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A common mistake that people make when trying to design something completely foolproof
is to underestimate the ingenuity of complete fools. - Douglas Adams"


 

Archived   Newsletters

September 2009
May 2009
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May 2008
January 2008
April 2007
January 2007
Aug 2006
April 2006
October 2005

 Property News

 

Property Gossip

 
 

Renting out property - DIY ?

 

The main reason why an owner will rent out
a property privately is to save on paying a

10% commission. (i.e. N$4800 per year on

a N$4000 pm lease). But a property that is

vacant for one month, will carry exactly the

same cost.

What does a home owner get for this 10% fee?
 

1. Recruitment of tenants. This also means that the owner immediately benefits from a large pool of potential tenants already on the agency’s waiting list.


2. Screening of potential tenants to find the best possible match for the property. This includes credit check, proof of employment & income, accommodation background, etc.


3. Drafting the most suitable lease agreement that would cover the needs of both owner and tenant. This could sometimes even incorporate legal advice at

no extra cost.


4. Should tenancy change during the course

of a year, the agent will go through the whole process again for each and every new tenant.

5. Collection of a security deposit (to be held in an audited trust account) and the monthly rent.

Read September Newsletter here . . .

 

6. Distribution of the rent as specified by the owner, including paying rates and taxes, body corporate levies and any other expenses incurred for services rendered at the property.


7. Liaison with service providers (plumbers, electricians or any contractors employed), obtaining quotes, checking on progress, inspecting final work, etc.

8. Property inspections and reports to the owner regarding maintenance issues.


Rossmund Golf Estate

A few years ago, The Rossmund Golf Estate was introduced to the Swakopmund property market.

Initial response was a bit slow as the market seemed uncertain as to whether the time was right for this brave new development.  A few people bought for the long haul but several speculative deals were also happening. Some plots exchanged hands several times before they were developed.
 

Fortunately developer, Wim van der Plas, stuck to his guns and over the next few years the dream slowly became a reality. The uniform building style, making generous use of raw stone and tiled roofs, and the establishing of “green belts” work together beautifully to create a very attractive neighbourhood. Much is done, and continuously so, to upgrade the area and to guarantee a distinguished lifestyle to all its participants.

 

Investors/buyers have the choice of either buying a full-title property or a townhouse in a sectional title development.  A few building plots are still available and can be had for around N$500,000 Currently also on offer is a stunning 4 bedroom, residence with several living areas and situated in a very private setting.

(Ask your Henric- agent,  Do I see a trend here?  to show you.)

Read September Newsletter here . . .

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Property Gossip May 2009
Property Gossip December 2008
Property Gossip - May 2008
Property Gossip - January 2008

Property Gossip - April 2007
Propery Gossip - January 2007
Property Gossip - Aug 2006
Property Gossip - April 2006

Property Gossip - October 2005

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