Real Estate Investor December 2022/January 2023 | Page 20

COVER STORY
Another major property investment benefit with SA is that you can switch over from a residential valuation where the banks determine the property value using the purchase prices of surrounding properties , to a commercial valuation where the income generated by the property is used to determine the price .
For example - we purchased a residential property in Bellville for R2.6m . Six months later we had generated income through SA so the commercial valuation