The Rep 22 March 2019

10
Tel: (045) 839-4040 Editorial: mjekulal@tisoblackstar.co.za - advertising: charodinev@tis o bl a ck s t a r. c o . z a
THE REPRESENTATIVE 22 March 2019
PRIMEPROPER TY
Start additional savings or
pay off your home loan?
The question of whether it is better to
pay off debt first or put money into
savings is one with which most of us
have had to grapple.
As a rule of thumb, paying off debt
first is usually the appropriate
answer, as interest accrued on debt
is often much higher than interest
earned on savings.
“For homeowners who have taken
out an access bond and who are in
the early stages of their loan term, I
would always recommend reinvesting
any spare cash into their home loan,
as this could end up saving them
significantly more in repayments
than any additional savings account
is likely to earn them.
SOLE MANDATE
Moira Pappas
Principal
C 082 478 7353
Vusumzi Zikiza
(Principal)
082 674 4352
VAN COLLER
PARK
R2 695 000
TOP TOWN
R3 600 000
EZIBELENI
R650 000
EZIBELENI
R400 000
EZIBELENI
R380 000
“Having an access bond also
allows homeowners the ability to
withdraw funds in case an
emergency arises, and therefore acts
as a savings account at the same
time,” regional director and CEO of
RE/MAX of Southern Africa, Adrian
Goslett says.
“By means of a practical example,
if you invest just R250 per month for
12 months into an interest-bearing
savings account at an interest rate of
7% per annum, you will earn
R3,017.50. Alternatively, if you are in
the third year of your 20-year loan
with an interest rate of 10.25%, you
pay an extra R250 per month into
your home loan for just 12 months,
SOLE MANDATE
TOP TOWN
R1 650 000 EZIBELENI
R550 000
5 Beds | 2 Bath | 1 Lounge | 2 Garage | 2 Carport
3 Beds | 2 Bath | 1 Lounge | 1 Garage
In the Heart of Top Town lies a
Big family home right on the taxi route,
wholesome home waiting to be claimed. few minutes’ walk to Ikhala College, with
With its old fashioned look, it truly built in wardrobes in all the bedrooms
captivates one’s senses. Don’t hesitate, and fully tiled floors. Do not miss out on
contact me and have a look.
this bargain!
Johan Marais
Njongo Mvabenyathi
C 082 411 3959
C 071 036 0371
EQT7544
EQT7623
SOLE MANDATE
RENTALS - 045 838 2560
WHITTLESEA
R450 000
CENTRAL:
3 Bed house – R 6 600.00
3 Bed flat – R 6050.00
TOP TOWN:
3 Bed house – R 10 300.00
4 Bed house– R 10 000.00
3 Beds | 2 Bath | 1 Lounge | 2 Garage WESTBOURNE:
Invest in this once in a lifetime property 1 Bed flat – R 4000.00
in Dongwe! It is close to the high school,
taxi route and Hewu Hospital. A little bit SANDRINGHAM:
of TLC is all this property needs!
2 Bed flat – R 5460.00
Onele Soci
C 078 591 2317
VICTORIA PARK:
EQT7523
2 Bed house – R 5000.00
No. 3 Tylden Street, Queenstown
Phone: 045 838 5032 | Fax: 086 240 6676
Email: info@zikizaprops.co.za
Website: www.zikizaprops.co.za
PRICED TO SELL!! Kitchen with bic, 4 bedrooms
with bic main with en-suite, bath, toilet & a basin & a
dressing room, dining room, lounge, bathroom with
bath, shower, toilet & a basin, outside washing room
with a shower, toilet & a basin, double garage.
STUNNING OFFICES SOLD WITH
FURNITURE, TOP TOWN
À
reception area, kitchen with bic, strong room, 10
parking spaces, bar, 2 toilets for male and female.
NEAT HOME!! Kitchen with bic, lounge, dining
room, sitting room, bathroom with bath, toilet and
a basin, 4 bedrooms and outside rondavel.
SAFE AND SECURE!! Kitchen, lounge, open
plan dining room, bathroom with toilet with no
geyser, 3 bedrooms, main with en-suite, bath, toilet
and a basin, garage.
QUIET AREA!! Kitchen with bic, 2 bedrooms
with bic, lounge, bathroom with bath, toilet & a
basin.
FOR MORE INFORMATION GO TO www.zikizaprops.co.za
VISIT OUR OFFICE OR CALL VUSUMZI ON 082 674 4352
you will save R15,000 in interest
payable over its lifespan,” Goslet t
s ay s .
“That being said, if you invest the
same amount into your home loan
but you are in the final year of its
20-year lifespan, you will only reduce
the interest you pay by R170.
“The tipping point in this scenario
in deciding whether to put the money
into savings or reinvest it into your
home loan is at around year 13 of its
20-years, where you will reduce the
interest you pay over the lifespan of
your bond by R3,500. Later into your
loan term, you are likely to be
reducing the interest payable by less
than what you could be earning in an
interest-bearing savings account,”
Goslett says.
