Tips on choosing the right Dolphin Coast property for you

Everyone knows the Dolphin Coast is the place to buy property, but they do not know where exactly or what to buy.

If you have some cash to spare, investing in property on the Dolphin Coast is a no-brainer.

However, knowing what type of property to buy and what type of buyer you are, are factors that can make or break the investment.

Pam Goulding Ballito area specialist, Anton van der Merwe said Ballito offers so much for buyers that it is important to know exactly what you want to get out of your property in order to make the right decision.

Property is a long-term investment, so be patient and hang onto it for as long as possible to really get real value from it.

“I usually see two types of buyers – investors and holiday home buyers. Investors buy with their head, not heart, so for them it is all about return on investment. For the best return, my advice is to buy the cheapest, smallest property in the best possible area. It is also often better to buy two cheapies rather than one expensive unit, because two spots will give you slightly better growth especially at the moment as we have this uncertainty of capital appreciation,” said Van der Merwe.

If you are buying a holiday home, you need to decide whether you want or need to rent it out.

“Unlike investors, holiday home buyers should try buy the best they can afford. The two most important factors you need to be clear on when buying a holiday home is your budget and your lifestyle requirements.”

He said when it comes to budget, you have to consider the running costs and maintenance of the property, not only the bond repayment.

“Position, position, position! You need to look at the location of the property:  do you have a sea view? how close it is to the beach/restaurants/shops? It is important to check the management/upkeep of the complex you want to buy in, as you will not be there to keep an eye on things all the time, so you want a well maintained block to take that worry away. If you want to rent out the property when you are not using it, consider getting a two bedroom place as it will probably offer better returns than a three or four bedroom property.”

Buying property is exciting, but it can be a real stress factor if you did not buy what suited you best.

Buyer Checklist

Before rushing into a buy, stop and think about what type of buy is best for you and your money. To help you be better prepared before going to the estate agent, decide which buyer you are and go through the below checklist:

  1. Have you decided on which area you want to buy in? (Do you know the differences between Ballito, Salt Rock and Sheffield Beach for example.)
  2. What can you afford? (Do the math, be honest and think about the hidden costs such as maintenance and levies.)
  3. What does your lifestyle require? If you enjoy a good braai, make sure the place you are buying allows a braai on the veranda. Do you need the place to be pet friendly? Are you allowed to let out the place when you are not there? Do you value privacy or are you OK with your neighbour looking onto your balcony?
  4. Have you seen something that appeals to you? Show your estate agent what you like, to give them an idea of what to look out for.
  5. What is your long term vision with the property?

>>  Expect to find the latest trends in Health, Wellness and Beauty in Ballito.

>> Meet the top players in the North Coast property industry. See our Property People feature.

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  AUTHOR
Elana Geist
Journalist

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