Whatshot

2026
All
September
2025
All
November
All
2024
All
June
All
April
All
2023
All
March
All
2022
All
2021
All
2020
All
March
All
February
All
2019
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
May
All
April
All
March
All
February
All
2018
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
May
All
April
All
March
All
February
All
2017
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
May
All
April
All
March
All
February
All
January
All
2016
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
May
All
April
All
March
All
February
All
January
All
2015
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
May
All
DHS
April
All
March
All
February
All
January
All
2014
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
KZN
May
All
April
All
March
All
February
All
January
All
2013
All
December
All
November
All
October
All
September
All
August
All
July
All
June
All
May
All
April
All
March
All
February
All
January
All
2012
All
December
All
November
All
October
All
September
All
August
All
July
All

Top 5 tips for investing in a holiday home

Top 5 tips for investing in a holiday home

Author: Pranil Maharaj
Date: 2017-12-01

As the festive season draws near, many will be starting to make arrangements to spend some holiday time in South Africa's most sought-after leisure destinations.

As with any property investment, when looking to purchase a leisure property there are several aspects that buyers should consider before deciding to commit financially.

Here are the top 5 tips that holiday home buyers should consider to ensure a good return on their investment:

1. Location: There is a reason the adage of 'location, location, location' came about - because there are few aspects that influence a property's investment potential like where it is situated.

2. Upcoming plans: It is best to view property as a long-term investment. Don't just consider what an area looks like now, look at possible future developments or plans for the area.

3. Affordability: Before heading down the holiday home route, consider your financial position, paying particular attention to the acquisition costs such as a deposit, transfer fees, and conveyancing fees.

4. Property management: There are a few practicality issues with managing a home in another town, so it might be worthwhile hiring a professional property management company to look after the property.

5. Will you get good use out of it A holiday home can generate rental income, but the most lucrative times will be during the holiday seasons, which is most likely the time you would want to use it.