5 reasons why South Africans are choosing estate homes

There is a growing trend of South Africans making the shift towards living in secure, gated communities.

Chapman’s Bay Estate in Noordhoek offers homes from R5 662 500 to R7.645 million 

“We look at the some of the benefits of secure estate living, and why it could very well be the smartest move you make,” says Mike Greeff CEO of Greeff Christie’s International Real Estate. “Security estate living has become increasingly popular as it offers not only convenience, but also luxury living at an attractive price. We are seeing more and more buyers looking toward exploring this avenue.”

And this is why…

1. A sense of community

Greeff says there is an increasing move towards wanting to belong to a community. “With the hectic rat race of work always encroaching on family life, it makes many potential buyers yearn for the days of knowing all your neighbours by name, along with the convenience of lock-up and go.”

Adding to the sense of community is the inevitable creation of online communities via Facebook and Whatsapp where like-minded individuals share issues that concern the collective.

Applegarth Estate in Hout Bay offers homes from R5.725 million to R9.575 million

2. A solid investment

For the discerning investor, the idea of an investment property within a security estate should be seen as a relatively sound investment. There is a general consensus in the real estate industry that prospective buyers looking to own a house within a walled community can expect to pay up 30% more for a home as opposed to its freestanding counterpart, and that they usually make for better rental income generators.

3. Hassle-free living

Another plus would be hassle-free property ownership due to the existence of the estate’s body corporate. The body corporate usually handles maintenance with regards to roads, gardens and overall area landscaping. They also provide a style guide that keeps your property in tune with the look and feel of the estate.

Maintenance inside your property boundaries can also be taken care of with minimal fuss as bodies corporate usually have a list of preferred suppliers that work comprehensively with the style guides, as well as level of workmanship that is expected.

The Velden in Wynberg Upper offers homes for R7.195 million

4. Access to amenities

In the age of convenience, Greeff says security estates are increasingly going out of their way to provide as many amenities as possible to residents. Security estates can offer tennis courts, communal swimming pools, park areas, laundromats and even walking trails.

All of this is regularly maintained by the body corporate, so you never have to worry about the pool being green or the park turning into a health hazard for the kids. More South Africans are happy to pay for the increased convenience and safety that security estates have to offer.

5. Increased security

Security estates like Chapman’s Bay Estate in Noordhoek, marketed by Greeff Christie’s International Real Estate, come standard with security features such as 24-hour estate security, including boundary fences, guards and manned booms.

Gated communities have the benefit of access control, security patrols and properly maintained walls and fences. There is also the added security of knowing that no one will enter the estate without the knowledge of a security guard at a manned entrance. As a courtesy and part of protocol, you as the homeowner will be informed and asked to clear the guest before he or she proceeds.

It is worth noting that there is a marked reduction in the rate of crime in security complexes, which could mean that security estates are the safest haven to invest in, says Greeff.

 

Source: www.property24.com/articles/5-reasons-why-south-africans-are-choosing-estate-homes/27491?utm_source=newsletter&utm_medium=email&utm_campaign=weekly_newsletter