WHERE SHOULD YOU DROP ANCHOR?
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PICTURE: EMMANUEL CODDEN / PEXELS 360 PROPERTY THE RETIREMENT ISSUE
PAGE
Your retirement options
WHAT ARE RETIREES DOING WITH THEIR SPARE TIME THESE DAYS?
RETIREES are allocating, on average, 9.45 of their extra hours each week to leisure activities such as travel, recreation, reading and socialising, according to an American Bureau of Labor Statistics (BLS) study.
Most of that time (5.42 hours to be exact) is spent watching television. The rest is spent on things such as relaxing (about an hour), socialising (44 minutes) and activities such as travel (3.6 minutes).
One of the reasons people aren’t pursuing bigger retirement dreams is that they are entering retirement financially unprepared and without a clear idea of what they want to do.
In South Africa, more elderly have also been pushed into the role of main caregiver for their grandchildren as their children need to have two-income homes to keep up with the cost-of-living crisis.
This may see any leisure time taken up with caregiving, and while being a grandparent is a joy, a full-time caregiving role can be emotionally and physically taxing.
Ways to avoid the television retirement strategy:
Save enough Work with a trusted adviser to make sure you are on track to save enough to fund the type of retirement you want. For many South Africans, whose savings are minimal and who live hand to mouth, the savings luxury is not that easy.
Simplify Do everything you can to simplify, condense, consolidate, minimise or outsource the maintenance and admin of your life, so you can be free to spend time focusing on milestones.
Have specific plans It’s easy to fall into a routine that doesn’t look much different from your working years, so ensure you have a basic plan in place. Schedule some fun and enjoyment into your days, take courses or even start a new career
Retire to something, not from something Retiring to pursue things that you are passionate about is a recipe for meaning and fulfilment – you can even begin studying something new
Set boundaries Let your family know that although you have more free time, there are limits to the availability you can give them. If you choose, for instance, to be a full-time carer for your grandchildren, set boundaries that see you also having time to enjoy your golden years doing other things. After all, you’ve had your childbearing years.
5 REASONS TO INVEST IN A RETIREMENT VILLAGE
MATURE lifestyle estates provide a worthwhile long-term investment, says Jonathan Acutt, the managing director of Acutts Real Estate.
His top 5 reasons to become an investor in this property sector are
1. Security and lifestyle
The demand for safe and secure living plus other added benefits make it appealing for renters who want the convenience of a lock-up-and-go lifestyle without the added expenses.
2. Rental income
When investing in a retirement estate at a young age, the investment potential is increased through rental opportunities.
Rental income generated through a retirement property must be in line with – or higher than – the rate of inflation.
Acutt explains that an estate like Renishaw Hills on the KZN Mid-South Coast has shown remarkable rental returns.
3. Great resale value
Potential investors are also encouraged to assess the sales of similar surrounding properties over
Oasis Life: a new paradigm in luxury senior living
SINCE 2018 , Oasis Life communities have thrived, starting with the first retirement village at Clara Anna Fontein in Durbanville and, subsequently, at Burgundy Estate, adjoining the historic De Grendel farm.
Oasis Life Constantia, Rabie’s third secure retirement estate, launched in the beautiful southern suburbs of the Western Cape earlier this year and will soon be joined by the fourth launch of Oasis Life, rising from the banks of Ratanga Park in Century City, located close to Cape Town’s city centre.
Oasis Life Century City is set to launch in the last quarter of 2023, and the first phase will comprise 60 apartments.
“We have had an incredible response to Oasis Life Constantia, says Mariska Auret, a director at Rabie Property Group. “We are 70% sold out and are blown away by the serious interest, which is proof that this is an enviable address for a fantastic retirement lifestyle.
and a lock-up-and-go lifestyle, the location is conveniently close to the airport too.
Setting a new standard for retirement, Oasis Life estates provide a variety of activities, amenities and facilities to choose from. The Oasis Life lifestyle promise is underpinned by our leadership and team’s experience in hospitality to ensure residents enjoy a healthy, resort-like lifestyle. All staff are trained to hotel industry standards.
“Retiring at Oasis Life is a lifestyle choice,” says Glyn Taylor, Oasis Life’s recently appointed
standard Oasis Life features include beautiful indigenous landscaping and contemporary architecture with luxurious interior design finishes. Each home offers age-tailored design and 24-hour gated security.
