RENTING VS BUYING PROPERTY: Advantages & Disadvantages of both.

[@reneeramoleta6262]

Everything in life depends on where you are currently. I bought a car before I could even rent an apartment because I needed a car more than an apartment due to my job, in essence make the decision based on your circumstances.

[@Justzoe-mylifejourney]

Definitely corect, contrary to some people thinking we should all follow the same pattern. We are not the same and our needs are different

[@kabelomakhetha5417]

Just started my full time job a few months ago and everyone has been pressurising me to buy a house. After this video, I've decided not to, I'll do it when I'm ready.

[@fezekagwayi2938]

Do 2 scenarios, owning and renting. See how much owning/rentin a house in the neighborhood you love. As she said costs of ownership including attorneys costs, deposit, rates and taxes, maintenance etc. Check opportunity costs of tying all those costs instead of investing them and making returns early. Taking in consideration that you don't pay the capital for the first 11 years.

[@userkm-d3r]

Finally someone said it; "There is no right or wrong answer."

[@nokuhlekumalo]

😂🙌🏾🙌🏾 and that’s why it’s a constant debate because if it was a straight forward answer we would all just do that.

[@zamoblacktiger]

Money paid to the bond is money saved but money paid to the rent is money lost. A house is like your own small bank where you save your money through paying a bond. If you move to another place, you can always rent out. An asset does not have to follow you where you go.

[@ngmn5402]

Great explanation

[@lindilebangose7667]

You neglect the other costs of ownership which are pretty much like renting cause it's throw away money. The rates and levies, the maintenance costs, the services (cleaning, gardening, tree felling ), depending on where you are these costs could easily equate to a simple 1 bedroom apartment rental.

[@tinyikoevans3203]

Is buying an apartment better than buying a stand alone house ?

[@fezekagwayi2938]

It is this mentality that has caised people to into home ownership and get shocked at real costs of home ownership, such that an interest rate increase of 1.5%they lose their home. Paying for a service can never be losing money.

[@maxine6933]

One of the best property investors I've come across once said "rent the lifestyle ". In essence you instead focus on buying investment property at below market value and then rent a property in an area you would like to live in instead.

[@reitumetsereitu5702]

I love your channel and I’m only 18, I love the wisdom I get here and I’m also an aspiring chartered accountant. I’m in first year😇😋

[@nokuhlekumalo]

Thank you for subscribing 🥹♥️. Wishing you all the best with your CA(SA) journey ! You’ve got this 😉

[@Hello-_simplyzane]

This is interesting. I’ve never seen buying property as something that would limit my flexibility. Simply because I’ve always been off the idea that I can always rent it out. I’ve spent most of my varsity years renting and I feel like it trapped me. It’s just annoying when you have to serve your notice before you terminate the lease. I’ve also never had an issue with owning properties in different areas. I’ve never thought of buying a property where I want to settle. For me, it’s been from the perspective of investing and security for my kids and myself. I also don’t like the limitations of the rent. I’m old enough to want to drill pictures in my apartment. Your reasons are very valid though. I personally like my freedom and I think there’s more freedom with buying than renting. This is based on my experience.

[@nokuhlekumalo]

I hear you yazi 🤞🏽 and it’s great that you’ve also introspected to find exactly what works for you. Also, I think you’ve got yourself a nice process where you’re basically almost a property investor now - because you’re never looking at your purchase as a “I’m going to live here forever” since you’re already open to the option of renting and I’m assuming you know that there’s a demand for such rentals in he areas you have. 😉 thanks for bringing in this perspective - it will also help other people to see that it can be done ✅!

[@queentladi8238]

The drilling pictures part is what annoys me too about renting😓

[@todanimavhandu4652]

SAme here

[@elisscaliving4776]

@@queentladi8238 command strips

[@kea_mpete]

This was such an eye opener but now I see why renting is better in my case. Let me go and study📚so that I can earn better

[@nokuhlekumalo]

Glad I could help you reach your own conclusion ☺️🙏🏾!! Let me also go make more money so I can exit this rental phase 😮‍💨

[@ukho_m]

I really enjoyed this conversation, my friends and I are always chatting about this. I love renting as a young adult because these are my years of figuring myself out and knowing what I really like. The ability to move anywhere and make it my home for that period is incredible. The other thing I love about renting is location flexibility & that I will never be 23 staying at Sea Point with Sea View or Cape Town CBD walking to Long Street or even renting at Manhattan New York as a 23 year old. Those are lifetime experiences that I will never get to have again at that age and type of lifestyle I would be living. Property buying seems stressful to me rn. My mom has property and the tenants can be annoying at times. Sometimes they have stories of asking to rent at a different date & sorts (she doesnt have an agent as that's an added cost). It seems to be a lot for a young hot girl like me. One can also invest in property through shares and sorts.

