Family buyers flock to Fourways

Ideal placement makes the Fourways area a hot property investment node for 2013. This is according to Dieter Harck, Broker/Owner of RE/MAX One Hundred, which operates in Fourways and surrounding areas. He notes that proximity to major transport routes and entertainment centres such as Monte Casino have assisted in making the Fourways area highly sought-after among property buyers looking for good returns on their investments.

According to Harck, another aspect that makes the area popular among so many buyers is the fact that there are a number of excellent schools in the region. “We have seen a lot of family buyers who are particularly interested in purchasing property in Fourways because they want to be zoned for the schools here. Public schools normally have a specific feeder zone that is determined by a child’s home address, this will give them preference over other children living outside of that zone. For this reason, proximity to good schools has become an important consideration for many buyers who have children, or are planning to have in the future,” says Harck.

Adrian Goslett, CEO of RE/MAX of Southern Africa, says that aside from the convenience of being close to amenities such as shopping centres and medical facilities, good schools play a major role in how buyers choose where to live. “This is because, while location will impact your return on investment and lifestyle, more importantly - it can also have an influence on your children’s education,” he says.

Harck says that because of large number of family buyers that are attracted to the area, freestanding property will continue to do particularly well during 2013. He notes that freestanding properties in Fourways that are priced between the R1.45 million and R2 million have already performed really well this year.  “We find that most of the buyers in the area are looking for homes with security features and gardens. We have also seen demand for homes that are older and require some refurbishment. Homes in need of renovation can normally be bought at prices below market values, which is why many buyers opt for these kinds of properties,” he says.

As one of the fastest-developing commercial hubs in the far north of Sandton, Fourways has also gained attention from investors wanting to take advantage of business rezoning. “Some investment buyers have requested properties on roads that are heading toward business rezoning from residential, as they believe that once the property has business rights it will be more valuable. Due to the fact the Fourways is so close to the Sandton business hub, it is an excellent area for businesses to relocate.”

RE/MAX One Hundred currently has a serene four-bedroom property that is ideal for a family buyer or property investor. The R 2.45 million home, which is situated on a large 2546m2 stand, boasts four spacious and light reception areas leading to a covered patio overlooking a beautiful garden and sparkling swimming pool. The home also features two recently renovated full bathrooms and a guest lavatory, a triple garage and a double carport and a one-bedroom flatlet with a bathroom and kitchenette.

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