Real Estate Investor Magazine South Africa April 2018 - 100th Issue! | Page 27

RESIDENTIAL
28
In this month’s
instalment
of our value-adding
renovation tips, we focus
on flooring. It’s one of the
most important aspects of
a home - but how do you
make sure you choose the
right type?
36
We find out
more about
the investment hotspots
in Johannesburg. As
the country’s financial
hotspot, investors have
several options when it
comes to real estate. Our
expert insider shares his
insights.
LANICE STEWARD
Head of Training for Pam Golding
Properties
It is more beneficial to the seller to have
the buyers competing to offer the best
market-related price, than it is to have
agents competing to close the deal at
any cost, often putting the seller’s price
at risk.
WAYNE ALBUTT
National Sales Manager of the
Rawson Property Group
BJÖRN LAUBSCHER
Managing Director of Mirfin
A good agent will ensure you under-
stand the reasons behind the recom-
mended listing price, have a good over-
view of your competition, and are aware
of market circumstances that could
impact your sale – both positively and
negatively.
Stick to your architectural plans during
the renovation process and avoiding
last-minute changes as this may inevita-
bly result in disappointment after com-
pletion. Also, it is important to budget
accordingly and include a 20 - 30%
contingency for unexpected challenges
during construction.
SA Real Estate Investor Magazine APRIL/MAY 2018
25