The popularity of gated communities – and especially estates – has grown steadily over the past few years, thanks to the added security that they offer homeowners.
The popularity of gated communities – and especially estates – has grown steadily in South Africa, thanks to the added security that they offer homeowners.
Property developers have also responded to the social and lifestyle changes of recent times, and are now not only creating new estates again but offering a wider range of property types within single estates, Kotzé said. He added that prospective buyers should ask the sellers’ agent for copies of the following, and read them before signing any offer to purchase:
A list of the current HOA directors and their roles, so that you would know who to approach if there was a particular problem – with security, for example, or with property maintenance. The current HOA insurance policy showing that the insurance on all communal parts of the estate is comprehensive and that the premiums are up to date.
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