The benefits of downsizing

Downsizing from a large, freestanding property to a smaller, more manageable and secure home can provide several lifestyle benefits, says Glenn Norton, Broker/Owner of RE/MAX Masters, whose office services Johannesburg’s Northern suburbs. He notes that aside from the fact that a smaller home will be far easier to maintain, it also provides the owner with far more freedom to be able to lock-up-and-go any time of the year without worrying about maintenance or the upkeep of the property while they are away.

3 Bedroom Townhouse for sale in Bryanston, Sandton

“A home with a large garden and swimming pool is ideal for homeowners with a growing family, however these elements cost money and take up a lot of time to maintain. If a homeowner’s circumstances have changed and they no longer need the extra space, then downsizing is the perfect option to give them more time to pursue other interests. An additional benefit is that it will also significantly reduce the monthly costs of rates and taxes, utility bills, insurance and security as well as maintenance and repair costs,” says Norton.

According to Donna Sipman, Property Consultant at RE/MAX Masters who specialises in the Bryanston area, many homeowners in the area are looking to move to smaller more manageable properties, but want to continue to live within the greater Bryanston area. “The area is vibrant and dynamic and highly sought-after among buyers. Homeowners, who sell their homes in the area, often do so to purchase another property within the region. It is an affluent suburb with all the modern conveniences one would want, which is why residents prefer to stay within the area,” she says.

Sipman adds that while property in Bryanston used to only consist of large plots and smallholdings, today the dynamic of the area has changed to cater to the demand for smaller homes. Many of the larger acre plots have been subdivided into smaller stands where well-priced clusters offering a modern, luxurious lifestyle are being built.

According to Sipman, a highly sought-area among homeowners looking to downsize is the suburb of Mill Hill, which is located in the greater Bryanston area. “Mill Hill offers the convenience for locals, especially those currently living in Bryanston, who know the area well and appreciate the abundance of amenities, fabulous restaurants and upmarket shopping centres and feel that they would rather not leave the suburb,” she says. “Mill Hill is a very pleasant community to live in. The central entry-point is guarded by 24-hour security and the close-knit community work together to ensure that the residents’ interests are looked after, for instance the common areas are well-maintained and any security issues are addressed quickly.”

Sipman says that the leafy suburb provides a safe environment for residents to walk their dogs and there is a park with a playground to keep the kids happy. “The area provides a mixture of cluster, sectional title complexes and full title homes, each offering great security, and as they are set on smaller stands, allowing for easy maintenance. The area is located in picturesque, established gardens, with tree groves filled with birds bringing in the sense of peace and tranquility. It is clear to see why Mill Hill is so sought after,” says Sipman, “Mill Hill is definitely the place to consider for homeowners who are considering downsizing.”

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 25 May 2018
      Reliable public transport systems moving a mass of commuters to and from work, keep a city’s economy moving. Not only do they have a positive impact on economic growth, successful rail links also influence property values.
    • 25 May 2018
      The live, play and visit environment that Centurion Residential Estate & Country Club offers continues to attract buyers looking for a very specific lifestyle and ambiance.
    • 25 May 2018
      As expected, the Monetary Policy Committee kept the repo rate stable, with analysts and market commentators ahead of yesterday's announcement (24 May 2018) pointing to a more hawkish stance amid a weaker rand, somewhat less stable global environment, and an eye on the inflation outlook – coupled with the increase in VAT and sizeable hike in the price of fue
    • 24 May 2018
      Most real estate professionals agree that 2017 was one the toughest years to date; an eminently challenging 12 months that subdued even the strongest markets - including the country’s economic powerhouse of Sandton.
    • 24 May 2018
      These are uncertain and challenging times for the real estate industry, but the non-profit organisation Rebosa is fighting for their interests and finding pragmatic solutions to industry issues such as the urgent need to fast-track transformation says Richard Gray, Rebosa chairman.
    • 24 May 2018
      The decision to invest in property isn’t one that’s taken lightly, or dealt with flippantly. The same should ring true when deciding on an estate agent partner to handle the letting out of your property.
    • 23 May 2018
      Homeowners who are thinking of selling and “trading up” to a bigger or a better home had better be quick now if they want to get the best deal.
    • 23 May 2018
      The new Loftus Park development in Arcadia is really going to boost the demand for homes and rental accommodation close by and the neighbouring suburb of Sunnyside, says Gerhard Kotzé, MD of estate agency group RealNet Holdings.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us