EDITORIAL VIEW
EDITORIAL VIEW
Invest within Real Estate in 2017 with confidence
We have kicked off the year with much excitement , having partnered with My Bond Fitness to launch our new first time homebuyers ’ and property investors ’ guide . This educational series will serve as an 8-step roadmap to your home ownership and property investment journey and will equip you with everything you need to get started as a first time buyer and investor .
You see , buying a property to get a firm foothold on the lucrative property ladder is probably the most important decision you will ever make in your life . It is irrelevant whether you are a first time homebuyer or starter investor getting back into the ever-evolving property market , it is important to get the right information , advice and guidance , and that you follow the right steps .
As a buyer and investor there are a number of macro and micro economic factors that you need to consider . We suggest that you focus more on the micro issues , which are controllable , versus macro factors , which are uncontrollable , to become a successful investor . Macro factors include ones such as whether interest rates will rise or drop , inflation rate fluctuations , housing supply and demand , performance of the rand versus other currencies , economic growth rate predictions , global uncertainty and the volatility of the political environment .
Micro factors include things like location of property , type of property , area rental returns , purchase price and potential capital return . Utility costs ( such as rates , levies , water , insurance and electricity ) and areas where there can be savings , such as on energy and water , are also micro factors .
Our macro prediction is that inflation will fall quite noticeably and , with all things being equal , hopefully the Reserve Bank will look to cut interest rates in the latter part of the year . More importantly , from a micro perspective , we think it is a great time to invest in real estate .
The other ingredients necessary for an investor are not only having the right information , the right mindset , and the ability to take action but also the right partners . REIM is also partnering with South African Property Investors Network for 2017 in rolling out monthly property network events in a city close to you . This is an ideal opportunity for you to educate yourself and meet new and seasoned investors . There is a saying that your net worth is equal to your network . So see you there .
Successful investing for 2017 !
NEALE PETERSEN
FOUNDER & PUBLISHER
“ In a world that ’ s changing really quickly , the only strategy that is guaranteed to fail is not taking risks .” MARK ZUCKERBERG
www . reimag . co . za FEBRUARY 2017 SA Real Estate Investor 3