5.1 Name THREE types of monthly payments that a homeowner must pay to the local municipality - NSC Consumer Studies - Question 5 - 2018 - Paper 1
Question 5
5.1 Name THREE types of monthly payments that a homeowner must pay to the local municipality.
5.2 Explain the function of a body corporate.
5.3 Name TWO costs incl... show full transcript
Worked Solution & Example Answer:5.1 Name THREE types of monthly payments that a homeowner must pay to the local municipality - NSC Consumer Studies - Question 5 - 2018 - Paper 1
Step 1
5.1 Name THREE types of monthly payments that a homeowner must pay to the local municipality.
96%
114 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
The three types of monthly payments a homeowner must pay to the local municipality include:
Water fees.
Electricity charges.
Property rates and taxes.
Step 2
5.2 Explain the function of a body corporate.
99%
104 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
A body corporate is responsible for the management of a complex or sectional title scheme. Its functions include:
Overseeing the election of trustees who manage day-to-day operations.
Maintaining common areas and managing waste disposal.
Collecting levies from owners to fund maintenance and administrative costs.
Step 3
5.3 Name TWO costs included in the monthly repayments of a home loan.
96%
101 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Two costs included in monthly home loan repayments are:
Interest on the loan amount.
Life insurance premium for mortgage bond protection.
Step 4
5.4 Give TWO reasons why reducing human energy consumption should be considered when buying household appliances.
98%
120 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Two reasons include:
Lower energy bills, as energy-efficient appliances consume less power.
Reduced environmental impact, contributing to sustainability and conservation efforts.
Step 5
5.5 Explain what a government housing subsidy is.
97%
117 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
A government housing subsidy is financial assistance provided to help individuals or families afford housing, typically aimed at lower-income groups. The subsidy lowers the cost of purchasing or renting homes, making housing more accessible.
Step 6
5.6 Explain the difference between full-title ownership and sectional-title ownership.
97%
121 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Full-title ownership means the owner has complete ownership of the property and its structures, while sectional-title ownership means the owner owns a specific unit within a larger property, sharing ownership of common areas.
Step 7
5.7 Discuss FOUR financial disadvantages of renting a property.
96%
114 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
The four financial disadvantages are:
Rent does not build equity, meaning no investment returns.
Rental increases can burden tenants with unexpected costs.
Lack of stability, making long-term financial planning difficult.
Potential loss of deposit if property is damaged.
Step 8
5.8 Compile a checklist of EIGHT universal design features applicable to a combination gas and electric stove.
99%
104 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Checklist of universal design features:
Easy-to-read control labels.
Safety features to prevent accidental ignition.
Height-adjustable controls.
A timer for cooking.
Clear visibility of cooking processes.
Easy-to-clean surfaces.
Dual fuel options for versatility.
Child safety locks.
Step 9
5.9 Analyse the disadvantages for José having a house built.
96%
101 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
José faced several disadvantages:
Higher costs than initially anticipated due to poor workmanship and the need for reconstruction.
Delays in completion due to unskilled labor.
Ongoing construction management challenges leading to stress and potential financial strain.
Continuous need for materials resulted in unplanned expenses, compounding financial difficulties.