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Cape's unbeatable holiday home value

17 Oct 2014

As we head into the summer months and start thinking about the approaching annual holiday season, many may also consider whether the time has come to buy a holiday home. Investing in property remains one of the smartest moves that you can make.

This seven bedroom house in Stilbaai offers a pool area, Jacuzzi and an alarm system. It is selling for R4.125 million - click here to view.

This is according to Seeff chairman, Samuel Seeff, who says aside from the security and stability of owning your own home, there is inherent capital growth in bricks and mortar.

“While the primary residential market has picked up significantly this year, and holiday home buyers are returning in their numbers, Seeff’s branches on the Cape South and West Coast report that in many areas there is still excellent stock on the market. The great news for buyers is that this sector is still much a buyers’ market.”

Seeff says if you can afford to do so, investing in a second home is always a good idea. Aside from the asset value, a weekend or holiday house means you can escape as often as you like, and it is a great meeting place for family and friends. Later on, it can become your retirement home. Given the demand for holiday rental accommodation, especially on the south and west coast, there is always the opportunity to let it out to recover some of the costs of owning a second home.

This three bedroom house in Country Club, Langebaan, has three bathrooms and a covered patio with braai. It is on the market for R1.699 million - click here to view.

Ensuring that you buy smart is vital. Often, buyers do not give sufficient thought to the holding costs of a second home and this can become a serious burden during a challenging economic cycle. Buyers should always do their homework and thoroughly investigate the area, especially if they intend relying on rental income to offset some of the costs. Vital too, is budgeting carefully for the costs associated with a second property such as rates and taxes, maintenance and security, he says.

Whether you prefer the Cape South or West Coast, the areas abound with scenic holiday villages, each with unique natural surroundings and attractions. Here you can explore nature, hike and indulge in fishing and of course bird watching. Most towns and villages also offer basic infrastructure for necessities and bigger towns are generally within easy reach.

Along the Cape South Coast there is dolphin and whale watching, beach walks and fynbos reserves with roaming small buck and a wealth of birdlife. The area is just over three hours’ drive from Cape Town and stretches from L’Agulhas at the most southern tip of the continent past Struisbaai, Arniston and Witsand to Stillbaai, about four and a half hour’s drive from the city.

This five bedroom house in Witsand offers an open plan kitchen leading to a garden and a jetty for use by residents only. It is priced at R3.65 million - click here to view.

Struisbaai agent, Alta du Toit, says there are still a number of sea view stands in the village priced from below R500 000 to around R875 000, for a 580 square metre stand in L’Agulhas with panoramic sea views as far as the lighthouse. There are also still holiday homes up for grabs for below R1 million. Sea view homes range upwards of around R2 million depending on the location.

While it is still an excellent time to buy your dream holiday home, Witsand agent, Jo Attenborough, cautions that this may be the last window period for buyers to still find prices at the 2006/7 levels.

Witsand is made up of mostly freestanding properties and all are in close proximity to either the Breede River estuary or the Indian Ocean beaches of San Sebastian Bay, says Attenborough.

The most popular sales at the moment are for good value full-title dwellings situated in prime positions. There is still an excellent choice of vacant stands, priced below R600 000 and houses from as low as R1.1 million for a three bedroom home close to the beach.

Marie Hamman, agent for Stilbaai, says in this area too, buyers have an excellent choice of properties either close to the beach or Goukou River that flows through the village. Vacant stands of around 300 square metres to 800 square metres are available at between R350 000 and R950 000. Houses start at about R1.2 million to around R2.2 million.

This three bedroom house in Struisbaai has an indoor fireplace and patio with built-in braai. It is on the market for R1.995 million - click here to view.

The close proximity of the West Coast villages to Cape Town (only about one to two hours’ drive), fynbos landscape that turns into a flower carpet this time of the year, coastline and sandy beaches, seafood and warm hospitality all adds to the desirability of holiday homes in the area, according to Langebaan agent, Merle Nicholls.

The good news for buyers is that there is still an abundance of property stock on the market in the village - anything from vacant stands priced below R500 000 to around R865 000 for a 364 square metre sea-view erf. Holiday cottages are also still on offer from about R890 000 for a three bedroom home in Skiathos, close to Club Mykonos.

Nicholls says those looking for a luxury holiday home, are also still able to find plenty to choose from in Langebaan. Prices start at around R2.2 million and range to about R10.95 million for a modern 1 000 square metre architectural home with panoramic views over the lagoon.

Paternoster agent, Marina Enslin, says the quaint fisherman-style cottages remain the most popular with holiday home buyers. Prices now start at R1.85 million for a two bedroom unit and R2.2 million for three bedrooms. Large beach houses range upwards of R3.9 million to R7.9 million for a six bedroom home, right on the beach.

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