Is it better for me to get a bond while I am still young?

People always say its better to buy a home rather than rent, simply because being a tenant means giving away what you would have spent on housing anyway, without gaining anything in return.

There is a case where one cannot afford to buy the place they would like to buy, but can only afford to rent.

I always suggest people to buy rather than renting, because initially you are paying off someone's bond. For a young professional who wants to invest in property, they need to look at it in this way: Invest in property where its cheaper, and possibly generate an income out of that property that they have bought and could cover the monthly installment of the bond.

GT Stander - Development Manager at Knight Frank

The growth of the proper accumulates over the years, and when they sell, it could increase by more than 50%. They can use the profit they have made to buy bigger property that they see themselves living in.

GT Stander - Development Manager at Knight Frank

Speaking to Africa Melane on the Weekend Breakfast, Stander said if one cannot afford to but property on their own, they can get a partner that will be willing to invest in property with them, so you can all have a joint bond.

Click below to listen to the full interview:


Recommended

by NEWSROOM AI
Read More
DA unveils its 2019 election manifesto

DA unveils its 2019 election manifesto

'We want to prioritise more on education and safety' says Alan Winde - DA Western Cape premier candidate

Things to take into consideration when wanting to renovate a shared building

Things to take into consideration when wanting to renovate a shared building

Renovations and alterations must not affect the building structure and not cause disturbance to the building's residents.

Holomisa shares his desire to be the country's deputy president

Holomisa shares his desire to be the country's deputy president

If the up coming elections resulted in the formation of a coalition government‚ Holomisa wants to be the deputy president.

DStv subscription price hikes for 2019

DStv subscription price hikes for 2019

MultiChoice will increase the prices of certain DStv packages from 1 April.

[LISTEN] Bo-Kaap to be declared national heritage site

[LISTEN] Bo-Kaap to be declared national heritage site

The Bo-Kaap Civic Association has described this as a breath of fresh air.

Jawitz Properties sues property owner R320 000 for breach of contract

Jawitz Properties sues property owner R320 000 for breach of contract

Property owner Lynne Zurnamer says she waited for almost 12 months for Jawitz to sell her property and decided to cut ties.

Popular articles
What happens to our bodies if we cut out sugar

What happens to our bodies if we cut out sugar

Naked Scientist Chris Smith explains.

[WATCH] SANDF members hilariously mess up a supposedly easy practice run

[WATCH] SANDF members hilariously mess up a supposedly easy practice run

Khabazela shares tweets and Facebook posts that have gone viral.

‘We’d be crazy to copy! Sometimes we get it wrong. There's no culture problem'

‘We’d be crazy to copy! Sometimes we get it wrong. There's no culture problem'

The Money Show’s Bruce Whitfield interviews Ian Moir, CEO at Woolworths.

[VIDEO] Muizenberg pedestrian attacked in broad daylight

[VIDEO] Muizenberg pedestrian attacked in broad daylight

A woman was attacked on her way to work earlier this month.

DStv subscription price hikes for 2019

DStv subscription price hikes for 2019

MultiChoice will increase the prices of certain DStv packages from 1 April.

Criminals targeting homes with aluminium windows, warns neighborhood watch

Criminals targeting homes with aluminium windows, warns neighborhood watch

The Panorama, Welgelegen and Plattekloof Neighbourhood Watch has identified a new house break-in trend.