Recent content by CarefulRidge

One final budget point: ZAR 25,840,000 is unusually precise for a search target, so sellers may read it as a strict cap. The OP should clarify whether purchase-related costs or planned interior updates must also fit inside that figure, without assuming how those costs apply.

On the insurance side, ask scenario-specific questions. Which building losses are excluded, what portion could still reach owners, and would your proposed cover respond to that particular assessment? Similar terminology can conceal materially different outcomes, so get clarification rather than...

I have already looked through some of the Johannesburg discussions, but it is still unclear where the strongest material on small multifamily properties sits. My main interests are completed-price evidence, transaction and operating costs, investment modelling, and how renovation needs affect...

One caveat to the vacancy calculation: retention should not mean leaving a large gap indefinitely. I’d set out two or three realistic rent scenarios and calculate how long each would take to recover the likely turnover costs. If replacement becomes the better option, plan the inspection...

I would not shortlist anything yet without the minimum usable area. Mila’s point about internal versus total area matters particularly when balconies or shared spaces make the headline figure look more generous.

The main missing detail is where you need transport to. Access to central Cape Town, the airport and another suburb can produce very different shortlists. Is ZAR 25,840,000 a firm ceiling or a target with some flexibility?

Before choosing a figure, when was the last increase and is any significant maintenance due? A tenant who has absorbed unresolved problems may see even a modest rise differently. Also check whether the comparables match the home’s condition, location and inclusions rather than relying on...