New development property is a lasting trend
New development properties have become hugely popular among buyers in recent years, but this is a trend that looks set to last. With a number of enticing features from less upkeep, and fewer upfront costs, to modern styles and top notch security, it’s not surprising that new development properties are popular choice.
With more buyers opting for new properties, developers are moving to fill the gaps in the market as evidenced by the huge number of development properties for sale in Vaal Marina cropping up.
In recent years, buyers have shown a strong preference for these development properties, but this is no longer just a trend, but rather a pattern that looks set to continue long-term. We take a look at why purchasing new property in a development is so popular.
Saves buyers money
Buyers can save a large amount of money when purchasing a development property. With no transfer duty payable, and VAT already included in initial the price, it certainly is an attractive option in terms of upfront costs. There is the usual 10% deposit, but the rest of the payment is only due once the property has been built.
Reduces maintenance
A newly built home should require no maintenance, or very little at least for a few years. Buyers will therefore have less maintenance-related responsibility to deal with from the time they move in. As all big fittings will be brand new, buyers should also not have to deal with any sudden issues such as a burst geyser, or faulty electrics.
Allows for customisation
Buying a property early in a brand new development, means you will get to look at the different property layouts and choose one that suits you. In addition you can also stipulate the fittings and finishes you wish to have. A brand new property means you won’t need to move into a home with someone else’s décor choices.
Provides for modern living
New developments often make use of the latest technologies, layouts and finishes. You can expect to find high speed internet connections, open plan rooms, modern alarm systems, and optimal sound-proofing and insulation.
Offers optimum security
Most new developments take security seriously. You can expect controlled access, round the clock security guards, high walls and electric fences to provide a safe and secure living environment for all family types.
With less upfront costs, reduction in maintenance, provisions for customisation, optimum security and a modern living space, it’s no surprise that new development properties continue to be a popular choice for buyers.
