Sachal works with trusted builders like DRH & Instruct as we understand that building your perfect home is the ultimate dream. We offer manufacturer’s warranty and our fittings are of a much higher quality which require minimal maintenance. Our design team is able to conceptualise and build according to your living requirements resulting in a home that is within your budget, needs and lifestyle..
Investing in Land
Investing in land is a sound long term investment strategy to grow your wealth. Location is an often repeated mantra. The land Sachal represents is of optimum quality as its close to amenities, educational and health facilities with good transport connections to the city. Security is knowing your investment will be a success and you are on your way to financial freedom.
Three Easy Steps to Land investments
As a first time investor, this can be an especially exciting and daunting exercise. However we at Sachal will provide assistance every step of the way to ensure you get a great home.
- Evaluate the land you plan to invest in. A good builder will be able to advise you on the composition of soil on your investment ( the presence of sand , clay or limestone)
Once you have made your decision on the plot of land, it is strongly recommended that you register an EOI on the land . The EOI is termed as an Expression of Interest and you will be required to make a minimal deposit of between $2,000 to $5,000 dollars.
- Once you have sorted out your financing, it will be time to enter into a Sales & Purchase Contract. You will be required to engage the services of a conveyancer for this. The cooling off period in the event you change your mind is three working days. However once you are satisfied with your purchase, congratulations on your wise investment.
- You will now be ready for discussions with your choice of builder. The builders represented by Sachal are highly reliable, responsive and reputable. As different estates will have various restrictions and covenants , our builders are well versed in restrictions with regard to building height and materials for the construction of your home.
- Our builder partners are very responsive as you will be updated on every stage on a regular basis on the progress of the building and address any concerns you may have.
First time Buyers
First time buyers should identify their need and determine the “affordability factor”. It is advisable to do the market research to find the right property at the right price. As a rule of thumb, the budgeting of the affordablity factor ranges between 1.5 to 3 times the annual salary drawn.
It is best to approach various banks to talk to them on their various mortgage options available. Bear in mind to comfortably service the monthly loan payment, it should not exceed 40% of your nett monthly income.
A full disclosure of your personal portfolio provided to the lending institutions will assist in improving chances of getting the mortgage loan approved. This includes disclosure of your savings, other income sources i.e , investments, inheritance, stock portfolio.
- Fixed Rate Loan
This is a loan package that charges a fixed repayment amount every month for the entire loan tenure. Fixed rate loan packages are suitable for those who are risk adverse.
- Floating Rate Loan
Ideal for investors who plan to pay off their loan within a short period. The benefit of this package is that the investor will enjoy the low interest rate offered and are prepared to pay the extra instalments when required.
- Flexi Loan Package
This package provide advantages to investors who have extra cash to spare every month and can pay into the loan package to save interest. Interest is then calculated on the reduced outstanding.
Tax & Legal Representation
Sachal services include provision of assistance to setup a Tax File by our appointed chartered accountant and tax agent . Our services include a resident lawyer who can provide legal representation and advice.