Welcome to Lake Properties PROPERTY CAPE TOWN Lake Properties is a young and dynamic real estate ag

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Cape Town, Western Cape, South Africa
Lake Properties, Cape Town is a young and dynamic real estate agency located in Wynberg, Cape Town. We offer efficient and reliable service in the buying and selling of residential and commercial properties and vacant land in the Southern Suburbs including Bergvliet,Athlone,Claremont,Constantia,Diepriver,Heathfield,Kenilworth,Kenwyn,Kreupelbosch, Meadowridge,Mowbray,Newlands,Obervatory,Pinelands,Plumstead,Rondebosch, Rosebank, Tokia,Rondebosch East, Penlyn Estate, Lansdowne, Wynberg, Grassy Park, Steenberg, Retreat and surrounding areas . We also manage rental properties and secure suitably qualified tenants for property owners. Another growing extension to our portfolio of services is to find qualified buyers for business owners who want to sell businesses especially cafes, supermarkets and service stations. At Lake Properties we value our relationships with clients and aim to provide excellent service with integrity and professionalism, always acting in the best interest of both buyer and seller. Our rates are competitive without compromising quality and service. For our clients we do valuations at no charge
Showing posts with label #costs #house #home #forsale #forsaleincapetown. Show all posts
Showing posts with label #costs #house #home #forsale #forsaleincapetown. Show all posts

Are there any nearby developments that could affect property value

To assess if there are any developments nearby that could affect property values, consider checking for the following:

1. Planned Infrastructure Projects: New highways, public transportation systems, or utilities can increase accessibility and desirability, potentially raising property values.


2. Commercial Developments: Shopping centers, entertainment venues, or office spaces nearby can attract more people to the area and raise demand for housing.


3. Residential Projects: Large housing developments can increase housing supply, potentially stabilizing or lowering property values if demand doesn't match.


4. Zoning Changes: Changes in zoning laws (e.g., converting areas to mixed-use or commercial zones) may impact nearby property appeal.


5. Public Amenities: Construction of schools, parks, hospitals, or other public facilities can enhance the area's attractiveness.


6. Negative Developments: Industrial projects, waste management sites, or facilities causing noise or pollution might lower property values.



Would you like me to look up any specific area or type of development for you?

What are the costs involved in buying a house


When buying a house in South Africa, several costs go beyond the property price. Here is a detailed breakdown of the main costs involved:

1. Deposit

A deposit is typically required when purchasing a property and can range from 10% to 20% of the purchase price. This amount depends on the lender and your credit profile.


2. Bond Registration Costs

If you're taking out a home loan, you'll need to register the bond with the Deeds Office. This involves:

Bond Registration Fees: Paid to a bond attorney, based on the loan amount. Higher loan amounts incur higher fees.

Deeds Office Fees: The government charges fees to register the bond.

Postage and Sundries: Smaller costs for administrative expenses associated with registering the bond.



3. Transfer Duty

Transfer duty is a government tax paid by the buyer on properties over a certain value (currently R1 million and above). The amount is calculated on a sliding scale based on the property’s purchase price, and the rate can vary depending on the property value.


4. Transfer Costs

This covers the legal work involved in transferring the property to your name and is paid to a conveyancing attorney. Transfer costs include:

Conveyancing Fees: Charged by the attorney for processing the paperwork, based on the property’s purchase price.

Deeds Office Registration Fees: The fees for registering the transfer with the Deeds Office.

Postage, Petties, and Sundries: Miscellaneous charges that may include document couriering and other minor expenses.



5. Bank Initiation Fee

Most banks charge a one-time initiation fee for processing your home loan, which can be paid upfront or added to the loan amount.


6. Valuation Fees

Banks often require a valuation of the property to determine its market value before approving the home loan. This fee may sometimes be included in the





.Could the house be resold easily if I need to move?

Lake Properties The ease of reselling a house depends on several factors. Here’s what to consider: 1. Location: Homes in desirab...

Lake Properties,CapeTown