Real Estate Investor Magazine South Africa April 2016 | Page 25

A home’s potential to grow does not only relate
to its size, but also it’s potential to increase in value.
Buyers should following the basic principles of home
buying to ensure they give themselves the best chance
at a good return on investment, which include buying
in a good location, as well as checking area statistics
and figures to ensure the home is bought at a fair
market value.

Because property should be
viewed as a medium to longterm investment, it is best
to opt for a home that can
grow with the homeowner’s
changing criteria
All elements have a lifespan

Put fundamentals first

Even if the first property that purchaser buys doesn’t
have any luxury features, it is important that they
ensure that all the fundamentals are in good repair.
While a list of defects should be provided to the
buyer, it is still worthwhile to thoroughly inspect the
property for any hidden defects. If there is anything
that the buyer is unsure of, they should look into
getting a professional contractor to inspect the
property and provide a snag report.

Is there potential for growth or change?

Because property should be viewed as a medium to
long-term investment, it is best to opt for a home that
can grow wi H