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Property 24/10 - 302

5 May 2016

Mobile land claims offices to assist rural communities
About 27 696 land claims have been lodged through the mobile lodgement offices alone since their introduction last year.

Government, through the Commission on Restitution of Land Rights, introduced the mobile offices to reach remote rural communities during the land claims process. The claims process allows people who were removed from their land under apartheid rule, but who missed an earlier deadline for lodging claims for compensation, to do so until 30 June 2019.

It is estimated that at least 3.5 million South Africans were forcibly removed from their land as a result of the Native Land Act of 1913, which effectively reserved 87% of land in the country for the white minority.
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Joburg's 'unobtainable' land worth a fortune
Anyone who knows anything about property is all too familiar with the expression “location, location, location”. Obtaining prime land in close proximity to or in a sought-after suburb is key to any property developer’s success.

One would think that big-time developers with deep pockets would probably have access to any land their hearts desire - provided they can let their money talk and the land in question is available - but this is not always the case.

Charles Vining, Seeff’s Managing Director in Sandton, says there is unobtainable land in South Africa that even the über-wealthy would have trouble affording if it was for sale.
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In a hurry to buy your new home? Don't misstep
If you list your property for sale and it sells more quickly than you thought it would, it is generally a cause for celebration.

However, it also means that you will need to guard against making an unsuitable or too expensive purchase now that you are a buyer in a hurry to find a new home, says Berry Everitt, CEO of the Chas Everitt International property group.

“Your first step should be to analyse your needs and list the essential features the new home must have, then prioritise the other desirable features in order of importance, as it is unlikely that you will find a home that meets all of your requirements at short notice,” he says.
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What you need to know about subdividing property
Property subdivision is becoming an increasingly viable way for individuals to secure an additional source of income, gain increased flexibility or simply maximise the value of a site. However, should you believe your property is a candidate for subdivision, it’s always advisable to approach the opportunity from an informed standpoint and to seek professional advice prior to pursuing any particular option.

Mark Upton, subdivision expert and director of Upton Properties, an estate agency situated in Newlands, Cape Town, says in many instances subdivision is attractive because the ‘sum of the parts is essentially always worth more than the whole’.

He says increasingly, homeowners on larger stands in suburban areas are considering subdivision either as an attractive investment possibility or as a way in which to adapt their lifestyles to better suit their changing needs.
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Seven questions to ask before appointing a property manager
Choosing a property manager or estate agent can be a daunting task, especially if you’ve never rented a property before. In order to find the right property manager, you need to ask the right questions.

Paul Stevens, CEO of Just Property, says when your biggest investments are on the line, it's imperative that you fully understand the investment criteria and the commitment you are about to make.

It’s necessary to follow a comprehensive step-by-step guide before you buy your first house, flat or investment property.

Stevens shares key questions to ask before appointing an estate agent or property manager.
1. Are you the property manager who'll be looking after my property? And if not, who will be?
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