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“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, managing director of Acutts Real Estate and head of marketing and sales at Renishaw Hills.
“These are also great from an investment viewpoint as apartments are easy to rent out because of the growing demand for more simplistic living. We do advise that retirees consider certain factors when they’re investing in an estate-based apartment to ensure they’re getting the golden years.” However, before making such an investment decision, here are seven questions retirees should ask before investing in estate apartments:
This can also be used as an office for those semi-retirees, and also makes for an apartment that is 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.
Renishaw Hills, the secure retirement estate on the KZN Mid-South Coast ticks all the right boxes for apartment living for retirees. This Scottburgh-based estate has just launched 16 apartment units which are selling for under R2m. These two-bedroom, two-bathroom apartments do not have stairs, with each apartment enjoying its own view. The eight front-row apartments have a garage, while the back eight-row have undercover parking.