In this episode of Everything Counts, we explore the financial and practical considerations of buying property for resale or as a holiday home. Motheo Khoaripe is joined by experts Keshnie July (Lending Product Owner at Investec), Hayley Ivins-Downs (Managing Executive for Real Estate at Lightstone Property), and Tsholofelo Mokoma (Property Practitioner at RE/MAX Horizon).



They discuss the pros and cons, trends, and hidden costs of owning a second property. Whether you're an investor or considering a holiday home for leisure, this episode is packed with insights on market trends, legalities, financing, and tips to protect your investment.



Key moments:



00:00 Introduction: Investing in a second property

01:00 Property ownership trends in South Africa

02:00 Renting vs holiday homes: Key trends

03:00 Financial impact of interest rates on rental properties

05:00 Location considerations for rental or holiday homes

07:00 Hidden costs of owning a second property

08:00 Legalities: What to ask your agent

10:00 Managing rental properties: Contracts and agreements

12:00 How to know if you're ready for a second property

12:30 Role of the bank and financing options



Everything Counts is a bi-weekly podcast series that focuses on money and financial wellness. Hosted by 702's Motheo Khoaripe, each episode tackles various aspects of personal finance, including saving, spending, investing, pitfalls to avoid and tricks to succeed. The podcast aims to provide valuable information and expert guidance to help you improve your financial well-being.



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