RETIREMENT
Investing in a ‘ forever home ’ is a big decision that requires careful consideration of existing and future needs . In South Africa , there has been a massive shift towards coastal semigration , with retirees following suit . According to the property market intelligence report , Lightstone , the town of Margate on KZN ’ s South Coast is emerging as an in-demand location for retirement living . There are many great reasons for this , but investors mustn ’ t overlook certain key factors when choosing a home .
“ There has been a significant shift in retirement trends the past few years , because retirees are living longer than ever before ,” explained Reece Daniel , Developer of Serenity Hills in Margate . “ People are now looking for a retirement home where they can enjoy an active , outdoor lifestyle which has meant a shift in priorities .
To assist buyers on a retirement estate house hunt , here are 10 key factors to consider
1 . Self-sustainability
South Africa ’ s blackout woes are set to continue into 2023 , according to the medium-term adequacy report
Eskom released in October . Add in the climate crisis and resultant water supply concerns , and self-sustainability should be top-of-mind for retirement investors . Solar panels , LED lighting , and water storage solutions should all factor in the decision .
2 . Security
Safety and security are always key deciders for property investment in South Africa which is why security estates are a popular choice for retirees . Considerations should include electric fencing , 24-hour access control , CCTV cameras , and emergency response .
3 . Active lifestyle
With retirees living longer , it ’ s important to think about the opportunities for active living when investing . Gyms , swimming pools , hiking and biking trails , tennis courts , bowling greens and volleyball fields are all some of the facilities that are attractive to retirees .
4 . Natural spaces
The mental and physical benefits of the natural world are well-documented , and connecting with nature in retirement is becoming increasingly important . Nature reserves for hiking and bird watching , dams and lakes for
112 FEB 2023 SA Real Estate Investor Magazine