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Frequently Asked QuestionsWhat protection do I have, Should I decide to invest in Harveston? Are there any additional costs over and above the purchase price that I need to pay? What happens to my initial deposit? How is the monthly levy utilised? Do I still have to insure the contents of my unit? Won’t I be penalised for the wastage of electricity by other occupants? What happens if the unit has any defects? Are we allowed to bring our pets with? Are we allowed to make any changes to the unit? What if my children wish to assist me financially? Are there any restrictions on the number of guests staying over? How often will the levies be increased and by what amount? What happens should I decide to move? What will happen if I develop medical problems? How do we know that we are making the right decision? What investment options do I have when investing in Harveston?
Questions and AnswersWhat protection do I have, Should I decide to invest in Harveston? The ACT on Housing Development Schemes for Retired Persons, Act 65 of 1988 protects your investment. The title deed of Harveston is endorsed to comply with the requirements of the said Act, placing it under the jurisdiction and control of the legal process. Are there any additional costs over and above the purchase price that I need to pay? There are no Transfer fees payable! You have to pay a security deposit for electricity, water and post boxes. Your monthly levy as well as electricity and optional security will be payable by you. What happens to my initial deposit? It is paid into an account nominated by the Trustees and will incur interest. The interest earned is for your benefit. How is the monthly levy utilised? It is used to pay the following services:
Do I still have to insure the contents of my unit? Yes, the contents of the unit as well as damage to doors, windows, electrical and electronic equipment is the responsibility of the occupant. Won’t I be penalised for the wastage of electricity by other occupants? No, definitely not. The electricity of every unit is being measured individually. Therefore, you only pay for your own usage. The Developer will negotiate with the Council to provide pre-paid meters for electricity What happens if the unit has any defects? Any defect which is reported within 21 days from date of occupation will be fixed at no cost. The Developer will not be responsible for any defects on variations done by external contractors. Defects reported after the 21 days will be for the account of the resident and will be regarded as maintenance. Are we allowed to bring our pets with? Indeed! There is a great demand for a pet friendly village and the Developer has decided to allow ONE pet per household. You will still have to comply with the rules. Pets may not exceed a height of approximately 40 cm (fully grown adult small breed dog, cat, etc) and you can not replace them at all. You still have to obtain permission from the Developer or the Management Committee and the pets may not be of any nuisance to the other residents. You will also need to enclose your garden to contain your pet according to specifications at your own cost. Are we allowed to make any changes to the unit? Yes, with the permission of the Developer you may change the inside of your unit. Changes are restricted to a few logic changes. You need permission from the Management Committee or the Developer if you want to make changes to the outside of your unit and if the conditions of the alteration orders are met. What if my children wish to assist me financially? If a third party, for example your children, wishes to assist you financially, the agreement can be drafted in such a way that these funds can be paid directly to them at termination of the agreement. Are there any restrictions on the number of guests staying over? The ACT stipulates that only the registered Occupant(s) may reside in the unit permanently, provided that you are over 50 years of age. If you have visitors or your children want to visit you, you have to obtain permission from the Management Committee if they stay longer than 14 days. How often will the levies be increased and by what amount? You as a resident are actually responsible for determining the levy, because the levy will ensure that your unit is maintained. Increases of municipal services such as electricity, water, sewerage etc. is usually the only factor which may require an annual increase in levies. What happens should I decide to move? Notice must be given to the Village manager who will inform the Developer. Arrangements will, then be made in terms of your agreement to resell the unit and repay you your money. What will happen if I develop medical problems? The Village is five minutes’ drive from a hospital with a 24 hour emergency service, should you require urgent medical attention. At this point in time we are cautious to develop an in-house frail care unit, because it will put pressure on our levies. People who are ill are being handled externally at present or nursing care could be contracted. How do we know that we are making the right decision? The Belvedere Group has been in this business for many years and has a very good track record and most definitely offers the best value for money in comparison to other Villages in the area. The benefits associated with living in a community of people of the same age group are numerous. Harveston Retirement Village falls within the jurisdiction of the ACT. We want to encourage you to ensure that no matter where you plan to buy, such development is indeed covered by the said ACT. What investment options do I have when investing in Harveston? Depending on your age and risk profile you can choose between two options: LIFERIGHT This option will, on termination of the agreement, refund your initial capital amount. LIFERIGHT WITH PROFIT SHARING The capital that you invest will over time grow and you will receive 75% of the future resale of the property. This option does have some risk to consider but may render some growth on your investment. |
PricesSpecial! From R735 000Price List     
 Example of one of our Houses  Plan B2 |
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