Frequently Asked Questions

WHAT OUR CLIENTS ASK US

All Your Questions Answered

  • LAND
  • PROPERTY INVESTMENT
  • CONSTRUCTION
  • PLANS

How does one acquire land?

One can acquire land through a developer(preferably) or an estate agent.

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.

What are the benefits of investing in property?

Property is one of a very very few industries that have higher potential of growth and minimum or close to none don’t sell.

Why invest in YoungProp in particular?

YoungProp has been in the industry for over ten years and over fifteen years’ experience in the property field, showing its consistency. We have worked hard to identify profitable areas to yield returns for our investors.

How long will it take before I begin to make fruitful returns from investment?

Due to the nature of our business and current areas we are currently in profit/returns are to be seen after the first year of investing.

What interest should one look forward to when investing with YoungProp?

The minimum annual return will be a minimum of 10% and may go upto 25% p.a subject to performance.

What is the difference between debt investment and equity investment?

debt investment is an investor who puts in money with the expectation of receiving a certain percentage annually that range depending on the agreement.
Equity investment is when an investor buys a portion of the company with the money invested and gets dividend from the company profits.

How does YoungProp invest its estate?

YoungProp predominantly invests in land because there’s a potential to scale from there with plans and construction.

Is there risk investment in real estate?

Yes, there’s always risks in any business however YoungProp ensures they research and do the due diligence to minimise as much risks possible.

What is passive income?

Passive income, is income/interest that’s either paid monthly, quarterly or annually from set investment that requires no work at all.

Does property only appreciate in value?

Not always, there have been few cases where it has depreciated in value and/or stood with no growth.

If investing in a property portfolio how does the registration process work?

The process will require one to come to the office for a meeting and discuss how you’d like your interest to be paid out, as a lumpsum or as a monthly recurring payment in order for us to conclude the paperwork. Upon having invested with the company you will receive quarterly reports on the progress of the company.

What is the difference between investing with YoungProp & a property Stokvel?

A property stokvel is when individuals put money together with the intention to buy a property or properties and depending on the individual’s skill set. One if not two will be appointed to find a property. Whilst investing with YoungProp you’ll be investing with a company that already specialise in the field that they’re in as you receive quarterly reports of how your portfolio is growing.

What is construction?

Construction is the putting together of a structure i.e. house, flats, rooms etc. according to a drafted plan.

How can I trust that they know the job?

One of the best ways of checking, is to see their previous work and if it’s a company like YoungProp there are regulatory bodies that confirm that they know their craft.

What bodies regulate construction companies or builders?

There are quite a few, however the two main ones that are even trusted by banks is the NHBRC and CIDB that are worth mentioning in S.A.

Do I have to enrol my house with the NHBRC & why?

If you as a builder are registered with the NHBRC, all new dwelling (i.e. houses started from scratch) are to be enrolled with this regulatory board and the reason for this is to monitor or check that the structure was built according to the rules and regulations for safety and avoidance of the future structural problems.

How do I check if a company is registered with NHBRC and if they still valid?

Both the NHBRC and CIDB have website where you can check if the company is registered and still valid or alternatively you can call them directly to enquire.

How long will it take to build my house?

Unfortunately, there’s no straight answer to that each project varies according to the size of project or building. i.e. your two rooms can take a couple of weeks a 100 to 120 sqm house two to three months and a 500 sqm double story house easily five to six months also the additions request like tiling, ceiling etc could take additional time.

How does the process work?

First and most importantly the plan must have been drafted and finalised, if it has been approved or not, because the price/ cost/quote has to calculated from there.
Secondly upon verbal agreement or written agreement has to be drafted and agreed upon by both parties. Lastly, let the work begin.

What is a bill of quantities?

a bill of quantity, is the calculation of material needed for the structure that has to be built. Not all builders do this however YoungProp does it for free for all the clients we build for. This makes it easier for the client to acquire the correct amount of material needs and to budget accordingly.

Who does the calculations?

This is the responsibility of the client however YoungProp does it for free for all its clients.

How much is the deposit and when must I have paid the entire amount in full?

The amounts vary depending on the individual or company. YoungProp charges anything between 20% and 30% deposit thereafter payments are done in stages so you can also see the progress, the payment in stages happens until the last payment is done which is when the project is completed.

What is a plan & why do I need it?

It is a drawing that shows what type of house you will be building. It’s a requirement by the municipality and also to help guide a builder as to what house you want to build.

Who can do a plan?

An architect or drafts person

Does a draftsman/architecture have to be registered?

Yes, more especially if it is to be submitted at the municipality for approval.

What are building lines?

Building lines are restriction areas within your property from the municipality to accommodate services going into the property, amongst other things therefore referred to a “building lines” you can’t build beyond.

Who does the submissions of the plan at the municipality?

The submission of the plan is the responsibility of the property owner, however we as YoungProp do the submission for our client as long as it’s in our jurisdiction.

Do you have to pay the municipality to submit a plan?

Yes, the municipality charges per square meter of the plan your submitting and that fee is separate from the cost of the architect or draftsperson.

What is engineering?

A qualified individual or company that signs off the plans that gave been drafted by an architect or drafts person. Confirming that the structure as per design can indeed be built. They also do site inspection and draft foundation designs and/or slab designs depending on the plan your doing.

Who must find the engineer for the approval?

This is also the responsibility of the client; however, architects or drafts persons are known to have one they usually work with. YoungProp has engineers, who have years of experience in the field, with whom they work closely.

Can I assume building before receiving approval of my plan?

By law, no form of construction or building works is allowed on the property without an approved building plan from the municipality.

How long will it take for my plans ‘approval?

Most municipalities take between four to six weeks for an approval of a plan, provided there were not any mistakes that have been made and need correction on the plan itself.

Can I make changes to my plan once we have started construction?

Yes, one can make change to a plan. However, if its structure i.e. you want to make a room a size bigger, then the plan will have to be redrawn and submitted to the municipality.

Building Construction

We have a long and proud history givin emphasis to environment social and economic outcomes to deliver the places that respond too the complex global forces shaping our future including the rapid urbanisation, climate and change, inequality and resource stress.

The Benefits

  • 01. Sustainability
  • 02. Modern Tech
  • 03. Project on time
  • 04. Latest Design

Building Construction

We have a long and proud history givin emphasis to environment social and economic outcomes to deliver the places that respond too the complex global forces shaping our future including the rapid urbanisation, climate and change, inequality and resource stress.

The Benefits

  • 01. Sustainability
  • 02. Modern Tech
  • 03. Project on time
  • 04. Latest Design
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