Introducing Alison and Peter Stroobach, your New Development Property Specialists
Category News
Our team members are dedicated professionals who excel in various aspects of the real estate industry, including the exciting realm of new developments.
Introducing Alison and Peter Stroobach, our talented duo of Property Practitioners specialising in new developments within Johannesburg's Northern Suburbs, including Bryanston, Duxberry, Craighall and Hurlingham. Alison and Peter are based at our Head Office in Johannesburg and bring their unique experiences and perspectives to their role at Hamilton's.
In this feature, Peter and Alison will attempt to answer all the most frequently asked questions surrounding New Developments and what clients can expect from these property transactions.
Suppose transfer duties are not payable. What other costs are there?
Whether or not a transfer fee is applicable, other costs regarding new developments are incurred through both the conveyancer fees and bond attorney fees.
How does the payment structure work for the building process?
A property bond plays a pivotal role. It is a financial instrument that not only safeguards the interests of both developers and buyers but also helps facilitate the successful completion of new development projects.
Property bonds are typically procured with monthly building draws. These draws involve payments made based on the percentage completion of the development. This process ensures that funds are allocated to the project's progress, providing a financial framework that inspires confidence and accountability throughout the development journey.
Can I change the plans and choose finishes?
Absolutely! While our new developments often begin with standard plans, these plans serve as a starting point and a canvas upon which your vision can take shape. We understand that every stand and location is unique, so we design our standard plans with the specific characteristics of each stand in mind.
This means plan changes can accommodate your specific needs and desires. Whether you want to add an extra bedroom, create a more open living space, or customise the layout to suit your lifestyle, our team is here to work with you.
What's the difference between off-plan and turnkey?
let's clarify the distinction between off-plan and turnkey property purchases:
In a turnkey arrangement, the developer is responsible for building the home from start to finish. As the purchaser, you pay for the property upon its completion. This means that you are essentially receiving a "turnkey" home ready to move into immediately. It's a straightforward and convenient option for those who prefer a finished product without requiring direct involvement in the construction process.
On the other hand, in an off-plan purchase, the land is first transferred into the purchaser's name. After this initial step, the construction process begins. In this scenario, as the purchaser, you typically make monthly payments as the construction progresses, often referred to as building draws. This approach offers more flexibility and allows you to have a more significant say in the customisation of your home. You can provide input on the plans and have the freedom to select your preferred finishes, tailoring the property to your specific preferences.
Is this freehold or sectional title, HOA or body corporate? How do levies work?
We exclusively specialise in freehold properties with Homeowners' Associations (HOAs). We've made this strategic choice based on our assessment that the sectional title market in the northern suburbs of Johannesburg has experienced oversupply, and we aim to align our offerings with the preferences and satisfaction of our clients.
In a freehold property with an HOA, the governance and management of the community are primarily driven by the HOA members themselves. They collectively determine the community's rules, regulations, and financial aspects. The decisions made within the HOA are significantly influenced by the security measures chosen by the community members. This plays a crucial role in shaping the character of the development and its associated levies.
In our experience, we've noticed a strong demand for cluster developments within secured enclosures. These developments often offer an attractive balance between security and reducing the need for 24/7 guarding. This approach aligns with the evolving preferences of our clients, who seek both safety and the benefits of communal living.
How are you uniquely qualified to assist both Developers and their buyers?
Our unique qualifications at Hamilton's set us apart when it comes to serving Developers and their discerning buyers.
Here's why we're your ideal partner:
Firstly, we can provide developers with a comprehensive understanding of potential developments. We offer valuable insights into the feasibility of projects, including assessments of their profitability. This involves advising on critical factors such as rezoning costs, subdivision expenses (including servicing and bulk service contributions), and a deep understanding of the market trending and thriving.
We're well-versed in budget considerations, architectural styles, and the optimal balance between house and land size, ensuring our developer clients make informed decisions.This integrated approach ensures that our clients have access to the latest tools and strategies to market their developments in the digital age effectively.
We have a distinctive focus. We creatively cultivate ongoing relationships with our developers, constantly seeking innovative solutions to their evolving needs. This symbiosis ensures our buyer clients not only have a spectacular array of options at different price points but that these options offer maximum value for their investment. Our commitment to facilitating successful partnerships between developers and buyers is unwavering.
Contact Alison and Peter Stroobach for more information on New Developments:
Alison Stroobach
Cell: 082 923 6501
Email: alison@hamiltons.co.za
Take a look at Alison's Listings:
https://www.hamiltons.co.za/our-people/alison-stroobach/18/
Peter Stroobach
Cell: 083 257 2374
Email: peter@hamiltons.co.za
Take a look at Peter's Listings:
https://www.hamiltons.co.za/our-people/peter-stroobach/12/
Here's to another twenty years of delivering our promise of The Boutique Experience.
Read our previous article here
Contact one of our offices below; we look forward to hearing from you:
Gauteng: 011 463 0155
Cape Town: 021 418 0328
Garden Route: 044 050 3295
Eastern Cape: 076 927 7787
Winelands: 021 863 0551
Mauritius: +230 5723 0369
Email: reception@hamiltons.co.za
Hamilton's Property Portfolio holds a Fidelity Fund Certificate issued by the Property Practitioners Regulatory Authority.
Author: Alison Stroobach & Peter Stroobach