“Timelines therefore have a
significant role to play in weighing
up whether to save first or to pay off
your home loan faster – and
compound interest is largely to thank
for this.
“ In the earlier stages of your home
loan, the majority of your monthly
instalment goes towards paying off
PROPERTY FOR SALE
interest. That is why investing into
your home loan during these early
years will dramatically decrease your
loan term and the total interest
payable, potentially saving you a lot
of money.”
“However, if you are nearer to the
end of your home loan term, it is
advisable to invest any additional
funds into a savings or investment
account as this will earn you more
than adding to your loan instalments
will save you.”
As a final piece of advice, Goslett
suggests that homeowners consider
keeping their home loans open when
they near the end of their loan term.
“Since the interest charged on a
home loan is invariably less than the
interest charged on a personal loan,
it will cost less if homeowners take
out money against their pre-existing
home loan than it would to refinance
their home from scratch or to take
out a personal loan in order to
access money on credit,” Goslet t
adds.
CRAIG ANDREA
SUMMERTON JACOBS
083 508 8125 082 609 9552
TARKASTAD R150 000
Vacant Land!!! 2000 sqm up for
grabs!!! Close to High School and
CBD! Call me now!!!
CRAIG
083 508 8125
STERKSTROOM R140 000
BARGAIN!!! Nice cheap investment.
This property offers 2 bedrooms,
lounge, kitchen, dining room,
bathrooms, carport, and an
outbuilding. Massive back yard,nice
to extend or build flats etc. close to a
school. Great opportunity exists here!!!
Call me now!!
CRAIG
2 2 1
083 508 8125
BERGSIG R1 695 000
Immaculate home in a very nice
quiet area offering 3 bedrooms,
1bathroom and ensuite, lounge,
diningroom, fitted kitchen with
granite tops, double garage and
carports, outside room and toilet. Call
me now!!!
ANDREA
3 1 2 2
082 609 9552
TOP TOWN R2 350 000
Upmarket area - great potential!!!
This very spacious home offers 3
bedrooms (BIC), 3 bathrooms (MES),
TV lounge, lounge/diningroom,
fitted kitchen, double garage. Much
potential for extra earning income
with 2 flats which offer bedroom,
bathroom and kitchenette all with
separate entrances.
Much to see... Call today!!!
ANDREA
082 609 9552
PHONE CRAIG OR ANDREA FOR A FREE VALUATION IF YOU WANT TO SELL YOUR HOME. WE
NEED PROPERTIES IN ALL AREAS!!! FOR RENTALS, CONTACT DANELLE ON 045 807 3800
Bowes McDougall Inc.
27A Prince Alfred Street, Queenstown | Tel:045 807 3800
Creative indoor
storage
solutions for
your bicycle
Apart from road hogs and uphill routes, finding
a place to store a bicycle is one of the biggest
challenges most cyclists face – particularly if
they are staying in an apartment complex
without a garage.
For those who live in active suburbs nearby
popular cycling routes, Regional Director and
CEO of RE/MAX of Southern Africa, Adrian
Goslett, suggests that creative indoor bicycle
racks or storage solutions can increase the
value of the property and give it a unique
selling advantage over similar properties in the
area.
“In general, whether a home is large or small,
many homeowners will complain of a lack of
sufficient storage space. Creative built-in
additional storage solutions therefore often
greatly enhance the appeal of any property.
Sellers could stand to benefit from this when
placing their home on the market,” says Goslett.
Below, RE/MAX of Southern Africa suggests a
few creative storage solutions for cycling
homeowners:
Bicycle on the bookshelf
While bicycle wall art might appeal to some,
it might not appeal to everyone. To ensure the
resale value of a property, homeowners should
consider installing shelving units that have the
dual functionality of acting as a bicycle rack as
well as a decorative shelving unit when the
bicycle is removed. These tend to work better
on darker walls as loading and offloading the
bicycle from the rack can cause scuff marks
against walls in lighter paint shades.
Cycling on the ceiling
For homes with particularly high ceilings,
such as loft-style apartments or homes,
installing a bicycle rack in the ceiling can be a
great space saving solution. This option also
works well in garages, provided the homeowner
does not drive a tall vehicle such as an SUV.
Spokes in the staircase
The space under a staircase in a
multiple-story home is almost always wasted
space unless it is converted into storage.
Homeowners could enclose the space to create
a cupboard in which a bicycle rack could be
placed and the bicycled could be stored out of
sight. For exposed staircases, bicycle racks
could be attached underneath the steps to
create a unique form of bicycle storage art in
the home.
If homeowners are planning on renovating
their home to make a permanent storage
solution for their bicycle, Goslett encourages
them to consider how future buyers might
perceive the addition. “Whenever one is making
permanent additions to a property, it is always
worthwhile to consider the effect it might have
on the resale value of the home. If you have an
ongoing relationship with a real estate
professional, you could always run the idea by
them just to make sure you are not lowering the
value of your home or decreasing its appeal by
your planned project,” Goslett concludes.
To get in touch with a real estate professional
from the world’s number one brand in real
estate, visit www.remax.co.za.