Shanin Haus Properties: Navigating the real estate landscape with Selma Mulunga
Following her passion
Valuable insights into the intricacies of property inspections, purchase costs and what to look for during a viewing.
In an exclusive interview with the founder of Shanin Haus Properties, Selma Mulunga, we delved into the world of real estate and uncovered valuable insights into the intricacies of property inspections, purchase costs and what to look for during a viewing. With a background in computer systems and civil engineering, Mulunga has found her passion in the dynamic realm of real estate.
Property inspections and compliance
When it comes to property inspections, Mulunga explained that homeowners wanting to sell their properties must obtain a compliance certificate, ensuring that their property aligns with the regulations set by the City of Windhoek or their respective municipality. Inspectors meticulously scrutinise whether the structure on the ground corresponds to the approved building plans.
Mulunga explained: "You will need a firewall if your house is near a boundary wall, you will need a pool cover if you have a swimming pool, and things like that. These are things that you just can't get around and have to be compliant with."
Understanding costs in property transactions
She also shed light on the often-confusing terms "including costs" and "excluding costs" in property transactions. Using a simple example, she clarified that if a property is advertised as "including costs," the additional expenses are wrapped into the stated price. In contrast, "excluding costs" means the buyer must bear the additional transfer costs separately. These costs can vary depending on the property's evaluation, and when buying through a bank, additional transfer costs may be necessary. Transfer costs encompass legal fees for facilitating the transfer, while bond costs pertain to the expenses associated with transferring the property into the new buyer's name.
Viewing a property
During a property viewing, Mulunga emphasised the importance of assessing the property's upkeep. Potential buyers often scrutinise maintenance issues, including cracks in the walls, plumbing problems, damaged tiles and the condition of windows. She suggested ensuring that the geyser is operational and all essential home systems are in good working order, as these factors can significantly impact negotiations and the final selling price.
Reflecting on her journey, Selma Mulunga mentioned that she founded Shanin Haus Properties in 2020, simultaneously balancing her real estate endeavours with academics. In the first year, she primarily focused on rentals but transitioned into real estate full-time in the subsequent year.
For those interested in Shanin Haus Properties and the expertise of Selma Mulunga, potential clients can reach out via her personal number, 264 81 5950943, or connect through Facebook and Instagram. Additionally, more information can be found on the company's website, www.shaninhausrealestate.com.
Property inspections and compliance
When it comes to property inspections, Mulunga explained that homeowners wanting to sell their properties must obtain a compliance certificate, ensuring that their property aligns with the regulations set by the City of Windhoek or their respective municipality. Inspectors meticulously scrutinise whether the structure on the ground corresponds to the approved building plans.
Mulunga explained: "You will need a firewall if your house is near a boundary wall, you will need a pool cover if you have a swimming pool, and things like that. These are things that you just can't get around and have to be compliant with."
Understanding costs in property transactions
She also shed light on the often-confusing terms "including costs" and "excluding costs" in property transactions. Using a simple example, she clarified that if a property is advertised as "including costs," the additional expenses are wrapped into the stated price. In contrast, "excluding costs" means the buyer must bear the additional transfer costs separately. These costs can vary depending on the property's evaluation, and when buying through a bank, additional transfer costs may be necessary. Transfer costs encompass legal fees for facilitating the transfer, while bond costs pertain to the expenses associated with transferring the property into the new buyer's name.
Viewing a property
During a property viewing, Mulunga emphasised the importance of assessing the property's upkeep. Potential buyers often scrutinise maintenance issues, including cracks in the walls, plumbing problems, damaged tiles and the condition of windows. She suggested ensuring that the geyser is operational and all essential home systems are in good working order, as these factors can significantly impact negotiations and the final selling price.
Reflecting on her journey, Selma Mulunga mentioned that she founded Shanin Haus Properties in 2020, simultaneously balancing her real estate endeavours with academics. In the first year, she primarily focused on rentals but transitioned into real estate full-time in the subsequent year.
For those interested in Shanin Haus Properties and the expertise of Selma Mulunga, potential clients can reach out via her personal number, 264 81 5950943, or connect through Facebook and Instagram. Additionally, more information can be found on the company's website, www.shaninhausrealestate.com.
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