Chili Real Estate shares insight on property market

In a recent interview with My.Na Properties, Chili Real Estate's Dirk Louw offered valuable insight into his journey in the industry and provided practical advice for both buyers and sellers. Louw, who has been actively involved in real estate since 2015, emphasised the significance of planning, diversification and the right timing for property investments.On his introduction to the real estate world, Louw said: "Real estate started as a side hustle for me when I started in 2015, which it still is. It was a planned business venture as I do have other businesses that I run". One of the crucial aspects he highlighted was the process of helping clients determine their property needs. "They must first give me a budget and speak to their banking institution, which will provide them with a loan to see how high their budget is." "From that point on, they give me an indication of which area they are looking to buy property, and what kind of property they would like: Business property or residential property." Louw further stressed the importance of location in property scouting, particularly for businesses."If your business is focused on sales, then you would want to be more centrally located. However, if it is more service-based, then a spot in the industrial area will do." Interesting parallelDiscussing methods to make properties more appealing to potential buyers, Louw drew an interesting parallel: "It is very similar to selling a new vehicle, since you would like it to be clean". He advised sellers to focus on cleanliness and the condition of their properties, saying: "Naturally, any buyer would want to stay in a clean place; therefore, you would then make sure that the house is clean, what needs to be renovated is renovated and your garden is neat and tended to". In terms of property investment advice, Louw had a clear message: "Buy something small that you can afford, even if you are not living in it. Buy it and rent it out until it pays off for itself". "After paying that off, you can buy another one and make more money off it until you are able to build your dream home," he added.Regarding the timing of property investments, the seasoned real estate agent dispelled the notion of a universally 'good' or 'bad' time to buy property. He urged buyers to act when they are financially prepared, adding: "Whenever you feel ready and you as an individual buyer have everything in place, then it is the right time to buy property".His advice to avoid waiting for the 'perfect' market conditions resonates with those considering real estate investments.To reach out to Louw, visit chili.com.na or call 081 252 3126.

Chili Real Estate shares insight on property market

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Republikein 2025-04-21

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Chili Real Estate shares insight on property market

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