[@ntobendlovu7876]

I love the fact that you so smart 🙌🤞💯🥰ma K, for now I am renting I can't afford to buy myself a House that could brain damage me,cs ngalala ngadlile, ekhaya ngeke ngikhona uku support, I could even fail my child. In Future I'd love to own 😍 a property for my kids and my family when they want to visit me

[@nokuhlekumalo]

Thank you so much Ntobe ☺️ I always look forward to your comments 😂❤️. I understand your reasons for renting and hoping that as time goes by you start making a bit more 💰 so that you can get that amazing house of yours 😉. But well done for not rushing into it and also weighing out your responsibilities 🙏🏾 your family and child must be truly grateful for you.

[@ntobendlovu7876]

I am a #reliable member ,thanks 😊 for the encouragement 🥰🥰👌 and I am also always looking to your new inspiring Vlogs 😘🙏🙏

[@faseeghmarcus8763]

Check the are you buy in. Property doesn't always go up in Value. Take Parklands in Cape town: This area is going down FAST and you will lose money if you invest here.

[@thatorankapole1461]

I love how you tackle both alternatives from all perspectives.

[@nokuhlekumalo]

🙏🏾🙏🏾🙏🏾 Thank you for watching !

[@maxine6933]

Buying is always a great thing if you are buying for wealth creation.

[@siyandahadebe9208]

Ngaze ngasizakala, ngoba sengifuna ukuthenga umuzi nje. Amazing content as always

[@MalindiPearl]

Loved this♡ Hi Ma'am, please do a video on "Is it better to buy an apartment or a stand-alone house?"

[@nokuhlekumalo]

Hey Lindiwe 🌻 thank you for watching. Thank you for the suggestion ☺️ will add it to my list and will do research and get back to you.

[@Hello-_simplyzane]

Honestly love your perspective. Very different and informative.

[@nokuhlekumalo]

Thank you for watching Zané 🙏🏾✨

[@joemshengu7586]

Buying is not all glamorous as "paying mortgage is money saved, paying rent is money lost". Many lost their jobs and that money saved because they got evicted then went to rent before going back home.

[@Laughs_and_Harmony]

I am currently renting a garage and planning on buying a property that will generate income for me in the long run. I think it also depends on what you are renting, apartments are expensive hle. Also buying has its own disadvantages.

[@NolwaziM]

Everything you said is true. 💯 I’ve rented and I bought a property because I didn’t want to pay someone else’s bond and I was also tired of having landlords because things were always changing and I had no control. Bought a house and didn’t budget for transfer fees and for deposit (10%) was required. I signed a OTP before viewing a property and when I went to view the property had cracks. I was lucky that the bank retracted after approving. So I looked for another property and sold it at a profit later on and yes it took time and a lot of admin to sell.

[@dineoboshielo3230]

I'd like to know more about renting to buy.... That was very informative

[@nokuhlekumalo]

Will try explore this option for that video, thank you 😉

[@triciakekana]

Rent to buy sounds more better

[@trustmub1]

It’s interesting to see that this generation dose not prioritise ownership.

[@JabulileMathenjwa]

This video just popped just as we just sold out apartment to rent a house because now we know better 😂 Yes buying is an investment but it only pays off in the long run. Till then it’s a huge expense. When we bought we knew absolutely zero. We only considered the bond cost, water and electricity. Then we learnt after that we still pay levies of (1.2k) + sewerage +pick it up (R450). Meaning instead of the initial 5200 bond payment, there’s another R2500 to consider . Plus there is also maintenance costs, just now we had to retile the place for R13000. We also didn’t consider that there is no public transport in the area and we’re forced to buy cars earlier that necessary. Yes you can get a tenant but the rental almost never covers all the costs. In my area avg rent is R5500pm. Looking at the costs above, this house was draining us. It was a bad Investment. Now we more than happy to rent until we buy our forever home.

