Retirement Dreams Living it Up in South Africa A Guided By Jessica Austin
Many of us dream of our retirement long before it happens. South Africa offers a great opportunity for early retirees, as it has a strong tourist bias and breakfasts and bed and breakfast are very popular. The South African bed and breakfasts not only offer excellent and affordable accommodation, but also offer the anxious pensioner an opportunity that may not be found in any other country. First hours ahead South Africa is a country with a lot of tourism options and, despite recent political delays, will become one of the top balloon destinations in 2010 due to the celebration of the FIFA World Cup. Add this to the favorable exchange rates and the current low prices of the property and you will have a winning combination for investment and early retirement.
The actual situation At the moment, the average South African is inclined to high interest rates and uncertainty about the changes of political parties and many are forced to throw away excess property and put their horns. It is a buyers market. With the imminence of 2010, accommodation establishments are assured of good profitability both in terms of occupancy and, as interest rates begin to fall in 2009, in terms of property equity. In summary, if you dream of a warm climate, good income and a solid investment, now would be the time to buy a dream bed and breakfast in South Africa, particularly in the coastal regions. Own property in South Africa Anyone can buy a property in South Africa. There are no restrictions for foreign citizens to buy or invest in real estate there. Some buy properties like holiday homes and are called 'swallows' while spending the summer in South Africa avoiding their own winter. Those who know how to rent their holiday home during the low season of South Africa to complement their return in the summer.
Buying a bed and breakfast or guest house offers you a business visa which is a way to obtain permanent residence. Not only does it meet the Home Affairs requirement of demonstrating that it is financially stable, as it provides additional income to increase your requirement of a monthly income of at least R20 000 for life, but having a good bed and breakfast also helps to meet the creation of employment quota is required. Identifying your bed and breakfast
Often, searching the Internet can save you a lot of time and headaches as many current owners will post their own ads to save commissions. It is a good idea to start there and get information from the owner. Before that step, determine where in South Africa it suits you. It's a very big country. The coastal regions seem to be the best for business related to tourism, although the attraction of wildlife still attracts tourism inland.
The Western and Eastern Cape is extremely popular with a milder climate and a variety of attractions, from wildlife to nightlife. Cities like Knysna, Oudtshoorn and Jeffrey's Bay have their own charm. Purchase processes In South Africa, a buyer sends a purchase offer, sometimes less than the initial price. Most of the bed and breakfast are sold as residences and have no commercial rights. Accessories and accessories are offered as a separate inventory. This ensures that a buyer is paying the correct price for the supply of bricks and mortar and that it is not inflated by the addition of second-hand furniture. Some will sell as a complete package, but one must be wary of the added value of real property when looking to resell, that is: does it exaggerate the real value too much? The property is sold 'voetstoots' in South Africa, that is: what you see is what you get. Once the seller accepts an offer, there is no going back.
The transfer takes around 6 to 8 weeks and the right applies. It is advisable that each party retain their own lawyer in the process. Things to keep in mind
Ask in advance for a copy of the signed and approved construction plans. Many South African households have omitted additions that could cost a small fortune later. Even a pool requires approved plans. A genuine bed and breakfast will have a complete set of accounts for the last business year, as well as a booking book. Read it before offering! Rates in South Africa have been recently revised and increases have been applied, so ask the owner what their new rates are on the property. Water is scarce in South Africa, so a drilling would be an advantage for a guest house, as would any solar conversion, for example: solar geysers
Take a good look at your online advertising. When did you update your website and other advertising material for the last time? Where are they classified? Interview the domestic staff. They often know much more than they should. Choose a unique location. Position is paramount, so spend a little more to make sure you can drive beyond business. An island, views, proximity to the game, golf or beaches are a must. Contact: Jessica Austin Online Money Investment +1 8035741090 Support@onlinemoneyinvestment.com Related Links http://www.onlinemoneyinvestment.com