilities and maintenance.
- Build an emergency buffer for repairs and temporary income disruption.
- Understand the effect of variable interest rates on repayments.
- Avoid using every available rand of credit for the purchase and then having no maintenance reserve.
Important Information
The information in Fabulous Homes Insights is provided for general property education and information. Property, tax, finance, sectional-title, rental, municipal and compliance matters can differ according to individual circumstances, contractual terms, scheme rules, municipal requirements and changes in law. Where necessary, readers should obtain advice from an appropriate attorney, conveyancer, tax practitioner, financial professional, property practitioner, engineer, inspector or other suitably qualified professional.
