SMART PROPERTIES
“ Other important decisions to make are the funding model and also the format of ownership as the latter has far-reaching implications for both the developers and buyers .”
As one grows older , the resistance to change increases and relocating to a new area is a fundamental barrier so ideally the site will be in close proximity to suburbs in which the development ’ s potential residents currently reside .
This also facilitates the option to price it right because , with the pricing of the land and / or top structure being the base cost , the future residents and the property are already in the same income / affordability bracket .
Developers should also carefully consider whether they want to take the specialised approach and , if so , to what degree .
184 OCT 2022 SA Real Estate Investor Magazine