What exactly are the most important factors and criteria that you should consider when making a property investment?
With the launch of Lucca, a new development by Renico Construction that is marketed exclusively by Engel & Völkers Potchefstroom, we investigated the key factors when making a property investment decision.
Property Investment Criteria
- Excellent location with good prospects in the specific area
- Security environment
- Finishes and construction of a high quality
- The ideal price bracket for a good investment is currently between R600 000 – R1 000 000, according to the property specialist Erwin Rode in a recent discussion with Andries van Zyl on the popular RSG program: Money-Web. (Listen to the specific discussion here.)Erwin Rode is the CEO of Rode & Associates (click here to visit their website www.rode.co.za).
- The investment falls in the category of the most reliable tenants in South Africa (with regards to payment). According to the national research of TPN Credit Bureau – Lucca falls exactly in this category. Visit their website www.tpn.co.za for more information.
Overview of Lucca as a property investment
Lucca is a complex with 89 units in Lifestyle Estate, Potchefstroom and meets all of the above requirements for a sound property investment.
If you’ve recently driven through Potchefstroom and past Lifestyle Estate (next to Tuscany Ridge), you would’ve seen that the construction is showing great progress. The 2 bedroom, 2 bathroom townhouses will be ready for Occupation October 2016.
Lucca is Renico’s first development in Potchefstroom. Renico is a well-reputed developing company from Gauteng with a list of more than 150 successfully completed projects – every single one of them completed on time, never missing a deadline.
The 89 townhouses will definitely appeal to first time buyers (due to the price bracket as well as the lock-up-and-go appeal that the complex in an estate offers), young adults, small families looking for a private garden and the security of living in an estate as well as buyers looking to downscale. The ground floor units feature private gardens. Because of the good ROI (Return on Invesment) that Lucca offers, it is also a very sound opportunity for investors – whether they are looking for single units or looking to buy bulk. Special discounts on bulk deals apply.
Contact Beatrice Joubert to book your units today at 071 674 5673 or Beatrice.Joubert@engelvoelkers.com