[@nokuhlekumalo]

😮‍💨 Yoh. Thank you SO much for sharing your personal experience of this. Well done for being able to be objective and realise that this purchase wasn’t working for you at this point. You’ve also given me a couple of other things to consider so definitely appreciate this. Wishing you all the best with your new path 💃🏾✨ I know you’ll do well because we always come back stronger and wiser!

[@KayManiProductions]

You both took the words right out of my mouth!

[@ThebigGLRams]

😮

[@DeeneoMalele]

For me it’s more emotional but I’m about to be worth a lot so I’ll wait till then

[@fezekagwayi2938]

I think the comparisons should be along the lines of 2 individuals earning exactly the same salary, buying or renting similar properties. I bet 100% renting will ownership especially if the renter uses the funds available (saved from actual home ownership costs) to invest. None of homeowners quantity maintenance costs of ownership.

[@lamlasomhlahlo355]

Thank you for making me think about this through because I wanted to just rush and buy me a house. But now I need to think about my situation😅

[@Justzoe-mylifejourney]

Well said. You put everyting into perspective. People's needs are different and so should their choices be.

[@bra_bongz]

Thank you Miss K for the video! Been actually thinking about this 🙌

[@nokuhlekumalo]

🙌🏾🙌🏾🙌🏾☺️ thanks for watching Bra B ! Glad we’re thinking about the same type of things.

[@lwandilezuma2292]

Absolutely love this content amongst us young people. Also: please continue with these analogies 😂 using kids in an analogy about furniture? funny 😭😭😂

[@nokuhlekumalo]

😮‍💨🤣🤣🤣 next thing y0utub3 bl0cks me because they think my videos cause harm to k!ds. (See how I even had to write this comment weirdly 🤣 big brother is always watching). Thank you for tuning in and glad you found humour in that 😂🙌🏾💕

[@lindirobeni8464]

I never rented I bought immediately after I felt the need to move out of my parents house Later on I realised the mistakes that I could have avoided if I rented before buying Your videos are very insightful keep on sharing I am loving your content

[@nokuhlekumalo]

Thank you for sharing Lindi 🌻 and hope you know that we all make mistakes, it’s part of life. That’s why it’s NB to have these conversations so we can try stop the next person from making the same mistake. Love having you on this channel 🌻 please do feel free to request / drop suggestions of videos you would like to see.

[@ncumisampongwana1085]

Am there I am in Durban and not planning to settle here. I still want to explore differnt provinces before I decide where to settle.

[@ntshetemokwena416]

I loved this video, every bit of it was so informative.. I'm so happy that I've found this channel 💞

[@nokuhlekumalo]

♥️🙏🏾🙏🏾 yayyy so glad You enjoyed it!

[@ntsikelelowilliamsolani4110]

I was looking for property options, and KZbin suggested this video out of nowhere.

[@nokuhlekumalo]

Hahahah 😂😉 call it destiny!

[@mphomokoatle7279]

I enjoy your videos so much and our sense of humour is just a cherry on top. Thank you so much for the empowerment.

[@nokuhlekumalo]

Thank you so much for this great compliment 🥹❤️! I appreciate it so much.

[@official_chumisa]

This is so interesting and insightful. So so glad I came across your page ! ❤

[@noxymthethwa2172]

Thank you! Definitely buying!

[@nokuhlekumalo]

Yasss 🏆✨!! Love to hear it (and good luck 🙏🏾).

[@thabang372]

i get a better deal when i rent, atleast i will have money to throw into my savings account....

[@pinealgland668]

What about building a house instead of buying it? If settling down is the goal.

[@nomcebomakhos]

Building is much cheaper than buying you can have 50% savings from Building

[@Mbalings]

Thank you so much for this vid Mashobane ❤️

[@Thabang_G]

Make a choice and stick to it!!

[@kekethekoeng]

Another great video 😀👌🏾 thanks Nokuhle. Do we have a rent-to-own in South Africa, if we do can you please do a video on renting to own property? ♥️

[@nokuhlekumalo]

Let me do my research and I’ll get back to you 😉!! (I know my estate tried doing that - but I don’t think enough people subscribed to the programme).

[@kekethekoeng]

@@nokuhlekumalo ♥️ thank you. Sorry for the late reply

[@zolilebasi6068]

Cant afford to buy rn (or rent lol) but I'm here cause its good to plan ahead right?

[@nokuhlekumalo]

🤣🤞🏽 exactly oe ! Definitely great to plan ahead, unlike some of us who take it as it comes then realize we’re stuck in hot waters.

