Other Pineapple Smurf
Honorary Master
Agree with you on this. Still can't believe my luck when I snapped up this property for R950k in November 2011 and can easily sell for R2.1m. My opposite neighbour sold his house about 6 months ago for R2m. His was on the market for less than 2 months. We also now have of grid water which would also increase the property value.
My only current issue is my MIL who lives with us and has practically nowhere to go if we leave. We could rent out 3 of the individual rooms @ R4.5k per room(furnished or unfurnished) as a house share with her living in the fourth room. We also have space 4 cars in the main driveway and another 4 cars at the other entrance (corner plot with 2 driveways). This will more than cover the current bond repayments with some left over to cover maintenance costs. My one brother has already offered to take care of the property maintenence if we leave and decide not to sell and my MIL stays here.
Nice idea. Always demand for rooms to rent in our area.