Nelspruit experiences a boom in building packages

Demand for vacant land and plot and plan building packages is extremely high in Nelspruit says Maurice Lodewick, Broker/Owner of RE/MAX Lifestyle Estates, whose office services the Nelspruit region.

He notes that their office is currently selling in excess of five building packages per month, particularly in security estates where buyers have the option to purchase vacant stands, and, together with an architect, custom design the features of the property that they require.

“This option has become very popular among buyers in the area for a number of reasons: Firstly because buyers are able to be a part of the design process of their home and have creative input into what features are included into the home and secondly because they are attracted by the security offering that living within an estate provides,” says Lodewick.

Adrian Goslett, CEO of RE/MAX of Southern Africa, says that for a large majority of home buyers in South Africa, security and lifestyle offerings have become the most crucial influencing factors when deciding which home to purchase and in which area. “It is for these reasons that estate living has grown in popularity over the years and generally provides a healthy return on investment over the long term,” he says.

According to Lodewick, two estates in Nelspruit are particularly sought-after for their lifestyle offering, namely Mountain View Estate and Milkwood Estate. “Both of these estates offer the security that many buyers are looking for, along with other lifestyle elements such as bushveld surroundings, free roaming wildlife, great bird life and the tranquility one would expect of this type of environment,” says Lodewick.

He says that Mountain View Estate is centrally situated between White River and Nelspruit and is within proximity to excellent amenities such as a well-known private school. He notes that a private hospital and university will be opening soon within meters of the estate’s entrance. Buyers can expect to pay approximately R345 000 for a vacant stand within the estate.

Milkwood Estate borders upmarket estates within Nelspruit and boasts great views of the natural bushveld that surround it. Lodewick says that homeowners will be able to watch small wildlife from the cover of their patio. Vacant stands within this estate are on the market from R456 000.

According to Lodewick, homeowners within the estates can expect an estimated growth potential of around 8% to 15% per annum depending on the building cost escalations. “With strong demand for security estate living and growing consumer confidence within the property sector, buyers can expect to see a steady appreciation in the value of their property,” he says.

One of the properties that is currently being built and was recently sold by RE/MAX Lifestyle Estates is four-bedroom, three-bathroom home, situated in Mountain View Estate. The home  which consists of a open-plan kitchen, a lounge and dining room, TV room and double garage achieved a price of R2 850 000.  The design of the home incorporates large expanses of glass so that the owner can enjoy the spectacular views over Nelspruit.

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