RETIREMENT PROPERTIES
5 . What costs will I need to budget for ?
All properties come with monthly bills . Freehold properties have rates , water , electricity and sanitation services , and sectional title properties add levies to that list as well .
“ Retirement communities often have much higher levies to pay for value-adding services like social clubs , healthcare and communal dining , for example ,” says Jacobs . “ You ’ ll need to weigh up the value these might add to your life to figure out if they ’ re worthwhile for you .”
Jacobs also cautions buyers to make certain they understand the full implication of any life rights conditions that may apply to retirement properties .
6 . Are there any restrictions that may impact my freedom ?
Your retirement should be a time to enjoy life ’ s pleasures , not a time to be limited in what you can and can ’ t do .
“ If you ’ re buying into a sectional title development , in particular , you ’ re going to want to read the code of conduct to check any restrictions ,” says Jacobs . “ A lot of places may not be pet friendly , for instance , which would be a dealbreaker for fur parents . Ultimately , your chosen property needs to support your ideal lifestyle as well as any activities – and cohabitants – that will bring
you joy .”
“ These can make a big difference to your estate , which may or may not factor into your decision ,” he says .
David Jacobs Gauteng Regional Sales Manager Rawson Property Group