Make your house more valuable with broadband

ToxicBunny said:
It was a deal breaker for me when I bought a house 3 years ago...

The Estate Agent was told, I am not interested in seeing any properties that do not have access to decent ADSL infrastructure... took a bit of education to show her what I meant.
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How did you manage that?
 
This is definitely already a factor in SA. I know that this is a non-negotiable for many young people looking to rent or buy property.
 
I don't know about paying 8% more, but you'd have to drop your price by at least 8% if you'd want me to consider buying it and you have no ADSL / Fibre connectivity in the area.
 
Fudzy said:
How did you manage that?
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I sat her down with the Telkom site, and a few others and explained what defined good ADSL infrastructure....

My Estate Agent initially hated me I think, but at the end said I was a pleasure to deal with because I knew exactly what I wanted, I knew the value of things and didn't waste her time and also taught her some interesting things.
 
ToxicBunny said:
I sat her down with the Telkom site, and a few others and explained what defined good ADSL infrastructure....

My Estate Agent initially hated me I think, but at the end said I was a pleasure to deal with because I knew exactly what I wanted, I knew the value of things and didn't waste her time and also taught her some interesting things.
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Ah okay so you didn't have her stake out the exchange for a technician to confirm? I wish I had, it took 3 long months to get ADSL even though I had confirmed the exchange was capable by using one of the neighbour's phone numbers. The problem was they didn't have space in the exchange :(
 
Fudzy said:
Ah okay so you didn't have her stake out the exchange for a technician to confirm? I wish I had, it took 3 long months to get ADSL even though I had confirmed the exchange was capable by using one of the neighbour's phone numbers. The problem was they didn't have space in the exchange :(
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Nah, I did that myself.... I couldn't expect that from her...

When she did the ground work to see that all looked good... I did the leg work of making sure the order would be successful :)
 
Got to agree with almost everyone here.

ADSL is one of my primary requirements when looking for a property.
 
ToxicBunny said:
It was a deal breaker for me when I bought a house 3 years ago...

The Estate Agent was told, I am not interested in seeing any properties that do not have access to decent ADSL infrastructure... took a bit of education to show her what I meant.
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I did exactly the same. Eventually i turn down one or two good deals in good areas probably little better then the one i'm currently in just because the ADSL was crap. I could not imagine my life been stuck on 1-2Mb line.
 
The_MAC said:
I don't think that the value of houses in SA will necessarily be that much higher if you have fixed broadband infrastructure, it will only be harder to sell.
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Yes - Having had the misfortune of working with a lot of estate agents over time, I've picked up a number of things, and this was one of the things that stuck with me - Many of the improvements that people think add more value to the house just make it easier to sell, not more valuable.
 
elvis_presley said:
Yes - Having had the misfortune of working with a lot of estate agents over time, I've picked up a number of things, and this was one of the things that stuck with me - Many of the improvements that people think add more value to the house just make it easier to sell, not more valuable.
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Yup... without a doubt..

A good kitchen and bathroom add value (to a degree).. much of anything else not so much really.
 
So i guess if you have FTTH installed you will get R1'000'000'000 for your property. Im in luck :D
 
blunt said:
I don't know about paying 8% more, but you'd have to drop your price by at least 8% if you'd want me to consider buying it and you have no ADSL / Fibre connectivity in the area.
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If you where even considering buying a house in London, an extra 8% wouldn't be worrying you that much.
 
For me, the next place I buy will not just have an ADSL requirement, but a speed requirement too. I am currently stuck behind the rest of the world with a connection that only syncs at 1.5 Mbps. Telkom is talking about introducing 4 Mbps as its minimum speed, but they can't even sort out basic schit like this. Actually considering moving in the next year because I'm sick of nagging them for an update...
 
Well, maybe broadband is faster in areas where people can afford to pay more for properties.

Have you seen the prices of houses in SA that have Smartvillage FTTH?
 
P924 said:
Well, maybe broadband is faster in areas where people can afford to pay more for properties.

Have you seen the prices of houses in SA that have Smartvillage FTTH?
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That's an excellent point. Telecomms operators usually cherry-pick the more lucrative areas first. The report could well have it the wrong way round. Perhaps houses aren't more expensive because they have good connectivity, they have good connectivity because they're expensive houses.
 
OPs quoted suggestion i.e.
How to easily increase your home’s value
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is misleading.

It is not easy (and not cheap by world standards), to get a decent & reliable fast broadband connection to the average home-owner in this country
 
or, you know, you could just do what the seller of the house I bought did - and lie.
 
P924 said:
Well, maybe broadband is faster in areas where people can afford to pay more for properties.

Have you seen the prices of houses in SA that have Smartvillage FTTH?
Click to expand...

I don't think that there is that much of a direct correlation between property prices and broadband speed. I think its to do with the fact that people earning higher salaries are more likely to be able spend money on entertainment which requires high speed broadband. In the Europe and the UK there has been a big shift to video-on-demand and think its the demand for these services from people already living there that has attracted the broadband services in the first place. These where already relatively high priced areas. Once you have these services, when you look to relocate, you check that the area you relocating is going to offer the same or better. Which it usually does because those areas have already attracted the broadband investment because of the consumer demand.

Bear in mind though, that they talking about a different market to SA. In the UK for example you can check the available broadband services for any area online.

http://www.uswitch.com/broadband/postcode_checker/

Can you go onto the Telkom website, or Afrihost website, type in a post code and pull up a report of what level of broadband services are available ?
 
zippy said:
I don't think that there is that much of a direct correlation between property prices and broadband speed. I think its to do with the fact that people earning higher salaries are more likely to be able spend money on entertainment which requires high speed broadband. In the Europe and the UK there has been a big shift to video-on-demand and think its the demand for these services from people already living there that has attracted the broadband services in the first place. These where already relatively high priced areas. Once you have these services, when you look to relocate, you check that the area you relocating is going to offer the same or better. Which it usually does because those areas have already attracted the broadband investment because of the consumer demand.

Bear in mind though, that they talking about a different market to SA. In the UK for example you can check the available broadband services for any area online.

http://www.uswitch.com/broadband/postcode_checker/

Can you go onto the Telkom website, or Afrihost website, type in a post code and pull up a report of what level of broadband services are available ?
Click to expand...

You can check an address on Telkom and it will tell you (roughly)
 
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