Vineyard Estates

Southern Suburbs Boutique Property Company

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Vineyard Estates

Southern Suburbs Boutique Property Company

+27-21 6744444
anton@vineyardestates.co.za

News

I have to make a choice between an updated home in an older neighborhood or a newer home in a more modern neighborhood. The home in the older neighborhood has almost everything I want and is much larger, but which makes the most sense as an investment?

I have to make a choice between an updated home in an older neighborhood or a newer home in a more modern neighborhood. The home in the older neighborhood has almost everything I want and is much larger, but which makes the most sense as an investment?

By

Anton du Plessis

Posted in On April 26, 2018

If your goal is to buy a home for it’s resale value and the one you are thinking of buying in the older neighborhood is at the upper end of values for that neighborhood, then it may not be the wisest choice. If it is similar or lower in price to the others, then there should be no problem, because pricing should be considered in relation to the local neighborhood and not compared to homes in other neighborhoods (for the most part)

Plus, is it a neighborhood on the decline, or are others going to be fixing things up, too, so that it is a neighborhood that is improving? It could turn out to be a very good deal as long as you don’t “overpay” because of the recent improvements.

Remember that you also buy a home for it’s value to you as a “home,” and that is something else you should consider. Which neighborhood would you AND your family feel most comfortable in?

Featured Properties

Featured
View Property

Exceptional site Zoned for Apartment Block

Zoned GR4 – Apartments. Well under 1km away from Cavendish…

Bedrooms
6
Bathrooms
4
Area
816 Sq Metres
For Sale

R9,500,000

Featured
View Property

Simply Breathtaking in Secure Estate

One of the most desirable properties available for sale in…

Bedrooms
3
Bathrooms
3.5
Area
320 m2
For Sale

R9,900,000

Contact Info

Shop 15 Intaba Centre

Vineyard Rd

Claremont

Phone: 021 6744444

Email: anton@vineyardestates.co.za

 

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