Moving into Spring as a homeowner is always a good time, to not only do a bit of Spring cleaning, but to also have a look around and take note of what has been happening in your Community.
From a Property Market perspective Glencairn Heights has enjoyed a good 2016 to date. The the two resident Chas Everitt agents Scott Tait and Sean Matthewson took a moment during some Spring cleaning to have a look at the year property movement and after doing so, they both believe that flowers won’t be the only thing in bloom until the year’s end.
While anecdotal opinions on property are never in short supply, it is prudent to anchor sentiment in facts. A balance between opinions from fellow residents and those who are looking to move into the area is useful to then analyse these facts. There has been consistent price growth in the Glencairn area across all price bands and as can be observed there are many residents confidently investing and upgrading their properties currently. Clearly they love living here and there is no shortage of passion when talking to residents about their views on the area and their future in it.
Scott and Sean agree, “when you look around we are lucky to have a close knit community of people that have by and large been resident here for many years. However the circle of life, to coin a phrase, does see people move on and scale down so opportunities to purchase have become available more frequently in the past several years. What has been an eye opener though is the changing demographics with many younger couples and young families moving into the area. While Glencairn is a little bit further from Town when commuting daily, more buyers are wanting the lifestyle, safety and security benefits that are on offer in Glencairn and the price of property here remains a considerable incentive to travel a few extra kilometres. It’s certainly not only other Capetonians that love Glencairn, but also those that are moving to the Cape from other parts of South Africa.”
If you would like to receive a Property Trends Report for Glencairn or the Deep South area, then call Scott or Sean on 021 784 1630 and we will gladly email one to you.
Obtaining a propertyvaluation is an essential step when thinking of selling but for other purposes too such as estate planning, insurance purposes and to keep up with your asset values. So even if your move is not imminent, a house valuation still proves an excellent tool for indicating current market value, and possible room for improvements to increase the value of your home.
An online house valuation is a useful tool to get a quick and easy estimate of the actual price of your property.
By answering a few easy questions on the current condition of your home in Glencairn, our complimentary propertyvalue calculator, using the latest GIS (Geographical Information System) will provide you with an indication of how much money you could potentially make from the sale of your home if you are intending to sell or for the other purposes indicated above.
A feature unique to Valuator provides references to recent final property sales in selected Cape Town Metropolitan Areas, which have yet to be recorded in the Deeds Office. This value added feature ensures that our reports are reliable and up-to-date.
Valuator is a service provided by: HOMEimage.
*HOMEimage is not an estate agency and offers specialised marketing solutions to property developers, hospitality industry, private property sellers and agents, such as 3D models, floor plans, virtual tours, professional photography, drone aerial photography, property marketing materials, and project management.
Property Power is giving away 10 copies of the 11th edition of ‘Property Power in South Africa’. To be entered into this draw subscribe to our Glencairn blog. Winners will be announced on the Friday 26 February 2016 on our blog.
Buying or selling a home as well as moving, can be one of the most stressful experiences in your life, even more so if you are not properly informed, and it is probably one of the most important investments you will make. You need to understand your rights and obligations and learn to take control of the process.
Property and its wealth creating power is not an exact science, but a very complex industry, in which most of us share an interest. Property Power is designed to empower home buyers, home sellers, first-time property investors and owner-builders/renovators with knowledge regarding important aspects of purchasing and selling immovable residential property.
Too many people run into financial difficulty and have to live with disappointments after making hasty decisions and not taking control of their property transactions. Property Power is a magazine (including an interactive PC CD-Rom) in which we cover the most important facts with regard to property transactions as comprehensively as possible, while keeping it simple, user-friendly and easy to read.
If you missed out on the previous editions, don’t despair. Each year, after the Minister of Finance announces the new Budget, we update Property Power and release a new edition. Everything discussed in the previous edition is simply revised and modified to the latest developments, figures and legislation in the market and newly researched material is added.
Property Power is updated and published regularly. You can visit our website at any time to make sure that you have the latest edition and that you are not missing out on any new information, like amendments to certain acts, or changes in the interest rate, budget speech, and so on. We endeavor to update Property Power at least once a year, however sometimes an edition may be relevant for two years.
“If property owners do not take collective action as a neighbourhood community, the affect on everyone’s property values in that neighbourhood could be very negative”, says Cape Town real estate broker, Andre de Villiers from Cape Town.
De Villiers was previously a Neighbourhood Watch Chairperson for a popular Cape Town coastal suburb. “My experience is that there are far too few residents prepared to get involved in neighbourhood security unless there is a dramatic spike in crime or a violent attack. The majority of residents it seems are only too happy to leave the collective security concerns to someone else”.
“As the owner of four real estate offices in Cape Town, I can confirm that buyers are increasingly asking agents for more details about security issues in the neighbourhood of the house they are interested in. The focus on the individual house’s security is correctly seen as something that can be resolved by the buyer, but the area’s reputation and crime statistics are a greater concern, as a buyer knows this will probably be an issue that falls outside their immediate control.”
There is certainly a demand for reliable data but this is not as easy to obtain as some may think. Many smaller incidents are not reported to the police and many private security services treat their information as confidential and many neighbourhood watch groups are understandably concerned that their neighbourhood could suffer if their efficiency in keeping records resulted in a negative message!
“I think any professional estate agent should have some reasonable methodology to answer security questions from buyers objectively about the neighbourhood. We can’t put our head in the sand over this issue and a lack of access to reliable data is certainly a challenge,” said de Villiers.
The message to property owners is to ‘buy in’ to the responsibility of keeping their neighbourhood safe and crime free through collective action, and thereby collecting a ‘collective security dividend’. “Imagine if you will, a pocket of houses that is able to claim and where the seller or agent can statistically show, that the subject area is the safest area in this suburb! If that’s not a great selling feature then, as a real estate professional with over thirty years experience, I am not sure what is!” said de Villiers.