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Real estate


These are not shopping centres, but Mansions owned by South Africans. Number two causes a commotion

People did go to school, studied hard and are now living lavishly. It is easy to tell that they worked hard to accomplish their dreams. The cars they drive, clothes they wear and mansions they built are epitomes of their hard work.

Who does not want to own a home? Pride of ownership is probably the number-one reason that people enjoy owning their own homes. It means you can paint the walls any color you desire, turn your music up, attach permanent fixtures, and decorate your home according to your own taste.

Homeownership also gives you and your family a sense of stability and security. It's investing in your future-equity that will grow with you the longer you are in the home. We all do not want to see our families suffer. The best thing to do is to prepare for the future now. Never tell yourself that it is too late, there is still time to accomplish your dreams. It will be too late when you are dead.

The benefits of home ownership don’t come without costs and limitations. For some, renting may be a better option. Renting has its own disadvantages, It is an expense too. There are cheaper houses you can built from scratch with the same amount of rent money you paid for three years. You will not have privacy when you rent.

One of the major benefits of renting versus owning is that renters don't have to pay property taxes. Real estate taxes can be a hefty burden for homeowners and vary by country. In some areas, the costs associated with property taxes can amount to thousands of rands each year. Renting allows you more expendable money in the short term, while owning a house gives one the sense of security as it is considered a long-term investment.

Owning is better than renting, especially after the 2020 interest rate cuts, which save money for homeowners, while renters pay the same rent. When it comes to getting on the property ladder, sooner is best. Better to not fall into the comfort zone of renting, and for first-time buyers to take advantage of things like low interest rates to take their first step onto the property ladder.







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South Africans


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