Oasis Life Constantia will feature 46 free-standing homes and 70 apartments, and is petfriendly. Oasis Life Century City will offer modern apartment living with unbeatable views. At the heart of each Oasis Life is a lifestyle and fitness centre with world-class amenities that are expertly run.
the past few years to better gauge the resale value.
4 Generational legacy
Buying a retirement property as an investment allows investors to generate an income without selling the property, thereby building a legacy for their families.
A good property portfolio has the potential to provide significant financial stability for the heirs.
5. Peace of mind
Retirement plans are often left too late, and when it comes to finding a suitable home, there might be insufficient housing stock or the prices are simply too high.
By investing in a retirement property early, there’s time to do due diligence, research the market, and find a quality investment that can be paid off over time.
The estate is surrounded by abundant greenery and parks for an active outdoor lifestyle, as well as several world-class shopping destinations and Constantiaberg Mediclinic.
Oasis Life Constantia is selling off-plan, and estimated occupation will take place from October 2024 to March 2025.
Situated on the edge of the tranquil Ratanga Park with its walkways, canals and large water body, Oasis Life Century City will offer residents the serenity of a retirement sanctuary and the convenience of being near a bustling and established mixed-use precinct. From golf courses and fitness centres to shopping districts and restaurants, there is something to suit every taste and interest, all within easy reach
For those who enjoy travel
CEO. We understand the desire for retirees to maintain their independence and live in a vibrant community that offers stylish living, convenience, security and modern luxuries.”
Rabie Property Group’s
Due to limited availability and overwhelming demand, early registration is recommended.
To learn more about Oasis Life’s developments, visit the website at www.oasislife.co.za or email info@oasislife.co.za.
2 28 JULY 2023
RETIREMENT LIVING
PICTURE: CLAY BANKS / UNSPLASH
PICTURE: JOEY NICOTRA / UNSPLASH
OASIS LIFE CENTURY CITY
OASIS LIFE CONSTANTIA APARTMENTS
Where to go when you retire
Forget, those depressing old-age homes where old people were sent to die. Today, retirement homes are vibrant places where people enjoy new careers, new friendships and, sometimes, even new love.
BY VIVIAN WARBY
BOTH MY PARENTS wanted to live in the home they’d shared for their whole married life –which was well over 60 years when they died.
Aging in place was a thing for them. They refused to move in with any of their children or go to a retirement village, both wanting their independence and to die at home – something mom got right and dad almost did.
Staying in your home is a good option for those who are relatively independent or who can get the level of help they need.
However, it isn’t for everyone.
Aging in place requires, for instance, in-home caregivers, cleaning services, meal delivery and other such things to help with the various activities of daily living.
You may also need simple home modifications and repairs to make the homes safer, including wheelchair ramps, bathroom grab bars and a medical alert system.
You would also need caregivers, family and friends on call. My parents’ home was an open house right up until the doors closed when my dad died shortly after my mom, so the community, wonderful caregivers, friends and my siblings were available at all times.
On the downside, we worried about my ultra-independent dad when mom died.
However, up to the age of 92, when he died, dad was able to enjoy his front porch, watch his fig tree bear fruit one last time and welcome us to his table.
However, for those looking to maintain independence without the
isolation, various options are available.
We explore some alternatives:
Shared housing, cohousing and multigenerational homes: For those who can remember, think Golden Girls. The shared housing options appeal to those hoping to avoid the high costs of assisted living for as long as possible.
Monthly expenses are cut and household chores are shared. Plus you have instant companionship if you need it. While you gain big on saving money, you do lose out on privacy.
Multigenerational homes can be wonderful as the grandparents can assist with your kids and later, your kids can assist with the grandparents. It’s cost cutting, however, privacy is lost and like sharing digs with friends, rules need to be set.
Who’s it good for? Those wanting to keep costs down and enjoy independent living for as long as possible but also have companionship and shared costs. Also, the latest 55-plus generation is one of the first generations who had the option of not having children, so may not have family in old age, so a family created from friends living together is a great option.
Relative cost? Low to medium if the accommodation is paid off, but will need the usual upkeep, and can require more help from family and friends.
Despite having the support of your family and community, you may eventually decide to leave your home. Recent changes in retirement living have made the transition more appealing than it once was.
With people today living to 120, 80 is becoming the new middle age and so, retirement living has had to adapt to ensure it caters to the changing landscape.