[@enhlemayoyo3525]

Absolutely enjoyed this and related to it too🙈

[@mpholoso3261]

Hi have you covered the topic if rent to own ? If not please educate us on that.

[@djstikzo9431]

I appreciated your insights from this video, they are an eye opener and very informative 👌

[@bantupiwe9192]

"...when some people don't have a house🤣"... Good presentation sis.

[@zizizindlovu9462]

Lol 😂😂 i laughed so hard when you said what house are you buying with 400k??😂😂😂

[@careerjungle739]

I never skip ads on your videos 🥰

[@nokuhlekumalo]

🥹😍♥️ thank you for paying me!! I

[@sbonzama7013]

I think the issue of flexibility is a poor argument. You can still be flexibility while you have bought a property. You can rent it out if you find a job in a different city or province. If you don't like renting out your property (like me), you can simply leave your unit fully furnished and you can use it for accommodation if you visit that province or city. Just leave it for capital growth. Just keep checking it now and then. Again if a neighbor hood turns bad, just liquidate it, SELL IT. I have sold a property because of a bad neighbor hood!

[@molesanandjeka823]

I think flexibility is a very valid argument hey. 1. You won't always be lucky to have great tenants. Sometimes you may use most of that rental income to refurbish the property after a tenant leaves. (Happened to my dad.) 2. Keeping it vacant doesn't absolve you from the bond repayments. Sometimes you may not afford to pay for 2 properties at once. 3. Selling property isn't an overnight thing. And esspecially when you're selling because the neighborhood is bad, I don't think it will be that easy to even get a buyer. So you'll still be paying even though the house is on the market.

[@sbonzama7013]

Point 2, I'm talking from a point of liquidity. If you "sometimes" cannot afford bond repayments, it means you were forcing in the 1st place and should have bought! I always have cash flow from my passive income and that is never a problem. Kill the scarcity mentality! For point 3, ofcourse you wont wait untill the neighbourhood until its bad bad bad. Always be awake and see signs early and liqudate. If you get out early, there will always be a fool that will catch your hot potato. Again, liquidity! You should be prepared to sell at a loss or break even atleast.

[@nkululekomabaso1629]

Very informative sis, thank you ❤

[@philisiwesnethembagule7535]

This in informative ..Thank you

[@cryptocontinent6789]

Buying far more better than renting so better stay with your parents untill you can afford

[@nokuhlekumalo]

Impractical. How many people work where their parents live ? Also sometimes living with parents isn’t all flowers and rainbows and people might end up sacrificing other aspects just because they’re living at home.

[@murendeni4782]

I’m a young professional and it does come with a lot of critical decision making. I just moved out of home and I’m currently renting, I get a lot of people telling me it’s better off buying but after this video I’m definitely taking my time. May you please consider doing a video on available housing subsidies for first time home buyers, if you haven’t, I’m a new subbie🫶🏽

[@nokuhlekumalo]

Hi Murendeni 🌻 thank you for watching! I will definitely be doing a video including the housing subsidies available especially for first time buyers - hope you’re subscribed so you don’t miss it when it does eventually drop 👍🏾

[@relebohilesibeko3419]

Thank you for this informative video and honestly, there is no right answer to this. Like you said, it depends on where one is in life.

[@miranda_withlocs5896]

What about buying land and building your property?

[@BonoloPalesaNorris]

This was a great video Nokuhle. I needed to listen to this at this very moment.

[@nokuhlekumalo]

😉😉😉🙌🏾 so glad I posted at the right time ! All the best with your decision making ☺️

[@ntobekothiba]

Welcome back S’nqo 💃🏾💃🏾💃🏾💃🏾💃🏾💃🏾💃🏾❤️❤️❤️

[@Village_Lawyer]

Hi, thanks for the thorough explanation. which device and app do you use to write your notes?

[@hlavutelochauke8341]

Thank you ... What is your take on buying an estate apartment to rent it out ?

[@nokuhlekumalo]

😉 let me jot this question down for my video on buying property. Will make sure I cover this 🙏🏾.

[@hlavutelochauke8341]

💃❤

[@botshellow]

Thank you for asking dat, .. I was about to ask the very same question

[@musawenkosisangweni3689]

I'm just here to say "I congratulate you, I congratulate youuu" engathi onke ama video akho now apply to me, from professional bank accounts to buying your first car now renting vs buying :) syabonga ukuba khona kwale channel ngoba Ayyy Adulting :( i scam lento.

