RESIDENTIAL
Way Forward
RESIDENTIAL
3. Financial and Regulatory Considerations
Purchasing property in an estate often comes with higher costs than standalone homes.
Buyers should consider
• Approval Fees: Costs related to architectural plan approvals.
• Monthly Levies: Fees for communal maintenance.
• Resale Restrictions: Potential limitations on selling the property.
Klopper notes the importance of the construction timeline, as some estates require buyers to build within a specific period to avoid vacant plots.
“ Building regulations may also be stricter in estate areas, possibly extending construction timelines”
Investing early in a well-planned estate can lead to significant property value appreciation.“ We’ ve seen instances where strategic investments yield both lifestyle and financial returns,” Klopper states. However, early buyers should research the developer’ s track record and visit completed projects to mitigate risks.
Way Forward
“ Buying property in an estate is not just about securing a home; it’ s about investing in a lifestyle and community,” Klopper advises. Prospective buyers should:
• Conduct thorough research.
• Ask the right questions about guidelines and fees.
• Engage with professionals to navigate the purchasing process effectively.
In summary, while estate living offers many benefits, it is crucial for buyers to be well-informed and prepared. By understanding the landscape and conducting due diligence, they can make confident, informed decisions about their property investments.
56 REI MAGAZINE APRIL 2025