Residential property investments are booming in the wake of a financial recession that saw property dropping to all time low prices. Houses that would have sold for excessively high amounts are on the market for much lower prices because people are simply desperate to sell their homes. If you are looking for that property on the coast that you’ve always wanted then now is the time to look. Whether you prefer Durban or Cape Town now is the time to buy that dream holiday cottage or villa. You can even make money from it when you are not staying there by renting it out to others.
Although people are still making good returns when they sell their homes, residential property investments are still not as immediately valuable as they used to be. However, anyone in the market knows that houses only grow in value when they are well-maintained and looked after. Purchasing a property in Cape Town or Durban and maintaining it can allow you to make really good returns in the long run. As an investment, it is guaranteed to make money, especially in the summer seasons with the mass exodus to the coast. It is time to cash in on those great deals and start buying.
If you’re a first time property buyer, then you’ve really entered the market at a lucky time. Houses are on the market more than ever, and for a fraction of the price. So it’s time to pack the car with the beach ball and bat, umbrella and sunscreen because soon you’ll be relaxing in one of your own homes at the coast. What bliss! What’s better is that you’ll be able to make money just by owning the home. It is now the time to be smart and make residential property investments.