How much do you pay for your flat levy?

Archer said:
It's called being single :p If I kept everything the same except my house and magically didn't have kids/wife I'd be able to put away... close to 40% of net (on top of what I already invest, which is ±28%). Probably more
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Eish.. forgot about the single savings lol
 
SaiyanZ said:
Actuarial field but still got a few exams. I have very few expenses as my vehicle was paid off 5 years ago. So there's just:

- Rent
- Vehicle insurance
- Internet bill
- Cellphone bill
- Food
- Petrol (not much as my round trip to work and back is about 4km)
- ad hoc expenses, going out, etc.

So my total monthly expenditure rarely exceeds R12k per month. I just save the rest.
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Nice man!
 
SaiyanZ said:
Actuarial field but still got a few exams. I have very few expenses as my vehicle was paid off 5 years ago. So there's just:

- Rent
- Vehicle insurance
- Internet bill
- Cellphone bill
- Food
- Petrol (not much as my round trip to work and back is about 4km)
- ad hoc expenses, going out, etc.

So my total monthly expenditure rarely exceeds R12k per month. I just save the rest.
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Doesn't take an actuary to work out your net then :)
 
SaiyanZ said:
Actuarial field but still got a few exams. I have very few expenses as my vehicle was paid off 5 years ago. So there's just:

- Rent
- Vehicle insurance
- Internet bill
- Cellphone bill
- Food
- Petrol (not much as my round trip to work and back is about 4km)
- ad hoc expenses, going out, etc.

So my total monthly expenditure rarely exceeds R12k per month. I just save the rest.
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Med.aid company sponsored?
 
Levy: R1344.58
Water: R330.48
CSOS: R15.88
Sewerage: R381.63


Electricity is separate. So in total its just over R2K. This for a 4 bed/2 bath/double closed garage townhouse in a complex with full time security guards that is face brick. Feels a bit steep but we are well funded and have not had a special levy in the 7 years I have lived there. That R5K seems excessive. The only way I see that being reasonable is if you have full time security and almost no units in the complex. We have over 70 units so we can afford security but if you have under 30 units and still have a full time guard the levy can look like that.
 
Cius said:
Levy: R1344.58
Water: R330.48
CSOS: R15.88
Sewerage: R381.63


Electricity is separate. So in total its just over R2K. This for a 4 bed/2 bath/double closed garage townhouse in a complex with full time security guards that is face brick. Feels a bit steep but we are well funded and have not had a special levy in the 7 years I have lived there. That R5K seems excessive. The only way I see that being reasonable is if you have full time security and almost no units in the complex. We have over 70 units so we can afford security but if you have under 30 units and still have a full time guard the levy can look like that.
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Not bad - ours is:
Levy R2k
Maintenance R500 (for the 10year project plan that is now required)
effluent R380
CSOS R33
Electricity R900
so all in we're around R4k per month. For 3/2 unit.
Plastered, with gardens and over a hundred units.
Think the pricing is fair - as we have quite a bit of gardens, trees, large communal pool etc and garden staff plus 2x 24h guards. We're very well funded so don't really need the extra maintenance portion - more of a compliance and conservative approach.

The R5k can make sense if you have some of the following: lot of catch up maintenance (like lots of painting), lifts (damn those things cost), few units for the fixed costs like guards and staff.
 
My dad compared his costs for his house to my levy and the bill was remarkably similar in amount. You have a lot of bills for being in a house especially if you include stuff like armed response etc.
 
Splinter said:
Well, painting once a year and 24hr security does sort of explain it. How many units in complex though?
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No it does not.

We have 2 guards on duty 24/7. Access control booms. 4 full time gardeners, and 1 painter currently on contract. There are more than 100 units in the complex. The bank balance for the complex is stable, rather healthy actually. Our levies are around 1400 for the 3 bed units.

We comply with the CSOS regulations and had the funds so we started the bank account they demand with the allotted percentage/rand value they insist on. We did not have to add a special levy for this. Obviously we do pay the Rxx as specified by CSOS to CSOS every month.


So no. I would venture to speculate that either that complex does not have the stipulated CSOS fund, that there is something else that requires a lot money to fix, or the complex funds have not been handled very well and is now expensive.
 
Cius said:
My dad compared his costs for his house to my levy and the bill was remarkably similar in amount. You have a lot of bills for being in a house especially if you include stuff like armed response etc.
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Maintenance on a house is where it hurts
 
Cius said:
My dad compared his costs for his house to my levy and the bill was remarkably similar in amount. You have a lot of bills for being in a house especially if you include stuff like armed response etc.
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yeah true and insurance is higher on a house compared to most places with a levy you only need content cover
 
Cius said:
Levy: R1344.58
Water: R330.48
CSOS: R15.88
Sewerage: R381.63


Electricity is separate. So in total its just over R2K. This for a 4 bed/2 bath/double closed garage townhouse in a complex with full time security guards that is face brick. Feels a bit steep but we are well funded and have not had a special levy in the 7 years I have lived there. That R5K seems excessive. The only way I see that being reasonable is if you have full time security and almost no units in the complex. We have over 70 units so we can afford security but if you have under 30 units and still have a full time guard the levy can look like that.
Click to expand...

Why the separate charge for sewerage? I've never been charged that on my levy statement. Scaryingly ours for a 2 bedroom, no security place is R1250 I've moaned and said it's too much but the managing agent was like no you guys are cheap compared to the other complexes. Interestingly enough I've been looking as we've sold our place and they are talking out of their rear ends.
 
saturnz said:
Maintenance on a house is where it hurts
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There are other costs, for instance your connection to the power grid costs several hundred rand. Our complex can split that cost across 72 units, each house pays it in full. Then you get the contributions to the neighbourhood watch, armed response, maintenance of a bigger garden (granted you get the benefit of a bigger garden), etc.

Like I said, my dad did the math and it was not that different cost wise to stay in a house or a sectional title unit when the bond was fully paid off (in otherwise maintenance/security/tax expenses only)
 
Cius said:
There are other costs, for instance your connection to the power grid costs several hundred rand. Our complex can split that cost across 72 units, each house pays it in full. Then you get the contributions to the neighbourhood watch, armed response, maintenance of a bigger garden (granted you get the benefit of a bigger garden), etc.

Like I said, my dad did the math and it was not that different cost wise to stay in a house or a sectional title unit when the bond was fully paid off (in otherwise maintenance/security/tax expenses only)
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Yeah going to learn that soon, I've bought a house and moving from a two bedroom complex where to a house 10 times the size.
 
Lupus said:
Why the separate charge for sewerage? I've never been charged that on my levy statement. Scaryingly ours for a 2 bedroom, no security place is R1250 I've moaned and said it's too much but the managing agent was like no you guys are cheap compared to the other complexes. Interestingly enough I've been looking as we've sold our place and they are talking out of their rear ends.
Click to expand...

It means you poop for free!
 
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