Evergreen’s fixed levies for life: The ultimate in financial peace-of-mind
The South African economy has been facing intense pressure, with inflation, interest rates, and the cost of living at an all-time high. This has placed a heavy financial burden on retirees, particularly those living on fixed annuity incomes, and modest pensions.
To ease this burden, Evergreen Lifestyle has introduced Fixed Levies for Life at its newest retirement village in Sitari Country Estate, outside Somerset West.
“The prospect of unpredictable, escalating expenses later in life is understandably daunting for those with limited disposable income or insufficient retirement savings,” says Phil Wilson, Sales Director for Evergreen Lifestyle. “For many retirees, rising annual levies, inflation-linked adjustments, and special levies can make the difference between staying afloat or going under, which is why we’ve set out to reduce financial uncertainty by fixing as many of our costs, as possible.”
With Fixed Levies for Life at Evergreen Sitari, residents can be assured that the levy they pay when they move in is the same amount they’ll pay as long as they remain in the village. This fixed rate enables them to budget confidently for the future and enjoy meaningful savings over time.
Over and above Fixed Levies for Life, residents at Evergreen Sitari also benefit from knowing, from the outset, exactly what their capital return, sales commission, and refurbishment costs will be. With complete transparency, there’s no guesswork and no surprises on termination of their Life Right.
Aside from living costs, the only variable expenses at Evergreen Sitari are for municipal services like rates, water, and electricity – and even here, Evergreen has kept costs to a minimum by designing fit-for-purpose homes that deliver comfort, convenience, and cost efficiency while reducing utility costs through energy-saving appliances and lighting.
This innovative approach aligns with the international concept of “hotelification” in retirement, which prioritises beautifully designed communal spaces and high-quality recreational, leisure, and outdoor facilities that bring residents together in a vibrant, social environment.
Evergreen’s commitment to making retirement more affordable to a wider sector of the population is further strengthened through their Flexible Pricing model, which offers up to 20% off the purchase price along with a corresponding adjustment to the capital returned on termination of the Life Right.
“The combination of Flexible Pricing and Fixed Levies for Life at Evergreen Sitari makes for a highly compelling value proposition,” says Wilson. “To put things into perspective, one can acquire a 1- bedroom apartment with a list price of R1.1m for just R880,000, with a fixed monthly levy of R2,500 providing that the purchaser is aged 70+.”
Evergreen’s suite of cost-saving innovations also includes Rent-to-Own, Move-in-Tomorrow, and Try-before-you-Buy. These are made possible through the Group’s prudent financial management, proven track record, strong balance sheet built up over 16 years, and sound shareholder backing.
“At Evergreen, we believe that a happy, healthy, and financially secure retirement shouldn’t be reserved for the super-rich” Wilson concludes. “Everyone deserves to enjoy their golden years free from stress, which is why delivering financial peace-of-mind lies at the heart of everything we do. When you buy into an Evergreen village, you get both a home – and a partner – for life.”
To book a private viewing – either for yourself or for your parents – please contact Lindsay Michael on 087 808-7000, email [email protected] or visit www.evergreenlifestyle.co.za
About Evergreen Lifestyle
Founded in Cape Town in 2008, Evergreen Lifestyle is recognized as South Africa’s leading provider of retirement accommodation. With a vision to reshape the retirement landscape, Evergreen offers a Partnership for Life based on five key pillars: Safety & Security, Financial Peace-of-Mind, Continuous Care, Exceptional Hospitality, and a Sense of Community. The Group currently operates eight villages across the Western Cape and Gauteng, with plans to expand into the Eastern Cape and KwaZulu-Natal.
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