The Senior List explains the types of living options:
Independent living
What is it? Any housing designed exclusively for those over 55, usually including retirement communities and villages, and retirement homes. Who is it good for? Those who want to live in an active community setting and be relatively independent. Retirement communities are a popular option because you can socialise with your peers, participate in community activities and excursions, and gain access to a social support network outside your immediate family.
How does it work? People of similar age live together in a community that provides opportunities for socialising. In general, the housing is more compact, easier to navigate and includes help with outdoor maintenance.
Relative cost? Medium to high, depending on location and services.
Continuing care retirement community (CCRC)
What is it? The communities are partindependent living, part-assisted living, and a part skilled nursing facility. Who is it good for? If you want to live in one location for the rest of your life and don’t want to worry about arranging for future care needs. They’re also good for spouses who want to live close to each other even if one requires a higher level of care.
How does it work? Residents can start out living in the independent living section and move to various parts of the same community as they need increasing
levels of care.
Relative cost? High. CCRCs are one of the most expensive of all long-termcare options.
Assisted-living community
What is it? An assisted-living community typically consists of small apartments in a care community. There’s a wide range of services across different care communities.
Who is it good for? Older adults who can live somewhat independently but require some assistance. Some communities do offer higher levels of care, and dementia care is growing as the disease continues to increase.
How does it work? Typical services include staff available 24 hours a day, meals, medication management, bathing, dressing, housekeeping and transportation. Most facilities have a group dining area and common areas for social and recreational activities.
Relative cost? High. Costs vary according to the level of daily help required and the type of living space.
Nursing home
What is it? This option is if you need 24-hour supervised care, with meals, activities and health management.
Who is it good for? If you have severe or debilitating physical or mental illnesses and are unable to care for yourself.
How does it work? A licensed doctor supervises each resident’s care and a nurse or other medical professional is almost always on the premises. Some facilities have physical and occupational therapists on staff.
Relative cost? High. Costs vary according to the level of daily help required and the type of living space.
The fact is, as you age you have options. Not everyone is doomed to a life of needing constant care. However, if you do need it, there are places that provide it. And there are options to suit every pocket.
Why shouldn’t the next part of your life be the best part of your life?
3 28 JULY 2023 DISCLAIMER: The publisher and editor of this magazine give no warranties, guarantees or assurances and make no representations regarding any goods or services advertised within this edition. Copyright Independent Media. All rights reserved. No portion of this publication may be reproduced in any form without prior written consent from Independent Media. The publishers are not responsible for any unsolicited material. Publisher Independent Media Executive editor Vivian Warby vivian.warby@inl.co.za Design Kim Stone kim.stone@inl.co.za SEE US ALSO WEEKLY IN THE
Not everyone is doomed to a life of either isolation or constant care – there are a variety of options
A multigenerational retirement option can be a win-win situation for retirees. Granparents can assist with kids, and there is also the cost-cutting factor.
PICT URE: RAY BILCLIFF/PEXELS
4 28 JULY 2023 PICTURE: PETER JAN RIJPKEMA / UNSPLASH TO ADVERTISE IN KWAZULU-NATAL Sherine Budhram 0 84 460 7295 sherine.budhram@inl.co.za Antoinette Gilbert 083 793 5382 TO ADVERTISE IN WESTERN CAPE Abigail Wilmot 083 212 1141 abigail.wilmot@inl.co.za antoinette.gilbert@inl.co.za TO ADVERTISE IN GAUTENG National Listings
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6 28 JULY 2023
LIVE WITH US
CONTACT US: sales@nobleresorts.co.za | (010) 612 6060
ON SALE NOW MOVE IN DEC 2023
Noble Resorts is the ultimate resort-style later-life living in the Western Cape.
*Pictures may differ from product
7 28 JULY 2023
8 28 JULY 2023
FOR SALE
R 1 295 000
2 BEDROOMS | 2 BATHROOMS
SPACIOUS APARTMENT IN DIEP RIVER.
2 bedroom 2 bathroom apartment in Clarewood, Diep River, a short walk to the station, Martins Bakery and other local amenities, above the railway line.
• Fitted kitchen with electric oven, hob and extractor and plumbing for washing machine.
