When it comes to real estate investment, one of the key decisions that buyers face is whether to buy vacant land or invest in partially completed properties such as Shell Homes. While both options have benefits, buying a shell property will provide buyers with flexibility and cost control, making it an increasingly popular option, especially for those looking to build a secure, established property.
“We are pleased to announce that Barto Van Der Merwe, managing director of Renishaw Property Developments, a subsidiary of Crookes Brothers Limited, listed in JSE. “If you invest in shell properties rather than vacant land, there is inherently less risk, and there are unexpected cost savings that make this a wiser investment choice.”
What are shell properties?
Shell Properties is a partially constructed home with a completed basic structure, but the interior is not yet complete. This usually includes exterior walls, roofs, windows and doors, but excludes interior finishes such as flooring, cabinets, tiled, fixtures and final paint.
Barto van der Merwe unraveled why property investors such as the mature lifestyle estate Renishaw Hills on the South Coast of KZN, find Shell Properties a beneficial investment option.
1. Visual clarity of the design
One of the main benefits of buying a shell home is the buyer's ability to physically walk through the space and imagine what it will look like once it's finished. Unlike raw land where investors must imagine plan-based layouts and views, Shell Properties offers real-time spatial planning and visualization options for the buyer's completed design. The shell structure already exists, making it easier to decide where to place the furniture, how to optimize the view, and how to apply it.
2. Customizing your design
Shell Properties offer buyers the freedom to choose their finishes and personalize their homes to where it matters most. This not only provides buyers exactly what they want in the final look and feel of the home, but also means a faster timeline for them to move around.
3. There is no inconvenience in construction
With shell properties, all the major structural work is already undertaken, reducing the wait and construction inconvenience associated with new builds. Shell structures limit the presence of heavy construction vehicles associated with large building projects and the associated noise, dust and inconvenience.
4. Avoid raw land costs
Buying vacant land may seem like a cost-effective option, but it often costs unexpected costs. These include high fees and taxes paid on vacant land, security fencing, ongoing vegetation management, illegal dumping or occupational risks.
5. No geological engineering research required
Additionally, important studies such as geological engineering surveys should assess soil conditions. It is important information that determines whether the land is constructable or requires expensive engineering solutions. Spending money on basic geotechnical research and reporting raw land is essential to ensure that the land can be constructed without the need for excessive ground improvement or foundation solutions. Shell properties are not required as they are the responsibility of the developer.
6. No zoning complications
Zoning complications are not something that Shell Property investors experience, but another common problem with raw land. Many buyers are unaware that the intended use of the land may not be consistent with current zoning regulations. And relying solely on the words of a real estate agent can lead to disappointment. Additionally, restricted site access from major roads, other planned developments around the surroundings, or the presence of protected vegetation, such as milkwood trees, can delay or even prevent development. Investors should always consult with the local government regarding the provisions of official schemes and environmental assessments and make sure they purchase from reputable developers.
7. Low risk and financial limitations
Investing in fabrics, especially in the early stages of new development and in new regions, poses risks related to developer financial stability and the future of the region. Without a guarantee that a reliable infrastructure or development will be completed, the buyer could have undepreciated and unserved land. Additionally, banks are generally hesitant to grant loans for security using vacant land, limiting financial flexibility.
8. Immediate return
A well-established or semi-developed property with existing utilities such as reliable power, water, and sanitation services protects buyers from risky and costly surveillance. Real estate investments in developed real estate can also be quickly rented, providing a source of revenue that could offset bond repayments. Over time, equity built into a wealthy, completed home can also be used for future investments. Buying safe and managed properties for people with no development experience gives you peace of mind thanks to vetted developers, excellent infrastructure and long-term growth potential.
Shell Properties Investments by Renishaw Hills
Just 40 minutes from Durban in Scottburg's Renishaw Coast, Renishaw Hills is one of the most sought after retirements on the KZN South Coast. Buyers can invest in beautifully designed shell homes within a thriving, eco-friendly community.
With a growing sense of trustworthy service, first-class security and community, Renishaw Hills offers the freedom to personalize your home within a secure, established development. This is a low-risk investment with a strong return potential and the beginning of a new adventure!
Renishaw Hills is the biggest option for those looking for a retirement unit for sale in Scottberg, with a focus on community, sustainability and lifestyle. The highlights are:
Affordable taxation covering maintenance, garden services, denial removal, fiber WiFi, 24/7 security, and healthcare options. More than 20 active clubs, joint amenities and new bowls are ongoing. Independent water supply ensures water security. Surrounded by blue flag beaches, coastal forests and scenic hiking and cycling trails.
Contact us to start a new adventure!
For more information about Renishaw Hills or to arrange a tour, please email sales@renishawhills.co.za or www.renishawhills.co.za. For more information about Renishaw Hills or to arrange a tour, please email us at 064 198 2693 (sales@renishawhills.co.za). See the units available at Renishaw Hills: https://renishawhills.co.za/available-units/.
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