Is there a difference between a HOUSE and a HOME

In everyday conversation, the terms "house" and "home" are often used interchangeably. However, these words carry distinct meanings that reflect deeper emotional and psychological concepts. Understanding the difference between a #house and a home can enrich our appreciation of the spaces we inhabit and the significance they hold in our lives.

The Concept of a House

A house is a physical structure, a building designed for people to live in. It is a tangible object made of bricks, wood, concrete, and glass. Houses come in various shapes and sizes, ranging from small cottages to grand mansions. The primary function of a house is to provide shelter, security, and a place for people to carry out their daily activities.

Architectural features such as rooms, windows, doors, and roofs define a house. The design, layout, and materials used in a house are important considerations in its construction and aesthetic appeal. Real estate listings, construction plans, and property assessments typically focus on the characteristics and value of a house. In essence, a house is a commodity, an asset that can be bought, sold, or rented.

The Essence of a Home

A home, on the other hand, transcends the physical attributes of a house. It is an emotional and psychological space imbued with personal significance and memories. A home is where individuals or families create and share experiences, cultivate relationships, and find a sense of belonging and comfort. It is a sanctuary that provides emotional warmth and a refuge from the outside world.

The concept of home is deeply personal and subjective. It is shaped by the people who live there, their interactions, and the memories they create. The scent of a favorite meal cooking in the kitchen, the laughter of loved ones, and the familiar comfort of one's own bed all contribute to the feeling of home. It is a space filled with personal items, from photographs and heirlooms to everyday objects that hold sentimental value.

Key Differences

1. Physical vs. Emotional: A house is a physical entity, while a home is an emotional construct. The former can be described in concrete terms, whereas the latter is defined by feelings and experiences.

2. Functional vs. Personal: Houses serve a functional purpose, providing shelter and a place to perform daily activities. Homes, however, are personal sanctuaries that offer emotional comfort and a sense of identity.

3. Ownership and Investment vs. Attachment and Belonging: People invest in houses as assets and property. Homes are places where people invest emotionally, fostering a sense of attachment and belonging.

4. Transitory vs. Permanent: A house can be bought, sold, or rented, making it a transitory possession. A home, however, remains in the heart of the individual, regardless of changes in physical location.

5. Universal vs. Individual: Houses can be universally described and valued based on their physical attributes. Homes are unique to each individual, shaped by their personal experiences and connections.

The Interplay Between House and Home

While the distinctions between a house and a home are clear, the two concepts are deeply intertwined. A house becomes a home when it is filled with life, love, and memories. Conversely, a home requires a physical space, which is provided by a house. This interplay highlights the importance of both elements in creating a fulfilling living environment.

The transformation of a house into a home involves personal touches and emotional investment. Decorating a space to reflect one's personality, hosting gatherings with friends and family, and establishing routines and traditions all contribute to this transformation. It is the people and the emotions they bring that turn a mere structure into a cherished home.

While a house and a home may seem similar, they represent distinct concepts that are both essential to human life. A house provides the physical space necessary for living, while a home offers the emotional foundation that makes life meaningful. Recognizing the difference between these two can enhance our understanding of what it means to truly feel at home, appreciating not just the shelter we have but the love and memories that fill it.

A Comprehensive Guide to Buying and Investing in Residential Real Estate Properties

A Comprehensive Guide to Buying and Investing in Residential Real Estate Properties

Investing in residential real estate properties can be a lucrative endeavor, offering both financial stability and potential for long-term growth. Whether you're a seasoned investor or a first-time buyer, navigating the complexities of the real estate market requires careful consideration and strategic planning. In this comprehensive guide, we'll explore the key factors to consider when buying and investing in residential properties.

Understanding the Market:

Before diving into any #investment, it's essential to understand the current state of the real estate market. Market trends, such as supply and demand dynamics, interest rates, and economic indicators, can significantly impact your investment's success. Conduct thorough research, analyze local market conditions, and consult with real estate experts to gain insights into potential opportunities and risks.

Setting Investment Goals:

Define your investment goals and objectives clearly. Are you looking for short-term rental income or long-term appreciation? Are you aiming for passive income or capital gains? Understanding your goals will help you tailor your investment strategy accordingly. Consider factors such as location, property type, budget, and risk tolerance when setting your investment objectives.

