Real Estate in Stellenbosch, South Africa
Last updated on Oct 09, 2024
Summary: People living in Stellenbosch, South Africa offer advice about real estate. How do you find a home in Stellenbosch? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Stellenbosch?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Stellenbosch, involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a shared apartment to a single-family home. Next, you should research the different neighborhoods in Stellenbosch to find one that suits your lifestyle and preferences. Some popular areas include the city center, Die Boord, and Welgevonden. Once you have a clear idea of what you're looking for, you can start your search. There are several online platforms where you can find listings for rental properties in Stellenbosch. These include Property24, Gumtree, and Private Property. You can also consider hiring a real estate agent to help you in your search. They can provide you with listings that match your criteria, arrange viewings, and assist with the rental agreement. When you find a property you're interested in, make sure to visit it in person before making any commitments. This will give you a chance to inspect the property and the surrounding area. Finally, once you've found a place you like, you'll need to sign a lease agreement. Make sure to read it carefully and understand all the terms before signing. You'll also likely need to pay a deposit, which is typically equivalent to one or two months' rent. Remember, finding a place to live can take time, so it's important to start your search well in advance of when you plan to move," said one expat who made the move to Stellenbosch.
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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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What is a typical expat home or apartment like in Stellenbosch?
"A typical expat home or apartment in Stellenbosch, is often located in a secure complex or gated community, offering a high level of security and peace of mind. These homes are usually modern and spacious, with open-plan living areas, fully equipped kitchens, and multiple bedrooms and bathrooms. Many have private gardens or balconies with beautiful views of the surrounding mountains and vineyards. The interiors are often tastefully decorated, featuring a blend of contemporary and traditional African design elements. Amenities such as air conditioning, high-speed internet, and satellite TV are common, and some homes may also have a swimming pool or access to communal facilities like a gym or tennis court. The location is usually convenient, with easy access to shops, restaurants, schools, and other amenities. Many expats choose to live in areas that are within walking distance or a short drive from the university, as this is where a lot of the town's cultural and social activities take place. Despite being in a relatively small town, expat homes in Stellenbosch offer a high standard of living, combining comfort, style, and convenience with the unique charm and beauty of the South African landscape," remarked one member in Stellenbosch.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
What is the average cost of housing in Stellenbosch?
If you are thinking about moving to Stellenbosch, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Stellenbosch can vary greatly depending on the type and location of the property. For instance, a small apartment in the city center may cost around R1.5 million to R2 million, while a larger family home in a suburban area could range from R3 million to R5 million. Luxury properties in sought-after areas can go for much higher prices, often exceeding R10 million. However, these are just averages and actual prices can be lower or higher depending on various factors," explained one person living in Stellenbosch, South Africa.
Should I buy or rent a home in Stellenbosch?
If you have not spent a lot of time in Stellenbosch, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Stellenbosch, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Stellenbosch for a long period, buying a home could be a good investment. Owning a home allows you to build equity over time and could provide financial security in the future. However, buying a home also comes with significant upfront costs, including a down payment, closing costs, and home maintenance expenses. It also requires a long-term commitment, as selling a home can take time and money. On the other hand, renting a home in Stellenbosch offers more flexibility. It's a good option if you're not sure about your long-term plans or if you prefer not to deal with the costs and responsibilities of homeownership. Renting can also be more affordable in the short term, as it doesn't require a large upfront investment. However, renting doesn't build equity and rental rates can increase over time. You also have less control over your living situation, as you're subject to the rules and decisions of your landlord. In conclusion, both buying and renting a home in Stellenbosch have their pros and cons. It's important to carefully consider your financial situation, lifestyle, and future plans before making a decision. Consulting with a real estate professional or financial advisor could also be beneficial," said one expat in Stellenbosch.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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