select
|

The hidden delights of really great neighbourhoods

Most homebuyers know that it’s just as important to choose a good location as it is to find the right property – but too many don’t look beyond the safety and security of the area they are considering.



“However,” says Richard Gray, CEO of Harcourts Real Estate, “if you want to ensure that the value of your property will grow and that you will get to live in a really great area while it does, there are quite a few more factors to take into account before deciding where to buy.

“Apart from the availability of public transport and ease of access to main commuting routes, convenient shopping facilities and proximity to quality schools, for example, it is also important to think about more ‘hidden’ positives or negatives, such as property taxes or insurance rates.”

Property rates can vary substantially from one municipality to another or in different provinces, he explains, and your short-term insurance company might charge you more or less depending on the profile of your new area.



“Another such factor, and one that is becoming increasingly important as more and more people work wherever they are rather than in a traditional office, is connectivity. Will you be able to have high-speed Internet access in your new home? And how good are the cell phone and digital TV reception in this area?”

In addition, says Gray, you shouldn’t forget about your leisure time. “You need to think about what recreation and sports amenities the area has, as well as things like how much traffic you may encounter when driving children to after-school activities, or how far you will have to travel to reach your favourite beach, forest or hiking trail.

“Then with regard to lifestyle, you also need to keep an eye out for busy roads, bright lights, lively pubs and restaurants, and lots of late-night activities. This will really suit you if you like to be in the thick of things, but may not be so great if you have a regular day job and are a light sleeper.”



And finally, he says, if you are thinking of moving into an estate or a gated area, you really must find out all about the Home Owners’ Association or the local Ratepayers’ Association/ Community Forum before you do.

You need to establish its financial standing, its management track record and what its monthly levies or membership charges are, and find out if there are any estate rules that may not suit you.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 23 Nov 2017
      Reserve Bank Governor, Lesetja Kganyago, said that the Monetary Policy Committee had once again decided to let the interest rates remain unchanged with the repo rate at 6.75%, and the prime lending rate at 10.25%.
    • 23 Nov 2017
      As the holiday season approaches, most of us are counting the days until that year-end bonus hits our account. There’s nothing quite like a little bank balance booster to get us in the holiday spirit.
    • 23 Nov 2017
      The Adelphi Centre (now entitled “ARTEM") in Sea Point, Cape Town, is being extensively renovated, and once complete will offer an ultra-luxurious galleria style shopping centre unlike any other seen on the Atlantic Seaboard or in Cape Town.
    • 23 Nov 2017
      If you are looking to sell your home in today’s real estate market, there are certain things that you need to include both inside and outside your house. Today’s generation of home buyers is looking toward a more eco-friendly, energy and water conscious home, and if your house stands out then you are more likely to be able to sell it.
    • 22 Nov 2017
      Most people know of the Community Schemes Ombud Service (CSOS) and that levies must to paid to fund its operations. In this article the experts at Paddocks will address some of the issues that are causing confusion.
    • 22 Nov 2017
      While sales have noticeably slowed in most sectors in most Cape town suburbs, the security estate sector in Constantiaberg has bucked the trend by remaining buoyant, with sales by August this year already surpassing total sales in 2016.
    • 22 Nov 2017
      The end of the year is fast approaching, and so are all the travellers, tourists and holidaymakers. For those who live near or own a property in a holiday-hotspot, the festive season also brings with it an abundance of short-term rental opportunities. Its a great way for property owners to make a few extra rand for their own holidays or to put towards their savings.
    • 21 Nov 2017
      The buying process is over, and the moving truck has delivered your household goods to your new property. Now it’s time to unpack and turn your new house into a home.
        
    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