Freestanding homes just better!
Freestanding homes just better!
The demand for freestanding homes in the Gauteng, East Rand townships is quite massive. Given the type of real estate market prevailing at the moment, we see a consistent growing demand in freehold properties as opposed to the sectional title properties. The main driver in freehold properties in the previously black communities or townships is the use of the yard space.
The current economy has strained the consumers to find alternative ways to cope better with their financial demands. This has resulted in an increase in multi-generational living, which can only exist because of a freehold property. A free-standing property provides the luxury of a spacious yard, privacy as well as the freedom from the rules and regulations that come with sectional titles. For this reason, the free-standing properties will make your dream of having a Multigenerational home a reality. This can be a good cost saving mechanism , which also provides the warmth of extended family, free baby-sitting and can also be a mild headache if not properly planned. 
There is also a trend of building a garden cottage or two, depending on the size of the yard. These cottages are often used for rental purposes, which is a brilliant way to have additional income for life; if properly managed. The average consumers are very mindful of the need to have passive income, and these cottages tend to provide just that.
Most purchasers of freestanding properties are those with younger families, looking for privacy, freedom from the restrictions that come with a gated community or complex living and of course every parent wants to know that their children are playing in a safe space at home.
The free-standing properties are usually a bit pricier, than the average sectional title homes. The consumers still prefer these types of houses, with the added benefit of a well-knit community; you just can't go wrong. These days communities have formed some neighborhood-watch groups , WhatsApp' groups and some areas are in the process of being gated and boomed off. All these projects are being funded by the community, this is a great strategy to improve the general area value and the security. Communities like these look out for each other.
Some say that ,it's the good old kasi vibe that warms their hearts and thus they can't seem to want to leave their home ground. That, I fully agree with. Kasi is lekker.
'till next time, take advantage of the buyer's market - put an offer on that property that you've been eyeing for sometime and secure your generational wealth.
Katlego