Guides
Plain answers to the questions buy-to-let investors ask most — with figures from the same calculations as IQprop, at today’s rates.
- How much should I offer on a property?Work back from the rent, not forward from the asking price. How to find the most you can pay for a rental property in South Africa, and your walk-away price.
- Does a rental property pay for itself?Yield does not pay the bond. What a buy-to-let property really costs each month in South Africa, and how many years until the rent covers it.
- How much cash do I need to buy a property?Deposit, transfer duty, conveyancing, bond registration and Deeds Office fees — the cash you need on the day you sign, at today’s SARS scale.
- How much should I pay extra on my bond?What R500, R1 000 or R2 000 a month extra does to a South African home loan: how many years sooner it is paid off, and how much interest you save.