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R630,000

Monthly Bond Repayment R5,567.38
Calculated over 20 years at 8.75% with no deposit. Change Assumptions

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Monthly Rates
R500

WOULD YOU AGREE IT IS BETTER TO OWN A HOME OR RENT A HOME?

Don't you think it's time for you to own your own home? If you are aged 24 to 45 and you have a stable income and paying rent, you are eligible to own your own home. This is one of the most important decisions that you could make for your life. While there are pros and cons to consider, the idea of owning property can immediately lift your status in society. Xoliswa Tini Properties together with SKG Development launched a new development in Amalinda Downs giving you an opportunity to buy your first home! If you already own a property and are currently paying a bond for the past few years, chances are that you could easily have an option to own a second property. This is an investment for you to grow your profile for property ownership. Hurry to invest into part of an exciting project in the up and coming suburb of Amalinda. You can choose any plot sized from 45m2 to 85m2 and the option to choose from 2 or 3 bedroomed sized homes. Contact our sales offices in your area: Berea (043 7260541), Mdantsane (0436424766) or KWT (0436421114). Email: eastlondon@xtp.co.za, kwt@xtp.co.za; mdantsane@xtp.co.za. Send us your name, cell phone number with subject Amalinda Downs and we will call you.

WHY MAKE AN OWNERSHIP INVESTMENT IN AMALINDA DOWNS?

We listed key points below for you to consider and to look at the pros and cons of owning versus renting a property.

1. Cost Savings
Making an investment to buy at Amalinda Downs means a lower monthly payment. There are a variety of reasons for a home loan repayment being lower than rent, but a major factor is that rental property owners typically have to inflate their own monthly costs in order to turn a profit. With homeownership, you're not paying a premium to rent on top of a bank loan; you're the owner of the base level home loan, which means lower overall monthly costs.

2. Investment Opportunity
When you buy a home with a 15 or 30-year bond, you're doing more than just making monthly payments; you're building equity in your property and making a long-term investment that hopefully will pay dividends down the road.

3. Expense Management
Homeownership with the Amalinda Downs project is more than just a financial transaction; it's an act of putting down roots and establishing a lifestyle in a community you feel connected to. With renting, you have no control over whether the cost of rent goes up, pricing you out of your residence, or whether the property owner sells your apartment or house. With homeownership, you're in the driver's seat. You can establish a budget to account for your home loan payment and can feel comfortable knowing that your home will remain yours.

4. Own Space
If you rent in an apartment building or a flat, there's a chance you share walls, ceilings or floors with noisy neighbours. Or maybe you want to be noisy but have to keep the volume down so as not to disturb your neighbours. Either way, owning a house at Amalinda Downs is a preferable option if you want to turn up your music, enjoy some quiet time or if you value your living space as a private sanctuary.

5. Freedom of Renovations

Want to do a major renovation by maybe extending your lounge, adding more features to your bathroom or kitchen, or even just want to paint the living room a new colour? You want to add a garage or plant your favourite veggies in the yard? With homeownership at Amalinda Downs, those decisions are yours to make, and you can customize and amend your house in any way you see fit, assuming you adhere to local building codes and regulation. With renting, you often don't have the option to make the place you live truly yours. With homeownership, your house is exactly that, your own

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Directions

Shoprite Amalinda Amalinda Centre, Main Rd, East London, Head northeast toward Saxilby Rd 83 m Turn left onto Saxilby Rd 44 m At the roundabout, take the 1st exit onto Amalinda Main Rd Go through 1 roundabout 450 m At the roundabout, take the 1st exit onto Circle Rd

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Disclaimer: While every effort will be made to ensure that the information contained within the Xoliswa Tini Properties website is accurate and up to date, Xoliswa Tini Properties makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

5,567.38

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