Score Bigger Returns: Simple Strategies for Your Next Property Investment

Investing in property can be a fantastic way to grow your income, and it doesn’t even have to be that complicated. Whether you’re a seasoned pro or a newbie just dipping your toes into the world of real estate for the first time, we know you’ll want to maximise your property's rental income and boost your returns. Here are some easy and effective tips to help you make the most of your investment.

Location, location, location

First off, location is key. A great neighbourhood can make your property super attractive to tenants and allow you to charge more for rent. Look for areas with good restaurants and shops nearby, and plenty of job opportunities; places near business districts or tech hubs are also always a hit. Families love being close to good schools and parks, so consider those amenities too. And don’t forget about public transport! Easy access to buses and trains is a big plus for many renters.

In Cape Town, check out neighbourhoods like the City Bowl, Green Point, Newlands, and Woodstock. These spots are popular and in high demand, making them ideal for property investment (which is exactly why we’ve chosen a few of these prime spots for our properties!).

Know your trends

Staying updated on market trends is another must. You’ll want to know the average rental rates, vacancy rates, and what tenants are looking for in your area. Keeping an eye on real estate reports and chatting with local agents can give you a good sense of what’s hot. For instance, right now there’s a growing demand in Cape Town for flexible living and working spaces. Properties that cater to these needs can often charge higher rents.

Give it a glow up

Upgrading your property can also give it a significant boost. Think about renovating kitchens and bathrooms, as these are the spaces tenants care about the most. Adding energy-efficient appliances is a win-win, saving on utility costs and attracting eco-conscious renters. And don’t underestimate the power of curb appeal; a nice-looking exterior can make a great first impression.

Stay flexible

Flexibility is a big draw for many renters. Offering short-term leases or furnished units can attract business travellers, digital nomads, and expats. Co-living spaces, which mix private and shared living areas, are also becoming really popular. 

All about the amenities

Adding extra amenities can make your property even more attractive and allow you to charge higher rents. Look for properties in buildings that have amenities such as parking, swimming pools, gyms, braai areas and communal spaces. High-speed internet is a must for remote workers and digital nomads. Access to fitness centres promotes a healthy lifestyle, and shared communal spaces are fantastic for building a sense of community, especially in co-living setups. 

Leave it to a pro

Finally, it might be worth considering professional property management. Good property management can make a huge difference in your rental income. A professional manager can handle everything from marketing and tenant screening to maintenance and rent collection, keeping your property in top shape and your tenants happy.

TL;DR: investing in Cape Town property can be incredibly rewarding, especially with the right strategies. By choosing prime locations, staying on top of market trends, making smart upgrades, offering flexible lease options, providing great amenities, and using professional property management, you can maximise your rental income and property value.

We don’t mean to toot our own horn, but at Neighbourgood, we’re pretty good at creating co-living and co-working solutions. If managing your own property sounds like too much of a hassle, you can always invest in one of ours!

Neighbourgood is a leader in co-living and co-working solutions, offering properties that meet the needs of remote workers and digital nomads from all over the world. With a focus on community, flexibility, and high living standards, Neighbourgood ensures that our properties not only meet but exceed market demands. Partner with Neighbourgood to take advantage of Cape Town’s booming real estate market and enjoy high returns on your property investment.