Buying Off-Plan - KLE - Knysna Lifestyle Estate

The benefits of Buying Off-Plan

Let’s take a more detailed look at the freehold off-plan retirement homes we have on offer in the estate, including the costs of the homes, and the benefits of buying in an off-plan development.

What are off-plan properties?

To buy off-plan means to choose a home option from the plans created by the developers of an estate complex, that you will purchase and own in your own capacity. In Knysna Lifestyle Estate we offer various choices of home designs when it comes to buying off-plan property (otherwise referred to as freehold title units), namely two-bedroom and three-bedroom homes.

Two bedroom units

In Knysna Lifestyle Estate, the two-bedroom homes start at 144m² and either offer a single or double garage. The off-plan property options in the Estate range in price and are determined by factors such as house size, land size and position within the Estate.

Three bedroom units

Offering an extra bedroom, these homes offer double garages only and range in size depending on the choice of plan. The costs of these units range in size depending on the choice of plan.

How does buying off-plan work?

Once you’ve chosen the off-plan property for sale that suits you best, the next step is understanding how the payment structure for these types of homes works.

The payment structure for the Estate’s freehold title units

The payment structure is divided into four payments
34% to transfer the stand into one’s name (this will include an initial deposit on signature)
22% payable at floor slab level
22% at roof height with exterior walls plastered
The final 22% on completion of the home

Off-Plan Properties

What are the benefits of buying off-plan?

Buying off-plan in a retirement estate like Knysna Lifestyle Estate comes with a multitude of benefits.

Here are a few benefits when you buy off-plan:

You get to select the finishes of your choice.

As a freehold homeowner, you own the unit and therefore can sell it at any point in your retirement journey. The only fees you are eligible for on the re-sale of your unit is a 25% resale appreciation fee to the Homeowners’ Association towards the levy stabilisation fund, and any commissions due.

The external painting and basic garden maintenance of your home will be the responsibility (and for the cost) of the Homeowners Association.

You only pay for the Water and Electricity that you use and are not responsible for any additional water and electricity fees for the Estate as a whole.