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This is while "intelligent" homes are already very much in evidence, mainly in the top end of the market. So in this regard what is the prognosis for the South African residential property market?
This is while "intelligent" homes are already very much in evidence, mainly in the top end of the market. So in this regard what is the prognosis for the South African residential property market? "Rising electricity and water tariffs coupled with a growing awareness of the need for us all to reduce our carbon footprint, is seeing a greater emphasis on energy and water-saving devices particularly among new-builds and development homes. It's naturally far easier to install such features in a home to be constructed, although we are noticing from enquiries we receive that buyers of both new and second-hand homes are tending to be increasingly appreciative of features such as solar heating, water saving or recycling features, waterwise gardens with indigenous plants, time switches, sensory lights, insulation to conserve heat or for cooling purposes, and so on," says Dr Andrew Golding, CE of the Pam Golding Property (PGP) group. "The fact is, however, unless the costs of these reduce or incentives are made available to consumers, it will remain somewhat costly for most existing homeowners to consider installing in their homes. At present such features are simply a 'nice to have'. Having said that, there is no doubt that having such features in a home adds to its buyer-appeal and enhances its value, particularly over the longer term," he says. When it comes to such features as well as "intelligent" homes, the upmarket housing sector is already seeing houses with dedicated home theatres and sound throughout the house - and home automation that enables you to control the heat of your swimming pool or house, turn on your lights, draw the blinds or curtains, and via hi-tech security systems monitor all activity in and around your home while you are absent. For this sector of the market the emphasis seems to be mainly on convenience, security and lifestyle benefits, coupled with a growing desire to address environmental needs. Technological advances are bound to make such features increasingly accessible to consumers in the middle to upper sectors of the market. The installation of solar panels for heating water is becoming increasingly popular with numerous companies advertising the installation of solar systems, ie. solar panels and tank. While costs vary for an SABS-approved system to accommodate a family comprising, for example, two adults and two small children and utilising a 300 litre geyser, the cost ranges between approximately R28k and R36k. It's estimated that one can save 35-50% on one's electricity bill through such a system. So if the above family currently spends around R800-R1k per month or more on electricity, they may be able to significantly reduce that cost. In effect the solar system will probably pay for itself in four to eight years, with the further advantage of ongoing reduced electricity costs. It's important that consumers who are interested in installing solar heating ensure the product is SABS-approved and suppliers are members of the Solar Water Heating Division of the Sustainable Energy Society of Southern Africa. For a list of suppliers and products registered to qualify for an Eskom rebate visit www.eskomdsm.co.za. |
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