In 37 days, we enter the year 2020. While the countdown will send people into a blind panic, most people tend to look at it as a jumpstart on the year ahead. If you’re a budding property investor, you’ll be looking towards the trends to help make an investment decision.
“As a property investor, this means that you need to do your research into eco-friendly homes”
Why do trends matter?
The same way we look at fashion trends is the same way we should be looking at property trends. It provides investors with insight into how property buyers are purchasing and what they’re looking for in a potential home. So, what does the year 2020 look like?
“Living large may have been the dream in the past but today, people are trying to save money”
While being eco-friendly has been on everyone’s mind, this year the message is extremely amplified – from restaurants to businesses, everyone is trying the best to reduce their carbon footprint.
As a property investor, this means that you need to do your research into eco-friendly homes. New developers have been using sustainable building materials to construct homes. What happens if you buy an old property without the ‘green’ materials?
You can implement a few changes that can help. This includes using LED light bulbs and solar panels. These may cost a bit but your tenants will thank you – they help reduce their energy bill.BOOK NOW
Less is more
It’s no secret that South Africans are starting to feel the pinch. Living large may have been the dream in the past but today, people are trying to save money. When it comes to looking for the ideal home, buyers are searching for simple yet comfortable.
This doesn’t mean that they’ll be happy with a tiny house. It means having the necessities and enough to make them feel comfortable. With most millennials starting their families late – or skipping having kids altogether – a simple 2-bedroom home is on the agenda.
“Is it fibre-ready?”
You won’t find the ‘less is more’ lifestyle within the city centre – you’re more likely to find it in the suburbs. While living in a busy CBD is appealing to most homebuyers, people are now looking for a quieter and serene lifestyle. Most people work in busy areas, the last thing they want to come home to is a busy street and noisy people.
With the suburban lifestyle, they have the chance to unwind before heading back the next morning. Areas like Midrand (which is conveniently located to the city but still offers the family lifestyle) and Randburg is popular among new.BOOK NOW
The internet of things
“Is it fibre-ready?”
We do everything on the internet and more people are working remotely. For this, they need a fast internet connection that is stable, reliable, and will allow them to be productive. Areas that have fibre access (or a property that has it installed) are a top priority for those looking for a home.
How to use these trends to your advantage
With the knowledge of what buyers want, you have the opportunity to ‘cater to their needs’. For example, with people looking for smaller homes, you can set a budget for a decent-sized 2-bedroom home in a good suburb.
With this kind of insight, you’ll be in a position to make a better decision if you’re shortlisting an investment property and lower the risk of not finding any tenants or buyers for the property.
For further information on property trends and industry insight, book your seat at our free property investment seminar. During the 2-hour session, you’ll discover everything from which areas to look at, to how to market your property.BOOK NOW