Buying off plan: What one should know
Buying a home is always an exciting experience, but it’s not always a matter of searching the websites and property supplements, viewing flats or houses and making a decision based on the asking price. There is another option: buying a brand-new home off-plan directly from a developer – in other words, before it has been […]
Baby boomers and trends in retirements
Baby boomers and trends in retirement The Baby Boomer generation, comprising most of today’s grandparents, are challenging the stereotypes of retirement, grand-parenting, and what type of home they are likely to live in as they age. Born between 1946 and 1964, these are the people who were responsible for space exploration, PCs, Pac-Man and the […]
Retirement and Investing
3 key factors contribute to the quality of life at retirement: sound financial resources, good health and social interactions. Most retired investors face the dilemma of either maintaining a certain lifestyle or adjusting it in order to preserve their savings and income producing capital base. Typically, the more income one draws and spends today, the […]
Retirement trends in South Africa
A factor affecting retirement worldwide is longevity. Globally, the average life expectancy has, since 2005, increased by 5 years and the mature, over 60 group has been the fastest growing population group over the past decade. Retirement savings and funding is now often not sufficient to cover the costs of keeping retirees in the standard […]
Buying a property off-plan and occupational rental
Off-plan property developments have become popular with property purchasers. Buyers choose their properties from plans, elevations and computer graphics, and must exercise their imaginations to envisage the final units. There is a small element of risk attached to buying off-plan, and units are usually offered at low prices to reduce risk. As the project nears […]
Retirement and investing in retirement developments
There is a major shift in the lifestyle, social and housing needs of todays over 50’s. With advances in science and medicine – living to 100 is becoming more likely. The way people are approaching this change is delayed retirement – where people aged 65+ are extending their careers, and active ageing – where over […]
Heritage Estate, the development and transfer process
The delays experienced at Heritage Estate in the development and transfer process have been unfortunate and are in the process of being concluded. There were many preliminary procedures which, despite the Developer expecting them to have been completed prior to commencement of sales, still needed to be processed and resolved. The rates clearance certificate from […]
Heritage Estate – Conduct Rules
Adapting to the Sectional Title way of life may be challenging for those who have lived in freehold homes. For the benefit and convenience of all, in the interests of harmony among residents and to promote and safeguard a specific way of life which Heritage Estate offers, it is essential that rules are in place […]
Introduction to sectional title
SECTIONAL TITLE – SOME BRIEF EXPLANATIONS WHAT IS SECTIONAL TITLE? A Sectional Title development scheme (usually referred to as a ‘scheme’) provides for separate ownership of a property by individuals. These schemes fall under the control of the Sectional Title Act. No. 95 of 1986 (As revised), The Sectional Titles Management Scheme Act 8 of […]
Heritage Association and Heritage House
Heritage Association and Heritage House Provincial heritage resources authority’ or ‘PHRA’ is the term used by the National Heritage Resources Act to describe an authority responsible for management of the ‘national estate’ in a province. The Act establishes 3 grades of heritage resource which broadly indicate significance at national, provincial and local level. The national […]