Community costs: how the area you buy in affects your home’s price

When choosing where to put down roots and call home, it is essential to consider several key factors. One of the most crucial of all is the location. It’s a real estate classic piece of wisdom, but with good measure. Where you buy is almost as important as what you buy. REALGLEN Properties delves into what makes a neighbourhood a good choice and how you can prepare for success when investing in your future home. 

Understand how location affects property prices 

While the property market depends on a country’s economic factors, this also holds true for individual neighbourhoods. Even neighbouring suburbs can have a vast difference in listing prices depending on the variety of amenities available, safety concerns and proximity to main highways. Homeowners value their daily routines and the accessibility that certain neighbourhoods provide. 

For some, this can mean a close-knit community that is family-oriented with good schools nearby, parks and daycare centres, shopping malls and more. For others, this could look like a residential area close to corporate hubs and employment opportunities, with a healthy lifestyle, such as the beach, fitness centres and opportunities to play sport. Whatever your needs, REALGLEN Properties has a suburb for you in Gauteng. Choose from neighbourhoods like Kempton Park, Edenvale, Pretoria, Sandton and more. These areas show great promise for development and can experience rising property prices due to increased infrastructure. 

Demand for quality housing 

South Africans love living in estates. This is a well-known fact. With numerous benefits, including safety and body corporate regulations, new homeowners often don’t consider freestanding homes as an option when looking for properties. However, in the right suburb, a freestanding home can be a welcome opportunity for the modern homeowner to experience the benefits of buying a property. Areas with continued improvements see property prices steadily appreciating as the demand for well-maintained homes and enhanced convenience in residential areas grows. Nowadays, the average buyer in the housing market is well aware of their financial constraints and willing to explore multiple options that fit into their budget, without compromising on quality or safety. This is where estate living comes into play. 

Areas that invest in building property solutions in the form of apartment blocks, townhouse buildings or gated communities often have a higher number of interested buyers due to the committed upgrades to housing and safety. Buyers will prioritise connectivity, commute time and lifestyle amenities in these areas. The result? Populations that are thriving in renewed property markets and gaining a new level of accessibility. 

Vibrant environments will always be popular

Residents want to feel like their community and area are the best ones to live in. As such, well-established neighbourhoods have significant areas of interest which may be tied to heritage or exclusivity. Cape Town, Johannesburg and Durban are three major cities in South Africa that have perfected the art of mixing quality suburban living with energetic city life. The different neighbourhoods you can find here are priced accordingly and are usually the goal for long-term investments. 

When picking a place to live, look to the future. Development matters, and you want to buy a property that is located in an area primed for growth and vitality in all aspects of life. Whether it is a city known for its fantastic corporate life or a suburb known for its safety and family-friendly ideals, buy a house you can thrive in and watch your investment appreciate over the years. REALGLEN Properties has a host of beautiful properties you can call home. Consult with our professionals today, who will provide you with in-depth knowledge on the best areas to buy in.