Parklands homes in high demand with family buyers

“It comes as no surprise that this is one of the most sought-after areas for family buyers,” says Leslie, “as these recreational areas were created in order to promote quality of life, with minimal main roads which allows children and families to be able to play safely in this young suburb.”

Leslie notes that while there is a strong, ongoing demand for family homes in all of the areas which her office services, Parklands properties are extremely popular among first time buyers, young families and investors. She points to property information from Lightstone, a property statistics and data provider, which indicates that close on 42% of the recent buyers in Parklands were aged between 18 and 35 years old.

According to Leslie, it is the easy access to the major highways as well as the host of amenities such as upmarket shopping centres, schools, medical practices and entertainment nodes that attracts buyers to Parklands. New schools are being built in the area and, added to this, she says that the new BRT bus system that operates in the suburb means an easy commute for those who work in the Cape Town city centre.

“Provided that homes are well maintained and the market trends are positive, Parklands buyers should enjoy good equity growth,” says Leslie. “However, property is a long term investment, so buyers should plan on spending at least five or six years in the property before selling in order to achieve a reasonable return.”

Adrian Goslett, CEO of RE/MAX of Southern Africa, says that many home buying decisions are based on personal preference and individual lifestyle choices. But, he notes that since a property purchase is a long term investment, when purchasing a family home  buyers should also determine as best they can what their future living requirements will be and plan for the future when drawing up their home buying ‘shopping list’. He says that since lifestyles change as the family matures; buyers need to make sure that they buy a home that they can live in for a number of years.

While Parklands offers a variety of property options suitable for different family requirements, from full title, free standing homes to sectional title units in secure complexes, Leslie says that for the most part, typical family homes in Parklands boast the latest in modern finishes and are designed with a good spatial flow and to maximise natural light. “Most average-priced properties in Parklands have ample accommodation with three bedrooms, two bathrooms (main en-suite) and a double garage,” she says. “Prices for family homes range from smaller starter homes with standard finishes which are available for around R750 000 up to larger, luxury homes with high-end finishes which are priced at around R2,5-million.”

RE/MAX Property Associates is currently marketing an 288 square meters double-storey Tuscan-style home set on a 377 square meters stand in Parklands for R1 595 000. The home has four luxury bedrooms including a huge main bedroom with a balcony that overlooks the pool area. There are also two full modern bathrooms both with corner baths as well as a kitchen with granite counters, two lounges, and a large sunroom with stacking doors that open out onto the heated pool with water feature and the manicured garden.

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