Invest in luxe living in South Africa

South African suburbs enjoy a standard of living like no other in the world. Numerous expats have gone on record to say they miss the comfortability of living in South African communities, as the cost of living and quality of life in many other countries cannot be compared to home, sweet home. Indeed, some of the best properties in our country have become holiday homes or investment points for intelligent individuals who know the value held in the luxury home market. 

 

 

Of the many locations to choose from in our country, the province of Gauteng is a profitable one. Internationally known and recognised, Johannesburg is home to the country's elite suburbs and estates. Homes in well-kept areas such as Kempton Park are always in high demand, while secure estates in Pretoria East fetch a pretty penny on the market. 

 

When picking the perfect location to invest in, mull over your options with great attention to detail. Safety is a big priority and should be high on your list, along with an all-encompassing modern environment. 

 

 

Having a good financial understanding is essential before deciding to embark on any property investment plans. A house often ends up costing more than the listed price when you factor in all the additional expenses that come with it. A decent starter home in South Africa will cost you anything between R1, 25 million to R2, 5 million. Take into account the transfer costs, legal fees, home and contents insurance, renovations, maintenance and more and you have a whole new figure to work with. With a home loan, you have to consider the repo rate fluctuations and any lifestyle adjustments you have to make to include this. 

 

In the long run, deciding whether to buy or rent a property for residential purposes comes down to your financial security and what you are looking to get out of your investment. As a home, you want to find an idyllic suburb, conveniently located and packed with amenities, entertainment and facilities for you and your loved ones. As a business decision, buying a property to rent as a landlord to tenants or host Airbnb guests, the area you choose will greatly impact the success and longevity of your investment. 

 

 

Areas such as Pretoria East are held in high regard for their ease of access and suburban living. These properties have terrific investment potential for local and international investors. With new apartment buildings, gated community estates and freestanding houses, RealGlen Properties has a listing choice that caters to your needs. Brand-new developments are quickly snapped up and are a great choice for those looking to manage their properties with the least amount of involvement possible. 

 

Freestanding homes require more effort to manage and maintain, however, they are worth the energy in return. Many tenants opt to purchase the home they have been renting and you will not have to go through the process of listing your property or hosting show days. Luxurious houses are excellent investments as they are high-value assets that people look forward to adding to their portfolios. 

 

 

RealGlen Properties has a team of respected property practitioners who deal with top-shelf real estate. The Gauteng listings we have on offer have been hand-picked to ensure our clients get the best deals possible. Contact us today to discuss your luxury living opportunity in South Africa.

Author REALGLEN Properties