SPONSORED | When considering a property purchase in your later years, you need to think about what is best suited to your lifestyle and retirement plans.
Nestled in KwaZulu-Natal's Salta Sibaya, the stunning Capri Village offers buyers a lifestyle that stands out from other retirement optionsImage:The retirement years are a time of ease: your health and the pace of life are top priority and deciding where you should spend them should be stress free.
The life rights practice is widely recognised abroad and is a popular avenue for long-term tenancy for people who live in the US, Australia and New Zealand. It’s still not a preferred method in SA, however, with many questions about its benefits. The biggest uncertainty with this option is what happens with the purchaser’s estate once they have passed away.
"Both options are likely to come with similar amenities, ranging from healthcare services to sporting facilities and social clubs. The biggest difference and perhaps the most important, is the financial implications of choosing a sectional title purchase over a life rights.” “Financial security is earned through years of hard work. It is a privilege to build equity and pass on a tangible asset to loved ones and dependents - especially one that is likely to grow in value due to location, desirability and market demand. With a life right, none of this is possible. We’re seeing many mature buyers investing in a lifelong home at Capri Village, even before they’re ready to live in it, and renting it until they decide to move in.
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