Home 101

Through our financial journey, arguably the biggest expense or decision is to buy a home. We explore some aspects to consider and map out all things home.

Rent Affordability

How much rent………

Sometimes it’s tricky to decide how much you can spend on rent. How do you decide? Here’s a nifty calculator that maps out a scenario for you on how much you can afford and what the suggested amount is.

Considerations

If your household is bringing in more than one salary, you have more room to play with on the amount you can spend on rent.

PayProp states that rental should be no more than 30% of your total income.

At some point if you rent for long enough and rental becomes too high it may be cheaper to buy your own place (market dependent). In many cases it ends up being cheaper to rent.

Press the “Calculate” button to calculate how much you should be spending on rent and if you could possibly be overspending

Home Loan

Ever wondered if it’s cheaper………

If you have eventually decided that it makes financial sense for you to buy your own dream or investment home, then financing becomes an important topic – we take you through some financing aspects you need to consider. Let us connect you with our partners that offer the right kind of finance.

Things to consider when getting home finance

Use our home loan calculator to have a look at what the likely total cost of a home loan would be (other costs excluded).

Transfer duties may apply when purchasing your home which is an additional cost. This a % of the sale price that goes to SARS

Bond Registration costs: The attorney who registers your bond charges an extra fee normally on a sliding scale.

Conveyancing attorney’s also have an additional cost you have to pay. They are involved in the transfer of deed.

Bank Initiation Fees can be charged on top of the original loan for taking out the facility.

Press the “Connect” button for us to put you in touch with the best loan providers.

Tips & Tricks

Looking for money-saving home hacks………

Buying goods for our homes really adds to the pocket at the end of the month. Here are a couple tips for you to consider:

Easy Home Hacks to Save Money

Use these tips to save money by just doing things a little differently around the house. Small savings add up and could buy you a holiday at the end of the year.

Saving money on groceries

Read our tips to save money on groceries every month.

Furniture & Goods

It’s an expensive process kitting your home out with the best to look & feel fab. It doesn’t have to cost you so much. Here are links to our favorite ways to have a good looking home while skipping the crippling debt.

Home Insurance

Different types of cover ……..

Different types of cover for your home

Building Insurance

Building insurance covers the brick and mortar and permanent fixtures of your home such as the walls, swimming pool & windows.

Home Contents Cover

Home contents insurance covers your general home items that are in your home such as furniture, tech, jewelry up to the amount you specify, you then pay a premium per month on this. If there is damage, something gets stolen or something unexpected happens to your items in your home – you get paid out a certain rand value to replace lost items. It is important to note your items are only covered at home.

Portable Possessions Cover

Portable possession cover allows you to cover items that you take off your property. Items can be specified or unspecified – each carries it’s own benefits and premiums.

It’s a good idea to group your car & home insurance for better value. Press the “Connect” button for us to put you in touch with the top insurance companies to see if you could be getting better value insurance.