An estate worthy of your investment
Whether you are buying or renting a home, Lockwood Estate offers you the perfect solution.
This has been a phenomenal year for Lockwood. It caters for all, from the homeowner to the investor.
Buying real estate is about more than just finding a place to call home. Investing in it has become increasingly popular and is a common investment vehicle. Basic rental properties.
This is an investment as old as the practice of landownership. A person will buy a property and rent it out to a tenant.
The owner is responsible for paying the mortgage, taxes and costs of maintaining the property. Ideally, the landlord charges enough rent to cover all of the aforementioned costs.
This game is all about being patient and the most common strategy is to let the rental income increase annually until the mortgage has been paid, at which time the majority of the rent becomes profit.
Furthermore, the property may also have appreciated in value during the course of the mortgage, leaving the landlord with a more valuable investment.
All sectors of the Mbombela market are now benefiting from upgraded infrastructure, and investor appetite has been whetted.
The influx of commercial concern has also boosted the local residential property market and demand is putting pressure on rental stock levels.
There is a great need for new development in this price range, especially since investors have now returned to the market and are competing with home buyers in this range.
Investors realise they can earn returns of between seven and eight per cent on local residential property, as opposed to two to four per cent if they keep their investments in bank deposits.
Demand is likely to escalate further on the back of the completion of the new Kiaat Private Hospital between Mbombela and White River, and also the construction of the new local university.
“Lockwood offers the investor or first-time homeowner the ideal solution,” says Andrew Porter (developer).
As opposed to putting cash in conventional investment vehicles, property is much more forgiving by requiring only a deposit and bond repayments after the monthly rental income.
Lockwood looks forward to an even better 2015 and thanks all its clients for the support this year. Seasons greetings from the team. Contact them today for more information on how to invest or buy into it.
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