Please note that you are using an outdated version of Internet Explorer which is not compatible with some elements of the site. We strongly urge you to update to a newer version for optimal browsing experience.

Why good neighbours make for higher home values

07 May 2018

When new owners moved into the house across the road, were you the neighbour who went to welcome them with a pizza and a bottle of wine so they didn’t have to make dinner after a long day of unpacking? Or were you the one checking out their furniture from behind your curtains?

In short, good neighbours make for higher home values, so it really is worth getting to know the people who live next door and down the road," says Kotzé.

It’s unfortunate, but these days neighbours tend not to know one another as well as they used to, perhaps for fear of “getting too involved” in other people’s lives, or perhaps just because high walls and security systems make it difficult to even start a friendly conversation.

“However,” says Gerhard Kotzé, MD of the RealNet estate agency group, “it’s a fact that areas where neighbours regularly work together to improve security, for example, or clean up a park, or protect a wetland, are not only safer and better maintained than other areas, but also develop a strong community spirit that makes them especially sought-after among prospective home buyers.

“In short, good neighbours make for higher home values, so it really is worth getting to know the people who live next door and down the road. Of course, it makes things easier if you’re all of a similar age, or have similar age children all going to the local school, but there are also lots of other possible meeting places or interests you might have in common if you’re not afraid to make the first move.”

Another advantage of having a good relationship with your neighbours, he notes, is that you can ask them to keep an eye on your home when you’re on holiday, contact you in case of an emergency and collect your mail. “But then you need to be a good neighbour in return. Try keeping noise to a minimum, for example. Waking them at dawn on a Sunday with your favourite rock anthems blasting while you wash the car is hardly likely to endear you to them.”

Power tools, pets and loud parties can also easily lead to arguments, and it’s a good idea to let your neighbours know if you’re having a braai or pool party that may run late, or invite them if you think they would enjoy it, and to try to keep your pets indoors during the early hours of the morning.

“If you live in a complex or estate, it is also particularly important to try to always park in your own space or garage and ensure that your guests don’t block your neighbours’ driveways or park in front of their garage doors,” says Kotzé.

“And finally, it’s worth remembering that a good neighbourhood can be made even better with a dash of pride. Keep the areas beyond your immediate garden neat and tidy and your home in good condition, and your neighbours will most likely be motivated to do the same. No-one wants to own the shabbiest home on the street.”

Print Print
Top Articles
For wealthy South Africans an investment from $500k is often less than the cost of a second property, and with this minimum amount set to rise, the rush is on...

Those hoping to sell in the current market should be patient, but pricing your property right and working with a good agent can speed things up. Here's what to expect...

With rentals so high in Cape Town’s prime coastal strip, buying property often makes more financial sense than renting, with good buy-to-let opportunities for investors...

Loading

Your browser is out of date!

It looks like you are using an outdated version of Internet Explorer.

If you are using Internet Explorer 8 or higher, please verify that your Internet Explorer compatibility view settings are not enabled.

For the best browsing experience, update to the latest Version of Internet Explorer or try out Google Chrome or Mozilla Firefox.


Please contact our Property24 Support Team for further assistance. Tel. +27 (0)861 111 724