Monday, September 30, 2013

10 Ways to Feel at Home in Your New Neighborhood

When you buy a new home, you’re also taking ownership of your place on a street and in a community. Kevin Mountjoy, national sales manager at ooba, South Africa’s biggest bond originator, says that there are lots of practical and social things that you can do to help you move into your new neighbourhood.
1.      Get to know your neighbours. Introduce yourself to the people in the houses or apartments on either side of yours, as well as opposite, if there is one. Let them know when you’ll be moving in, and give them your contact details and take theirs, if they’re happy to provide them.
2.      Introduce yourself to the local residents’ association or body corporate, and sign up for any newsletters or email groups.
3.      Get your utilities sorted out. Sign up with the relevant providers to have the water, electricity, gas, phone and internet put into your name. For municipal bills, you will need to go to your nearest customer service centre with a valid ID, details of next of kin, your banking details, payment for the required deposit, your offer to purchase or deeds document, your meter numbers and the latest readings, your contact details and the completed Application for the Supply of Water and Electricity form. Also find out whether your area has a recycling pick-up or identify the nearest dump that you can take your recyclable waste to.
4.      Go into your bank and switch branches so that any deliveries come to the most convenient location for you. Remember to take note of your new branch code for future electronic transfers.  And register your new address with anyone who sends you bills, so that you don’t lose out on vital information that should be coming your way.
5.      Look at the websites for the Rotary Club, The Lions Club or the Round Table Club for branches in or near your area. By getting involved in charities like these, you can actively participate in improving the lives of people living in your community.
6.      Sign up with an armed response company that has a high presence in your neighbourhood. Usually, the more people that go with a particular provider, the more cars they will allocate to the area, and the quicker their response time will be. Assess the security levels of other houses on the street, and attempt to match them. And find out from the local police station if there are any particular types of criminal activities you should be vigilant for.
7.      Find out about the local healthcare providers like doctors, dentists and vets, as well as the nearest emergency room.
8.      Work out your quickest routes to your work and your children’s schools – but remember to test these in rush hour so that you avoid surprise bottlenecks. Also, find out about the public transport offered in your area – there is growing, quality public transport infrastructure in South Africa, and you might find that you are pleasantly surprised by the convenience.
9.      Contact your insurance company to make sure that your policy is aligned with the type of security that you have in your new home, and with the area that you are now living in. Ensure that you are covered for your move and during any planned renovations.
10.  Do some research into courses and classes offered in your area. Yoga or pottery, for example, are great ways to make new friends for you and your kids. 

“Moving into a new house is so much simpler and less stressful if you have a sense of belonging there,” says Mountjoy. “By doing some of the things we’ve suggested here – especially if you do them before you move in – you will find that there is less admin and more joy in settling in to your new home.” 

From "ooba" newsletter 30/09/2013

Friday, September 20, 2013

How to Decide Between Buying and Renting

You need somewhere to live but how do you decide if you should rent or buy their property outright; read on for more information.

If you are looking to move into a new property then let us start by saying congratulations to you; moving can be a very exciting time indeed. There are many different reasons why you might be moving and some of these include:
  • Moving out of parents house
  • Couple moving in together
  • First time buyers
  • A new addition to the family and therefore need to up size
Whatever the reason for your move you’ll probably be left with the dilemma of: ‘should I rent or buy my home?’ This has been a long fought debate for many, many decades now and you may even be struggling on the best decision for you and your needs also. Today’s blog covers the pros and cons of both so you can make an informed decision.
To rent
Let’s get started on talking about some of the aspects of renting your property instead of buying.
A fantastic reason to rent rather than buy is the fact that you have the freedom to move to newer properties much more freely. You’ll be freer to travel around and see a lot more of the places that you love. You also have the ability to rent properties that are way out of your price range in terms of buying the property via a mortgage.
On the downside your landlord can ask you to leave (with due notice), you might not be allowed pets and if anything breaks you may have to wait do without certain facilities while your landlord takes care of the repairs.
Ultimately you may actually be restricted to renting if you don’t have enough savings to make up the deposit to buy. However if you can gather the funds to buy then consider the following advantages and disadvantages.
To buy
One of the main advantages is the savings opportunity which comes with putting your money into something as solid as a house which you can even pass onto your children or use as your retirement fund. In fact your mortgage repayments may be less than your monthly rent.
Another positive reason is the fact that the property is yours and you have the ability to transform your house in however you see fit (within reason).

If you need more advice on whether to rent or buy our friendly team is on hand to help. Find your nearest agent to discuss your options.

Monday, September 9, 2013

CREDIT AMNESTY

Cabinet, yesterday (05/09/2013) approved the proposal for the credit amnesty. It is still unclear what the exact terms of the amnesty will be other than debts which have been paid up will be removed.

Cabinet spokesperson Phumla Williams said, “The key to the option is to ensure that those that have settled their debt and they are able to afford debt should be allowed to do so.”

For your ease of reference, the 3 options proposed by The Department of Trade and Industry (dti) and National Credit Regulator (NCR) and presented to Parliament were:

Option 1
·         Removal of all adverse listing less than R10 000 (irrespective of non-payment)
·         Removal of all Paid Up adverse listings on an ongoing basis
·         Removal of all Paid Up judgements on an ongoing basis
·         Number of consumers impacted: 1,516,960

Option 2
·         Removal of all adverse listing irrespective of value and irrespective of non-payment
·         Removal of all Paid Up adverse listings on an ongoing basis
·         Removal of all Paid Up judgements on an ongoing basis
·         Number of consumers impacted: 1,605,763

Option 3
·         Removal of all judgements and adverse listing irrespective of value and irrespective of non-payment
·         Removal of all Paid Up adverse listings on an ongoing basis
·         Removal of all Paid Up judgements on an ongoing basis
·         Number of consumers impacted: 2,180,774

It is vital to understand; the amnesty will affect defaults and possibly judgements but not the underlying [rental] payment profile. It is to the benefit of all credit bureau members to ensure you contribute in a positive and meaningful way by ensuring your tenant / debtor data is loaded and up-to-date on the TPN credit bureau.

In conclusion, TPN will keep our members updated on the process, we will assist in suggesting changes to your tenant / client take on process you should consider as and when more details become available regarding the exact terms of the credit amnesty. You are not powerless – you have the power to contribute in a meaningful way by loading your tenant data accurately, monthly and on all tenants good and bad.



Warm regards,


Michelle Dickens    Managing Director Tenant Profile Network (TPN)