• Open-plan lounge with parquet flooring
•Two double bedrooms with an en-suite bathroom complete with bath and shower. • Covered Parking bay. • Prepaid electricity
ERF: 1471m2 | HOME: 70m2 | RATES: R 450 p/m | LEVIES: R 1500 p/m
PLEASE CONTACT: Collin Mbiriri on 071 879 8564 or email cmbiriri@gmail.com or mmnyandoro@gmail.com
9 28 JULY 2023
PRIVATE
SALE
10 28 JULY 2023 V&A WATERFRONT - R37.5 MILLION SUPERB AND STYLISH CORNER APARTMENT WITH VIEWS This remarkable corner apartment is located at the idyllic tip of the Yacht Basin, adjacent to The One & Only hotel, offering a truly luxurious living experience. This superb and stylish 3 bed apartment offers an exceptional living space with unmatched views, modern amenities, and prime access to prominent locations. Its spacious layout and high-end features make it an ideal choice for those seeking luxury living in a spectacular setting. Excellent security and 2 parking bays EXCITING NEW RELEASE Web Ref: RL12799 ALEXA HORNE 083 349 779 SOUTHERN SUBURBS 021 671 0258 Registered with the PPRA FFC No. 1201365 CONSTANTIA - R35 MILLION MAJESTIC & PRIVATE HOME IN CONSTANTIA This exceptional home is set on 8095m2 in a very desirable pocket of Upper Constantia. The beautifully landscaped and well-established garden is complete with a recently resurfaced tennis court, large sparkling swimming pool and a borehole which is linked to the home. The house is surrounded by mature trees which creates a private haven. Whilst you are not aware of any neighbours, the views are uninterrupted and magnificent Web Ref: RL12788 dogongroup.com A visionary company with decades of experience EXCITING NEW RELEASE NATACHA NEUBURGER 083 449 9933 URSULA THOMPSON 082 371 5802 Registered with the PPRA - FFC No. 1142162 Registered with the PPRA FFC No. 1223116
11 28 JULY 2023 ADRIEN 083 455 5661 KEAGAN 082 902 8202 Registered with the PPRA - FFC No. 1134600 Registered with the PPRA - FFC No. 1218074 LIVE. LIKE NO-ONE ELSE Brand new ultra-luxury development located high-up on the slopes of Signal Hill with sweeping views of the ocean the Atlantic Seaboard . VAT Incl. - No Transfer Duty THE ESTATE SEA POINT - FROM R22.995 MILLION Web Ref: ND78 PAUL 071 610 8088 KEAGAN 082 902 8202 Registered with the PPRA - FFC No. 0525859 Registered with the PPRA FFC No. 1218074 INSPIRATION EXCITES Clarens is the epitome of style, bringing a fresh elegance and understated luxury to the residential market. VAT Incl. - No Transfer Duty CLARENS FRESNAYE - FROM R3.79 MILLION Web Ref: ND23 NEW RELEASE EXQUISITELY RENOVATED GARDEN-LIKE APARTMENT Exquisitely renovated ground floor garden-like apartment offers a luxurious & sophisticated living environment with beautiful views, as well as a harmonious flow V&A WATERFRONT - R12.5 MILLION Web Ref: RL12798 NATACHA 083 449 9933 URSULA 082 371 5803 Registered with the PPRA - FFC No. 1142162 Registered with the PPRA FFC No. 1223116 JARVIS CHARM Welcome to your urban oasis in the heart of De Waterkant, Cape Town This delightful 2 bed, 2 bath gem beckons with modern charm and endless appeal DE WATERKANT - R5.75 MILLION Web Ref: RL12792 KEITH 083 540 5033 DAVYD 082 468 9198 Registered with the PPRA - FFC No. 0371868 Registered with the PPRA - FFC No. 1241255 GEOFFREY WHYTE 072 275 0830 Registered with the PPRA FFC No. 1198017 NEW RELEASE PERFECT LOCATION-MODERN & READY TO MOVE IN Introducing a charming 2 bed, 2 bath residence situated in a new building on Main Road, Green Point. Additionally, residents can indulge in the views from the pool deck GREEN POINT - R5.545 MILLION Web Ref: RL12680 NEW RELEASE EXCLUSIVE TONY BREDENKAMP 083 602 6113 Registered with the PPRA FFC No. 0373080 STUDIO IN HISTORICAL MANOR HOUSE Step inside and be captivated by the unique blend of original wooden floors. Welcome to a world of refined luxury. Excellent security and 1 parking bay CLAREMONT UPPER - R2.95 M (VAT INCL. - NO TRANSFER DUTY) Web Ref: RL12796 PAUL UPTON 071 610 8088 Registered with the PPRA FFC No. 0525859 LANA HOLT 071 035 9458 Registered with the PPRA FFC No. 0538512 BEACHFRONT RETREAT This 2 bed gem presents an exciting opportunity for those seeking to create their ideal seaside sanctuary. While it requires some TLC, the possibilities are endless. 