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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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Answer

Checklist of universal design features:

  1. Easy-to-read control labels.
  2. Safety features to prevent accidental ignition.
  3. Height-adjustable controls.
  4. A timer for cooking.
  5. Clear visibility of cooking processes.
  6. Easy-to-clean surfaces.
  7. Dual fuel options for versatility.
  8. Child safety locks.

Step 9

5.9 Analyse the disadvantages for José having a house built.

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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.

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