What do property buyers prioritise when looking in Plett?
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Experience has shown that for property buyers in Plettenberg Bay, the decision to purchase is inextricably linked to the town's appealing lifestyle. More than just a location, Plett offers a unique blend of coastal beauty, outdoor adventure, and refined living which appeals to a range of buyers, from retirees and semigrating families to digital nomads and holiday homeowners.
Beyond that though, there are certain common aspects that buyers look for and prioritise before they will put in an offer, and the price that they would consider. The National Association of Realtors in the USA has done extensive research on this, and note that buyers tend to look f
Experience has shown that for property buyers in Plettenberg Bay, the decision to purchase is inextricably linked to the town's appealing lifestyle. More than just a location, Plett offers a unique blend of coastal beauty, outdoor adventure, and refined living which appeals to a range of buyers, from retirees and semigrating families to digital nomads and holiday homeowners.
Beyond that though, there are certain common aspects that buyers look for and prioritise before they will put in an offer, and the price that they would consider. The National Association of Realtors in the USA has done extensive research on this, and note that buyers tend to look for a combination of practical features, desirable and functional living spaces, and long-term value.
Top features that buyers tend to look for and consider include:
Location, Location, Location. This timeless principle remains at the top of the list. Buyers are not just buying a house, but a lifestyle and a future. They are highly focused on aspects such as what the neighbourhood looks like and whether it is safe, along with amenities (beach proximity, shopping, restaurants), and buyer specific needs such as proximity to work or schools. Plett ticks just about all of these boxes, and offers a good location with good capital appreciation and resale potential.
Price and Capital Growth. Buyers want to know that they are paying a fair price and that their investment will continue appreciating over time. They are now well informed about market conditions and prices. While property values have increased notably in recent years due to the high volume of transfers, the need for accurate pricing remains a key to success as highlighted by a recent Lightstone analysis which showed an excessive gap between asking and selling prices which tends to delay the market.
Security. Even in a safe location such Plettenberg Bay, security remains a major priority, hence the rise in demand for security features and gated estates and security complexes. Buyers tend to specifically look for robust security features and a high level of deterrence. These elements not only deter criminals but also enhance the value of the property, and appeal to a broader market of potential buyers, including semigrating families and retirees.
Property Condition. This is especially important for coastal properties which are often more exposed to weather and erosion. A Condition of Property Report with full disclosure of any known defects is now legally required. We recommend that repairs and rehabilitation is done before listing. Typical aspects to look at include water damage, damp or leaking, erosion, building and foundation cracks, condition of the roof, as well as installations such as plumbing, gas, and electrical wiring.
Layout and Finishes. Buyers tend to prioritise functional spaces with good flow between the living areas and a home ideal for family living and entertaining. Buyers generally want updated finishes especially the kitchen and bathrooms. The higher up the price ladder, the more features luxury buyers tend to look for. Aspects such as built in appliances and increasingly, smart home systems are often an advantage. Most buyers want ample and functional storage throughout the home.
Outdoor and Leisure. For many buyers, especially in coastal areas, outdoor living is a priority, and they tend to look for spaces for entertainment and relaxation. A well-equipped and inviting patio, deck, or terrace, with or without a pool, and a well-maintained garden can significantly enhance the appeal of a property. We always recommend ensuring these spaces are well-maintained and furnished to truly captivate and entice potential buyers.
Energy Efficiency and Sustainability. While buyers are becoming more environmentally conscious, aspects such as solar heating and water efficiency are often more of a priority. The ability to mitigate against loadshedding is a big factor along with features such as solar panels, efficient insulation, double-pane windows (sea facing homes), and energy-saving lighting and appliances. These features not only reduce a home's carbon footprint but could also lead to savings to offset the rising cost of household utilities.
Understanding what buyers value most when they are looking for and prioritising these can be a significant selling advantage. As experienced real estate professionals with a track record of success, Seeff Plettenberg Bay's agents assist our clients with vital insight and direction on how to best prepare their property for the market.
By advising on everything from competitive pricing and targeted marketing to minor improvements, we can ensure your property stands out from the competition, attracting qualified buyers and leading to a successful and profitable sale. Contact one of our property specialists today, or pop in to our office on Main Street.
Yours in Property
Seeff Plettenberg Bay
044 533 0311
plett@seeff.com
or a combination of practical features, desirable and functional living spaces, and long-term value.
Top features that buyers tend to look for and consider include:
Location, Location, Location. This timeless principle remains at the top of the list. Buyers are not just buying a house, but a lifestyle and a future. They are highly focused on aspects such as what the neighbourhood looks like and whether it is safe, along with amenities (beach proximity, shopping, restaurants), and buyer specific needs such as proximity to work or schools. Plett ticks just about all of these boxes, and offers a good location with good capital appreciation and resale potential.
Price and Capital Growth. Buyers want to know that they are paying a fair price and that their investment will continue appreciating over time. They are now well informed about market conditions and prices. While property values have increased notably in recent years due to the high volume of transfers, the need for accurate pricing remains a key to success as highlighted by a recent Lightstone analysis which showed an excessive gap between asking and selling prices which tends to delay the market.
Security. Even in a safe location such Plettenberg Bay, security remains a major priority, hence the rise in demand for security features and gated estates and security complexes. Buyers tend to specifically look for robust security features and a high level of deterrence. These elements not only deter criminals but also enhance the value of the property, and appeal to a broader market of potential buyers, including semigrating families and retirees.
Property Condition. This is especially important for coastal properties which are often more exposed to weather and erosion. A Condition of Property Report with full disclosure of any known defects is now legally required. We recommend that repairs and rehabilitation is done before listing. Typical aspects to look at include water damage, damp or leaking, erosion, building and foundation cracks, condition of the roof, as well as installations such as plumbing, gas, and electrical wiring.
Layout and Finishes. Buyers tend to prioritise functional spaces with good flow between the living areas and a home ideal for family living and entertaining. Buyers generally want updated finishes especially the kitchen and bathrooms. The higher up the price ladder, the more features luxury buyers tend to look for. Aspects such as built in appliances and increasingly, smart home systems are often an advantage. Most buyers want ample and functional storage throughout the home.
Outdoor and Leisure. For many buyers, especially in coastal areas, outdoor living is a priority, and they tend to look for spaces for entertainment and relaxation. A well-equipped and inviting patio, deck, or terrace, with or without a pool, and a well-maintained garden can significantly enhance the appeal of a property. We always recommend ensuring these spaces are well-maintained and furnished to truly captivate and entice potential buyers.
Energy Efficiency and Sustainability. While buyers are becoming more environmentally conscious, aspects such as solar heating and water efficiency are often more of a priority. The ability to mitigate against loadshedding is a big factor along with features such as solar panels, efficient insulation, double-pane windows (sea facing homes), and energy-saving lighting and appliances. These features not only reduce a home's carbon footprint but could also lead to savings to offset the rising cost of household utilities.
Understanding what buyers value most when they are looking for and prioritising these can be a significant selling advantage. As experienced real estate professionals with a track record of success, Seeff Plettenberg Bay's agents assist our clients with vital insight and direction on how to best prepare their property for the market.
By advising on everything from competitive pricing and targeted marketing to minor improvements, we can ensure your property stands out from the competition, attracting qualified buyers and leading to a successful and profitable sale. Contact one of our property specialists today, or pop in to our office on Main Street.
Yours in Property
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