The key to a suc­cess­ful high-den­sity es­tate is bal­anc­ing the needs of all pos­si­ble buy­ers

Weekend Argus (Saturday Edition) - - PROPERTY -

THE NUM­BER of peo­ple pre­fer­ring to live in sec­tional ti­tle schemes or HOA-run es­tates has in­creased over the years, and this trend is set to hold.

Im­por­tant, how­ever, says Shi­raaz Has­san, com­mer­cial di­rec­tor of As­rin Property De­vel­op­ers, is that se­cu­rity es­tates should be built with in­tegrity and thought must be given to who will be liv­ing in them in the fu­ture, as well as whether they will be able to sus­tain what the de­vel­oper has en­vis­aged.

“Look­ing at var­i­ous sta­tis­tics re­leased and pre­vi­ous ex­pe­ri­ence, there has been a 7 per­cent year on year in­crease in the de­mand for sec­tional ti­tle units and first time home­buy­ers are driv­ing this mar­ket.

“When look­ing at the av­er­age ages of each life stage of home buy­ing, it is of­ten not easy to pin­point why each price cat­e­gory and life­style cat­e­gory needs to be as­sessed when de­cid­ing to go ahead with the de­vel­op­ment of an es­tate. The im­per­a­tive goal, how­ever, is bal­ance – achiev­ing a mu­tu­ally pop­u­lar, price sen­si­tive prod­uct that caters for young fam­i­lies, first time home buy­ers and older folk reach­ing re­tire­ment.

“With more con­struc­tion of higher den­sity devel­op­ments as SA’s pop­u­la­tion in­creases but land avail­abil­ity does not, comes the need to soften the im­pact of th­ese by adding as much green­ery as pos­si­ble to each in the land­scap­ing and communal ar­eas,” says Has­san.

“Adding open space en­cour­ages res­i­dents of the com­plexes to en­gage with each other and not live sep­a­rate lives.”

Each es­tate type will have a cer­tain type of per­son buy­ing into it, for ex­am­ple, first time home buy­ers will have a cer­tain bud­get and might not have a need for large fam­ily style homes whereas 40-some­thing buy­ers will of­ten want larger homes, with gar­dens and space for their chil­dren. Buy­ers are look­ing for se­cu­rity and life­style op­tions such as swim­ming pools, ten­nis courts, and other ameni­ties where costs would be shared among the own­ers. Be­cause liv­ing in a free­stand­ing home can be costly, it is easy to understand why buy­ers opt to live in es­tates, says Has­san.

“As­rin al­ways car­ries out ex­ten­sive re­search be­fore start­ing on each de­vel­op­ment. At Nu­ut­gevon­den in Stel­len­bosch, for in­stance, the units have been ex­tremely pop­u­lar with young adults and fam­i­lies alike, be­cause of its com­pet­i­tive cost a square me­tre as well as the open green spa­ces and se­cu­rity. At­trac­tions in­clude prox­im­ity to the cen­tre of Stel­len­bosch and the univer­sity.

“At Som­er­set Coun­try Es­tate near Som­er­set West, with larger homes and big­ger gar­dens, the buy­ers have tended to be fam­i­lies and ex­ec­u­tives who want the qui­eter life­style of­fered there, with av­er­age ages in the for­ties. There are now only three homes avail­able in this de­vel­op­ment.”

Cre­at­ing suc­cess­ful devel­op­ments is not only about build­ing the units, he says, but rather about the sus­tain­abil­ity of the schemes.

“Many de­vel­op­ers have in built sound build­ings but have not suc­ceeded in im­ple­ment­ing the cor­rect man­age­ment pro­ce­dures af­ter han­dover to the own­ers. The im­pact that a larger scheme has on the en­vi­ron­ment as well as main­tain­ing of all the com­mon ar­eas will need a plan from spe­cial­ists for them to work in the fu­ture,” says Has­san.

“Rec­om­men­da­tions from con­sul­tants should not merely be sub­mit­ted with the aim of get­ting schemes ap­proved but should rather be to en­hance and im­prove the area. Con­struc­tion man­age­ment plans should be im­ple­mented along with post- con­struc­tion man­age­ment guide­lines, as th­ese will en­sure proper up­keep of the es­tates and all par­ties should be en­gaged to understand the plan,” says Has­san.

SE­CURE: Aerial view of Som­er­set Coun­try Es­tate near Som­er­set West, where only three homes are still avail­able for sale.

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