For many South Africans, the question of whether to rent or buy remains as relevant as ever, with each option offering distinct advantages depending on personal circumstances. Property experts agree that the right choice depends on one’s life stage, financial stability, and long-term goals.

Paul Stevens, CEO of Just Property, says homeownership offers pride, long-term equity growth, and the ability to leverage property for future investments. He advises first-time buyers to start with a modest home in a desirable area, as these properties tend to appreciate in value and create a foundation for larger investments.

Renting, however, has its own benefits. It allows tenants to avoid large upfront costs such as deposits, transfer duties, municipal rates, and ongoing maintenance. Renting can also suit those with irregular income or plans to relocate within a few years. Stevens suggests renters treat saving for a future deposit with the same discipline as paying rent, turning the rental period into preparation for ownership.

The type of property also matters. Sectional-title units offer shared security and lower maintenance but come with stricter rules, while freehold homes provide more independence along with greater responsibility.

Ultimately, careful research and professional advice are essential for anyone weighing South Africa’s rent-versus-buy decision.