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. YOU MAY ALSO BE INTERESTED IN: Investec Private Home Loan No two individuals are the same. That’s why Investec will structure your home loan according to your needs and you'll benefit from market-leading interest rates. From application to approval and registration, your Private Banker will help you every step of the way. To find out more about the Investec Private Home Loan, visit our website and if you’re an Investec client, get in touch with your Private Banker. Investec Bank Limited is a licensed FSP. Terms and conditions apply.