Financial Planning:

Assess your financial situation and determine how much you can afford to invest in residential real estate properties. Calculate your budget, including down payment, closing costs, ongoing expenses (such as mortgage payments, property taxes, insurance, maintenance, and utilities), and potential vacancies. Explore financing options, such as traditional mortgages, government-backed loans, or private financing, and choose the option that best aligns with your financial goals and circumstances.

Location, Location, Location:

The importance of location cannot be overstated in real estate investing. Research neighborhoods carefully, considering factors such as proximity to amenities, schools, employment centers, transportation hubs, and crime rates. Look for areas with strong rental demand or high potential for future appreciation. Conduct site visits to assess the neighborhood's overall vibe, development plans, and property values.

Property Selection:

When evaluating residential properties, consider both their physical characteristics and investment potential. Look for properties that are structurally sound, well-maintained, and in high demand among renters or buyers. Pay attention to features such as square footage, layout, number of bedrooms and bathrooms, and amenities. Calculate potential rental yields or resale values to determine the property's investment viability.

Due Diligence:

Perform thorough due diligence before finalizing any real estate transaction. Obtain property inspections to identify any potential issues or defects that may affect the property's value or safety. Review the property's title history, zoning regulations, and any legal restrictions or encumbrances. Consult with legal and financial professionals to ensure all contracts and agreements are drafted correctly and protect your interests.

Risk Management:

Real estate investing inherently involves risks, including market fluctuations, economic downturns, vacancies, and unexpected expenses. Mitigate risk by diversifying your investment portfolio, maintaining adequate insurance coverage, and maintaining an emergency fund for unexpected expenses. Stay informed about market trends and adjust your investment strategy as needed to adapt to changing conditions.

Long-Term Strategy:

Successful real estate investing requires a long-term perspective and patience. Focus on building a portfolio of properties that align with your investment goals and consistently monitor their performance. Consider implementing strategies such as property renovations, rent increases, or refinancing to maximize returns and optimize cash flow over time.

In Conclusion:

Buying and investing in residential real estate properties can be a rewarding venture, providing financial security and wealth-building opportunities. By understanding the market, setting clear goals, conducting thorough research, and implementing sound investment strategies, you can navigate the complexities of real estate investing with confidence. Remember to stay disciplined, stay informed, and seek professional advice when needed to make informed investment decisions.

In which area will you be buying your residential property or investment property and why

 Buying your first home is very challenging especially if you don't do your calculation correctly or finding the correct people who can walk with you throughout the processes until you received the keys. From what we know is that things do happen and they must be under control. For that reason that is why we delegate and leave the professionals deal with what they can do best. It all start with negotiations, nothing else or nothing more.

Let's look for details, and into them that/which leads to property ownership.

Negotiating: Negotiations start with an agent getting the best and affordable property in an accessible location which meet your interest and specifications. Even though it won't always be 100% but 99,99% is acceptable. In the negotiations we have learnt that PRICING is always the king for the deal to go through. When you want to stay in this area, will you be able to afford the services which makes that area to stand out?

Uniqueness and adoption: Every person is unique and he/she got satisfied by different needs and wants. but there are common once which held us together. We all need usable infrastructure, we need acceptable neighborhood, we need growth, value for money, status, wealth and great health. By this we must make sure that our properties will satisfy the most of those needs and wants.

Financial standing: Are you going to buy for cash or through the banks? let's take the route that most of us take, that is buying through the bank. In this case you need to qualify for entry level in the market. Depending on what you want, for a property selling at R 600 000.00 you must be earning from R 20 000.00 alone or jointly.(joint application will be discussed latter in details). 

Mostly, you must be in good standing on your credit profile and be able to maintain the bond once approved.

Since we want to give 100% understandable information for now we will stop here and addresses your questions.

The image is for the new development in Klerksoord under Tshwane Akasia municipality. It is a new suburb situated in the north of Pretoria most people know the area as six o six(the famous motor spares)

Prices start at R 920 000.00 on a 2 bedroom and R 10 80 000.00 on 3 bedrooms.

Viewing is per appointment and is obligation free.

For application you must be earning from R 30 000.00 per month alone or jointly. Be on good standing with credit bureau.

