select
|

Schools influence where people purchase property

When it comes to purchasing a home, few aspects have as much influence on a property’s potential for appreciation as its location. “Property experts will agree that the adage of location, location, location is as much alive today as ever before and for good reason,” says Adrian Goslett, CEO or RE/MAX of Southern Africa. The burning question however is what factors influence whether a location is good or bad?

According to Goslett, features that influence the appeal of an area or location would include proximity to certain amenities, business hubs, shopping and medical facilities. One influence that is carrying more and more weight in the property buying decision is the number and quality of schools in and around an area. “A growing number of buyers are choosing their homes based on the schools in the area - even if they don’t have children at the time of purchasing the property. While the property’s appreciation potential is considered to some degree, many buyers are more concerned about how the area they live in could affect their children or future children’s education,” says Goslett. “Property should be seen as a long term investment, so it is important to consider one’s future plans and family developments when choosing a property. More and more buyers are taking this view and it can be seen in home buying patterns.”
 
Goslett says that the reason why people are looking for homes around good schools, particularly if they are looking at government schools, is the fact that these schools have specific feeder areas. He notes that the Department of Education requires that government schools prioritise enrolments by the parent’s residential address. This does include parents who reside at their place of employment, as in the case of a domestic worker.  A lower priority is given to children whose parents work within the feeder zone, however these children have a greater chance of being accepted than those applicants who are completely outside of the feeder areas. Children outside of the zones will be assessed on a first come, first serve basis, subject to availability. If all of the spaces have been filled, the remaining applicants will be placed on a waiting list. The provincial education department has an obligation to find all children on the waiting list a placement, although it will not necessarily be at the parent’s first choice of school.
 
“Basically what this means is that children living within the feeder zone are first-choice candidates who will be given preference when enrolling at the school. Although consideration is given to children who live outside of the feeder zone, there is always the chance that they won’t be able to get into the school due to limited space and children within the feeder zone filling the space first. There are instances where the parent’s work address could be considered, however this is highly dependent on the availability. As a result, school zoning regulations influence buying decisions and the location in which buyers choose to purchase property,” says Goslett.
 
He notes that those buyers who are determined to have their children attend a certain school will be able to research which areas are included in that school’s feeder area when choosing a property. Buyers can contact their provincial Department of Education or visit their website to obtain the zoning information they require. The Department of Education has a nationwide database of all government schools that will be of assistance to family buyers. The database contains information such as the school address and contact details.
 
“If buyers are intending to send their children to a private school, zoning is less of a consideration as privately owned educational institutions base their admission on other criteria. However, in these cases proximity to the school could still be a factor because of the daily commute to and from the school,” says Goslett, who notes that information on private and independent schools can be obtained from the Independent Schools Association of Southern Africa.
 
“Buying a home is not a decision that should be taken lightly and buyers need to consider how all aspects of their choice will impact on their lives as well as their children’s lives. It’s best to gain as much information as possible so that a well-informed decision that is aligned with the family’s future goals is made,” Goslett concludes.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 21 Nov 2017
      When an offer to purchase a property is signed by both buyer and seller, this constitutes a binding agreement or “Deed of Sale” between the two parties. However, in most cases the “standard contract” might not be enough to cover all the specifics pertaining to the sale. The agreement may require some additions or alterations to clauses, which needs an expert hand in the drafting of such
    • 21 Nov 2017
      As more and more South Africans look to invest in property abroad, Spain is offering them one of the best deals in global real estate.
    • 20 Nov 2017
      Since 2012, sectional title complexes have been leading the South African property market, not only in terms of price growth, but sales volumes as well. Remaining relatively strong, even in the face of 2017’s political and economic turmoil, experts say this market segment could offer valuable insight into South Africans’ property purchase priorities.
    • 20 Nov 2017
      Regardless of whether you are purchasing your first start-up home, downsizing or moving in with roommates, finding ways to maximise small spaces can be a big advantage, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 20 Nov 2017
      Property valued at approximately R1 billion is on High Street Auctions’ sales floor during the month of November, including the much-anticipated sale of the Tshwane Mayoral Residence and the land occupied by one of South Africa’s oldest operating gold mines.
    • 17 Nov 2017
      FWJK has announced the launch of its latest residential brand, the Lil’ Apple, which will be launched simultaneously in two developments in Cape Town and Umhlanga totaling 600 apartments. The Lil’ Apple is set to be a brand of FWJK’s New York style apartments which will be rolled out nationally.
    • 17 Nov 2017
      It’s been a tumultuous year on many fronts, with socio-political uncertainty setting the tone for much of South Africa’s economic activity yet despite this and seemingly counter-intuitively, the residential property market has held up well.
    • 17 Nov 2017
      The EAAB (the Estate Agency Affairs Board) recently claimed that around 50,000 illegal estate agents could currently be operating illegally.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK