Adendorffs

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Real Estate Company

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+27 (0)33 413 2118
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Looking for certain features

I have to make a choice between an updated home in an older neighborhood or a newer home in a more modern neighborhood. The home in the older neighborhood has almost everything I want and is much larger, but which makes the most sense as an investment?

By

Adendorffs

Posted in On May 02, 2019

If your goal is to buy a home for it’s resale value and the one you are thinking of buying in the older neighborhood is at the upper end of values for that neighborhood, then it may not be the wisest choice. If it is similar or lower in price to the others, then there should be no problem, because pricing should be considered in relation to the local neighborhood and not compared to homes in other neighborhoods (for the most part)

Plus, is it a neighborhood on the decline, or are others going to be fixing things up, too, so that it is a neighborhood that is improving? It could turn out to be a very good deal as long as you don’t “overpay” because of the recent improvements.

Remember that you also buy a home for it’s value to you as a “home,” and that is something else you should consider. Which neighborhood would you AND your family feel most comfortable in?

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Adendorffs

Adendorffs is a real estate company founded in 1946 in Greytown, KZN, and now operating across the entire KZN covering the Midlands, North Coast and South Coast. We specialise in the sale, rental and management of residential, commercial, industrial and agricultural properties in KZN. At Adendorffs our mission is to provide excellent service with integrity and honesty, always acting in the best interest of all concerned.

Address: Unit 3 Erlin Court, 170 Pine Street, Greytown, Kwazulu-Natal, 3250
Tel: +27 (0)33 413 2118
Fax: +27 (0)86 205 3075
Cell: +27 (0)82 976 5507 (Mel)
Email: adendorffs@greytown.co.za

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