Everything Counts | Episode 9: Buying a rental property or holiday home in South Africa

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In this episode of Everything Counts, we explore the financial and practical considerations of buying property for resale or as a holiday home. Motheo Khoaripe is joined by experts Keshnie July (Lending Product Owner at Investec), Hayley Ivins-Downs (Managing Executive for Real Estate at Lightstone Property), and Tsholofelo Mokoma (Property Practitioner at RE/MAX Horizon).

They discuss the pros and cons, trends, and hidden costs of owning a second property. Whether you're an investor or considering a holiday home for leisure, this episode is packed with insights on market trends, legalities, financing, and tips to protect your investment.

Key moments:

00:00 Introduction: Investing in a second property
01:00 Property ownership trends in South Africa
02:00 Renting vs holiday homes: Key trends
03:00 Financial impact of interest rates on rental properties
05:00 Location considerations for rental or holiday homes
07:00 Hidden costs of owning a second property
08:00 Legalities: What to ask your agent
10:00 Managing rental properties: Contracts and agreements
12:00 How to know if you're ready for a second property
12:30 Role of the bank and financing options

Everything Counts is a bi-weekly podcast series that focuses on money and financial wellness. Hosted by 702's Motheo Khoaripe, each episode tackles various aspects of personal finance, including saving, spending, investing, pitfalls to avoid and tricks to succeed. The podcast aims to provide valuable information and expert guidance to help you improve your financial well-being.

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17 Sep 2024 English South Africa Business · Investing

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