Dear Property Investor
We are excited to announce that our Wilgeheuwel development is almost completed and sold out. Ready to occupy! Our first homeowners will be taking occupation from 1 July 2018.
We are extremely proud of our projects team, including, the Developers Group, Sub contractors and the many casual laborers employed. Without this team this would not have been possible.
Our Letting Team – Genesis Realty eagerly grabbed the opportunity to secure quality Tenants for our Investors buyers. The feedback from our Letting team was very interesting and I would like to share this info with you, should you ever consider buying a property for a Rental Investment.
Price
Price was one of the 1st factors that they realised played a vital role in securing tenants interest. Tenants today are more informed with regards to the rental market. Your Rental Agent will guide you with a realistic market value. Our agents work in the field and they know exactly what a willing tenant will pay for a certain type of accommodation.
When buying into a new development insure you choose your finishes in such a way that it will be pleasing to you and a potential tenant. Tenants prefer, tiles, granite tops and ample kitchen cupboards space. This might not seem very relevant now, but will become relevant when prospecting for a tenant.
A price range of between R 6000 to R 7000 for a 2 bedroom apartment seems to be the most popular in these challenging economic times. We realised that clients are down scaling, but we also have an up and coming professional market and these tenants are looking for affordable lock up and go as well as trendy apartments to complement their lifestyle.
If you are looking into buying to let, here are some relevant tips to consider in making an informative decision:
- 2 Bedrooms- R 6000 to R 7000 p.m price range
- 3 Bedrooms- R 7500 to R 8500 price range
- Tiles in all the rooms- No carpets
- Ample kitchen cupboards
- Space for 2 x appliances minimum.
- Granite tops in the kitchen.
- Close to schools, shopping centers and easy access to highways.
- Modern and trendy
The Ridge Shopping Centre
C/O Mozart & Paul Kruger Avenue
Honeydew Ridge, Johannesburg
Tel: +27 (11) 858 3300
