Apartments make for good property investments

Apartments in South Africa make an ideal property investment for South Africans living abroad, says Scott Picken, MD of International Property Solutions.
"Apartments are ideal in many ways for South Africans living overseas to get on the property ladder back home. For one, they are generally a lot cheaper than houses or townhouses, because the land cost is divided up by more properties. So from a price perspective, they are a lot more affordable, which is a major plus if you're living abroad and still travelling a lot, because you don't want a large mortgage that is going to chain you to your job until your visa runs out."
"They are also ideal because there is a lot less admin involved in owning and maintaining an apartment, compared to a house. A lot of tenants couldn't be bothered with maintaining a garden, for example. They live in your house for a year or two, and when they move out the garden is in a complete state - which makes getting the next tenant that much more difficult. The hassle of co-ordinating a garden service is not an issue with apartments, sometimes even if you're on the ground floor and have your own private garden, as the body corporate will take care of it for you. External areas like the walls and roofs, as well as communal areas like the swimming pool and clubhouse, are also maintained by the body corporate, which reduces the hassle, especially for buyers that live overseas."
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