10 Benefits of buying in new developments
Category Property Advice
Are you thinking about investing in property? With the rise of new residential properties in popular Cape Town neighbourhoods like Newlands, Claremont, and Kenilworth, you might wonder if it's a good move.
With many properties boasting modern designs, amenities, and lively communities, these new residential developments have become even more appealing, especially to first-time buyers and families considering downsizing. Here are some reasons to consider exploring a new development:
1. No transfer duty
Newly built properties are exempt from transfer duty, and VAT is already included in the purchase price. It makes them more cost-effective for buyers, as they don't have to pay additional taxes and fees.
You can spend the money on other essential parts of your new home, such as furniture or moving costs.
2. Modern design and features
New developments showcase modern designs and conveniences, highlighting current trends. These updates are focused on creating living spaces that feel contemporary and cosy. With their clean and efficient designs, these homes are a great fit for those who value style and practicality.
3. Better quality features and security
There's an emphasis on providing residents with top-notch amenities and quality finishes in the homes. All features are intended to create an appealing and comfortable living environment.
And you know what's even better? Security is really important. Many properties offer gated entrances, CCTV, and controlled access points.
4. Options on house features
You'll find a variety of house types with different layouts and sizes to suit your family's needs, including room numbers and various styles. You can also consider amenities like a backyard, swimming pool, or garage. Once you've narrowed down your choices, it's essential to research the area to ensure it's a good fit for you and your family. Most developments allow buyers to choose from a palette of finishes-so customised to your colour scheme, or buyers can choose from various suppliers.
5. Better energy efficiency
Energy-efficient homes are increasingly significant due to power outages and water shortages. These homes include eco-friendly features like LED lighting, ample natural light. Some even come with solar panels and water storage, cutting expenses and enhancing affordability.
6. Save time and money on home upkeep
Choosing a new build home means you'll save time and money on maintaining your house. You won't have to worry about spending a lot on costly repairs, replacements, or updating old systems. Plus, you'll find yourself spending less time on maintenance chores, giving you more opportunities to enjoy your home and the lifestyle it offers.
7. You'll feel part of the community
New developments often offer shared amenities like gyms, pools, and events that build a close-knit community. Residents feel more relaxed and at home when they feel connected to the space and people; it creates a sense of security, comfort, and a sense of belonging.
8. Warranties on defects
The included warranty and guarantee are also significant benefits. The National Home Builders Registration Council (NHBRC) was established to protect buyers' interests. The warranty covers various aspects.
9. Commute with ease
With thoughtfully planned transportation access, new developments prioritise easy commuting. Most new residential developments are located near major highways, public transportation, and essential services, ensuring a smooth daily commute. It not only saves time but also adds convenience.
10. Capital appreciation for years
Buying a home in an area that's growing or becoming more popular could lead to the property's value increasing as time goes on. With its modern design, updated features, and great location, the property could become even more attractive to potential buyers, potentially leading to a better resale price. If you're buying an off-plan sectional title scheme, payment is often on completion anywhere from 12 to 18 months from the signature. Therefore, the buyer receives capital growth on the investment over this time.
If you're searching for a property in a new residential development in Newlands, Claremont, or Kenilworth, you will find the ideal property at Upton Properties. Browse our properties for sale, or reach out to our property practitioners today.
Author: Upton
