 Win your share of 5 million rand get a home loan and get one entry open a netbank account Move your salary and you'll get another 10 entries simply down star 120 star 762 hash to enter make things happen netbank Instead living is not only a sought-after way of living but has become quite popular and it generally comes with a lot of safety We have Tim Akinusi with us in the loft who's the head of sales and client value management at netbank home loans to help guide us through buying into a state living welcome back to him. Thank you. So A state living has become quite appealing. Why is that? Yes, I think over the last 10 to 15 years you've seen a lot more developers build homes in a in a clustered fashion So as a result of that it's become very appealing for new entrants into the market Yeah, yeah, so a lot of people will choose a home in an estate as their secondary or primary home Is this financial or is it more lifestyle choice? I think it's both from a financial standpoint being able to buy into an estate especially a brand-new one you you get to be spare the cost of transfer cost and Registration costs so it's a bundle option that people would would then you know buy into from a lifestyle standpoint you find in more and more entrants into the home loan or Housing market in essence Would be choosing a state living as the preferred option to go into yeah And one of the benefits of living in an estate is feeling like you're part of a community And I'm sure among many other benefits. What are some of the challenges of living in an estate? So there are some pros and cons with it, and I think from the challenges side of it I would say that being in the state you need to contend with the fact that you are in a community and you're part of a community So a lot of the times you are not very Flexible in terms of how you want to design your house because it's all part of a uniform approach to doing things You would also be subjected to Levy costs that are being set by the body corporate which you as a homeowner would be part of so again That's an added cost that you would need to factor into your monthly expenses Thirdly, there are a lot more rules that you'd need to abide by because you're now part of a community So I'm a lot less of an opportunity to kind of set your own standards, etc So Tim as a bank, do you have a bias towards a state living or standalone homes? It's a good question Bonnie. We absolutely don't have a bias if you choose to buy in an estate or in a standalone Environment to be proud to finance your home Provided that the valuations are correct in terms of the value of the place and that you can afford it So the question of whether or not you want to live in a standalone or an estate is really down to your Individual personal preference in terms of the things that are important to you as a homeowner Thank you so much Tim. That was very insightful So a state living is exciting and offers a lifestyle that is both enjoyable and safe You can get all the information you might need to make this move for more information visit www.netbank.co.z forward slash home loans for more information Win your share of five million rand get a home loan and get one entry open a net bank account Move your salary and you'll get another 10 entries simply down star 120 stars 7 6 2 hash to enter make things happen netbank