on 11 Nov 20
Categories: House hunting
A PLACE TO CALL HOME
Ongos Valley is an exciting new housing development project set to change the face of Windhoek’s residential landscape.
Ongos Valley is more than just another complex or even suburb. It is a 28,000 mixed-used village that will include more than 20 schools, numerous malls and service stations, as well as institutions and businesses. Everything and anything you will usually find in a city. Think of Ongos Valley as a city, within a city. This also means that commuter dependency to outlying areas would be significantly less than the norm, as found in modern cities. Ongos Valley will be developed in 7 phases over the next 30 years. We are currently busy with sales and construction of Extension 3 of Phase 1, which consists of multiple design types, with Apartments from N$ 541,000 and Houses from N$ 654,000, and the first homes will be completed in November 2020.
This is just the tip of the iceberg though. Even though many employees, particularly government employees, have access to housing subsidies, a lack of housing options are preventing them from utilising it.
With Windhoek’s housing market being what it is (overinflated prices), countless young people graduate into a mindset of not being able to afford property in Windhoek. They are brainwashed into believing that any house worth buying costs more than a million dollars — something that very few young people can afford.
Ongos Valley is breaking this mould. Ongos Valley is a SMART city with FIBER internet to every home. Ongos Valley is a GREEN city with SOLAR energy. Ongos Valley is built by Namibians, for Namibians. We limit foreign involvement as much as possible. We use SMEs to build, not the typical big contractors. We have reduced any and all markups as much as is financially feasible. We are boosting the economy and when a lot of people are negative about the economy or Namibia, we say “Let’s Build!”.
WHERE IS ONGOS VALLEY?
Land, for large scale development, is very scarce within Windhoek’s city limits.Towards the south lies Windhoek’s main water table and supply, it is too mountainous to expand eastwards and Daan Viljoen Private Reserve prohibits western expansion. It is for this very reason that we needed to set our sights north wards.
Ongos Valley is located in the north-western corridor just 14 kilometres from Windhoek’s Central Business District, west of Brakwater and Elisenheim. The area covers 1,743hectares and will become a self-sustaining walkable city with schools, hospitals, institutions, businesses, malls and other supporting facilities.
ONGOS VALLEY PROPERTY TYPES
Ongos Valley homes have been designed with the Namibian buyer in mind. The modular framework means that homeowners will have the ability to extend their homes over time as their needs or income increases. This fit-for-pocket approach allows more and more people to afford their own home.
You can choose from three types of housing: Single Residential, Free Standing Homes or Apartments.
A Single Residential unit is a free-standing unit on a single exclusive erf.
Free Standing Homes
Free Standing Homes are located next to one another on sectional title exclusive use land areas. In Ongos Valley, these sectional title exclusive use areas are referred to as Free Standing Homes (FSH’s). Six main types of Free Standing Homes are currently available, ranging from 61.4m2 to 143.7m2 in size. FSH Type 125 is displayed in the image (right).
Most of the houses are of modular design to accommodate phased extensions over time to accommodate increasing needs or household incomes.
Our selection of apartments includes seven main unit type options, ranging from bachelor to three bedroomed units, 21m2- 66m2 in size, with the option of a patio or a balcony.
Five Reasons to Purchase a Free Standing Home
Free Standing Homes are often misunderstood, especially in terms of ownership, but when it comes to Ongos Valley and its Free Standing Homes, there really is no downside.
In fact, our Free Standing Homes are unique because:
1. Modular design options allow for future extensions as the household income and situation change.
2. They are freestanding, with their own entrance and yard.
3. Water and electricity will be prepaid, therefore households would pay as they use. No irrational bill splits.
4. You may choose your bathroom fittings, wall tiles, kitchen tops and floors.
5. 1GB free fibre Wi-Fi connection for all units. Users may top up once they have depleted the 1GB provided.
Colour is an integral element in the language of Ongos Valley, it is not only important aesthetically, but it also influences the experience that people have of the space.
A range of neutral colours have been selected as the key colour range for Ongos as shown in the rocks picked up on site. These neutral colours are supplemented with a combination of the colours illustrated on the palettes that reflect the Namibian spirit, and the breath-taking Ongos Landscape.
In Phase 1 of Ongos Valley, the walls not only carefully frame views, but also cast shadow or render the play of shadows by trees.
Ongos Valley architecture includes walls with both rough and smooth textures. The rough texture plaster or bagged texture on walls, symbolises the boulders surrounding Ongos as well as the rock formations found on site – this emphasizes a tactile dimension. By contrast, the smooth texture comes from a smooth plaster finish, offering a reflective canvas for light moving across the street scenes.
While the overall structure of Ongos’ building types is kept minimalist, the element of texture and colour create a poetic experience. A liveable, lively and prosperous place to call home.
By using a light stone colour as a base throughout, the elements of colour and textures unify.
To define the horizontal aspect, boundary walls will be a continuous blue colour.
Through the use of different tones and shades of grey and red on the shading canopies, the illusion of movement is created.
The use of vibrant colours, next to sand colours accentuates the different typologies and creates a sense of place.
Final colour combinations are to be determined as part of street elevation, at individual street erven level.
HOW MUCH OF ONGOS VALLEY CAN YOU AFFORD?
We often get potential buyers who don’t believe that they qualify for a home loan, but before you write-off the idea of being a homeowner, consider the factors that really play a role in determining whether you qualify. More importantly, keep in mind that Ongos Valley has a wide range of properties to suit your budget.
Many employees, particularly government employees, have access to housing subsidies. If unsure, check with your employer. A housing subsidy can make a big difference in your affordability.
The 28/36 Rule of Affordability
One rule of thumb that banks may use to assess how big a loan you qualify for is the 28/36 rule. This rule says that your loan repayment should be no more than 28% of your gross income, and your total debt (including your home loan and other debts such as a car loan) should be no more than 36% of your gross income. While these numbers are used as a guide by many banks, there are some cases where you may be able to qualify for a higher loan. For example, some banks may allow borrowers with a higher credit score to have slightly higher debt-to-income ratios, but to know whether or not this applies, you need to talk to a home loan consultant.
Getting pre-qualified for a home loan is an important step in determining how much you can afford. During this process, a home loan consultant will assess your finances to determine how much they are willing to lend you. This number can help you shop within your means, but remember that just because you qualify for a specific amount doesn’t necessarily mean you can afford it. The pre-qualification process typically takes your income and debts into account, but it doesn’t include your personal savings goals or spending habits. An assessment is important, but ultimately you have the final say in what you’re comfortable spending on your next home. Our Sales Hub is home to various Home Loan Consultants, making it very easy to get pre-approval for your home loan.
More Factors that Affect Your Affordability
Income, debts and down payment are big factors when it comes to calculating your affordability. But there are other factors to be aware of, too. Believe it or not, the interest rate you get could make a big difference in how much home you can afford because a lower interest rate could significantly lower your monthly mortgage payment. Your personal savings goals or spending habits can also make a big impact on your affordability, so remember to consider these when setting your home-shopping budget.
"OUR DREAM IS TO DELIVER A SUBSTANTIAL NUMBER OF QUALITY RESIDENTIAL HOMES THAT THE MAJORITY OF NAMIBIANS CAN AFFORD."
Interested? SMS your NAME & EMAIL ADDRESS to 99000 (40c/SMS)
Visit us at the c/o Kreuzberg and Andes Street (Behind Novel Ford)
083-388-3388 • email@example.com • www.ongosvalley.com.na
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