Celebration Retirement Estate – You won’t find better value for money anywhere else
With the introduction of the Sectional Title Schemes Management Act Regulations in 2016, property experts warned that residents could expect an increase in their monthly levies of between 15% and 25%, to account for the requirement of the reserve and maintenance fund. The act furthermore makes provision for trustees to increase the monthly general levy, without notice to their body corporate, by a maximum of 10% each year. Add to that the special levy that can be charged, as and when required, the CSOS levy, rising electricity costs and currency fluctuations, and South Africans, especially retirees, are left in a precarious financial position.
But there is definitely a silver lining for retirees amid all this doom and gloom – that is if you’re smart and you do your homework before investing in your chosen retirement destination.
Doing retirement the right way
“The levies at Celebration Retirement Estate are very affordable compared to other options in the market,” says Gerrit Brandow, Central Developments’ director overseeing the Celebration project. “The scale advantage of close to 1,000 units in the estate results in each owner having to contribute less with regards to shared costs.
“Provision is already made for future escalations or unforeseen expenses through a reserve fund of 3.5% of the net sale price, to which an owner contributes only when the unit undergoes a change of ownership.”
- A 2.4m high perimeter wall with an electric fence
- Motion sensors
- 24-hour patrolling security guards
- A guard house with a CCTV system, and more.
For further peace of mind every resident has a mobile panic button in case of an emergency which is linked to the frail care facility as well as the guard house. Again, due to the scale advantage, these features ensure that the highest level of security is provided at a fraction of what it would otherwise cost.
On top of affordable levies and top-notch security, the Central Developments Property Group has brokered a favourable deal with Vodacom to provide Celebration’s residents with further savings in the form of true Fibre to the Home (FTTH). Residents will benefit from a full internal communication network for free. This is over and above fast, cheap and reliable internet, which they can tailor to suit their needs.
Sounds too good to be true, right? Central Developments Property Group says it is able to offer residents and investors these savings, due to two things:
The middlemen have been cut out – from breaking ground, to handing over to the management company once all units have been sold, the developer does everything in-house.
Economies of scale – with on average 35 projects run by the developer at any given time, it’s clear how it can offer such competitive prices.
Whether you are still working, or are one of the lucky ones that can enjoy the fruits of your labour by traveling to exotic places, you will be hard pressed to afford the same lifestyle and peace of mind you can buy at Celebration Retirement Estate.
Celebration Retirement Estate’s show house village will be open again from 8 January 2018 from 09h00 to 17h00, seven days a week. It is well worth a visit.
Or go to www.retirenow.co.za for more information.