How South African security estates increase property value
South African security estates are pros at ensuring the properties within them continue to increase in value, find out how.
Those considering moving into a security estate might find it frustrating that certain aspects and features of their future property will be controlled for seemingly pointless uniformity. While this can seem like a negative, there is in fact reason to the Home Owner’s Association’s (HOA) madness. Security estates are able to retain excellent price growth, and uniformity is the main reason why.
Colour
Property owners in an estate will receive a strict colour palette from which they can choose a shade to paint their home. While this restricts owners as to what colour to choose from, not everyone has the same taste, and an estate can start to look very inconsistent and even messy if every home is a different colour. For aesthetic reasons, colours that compliment each are specifically chosen which “boosts property values and desirability as a rental location”, according to Schalk van der Merwe, franchisee of the Rawson Properties Helderberg Group.
Exterior features
The HOA puts certain regulations in place about a number of external features that owners would like to implement, including:
- The type, colour and size of roof tiles, burglar bars, water tanks, and carport materials
- The style and type of windows and doors
- The placement of satellite dishes, tool sheds, letter boxes and home numbers
- The encouragement of water-wise plants that are tended to regularly and kept neat and tidy
Also known as curb appeal, the pristine and appealing state of the exterior of estate homes provides for an attractive investment opportunity worthy of yearly increases in property value. By regulating a variety of exterior features that required to be of a certain quality, estates are able to maintain a level of attractiveness throughout the estate.
Property is one investment that is sure to provide returns, and estates have found a winning formula to increase the value of the homes within them. If you’re considering ways in which you can add value to your home, read Private Property’s article, Increasing your property value, to gain some more insights.
