SELLING PROPERTY IN 2021 | TRENDS TO CONSIDER
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SELLING PROPERTY IN 2021 | TRENDS TO CONSIDER
The past year saw us all having to adapt our lifestyles in some way or another. This change in lifestyle is reflected in the things people look for in the homes they buy, as well as where people are choosing to live.
Working from home
Following the hard lockdown of 2020, working from home has steadily been increasing in popularity. For this reason, people are more actively seeking homes in areas with good internet connectivity, as well as homes with dedicated studies, workspaces or spare bedrooms which can be converted into a home office.
Moving away from the city
The increase in the trend to work from home has also made moving away from the bigger cities and living in smaller, less densely populated towns, particularly along the coast, a far more attractive and viable option for many. If you're a property owner in a smaller town, 2021 may be the ideal time to consider selling.
Families living together
Another prominent emerging trend is that of multi-generational living. Homes with garden cottages or granny flats are perfect for this and allow for grandparents to live on the same properties as their children's families, to be closer to their families in their golden years and to help with the raising of their grandchildren as well as receive care and support.
Home security
With entire families being home during the day, buyers are placing greater emphasis on home security. If you're planning to sell your home in 2021, consider installing some security upgrades such as alarm systems, perimeter sensors, CCTV cameras and electric fencing.
Low interest rates
As we saw in the latter half of 2020, low interest rates will continue to drive sales with zero transfer duties applying to properties valued below the R1 million mark, making it easier for first-time buyers to enter the market, as well as making it even easier to sell apartments and flats in this price range.
Embracing technology
During the past year, technology became a major driving force in the property industry with the uptake of online solutions to address the issue of social distancing such as 3D virtual tours and online property auctions. We can expect these online platforms to continue to be refined and to become a mainstay within the industry.
If you're looking to buy or sell a property in 2021, contact our friendly team of highly knowledgeable Property Specialists today and let our trusted expertise guide you. Email us at info@homeandhectare.com or give us a call on 041 581 1744.
Author: Home & Hectare
