Time for a change?
A change in homes can also herald a change in lifestyle. Those looking at moving on from their quarter-acre paradise might suddenly discover the appeal of an inner-city apartment, while city dwellers might dream of a lifestyle block in the countryside or a villa in the suburbs. Whatever the change and new horizons you have in mind be prepared to make well-informed decisions as part of your move.
Tip: If you’re looking for a completely different lifestyle, make a list of must-haves, versus wants and be prepared to research your new location thoroughly. Chatting with your agent can help.
Thinking of investing?
If it’s the ‘development potential’ of a property which is your main reason for buying it, check to see what you can and can’t develop before the purchase. You may be limited on what and how high you can build, how much and what part of your section can be built on, and activities you plan to do there (such as operating a small home business for example).
Tip: Check with your city about development restrictions before making a purchase.
Find out how your new neighborhood might change in the future. New buildings and businesses and even motorways may be part of the area’s plan. Don’t assume a quiet underdeveloped area will stay that way forever.
Tip: Ask a knowledgeable agent about possible changes to the local area. A well-informed agent should understand major developments in the works.
Don’t forget about the view
Check your new views won’t be built out, or even disappear behind recently planted trees.
Tip: Ask the city or local council how they will manage these plantings once they get high enough to block views and even sunlight.
Moving to a new environment can add an exciting new dimension and outlook to your life. But to make the most of your move, it is important to be well prepared for the changes in lifestyle. Your agent can advise you on the range of issues involved with such a change to ensure you make the most of your new property.
The hustle and bustle of the city and the energy of life a stone's throw from corporate magma is a drawing factor for many South Africans. We're aware of the urbanisation into major metros and the desire to achieve professional success as well the effects thereof on the micro economy of smaller towns.
However, for some, escaping that gripping hold of the city is essential and people who regularly trek to the country often explain how returning to simplicity a few times a year can be the recharge they were yearning for.
The primary option is usually to rent a home in the area for the holiday period or check into your guesthouse of choice, but calculating the benefit of owning property in these regions you'll discover can often be of greater value to the regular traveler.
Many estate agents have an extensive national footprint, Harcourts has over 150 offices nationwide with some being in smaller towns across all provinces, which will greatly assist in locating a property of your choice. Agents have databases and software that can match exactly what you're looking for against their stock.
When purchasing a second home or investment property, it is crucial to familiarise yourself with the local property landscape. Spend some time researching the value of homes in the area so you have a good idea what you can afford before starting the process. You don't want to overextend your budget on a home that is designed to relieve stress not create it. However, in many cases in the smaller towns you are able to get a lot more bang for your back.
Also, take into consideration what your usual holiday activities consist of and select a property that fits that schedule. If you're only looking for a place to rest your heads at night and typically explore the region during the day a home with all the extra bells and whistles that are aimed at extreme comfort might be a waste of money.
Buying a holiday home can be a very exciting process that yields incredible memories for your family. If you select a professional estate agent with a highly recommended local network then this investment could be a wonderful addition to the family.
Harcourts Africa Chief Executive Officer