One can acquire land through a developer(preferably) or an estate agent.
How does one acquire land?
Why buy land than buying a house?
It has been proven that building your house is cheaper than buying a house and building your own home gives you the opportunity to design and custom make your dream house.
Why are you still trusted in this sector where so many fraudsters lie?
I believe, besides having been in the industry for over 10 years, that it’s because we deliver on the customer services we offer and as a result our customer refer others.
How does the process work?
When you are ready to acquire your own piece of land, the first thing is for us to arrange a viewing with YoungProp so you can see our available sites and you can choose where you would like your future house to be. Secondly, then comes the paper work where we agree on terms of the payment then upon completion of the site payment, we start the registration process (which is when we move to the ownership process).
What are the different types of properties?
there are quite a few property types but I’ll only mention a few so you don’t fall asleep:
- Residential Property – which is for the purpose of building a house or home and you also allowed a dwelling i.e. and outside cottage or storage.
- High residential – which allows you to do multiple i.e. B&B, apartments etc.
- Business stands – which allows you any type of business subject to that business’s requirement i.e. bottle stores, franchise, tuckshop etc.
- Agricultural stands – predominantly for farming crops and/or animals
- Industrial stands – which is usually for manufacturing i.e. scrap yards, recycling etc.
What types of properties do you deal with?
YoungProp deals with residential properties and sometimes get business and agricultural stands.
Can you buy property alone if married in COD?
Unfortunately, if you are married in community of property you can’t buy a property without your spouse.
What is meant by a serviced stand?
A serviced stand means that there is already water, sewer and electrical system running in close proximity to your stand. This may also include roads, storm water pipes and street light.
Do you pay rates and utilities on vacant land?
yes, unfortunately you are liable to pay rates and taxes on your vacant land even if you have not occupied it as yet.
What are transfer cost & who’s liable?
With every property that is ready to be transferred to the new owner an attorney (also know as a conveyancer) is needed and their cost are called transfer costs and the purchaser of the property is liable for that cost.
What are transfer duties?
A developer is a property owner however, they are called developers because they usually properties with the intention to develop a plan and or a house for they’re clients whilst an agent would be an individual or company that would want to sell a developer’s property on their behalf for a fee or commission.