Controversial former University of the Witwatersrand SRC president Mcebo Dlamini was denied bail in .
WHETHER you rent or own the place you live in, chances are that a large portion of your income goes towards paying for it.
You might find yourself wondering how you can save any more money on your housing.
Following are some ideas to help you save money on renting, buying or improving your home, as well as buying major appliances.
Renting a place to live
Rental properties (and rates) can vary widely. Do not limit your rental housing search to classified adverts or referrals from friends. Select buildings where you would like to live and contact their building manager or owner to see if anything is available.
When buying a home you basically have three options: you can use an estate agent, you can buy a home for sale by the owner or you can build a new home. Each has its pluses and minuses. An estate agent can help guide you through the process. He-she can help you arrange financing and handle most of the paperwork.
But you will generally pay a higher price because the agent's commission is figured into the price of the house.
If you choose to use a real estate agent, select a buyer's agent or broker who will represent only you. He-she will be in a better position to negotiate a lower sale price.
Choosing to buy a home for sale by owner might save you money, but will require a lot more time and legwork on your part. You will need to do some research to determine whether or not the home is worth the asking price. You will have to arrange for an appraisal and inspection.
Be sure you fully understand the terms of the seller's agreement before you sign it because you will be legally bound to it. If you are selling your existing home and buying another, make sure the seller's agreement on your new home stipulates that your purchase of that home depends on the sale of your other home.
Building a home allows you to get exactly what you want, but take note that builders and contractors are not the same. Do your homework and get referrals. Building is usually a very lengthy process. Finally, also consider that when your house is done you'll still have all the landscaping to do.
Do not purchase any house until it has been examined by an accredited home inspector. Make it a part of your seller's agreement that your purchase of the home is dependent on the outcome of the inspection. That way you'll be able to legally back out if something is wrong.
When shopping for a mortgage, look for a lender that carries the smallest difference between the interest rate and the Annual Percentage Rate.
Think of maintaining your home as protecting your investment.
Home repairs often cost thousands of rands.
Select licensed contractors who have submitted written, fixed-price quotations for the work. Ask for referrals and check on them.
Do not sign any contract that requires full payment before satisfactory completion of the work.
One of the best ways to find out about major appliances is to consult consumer information magazines.
They contain information about specific brands and how to evaluate them, including energy use. There are often great price and quality differences among brands.
A more expensive, yet more energy-efficient model, may pay for the difference in price rather quickly. - simplejoe.com