The image created around residential estates is typically very appealing - scenes of lush greenery, wide-open spaces, happy families, and children on bicycles (and a labrador for good measure) come to mind.
"While this may not be the picture of a typical South African neighbourhood, this is typically the picture residential estate developers and their marketers try to present to potential buyers," says Roxy Engelbrecht, Leapfrog Franchisee at Leapfrog Boksburg & Germiston.
In fact, she and her agents are often asked about the pros and cons of purchasing property in a residential estate. "There is no one-size-fits-all answer because it depends on personal preference and factors such as lifestyle needs, location, and financial means, of course," she says.
One of the key features - and certainly a major drawcard - of residential estate is the opportunities they offer for spending more time outdoors with large open spaces and parks designed into the overall layout.
"Residential estates offer safe and beautiful spaces to enjoy the outdoors - without having to manage the maintenance and upkeep yourself," Engelbrecht says.
The more upmarket estates are typically designed to encourage interaction - think play time with the kids, picnics with the neighbours, after-work strolls with your loved one, things that have been known to work well to create a sense of community.
The added layers of security, such as access-controlled entry, perimeter fencing and dedicated security guards, offered by many residential estates across the country are a major drawcard for property buyers.
"It's a basic human need to feel safe and secure, and many estates place key emphasis on offering just that," Engelbrecht says. She adds that anecdotally they know that buyers are often willing to pay a premium for the additional security features some residential estates boast.
The investment potential and value of a property should always be a consideration in a purchasing decision. "You want to ensure that any property you own is one that will appreciate in value over time. Properties in residential estates historically grow in value at a satisfactory year-on-year rate," Engelbrecht shares.
She adds that if you are thinking of buying in a residential estate it pays to consult a trusted property advisor for a professional, market-relevant opinion on the growth potential of the property.
While the benefits and advantages are plentiful, there are also considerations around residential estates that some buyers may find less appealing. Engelbrecht highlights a few of the things that may be problematic and should be considered more laterally.
The appeal and suitability of a residential estate, as with most matters related to property, is a one of personal preference and financial ability. "A trusted property advisor can help guide you in making the best decision to best meet your needs," Engelbrecht concludes.
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