This link says it is 20% more to build a house than buy an equivalent house - how do developers make money then?http://www.moneyweb.co.za/moneyweb-property/buying-vs-building-gap-stretches
I look at this house in need of TLC. http://www.property24.com/for-sale/sharonlea/randburg/gauteng/4296/101515363?Branded=false for 1.280.000 but after transfer the price would be 1.350.000.
If you spend 200k garden, kitchen, bathroom etc you'd need to sell at high 1 millinos to make money after the agent commission.
Has the time passed where people can make cash on property?
I look at this house in need of TLC. http://www.property24.com/for-sale/sharonlea/randburg/gauteng/4296/101515363?Branded=false for 1.280.000 but after transfer the price would be 1.350.000.
If you spend 200k garden, kitchen, bathroom etc you'd need to sell at high 1 millinos to make money after the agent commission.
Has the time passed where people can make cash on property?
