There are many Property Finance Companies South Africa, who assist business owners by providing short - term loans to own their desired property. Leading financier companies are lending their funds for Financing Property Development in South Africa.

Categories of Refurbishment:

The most important question which every borrowers ask themselves before exploring finance options for refurbishment or renovation is how large the construction work going to be? Usually financier companies divides the requirement of builders and business owners into three categories:

1. Light Refurbishment: In this kind of project the main changes are aesthetic rather than structural, but it may involve some internal work on floors, ceilings and walls.

2. Heavy Refurbishment or renovation: In this type of renovation, it usually involves movement of internal walls, plumbing, or electrics, adding rooms and external walls as well as renovation of partial demolition and rebuilding.

3. Ground-up development: Ground - up development is the construction of a structure on an empty plot of land.It is a process of heavy refurbishment when nothing remains but stonework.

The benefits of availing services 

As per the project of the client, financial services will be offered by the financier companies. Property financing companies in South Africa funds their client up to 3 to 24 months of building costs. This short term loan covers majority of light and heavy refurbishments. Landlords can use their existing property as a mortgage to get the finance for purchasing more properties. This allows the landlord to increase their property portfolio without using any liquid cash.

In a nut shell

Do not lose an opportunity to own your dream property. You can easily maximize your profits by eliminating the cost of rent, which ensures the sustainability of your business for a longer period of time. A financier company is an essential ingredient in ensuring the completion of a construction project.