Tips For Buying Coastal Property In SA by:Anita Lyon
Tips for buying Coastal Property in SA
Whether you are looking for Hout Bay property or Fish Hoek property, one thing a new investor should know is that coastal property is vastly different from other investments. Owning property that is close to the water's edge is certainly an attractive option to buyers. The demand for these properties is high among holidaymakers and those looking to rent. One thing is for sure, getting the right property will definitely ensure they you get a consistent return on your investment, and the potential re-sale value is almost certain to rise.
What should you be looking out for when investing in coastal property though? Here are some tips that you can use when you decide to dip your feet in South Africa's superb coastal property market:
- Forget the furniture:
A lot of coastal properties for sale include the furniture. The simple fact is, banks do not recognise the value of the furniture when applying for a loan. A simple way of getting around this would be for you to make a separate deal regarding the contents of the home.
- Find an agent:
When you are nowhere near your investment, ensure that the property is being looked after professionally. Agents should be registered with the Estate Agency Affairs Board. Rentals that are collected on your behalf should also be placed in a protected trust account.
- Make sure the rules are obeyed:
When considering your options, check the plans and boundaries of the property. If it is situated on the beachfront, make sure that there are no structures within the Admiralty Reserve, which is the 200m stretch inland from the high water mark. Not checking this can result in high reinstatement costs and hefty fines.
- Check the finishes:
Quality and type of finishes are important when selecting coastal property. The salt in the air and sun damage can quickly erode certain features and could become a costly affair. Wood needs to be constantly cared for while rust can be a menace to certain types of steel.
Property is an investment that can yield high rewards, but selecting an option hastily can also result in a big loss. Use these tips and discuss your options with experienced investors to ensure that you are making the right decision.
About the author
If you are looking for a coastal property in Hout Bay, Fish Hoek or Simons Town, then look no further than Rawson Estate Agents - the leaders in coastal property. Should You Join Free Online Dating Websites ? Autism Help- Parent Coaching & Support Online Payroll Design your Website Online Choosing The Right Ecommerce Solutions Partners Cheap Teenie Weenie Clothing Unique Wedding Invitations Give You A Surprising Wedding Lonestar Academy Is Your Child's First Soccer Experience Choosing online websites for CFD trading Payday Loans: Assured Access To Instant Monetary Relief Buying Conveyor Systems Be With Your Family In Delhi And Send Flowers Ton Trivandrum That Is What Online Marketing Comes Learning China Climate before a China Trip