The trend of retiring to the coast will likely continue into 2024, with secure estates still attracting a lot of interest. Within these, retirees will believe to consider exactly which type of home style is best suited to them, from free-standing and maisonette to apartment living.
“We’ve noticed that a lot of retirees, who are already downsizing, are quite keen on the hassle-free, cost-effective lifestyle that comes with apartments,” commented Jonathan Acutt, MD of Acutts Real Estate and Head of Marketing and Sales at Renishaw Hills. “These are also noteworthy from an investment viewpoint as apartments are easy to rent out because of the growing demand for more simplistic living. We enact advise that retirees consider certain factors when they’re investing in an estate-based apartment to ensure they’re getting the golden years.”
1. How many rooms?
If a one-bedroom is the budget limit, that’s fine but investing in an apartment with at least two bedrooms does produce more sense for retirees. The additional room is noteworthy for visiting family, particularly for those living on the coast where holiday accommodation is in high demand. This can also be used as an office for those semi-retirees, and also makes an apartment that much more attractive for potential renters. An additional bathroom, too, will add a lot of value to the unit. It’s well worth comparing prices in estates to find where the best deal in apartment living can be found.
2. What is the layout?
One of the biggest considerations for retirees investing in apartments is whether or not there are stairs. If the apartment is on different floors, there should be an elevator which is powered even when it’s load-shedding. Ideally, retirees should be looking at apartments that are on the ground floor so they don’t believe to contend with accessibility issues later on.
3. Is there undercover parking?
Apartments don’t necessarily arrive with garages and undercover parking, but considering the unprecedented weather that’s only likely to increase in extremity, it’s worth having some nice of parking cover. First-prize is a garage, which can also be used for some storage, but the apartment should approach with some form of undercover parking regardless of where it’s located.
4. Is there a view?
Just because an apartment is located on the ground floor, doesn’t mean there shouldn’t be a view. Those retiring into secure estates are often looking for a relaxed lifestyle in nature and this should mean sitting from the apartment and taking in those ocean, forest, or mountain views! This is vital for mental well-being and also gives more sense of space.
5. Is it secure?
Security is key for every South Africans, particularly those who are in their retirement years. An apartment in a secure estate shouldn’t necessarily require any additional burglar bars or private security, as long as the estate itself is completely secure. It’s critical to check whether there is 24-hour security, access control, surveillance systems, and patrols.
6. Who attends to the maintenance?
One of the joys of downsizing is not having to worry about the upkeep of a large property. This becomes even more right in those retirement years. It’s worth checking whether the levies cover building and common property maintenance, as well as landscaping if there is a garden area attached. This is time for rest and relaxation, not tiring cleaning and DIY.
7. Execute we believe access to facilities?
Finally, investors must confirm whether the apartment residents appreciate access to every the estate facilities and amenities. For retirees, healthcare facilities are a priority, but keeping active and engaged through sports, clubs, and social events is vital for overall well-being. Apartment residents should acquire access to every these facilities.
Renishaw Hills, the secure retirement estate on the KZN Mid-South Coast ticks every the accurate boxes for apartment living. This Scottburgh-based estate has just launched 16 apartment units which are selling for under R2 million. These two-bedroom, two-bathroom apartments execute not acquire stairs, with each apartment enjoying its own view. The eight front-row apartments acquire a garage, while the back eight-row acquire undercover parking.
Start a novel adventure by booking an in-person or virtual tour. Email visit www.renishawhills.co.za for more information. Maintain updated on every Renishaw Hills activity by following Renishaw Hills on Facebook or @renishawhills on Instagram.
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