South Africa has some of the world’s most sought after holiday destinations and offers buyers great opportunities to invest in a steady and resilient market. One of the most exciting and exclusive holiday homes in South Africa can be found along the Atlantic Seaboard. Here are a few things to consider before you take the first step to investing in a holiday home in South Africa:
1. What are your needs?
Firstly you need to establish what you want from the property. Do you want to use it mainly as a holiday home or a haven where you can base yourself once you have retired? There is off course the option of buying to let, which means you can earn some extra income through short or long term lets, depending on your needs.
Once you have decided on an option you can set out some definitions of what you want this investment to offer you. Maybe you would prefer if the property were close to specific recreational or sporting facilities like a golf course or beach. Also start drawing up ideas of the amount of bedrooms and bathrooms you would require, your swimming pool requirement, parking facilities, etc. Make a list of all these things as this will make the house hunting easier and more targeted.
2. What is Your Budget?
Know you can take a look at your budget and start looking into what type of property you want to buy. Holiday homes in South Africa include houses, apartments, town houses, managed property, time share, fractional ownership or you might want to build your dream home from scratch. Your budget will give you a good indication of where in the market you can start looking.
3. Find an Agent
At this point you can start looking for an agent who will be able to help you with the finer details of purchasing a holiday home in South Africa. If you choose to rent out your property you can also start looking for a rental agent or property management company. Remember to shop around for a good agent with the necessary experience and qualification.
4. Start House Hunting
Make sure you get a good look at every property before you make a decision. Try to see as many properties as possible without sacrificing on your needs. If you choose to buy to let ensure that you do thorough research on the area to guarantee that you will be able to cater for your target market. For example, if you are targeting holidaymakers, the property needs to be close to the beach, near restaurant, attractions etc.
When you are looking to purchase a holiday home, South Africa is certainly the place to start looking. The country offers some of the most sough after holiday homes, made popular by their immaculate settings and promising investment potential. Also, the rental market in South Africa is booming so this might be a great chance for you to purchase that dream holiday home you always wanted while still having the option of renting it out when you are not using it.
Author Resource:
Elizabeth works for SAHometraders - South Africa's leading online property portal. Visit http://www.sahometraders.co.za if you are looking for property for sale or to rent in all parts of South Africa.
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