South Africa is one of a handful of countries where you can still purchase a reasonably sized stand, compared to most European countries, where big families live in apartments, without much of a lawn or garden. According to data from FNB, the average ...
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South Africa is one of a handful of countries where you can still purchase a reasonably sized stand, compared to most European countries, where big families live in apartments, without much of a lawn or garden.
According to data from FNB, the average size of a full title stand in 2017 measured just 552 square metres. That is almost half the average size of homes built in the early-1970’s which were 1 063 square metres.
Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, explains that there are many perks to living in smaller spaces.
“Starting with something that will probably resonate best with most people, living in a smaller space is more cost-effective,” Goslett explains.
“Not only will it afford you a higher quality of life in a better or safer area, but it will also save you on monthly rates accounts and maintenance costs. Larger homes have either more or larger rooms that simply use more water and electricity than smaller homes do.”
“Smaller homes also mean fewer spaces to clean – and to store unnecessary items in. The larger the home, the more useless items we tend to collect. In a smaller home, every square metre is essential. This also means that every room is highly functional, which lessens the chances of having unused rooms in the home. Gone are the days of the ‘formal lounge’ that was only to be used when somebody important came to visit,” he adds.
“In today’s fast-paced life, connecting as a family is tricky enough without having to find each other in one of the various rooms spread across the house. Smaller homes force more interaction. You can’t avoid a person for too long when there are only three rooms in the home. This minimises the chance for families to live past one another, as so often happens when living in large homes with many rooms to pop into,” says Goslett.
“Ultimately, though, you need to find a home that suits your needs. If you have to read an article explaining the perks of living in a smaller home just to justify your current housing situation, then it’s probably time to consider selling,” Goslett concludes.
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“Make sure you find a good real estate agent who understands what you’re looking for and the perks of living in your new home – no matter the size – will become abundantly apparent to you.”
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