1 P/bay SEA POINT - R4.85 MILLION Web Ref: RL12789 PERFECT LIFESTYLE Nestled in a little lane in sought-after Chelsea Village this sunny townhouse certainly has that “WOW” factor. Incudes fitted study, 2 secure parking bays & great security WYNBERG UPPER - R3.85 MILLION Web Ref: RL12794 NEW RELEASE A STATEMENT OF EXCELLENCE Ideal for those seeking modern luxury, vibrancy & seclusion, this sophisticated design offers endless lifestyle advantages. VAT Incl. - No Transfer Duty 26 DE LONGUEVILLE FRESNAYE - FROM R13.25 MILLION Web Ref: ND51 A visionary company with decades of experience Rentals 021 433 2580 CHOICE SELECTION OF CAPE TOWN’S DEVELOPMENTS NEW RELEASE JAMES 082 485 2702 KEAGAN 082 902 8202 Registered with the PPRA - FFC No. 0485176 Registered with the PPRA - FFC No. 1218074 NEW RELEASE TWIN TOWNHOUSES - ENDLESS POSSIBILITY This symmetrical masterpiece boasts a remarkable 6 bedrooms, 6 bathrooms and 2 double garages, with awe-inspiring views of Cape Town’s captivating harbour and the stunning city skyline. Essentially this property is made up of two symmetrical townhouses. Giving you the option to live, rent or Airbnb DE WATERKANT - R14 MILLION Web Ref: RL12791 NEW RELEASE KEITH ANDERSON 083 540 5033 DAVYD BRUSSOW 082 468 9198 Registered with the PPRA FFC No. 0371868 Registered with the PPRA FFC No. 1241255 KEITH 083 540 5033 DAVYD 082 468 9198 Registered with the PPRA FFC No. 0371868 Registered with the PPRA FFC No. 1241255 CONVERTED CHURCH-VERSATILE LOFT LIVING Discover a truly exceptional property with a captivating history. This former church with its charming exterior, now embraces a world of versatility & opportunity WOODSTOCK - R9.5 MILLION Web Ref: RL12793 EXCLUSIVE NEW RELEASE
12 28 JULY 2023
AGENTS’ DIRECTORY
DOGON GROUP PROPERTIES
Atlantic Seaboard Office 021 433 2580
thekings@dogongroup.com
www.dogongroup.com
RHONDA RAAD PROPERTIES
Cape Town Office 082 448 7795
Email: rrpsales@mweb.co.za
www.rhondaraadproperties.co.za
ASKA PROPERTY GROUP
Sandown, Milnerton Estates Office 071 604 8493
Email: corlia@aska.co.za
www.askaproperty.co.za
DOGON GROUP RENTALS
Sea Point Office 021 433 2580
enquiries@dogongroup.com www.dogongroup.com
DE PLATTEKLOOF
Cape Town 060 960 0100
Email: live@deplattekloof.co.za
www.deplattekloof.co.za
IRENE PORTER PROPERTIES
Simon’s Town Office 021 786 3947
Debbie 073 140 2543
www.ireneporterproperties.co.za
DOGON GROUP PROPERTIES
Southern Suburbs, Claremont Office 021 671 0258
southernsuburbs@dogongroup.com
www.dogongroup.com
PETER MASKELL AUCTIONEERS
KZN
Office: 033 397 1190
Email: info@maskell.co.za
www.bidlive.maskell.co.za
MURAMBI HOUSE
Wynberg Office
murambihouse@telkomsa.net
www.murambi.co.za
Address:
DOGON GROUP PROPERTIES
Western Seaboard Office: 021 556 5600 or 021 433 2580
enquiries@dogongroup.com
www.dogongroup.com
VAN’S AUCTIONEERS
Gauteng Office 086 111 8267
www.vansauctions.co.za
13 28 JULY 2023 PROPERTY 360
Murambi House We have a dedicated care of our people WE OFFER THE Private Rooms • Frail Care Centre • Alzheimers & Dementia • Fully equipped • 24 Hour Professional • Three fully prepared • Laundry, Daily Activities as arranged Tuckshop available Landscape Garden Water feature All our facilities NEW easily
Cnr Langley Road & Wellington Avenue, Wynberg,
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