Protect your investment

Renting out the Property helps you pay off the bond, while the property increases in value.

The Buy-to-Let Investment choice is very popular. especially in larger areas like Gauteng. The obvious advantages are that the bond pays for itself and the investment takes care of itself as long as the property is maintained. Once the bond is paid off it continues to be a constant flow of monthly income.

Like any good investment this investment option does not come with any guarantees and there are a few very important factors that need to be considered. You must firstly research the market and the area in which you are looking to buy. Choose an area where people would like to live. Transport routes and schools are important factors. Research the rental prices in the area/complex before purchasing the property, consider your return on investment (rental income vs bond payment + levies).

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Useful tips for tenants

HAVE YOUR PAPERWORK READY

Ensure that all your paperwork is ready. When renting a property you are required to provide a copy of your ID, or if you have a passport you will need to attach a copy of residence or a work permit. You will also need 3 months bank statements and a copy of your latest payslip. If you have just started at your work and you do not yet have a payslip then you need to submit a letter of appointment. Having your paperwork ready will enable the agent to complete the screening process much faster.

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