[@bearzakes4459]

Great video MaKhumalo, 🥰

[@NonkanyisoMathonsi]

Love your content😍😍😍👑

[@brandondouwie6477]

Another awesome video, Nokuhle🌟 Learning a lot!😅

[@itumelengbabune567]

Hi thanks for the video Please do a video about selling a property

[@nokuhlekumalo]

Will add it to my list 😉 thank you so much! Will let you know once it’s available.

[@annitam]

Loved this video. Very informative ❤

[@nokuhlekumalo]

Thank you for watching & commenting 🥹♥️

[@juliedee8873]

Value for my data👌🏾💯

[@samjnr1300]

Thank you for the tips.

[@nokuhlekumalo]

Thank you for watching 🙏🏾!

[@andilejili7577]

Thank you for this video, it was very helpful.

[@nokuhlekumalo]

Thank you for watching 🙌🏾

[@sandysandy9275]

Do any companies help you out with relocation to another province for a trainee contract...in the first month

[@Lerato_M]

I don’t know why would an old lady me consider renting

[@rljmofokeng]

Viewer number 2. Commenter number 1. Haala

[@nokuhlekumalo]

Hahahaha you’re technically viewer number 1 too ke 😉 cause viewer number 1 is myself when I’ve uploaded. High 5✋🏾♥️ thank you!

[@chandawealth]

Lifestyle or legacy it's that simple

[@thembelihlekhumalo6230]

thanks sis.. Great content👌

[@nokuhlekumalo]

Ngyabonga Mntungwa ♥️

[@tinashemashao]

I’m about to upload “home owner at 25” #titledeed

[@lilonkemhlanganyelwa4309]

love the short an sweet intro

[@nokuhlekumalo]

🥰🥰🥰 thank you!! Thought I’d try something different from saying my name first!

[@tebogomaebela1793]

What about buying land and building your own house

[@nolwazizwane4114]

yoh waze wangisiza oe

[@njabulosibiya6578]

Muhle lo sisi🤧

[@SENFU-y9y]

Does anyone know if levies and taxes are the tenants responsibility?. I've never rented so I'm seeing levies and taxes which is confusing.

[@jonathanmwema7093]

These are Landlords responsabilities my dear

[@SENFU-y9y]

@@jonathanmwema7093 Thank you!

[@zanelenxumalo5057]

Great content

[@maplez470]

I bought a house on auction and it was much cheaper (purchase price) than a checking for houses on property 24

[@luciamogashoa9683]

How did you deal with getting occupants of the house to leave.

[@maplez470]

@@luciamogashoa9683 I was lucky to have dealt with a cooperative person cause they accepted their fate n once everything was dealt with the lawyers n bank I just gave them 1 month to move n thy did

[@tshegofatsomamiala9625]

Please give more info.Thanks

[@zamoblacktiger]

Clearly those who agree with her did history at school.

[@LindokuhleM_S]

😂💀

[@maxine6933]

😂😂😂lol naughty you.

[@tb22k]

❤thank you

[@thatomhlanga2553]

I so agree…

[@vusmuzimasilela2358]

Mina I dont care ngama property and all that Mina ngizibonela a good woman engingamenza umfazi, You just my type wena🙆🙆

[@HousinginfoNG]

interesting!

[@bevonyoutubetv4333]

Buying a house is better than renting a house plus it's an asset to but a house

[@siphondlovu.1696]

The kid analogy😹

[@nokuhlekumalo]

🤣🤣🤣 you got the picture!

[@Rethabile-p9e]

Okay but what about building a house from scratch which one is cheaper buying or building?

[@nokuhlekumalo]

It depends 🙏🏾 one who have to do a costing analysis of both (and factors such as area would impact the pricing so it’s not an easy answer)

[@serakemanabile3075]

Renting is a waste of money No value over the long run You will keep on moving till you are 50

[@nokuhlekumalo]

First line is a bit of a wild generalisation -but all’s good if it works for you 🙏🏾.

[@manikimoloi4386]

Interestingly about property, some people rent to stay and buy multilets to get income and offset some of the rent. Overtime they build a good portfolio of multilets

[@leongraham8433]

There's this crypto currency company I invested 1000$ in and I made 4300$ its safe to say crypto currency is the fastest way of becoming finicially free

[@lauramachaka9703]

Thanks l love yr content can l have your email would like to ask something