How Do you Select the Best House, Flat or Property to Rent or Let in South Africa ?
For Flats Houses or properties for renting or letting people say that real estate is a good investment in South Africa accommodation, and it is. There are people who have survived the last decade doing business in the real estate. Some buy properties, renovate them and sell them at a higher value.
Another of the most common investments in the real estate realm is purchasing homes for rent. In fact, there are several investment firms with a growing number of rental properties. So the next time you see someone driving around the neighborhood and who seemed lost, do not be fooled. They are just home hunters, looking for a property in South Africa housing to add in his homes for rent.
If you want to become a landlord, you should understand that there is more to having your property rented than just purchasing a home. It is vital that you do your research first before you buy properties for rent. You have to identify the type of homes that are mostly in demand in your area. Flats,houses or properties to rent or let have the following tips that will help you:
5. Always consider the location. It should be accessible to some if not all key areas. For families, accessibility to schools, groceries and hospitals are important. Make sure that the neighborhood is safe as well. Check the crime rate and the quality of life in your prospected area.
Interesting Facts About Renting or Letting in South Africa Accomodation:
Finding a new house to rent is very exciting. But don't let the excitement about that nice new house allow you to slip up on the important things.
When you have found the perfect house to rent, make sure that it is through a reliable agent. You could also rent directly from the owner.
Renting directly from the owner could be a good thing, as it cuts out the commission that goes to the agent. You will also be able to contact the owner directly in the case of an emergency, without having to work through a middle man. (You never know when the geyser is going to burst!)
Be sure that you have read the lease agreement thoroughly before signing as it could include restrictions that you are not aware of. This could include anything from a restriction on pets and guests, to decorative restrictions.
Finally, remember to keep all written correspondence between you and your landlord. If your landlord promises any improvements to your house to rent, get it in writing!
Buying Homes to Rent
If you want to rent your furnished property for the first time, you must know certain parameters. Before renting the property, you must consider the features that you would like in your renting apartment.
o the location of the property
o rental cost
o space requirements
o types of furnished furniture as per your choice
o dates of availability
Then you can search for the rented apartment with the help of classified ads in the local newspaper or you can search in the internet with the help of search engine.
You can also get hold of the letting companies and you will find apartments or flats as per your choice. You can get the apartments at your favorite location with the help of apartment locator. Then you can choose from the variety of options that is available. After selecting the property, you can fix an appointment to see the apartment or the flat. You can take a tour of few rental properties of your choice.
If you want to rent your property for short term than renting weekly is always helpful. This will make you flexible in taking decisions regarding the renting. If you are renting your furnished property on long-term, renting is not feasible. If you are not sure of the number of days, you are going to stay in that apartment than it is advisable not to go for long-term rent. Therefore, it is always advisable to take help of a professional letting company in selecting the apartment for rent. This will assure you a good quality furnished apartment at a reasonable price and at a convenient location.
Homes for Rent: Is Renting Your Home A Good Move?
So you have just bought a new property to rent out but it's obvious that the place has seen better days? Before you start with the refurbishment it is wise to take a step back and consider the best way to go about this. Many landlords have embarked on extensive refurbishments of their rental properties only to realise that some of the work they have undertaken does actually not increase the amount of rent they are able to achieve.
Time is an important consideration in any refurbishment programme as you will generally not be able to let the property until the refurbishment is complete. A quick and effective refurbishment programme can help to increase the amount you are able to change tenants to rent from you while keeping the void period caused by the refurbishment to a minimum. Keeping it simple really pays off here. Firstly, consider doing the work that has the highest visual impact but is quick to complete.
Advertising a Property to Rent While Refurbishing
You should start advertising and looking for tenants as soon as possible, even while the works are going on. Most tenants won't mind this and might indeed be taken by the idea of being able to move into an apartment or house for rent which has just been refurbished. It will also give you time to collect references and carry out credit checks while completing the refurbishment. As soon as the paint is dry your new tenants will be able to move in, keeping the void period to an absolute minimum.
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