Simon’s Town Real Estate News

Better to Build Than Buy Property in Cape Town?

According to this article in the business report, “Ignoring everything but the cost of the structure, it was better to build in Cape Town, Bloemfontein and Limpopo, and cheaper to buy existing property in Ekurhuleni, Johannesburg and Port Elizabeth. more…

Tags: Building cost

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Is the Simon’s Town Building cost only R5 900 per m²?

The national average building cost is R4 883,91 and according to Industry Insight CEO Elsie Snyman the Western Cape’s building cost is R5 900 per m² (first quarter 2007).

But is this figure a true reflection for Simon’s Town’s building cost?

Building cost in the wider Cape Town can be anything between R7 500 and R10 000 per m², according to architect Danie Pienaar. After Danie received 27 tenders for three new projects during June 2007 he found that the average building costs for a normal new dwelling was R7 500 per m². Alterations to dwellings can be as much as R10 000 per m².

The lesson out of all the building- and house price indexes is that you should treat it with respect and ensure you consult with a specialist before you build your new home.

I believe these figures are great for people who already have homes and want to get an idea of the approximate replacement value.

Note: Replacement value is not an indication of what you can sell your home for. The willing buyer is the only judge.

Hope you have a great Simon’s Town day. I just saw a happy whale in the bay just in front of the harbour.

Johan Horak.
P.S. If you need Simon’s Town property advice call me today at 086 026 33 33
P.P.S. I rather turn you down today than let you down tomorrow.
P.P.P.S. If you cringe as much as I do at sloppy spelling please complain here at my central cringe pot. I apologise in advance and will correct it and try harder. If you like what I do please use the space below and tell me…..thanks

Tags: Building cost

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