Tag: HFG Developments
Plot-and-plan homebuilding – the hidden costs of construction delays
South African homebuyers are losing hundreds of thousands of Rands to a little-known charge embedded in the Plot-and-Plan purchase process. One Western Cape developer has decided to tackle the issue instead. There is a cost built into almost every Plot-and-Plan home purchase in South Africa. Most buyers have never heard of it before signing. By the time they discover it, construction is already underway, and the bill becomes unavoidable. It is called interim interest.
