A residential property valuation is an assessment conducted by a certified professional to determine the current market value or replacement cost of a residential property. This valuation considers various factors such as the property’s location, size, condition, comparable sales in the area, and specific features to estimate its worth. It serves as a crucial tool […]
Understanding how property rates are calculated is crucial for South African homeowners to manage finances, make informed property decisions, and ensure fair assessment for local taxes.
If you’re thinking about purchasing a property, it’s crucial to know the property rates and taxes specific to that property. Municipal rates and taxes play a significant role in the overall cost of property ownership and can vary significantly depending on various factors such as the municipality, the value of the property, and the specific area where the property is located.
In the following article, we will explain the concept of a property valuation, the various categories of property appraisals available, including market price valuations, replacement cost valuations and sectional title insurance valuations. We will also explain how different property valuations are done and how to obtain a reliable property valuation.
If you are a member of a body corporate in South Africa, you are likely well aware that it’s not just about ownership; it’s about coexisting with your fellow property owners and maintaining the common areas and shared facilities. But who is responsible for keeping sectional title properties in good condition? In this article, we […]