Friday, 8 June 2007
Buying Property Tip!
When you spot a property which "potential" for big returns, be careful you don't just invest in an area where the property prices are stabilising. Look for the next area with potential growth. It may be a shot in the dark and it may be the incorrect choice, but the fact of the matter is that in South Africa right now, you cannot go wrong. You'll always make a good return on investment "provided you don't over capitalise".
If it means you need to rent out the property or live in an area that you've been avoiding for years, hey it's a sacrifice you should be willing to make for good returns. In the end it is your future you're looking after.
The question is where do I start? Do your research, make sure you drive around on Sunday's and look at those show houses. Call the agents, tell them what you're looking for. Give them a selection of choices in terms of area's and try not limit their choices too much.
If you don't have enough time to check things out , use your online resources, that's why they're there. A good place to start is MyRoof.