One of those days in South Africa

The strongest will always survive. As for the economy of our country, what will happen? Before we know about lockdown we were suffering from load shedding. As the people of South Africa we need to take responsibility, a child must be a child and play children's role, a parent need to be a parent and play parental role. Because of what happens in the past majority found themselves in roles and responsibilities which are not meant for them. The government is the administrator of the people. In good words, "if the people are corrupt, the government is corrupt."

Anyway let's talk about properties!

We all need shelter. Shelter is unshaken security. Who doesn't need to live in an affordable luxury?

Each one of us can and will axcel on what he can do. As a nation or individually so we need to make our places of residence the best places. Because this is the places where we will grow to be amongst the star. 

Since am in the north of Pretoria let me pick the areas where there is much activities with regards to property development. We have Soshanguve east, Rosslyn gardens neighbouring Klerksoord, Pretoria north with many suburbs been expanded around wonderpark mall and the new big mall coming up at Wonderboom interchange by the name of Rainbow mall (https://businesstech.co.za/news/business/129000/a-look-at-pretorias-new-r12-billion-precinct/). It is estimated that the project will take 10 to 15 years to be completed and since it started it was disturbed by covid-19 lockdowns plus regulations. Let's watch the space by investing starting now.

Life will be great by then. But you will be in need of money to enjoy, unless you start today to put something aside by investing in local businesses or buying properties around this area so that you can reap the rewards. Investing is like selling. You buy low and sell high. Buying of stock at R1 and sell at R1,20 your profit for that day is 0,20 cents. Keep repeating then profit is flowing.

Buying an affordable property mean that in 2 years time it will still be affordable but went higher than the initial purchase price. You then sell, gain some cash and move on. The only trick is to know where you are going and what you want to achieve in a given time. We are available!

Updated and current Rosslyn gardens

New developments are subjects to growth and many activities in their respective area. Now and then we will keep you posted on what is happening on our projects and areas of operations. As always feel free to check our work across the internet and we are pleased to direct you to our website at Bene Ba EL. We are in business and we mean business to all our clients and investors alike. All our projects are life changers into people's livelihood. Choosing us will bring more benefit in your life portfolios.

Above picture depicts current Rosslyn gardens' look!

Back in the year 2010 when Rosslyn was staring to be developed a 40 square meter house was selling at R320 000.00 then fast forward to the year 2020 the same house sells at R600 000.00 what a growth.

We are always in the area offering advices on rentals and selling of #houses to buyers, investors and sellers. We have all the information you would like to know about properties in this growing area in the north of Pretoria. We prefer to share relevant information to relevant people and since you are reading and following our writings it means you are one of the blessed. 

We are open for discussions, let us know what you want to know in properties or how to improve our service.

Will you prefer hot summer deals or no deals

 Daily activities refers to the dealings we do in order to get along. With the current situation that we are all faced with, what do you do in order to survive? Does this year need a fast forward or a reset? What have you learned? Going forward with what we have just learned will we be able to survive the after effects of lockdown which was forced by covid - 19? On my side I have learn that it only takes time and space to achieve great things.

Now that:

• Space for offices is not relevant?
• Space for shopping is not that much needed?
• Travelling to/from work has been affected?
• Congregation gatherings has been challenged?
• Sporting events...?

And many other things has been rebooted. From what we see is that normal house plans need to be revisited. We must add rooms for prayer, office and we must do away with garages/carport and make provisions for flying cars.

In most cases I love to discuss real estate. You are welcome to come up with any question in relation to properties it shall be answered. Do follow, like and share our articles. We are happy to have you as our ready.

 

Openserve in houses for all

If you are earning a salary why don't you buy and invest in #properties? As a buyer and a consumer we have to be better off. Money is your buying power. With money you will afford to have the best house in the best area. Money is also based on trust? Money is the reward for your time. My advice to you is that you need to value your time more than everything. As a consumer are you earning enough to safe so that in five years you can buy a house cash? Lets say in a month you can safe R 3000, 00 then in 5 years you will have R 480 000,00 cash to buy a house. Currently do we have houses in that price range? Will we be having them in five years from now?

What are the options to be explored in order to have some cash to safe?
Fill the contact form on the right we will help.