select
|

Will a home office add value to your property?

The UK’s Office of National Statistics has shown recently that the number of people working from home has risen to 4,2 million, i.e. roughly 14% of the total workforce.  This represents an increase of just over 11% since 1998.

Significantly, reported the Office of National Statistics, about 63% of those working from home describe themselves as professionals and 15% as managers or senior officials.

Much the same trend, said Tony Clarke, Managing Director of the Rawson Property Group, is now clearly evident in South Africa – and it is having a marked effect on the value of those South African residential properties that do include work from home facilities.

“Twenty years ago,” said Clarke, “the vast majority of those working from home were artisans or artists but the internet has changed all that.  Today it can be perfectly feasible to run, say, an investment business working largely through one’s PC and the telephone.”

Clarke added that he doubts very much if the percentage of those working from home in South Africa is yet as high as in the UK but all the evidence goes to show that the trend is gaining strength and the numbers here are growing.  What is more, he said, work from home facilities are today found not just on the periphery or in major centres but also in many outlying villages.

Stephen Lubbe, the Rawson Property Group’s co-franchisee for the George area reported in early December that there had been a steady increase in the number of people buying in George with the intention of commuting to Cape Town one or two days a week or in some cases one week in two.  Such people do a large proportion of their work from the home.  The same trend, said Charl Ciliiers, the Rawson Property Group’s franchisee for the Hibiscus Coast in KwaZulu Natal is evident in his area and Tertius Joubert, the Rawson Property Group’s franchisee for Wellington, in a recent interview stated that about half of his new buyers plan to work from home part or full time.

What this means, said Clarke, is that any home owner who ensures that part of his home has been adapted for office work will find that he has definitely enhanced its value. 

“Our group recently sold a home in one of the country districts of the Boland where the relatively new office component created in a sound and heat proofed area was without doubt the most attractive room on the property:  full length double glazing leading onto an outdoor deck and air conditioning throughout made it ideal not just for work but also for entertaining.”

The message is therefore clear – if you are looking to add value to your home, upgrade one or two rooms so that they can be used as offices.  Today’s buyer will in all probability be prepared to pay higher for such extras.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 23 Jan 2018
      Many people only start thinking about home-ownership when they are ready to “settle down” or start a family, which is why first-time buyers these days are generally in their mid-30s, compared to those in the previous generation who were usually in their mid-20s.
    • 22 Jan 2018
      Moving away from the city to a country or coastal town and a slower-paced life is a frequent new-year resolution for South Africans, but thorough research should be done before you break free from the hustle and bustle, because making the wrong move could turn out to be a very expensive mistake, and even more stressful for you and your family than staying in the “big smoke”.
    • 22 Jan 2018
      Cape Town is home to many breathtaking and historic homes, but House Invermark designed in 1969 by South African architect Gilbert Colyn, with inspiration from two modernist icons: the Glass House by Phillip Johnson and Farnsworth House by Ludwig Mies van der Rohe is in a class of its own.
    • 22 Jan 2018
      2017 was a challenging year for the South African property market in general, despite small pockets of thriving activity in areas like the Western Cape. As we head into 2018, Tony Clarke, Managing Director of the Rawson Property Group, casts his eye forward to property trends and market influences that could make their impact felt in the New Year.
    • 19 Jan 2018
      Extending from Randfontein in the west to Roodepoort in the east and including the towns of Krugersdorp and Magaliesburg, the West Rand has a plethora of property available to residents who choose to make this unique area their home.
    • 19 Jan 2018
      When it comes to financial planning, doing the work to ensure you’re prepared for unexpected emergencies is just as important as ticking off your other goals and New Year’s resolutions. The beginning of the year is also the perfect time to review your various insurance policies.
    • 19 Jan 2018
      No surprises at the first Monetary Policy Committee of 2018, as Reserve Bank Governor, Lesetja Kganyago, announced that the interest rates would stay at their current levels.
    • 18 Jan 2018
      The Southern Suburbs make up some of the most popular residential areas in Cape Town, comprising charming groups of suburbs which lie to the south-east of the slopes of Table Mountain. It is seen as the city's most expensive residential neighbourhoods with a choice of various private schools, upmarket eateries, wine estates, beautiful homes and trendy apartments.
        
    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