The Institute for Work at Height (IWH) has identified specific issues in the May 11 amended draft of the Construction Regulations 2010, under section 43 of the Occupational Health and Safety Act, No 85 of 1993, which could lead to a backlog in permit authorization, and a decrease in construction work and the employment of work-at-height technicians, IWH national executive committee member Hein Stapelberg reports.
“The IWH is currently involved in, and closely monitoring, the review of these regulations as some of the proposed changes to the construction regulations were negative, and the IWH has submitted exhaustive comment on the proposed revision to the National Department of Labour director-general,” he says.
First National Bank (FNB) said on Wednesday that building activity continued to contract during 2010 and that it expected confidence in the sector to remain low for some time.
Nevertheless, the FNB Building Confidence Index did rebound slightly during the third quarter of the year to 29, after falling from 30 to 24 during the second quarter of 2010. At 29, the index is still very low compared to the levels of 80 plus reached during the period 2005 to 2007.
Even so, the present level is still above 11, the lowest point reached during the previous downturn. This suggested that the index had probably not reached its lowest point and could decline further during upcoming quarters, said FNB chief economist Cees Bruggemans.
Some luxurious but costly improvements that are commonly viewed as value-builders are actually losers when it's time to sell.
The real dogs in terms of payback at resale are luxury items that are highly individual to the owner's taste. Things like Jacuzzis and tennis courts are very low on the payback scale. Saunas are a complete waste of money as are Koi ponds and water features.
The most definite way to recoup costs
Kitchen improvements are perhaps the most definite way to recoup your revamping costs, depending on the nature of the changes and assuming that you don't spend too much relative to the value of the home.