THINGS TO CONSIDER WHEN BUYING A SECOND PROPERTY
Buying a second home is a major commitment, so it’s important to research the local market and find out as much as you can about property investment in South Africa. People usually add to their property investments in South Africa because they see good investment value, want a holiday home or are setting up somewhere they can retire to.
Depending on the purpose of the purchase, you may need to keep your personal tastes out of it. If you’re buying for investment purposes, you need something that will be attractive to renters or future buyers. If you’re looking for a holiday home, make sure that it has everything you and your family might need for the foreseeable future in terms of indoor and outdoor space as well as amenities. And if you’re looking for a retirement home, make sure that it is designed to accommodate an older person or people. For example, a single storey home is preferable to one with stairs. If you’re buying an apartment, is there a lift? Read more
Best to all,
Margie, Clare, Fiona, Terry, Alison & Jane