What determines whether a location is good or bad?

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
Characters remaining

    Latest Property News
    • 22 Mar 2018
      The 1% VAT increase which is set to take effect as of 1 April 2018 has set the country alight with many burning questions, most of which cannot be comprehensively answered by our knowledgeable friend Google.
    • 22 Mar 2018
      The picturesque and oft-misty town of Dullstroom in Mpumalanga belies its name. Judging by the rapidly increasing influx of weekend visitors, many of whom then look to acquire property here, it’s anything but dull, quips Anton Greeff, Pam Golding Properties area principal.
    • 20 Mar 2018
      Located close to the fast growing Fourways precinct, Dainfern continues to attract local and international interest from buyers seeking a secure lifestyle with affordable entry price of approximately R3 million.
    • 20 Mar 2018
      Property owners in the Durban CBD are addressing the affordability challenge that faces many prospective tenants in their area – and reconfiguring the inner city rental market in the process.
    • 20 Mar 2018
      One of the most misunderstood concepts in the process of selling a property is an exclusive or sole mandate.
    • 19 Mar 2018
      If a landlord opts to use a managing agent for the rental of his or her property, the inspection process can be easier as the agent is not emotionally involved and will certainly have concluded an in-depth inspection report in the interests of all parties.
    • 19 Mar 2018
      We all wish we could have the cheat sheet for selling a property – a simple Ctrl+Shift+C code that will magically secure an offer on your home in an instant. Though it is not possible to provide you with this cheat code (sadly, reality does not come with such perks), it is possible to provide you with a list of the most common blunders some of your neighbours have committed in their efforts to sell their homes
    • 19 Mar 2018
      Although property technology is now widely accepted as an established trend, especially in the international real estate arena, the industry has been cautious to advance and smaller markets like South Africa are still hesitantly dipping their toes in the water.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us