Buying a sectional title property in Durban may seem like an easy way to get a new home, but there are some drawbacks to it. One of these is the cost. Sectional title property schemes can be expensive, and the cost can be even more so in areas where housing is in short supply.

Sectional title complexes offer a ‘live, work, play’ lifestyle

Whether you are buying your first home, re-selling or renting, a sectional title property is an excellent option. These properties offer a secure, affordable and convenient lifestyle that is popular with young families, resale buyers and renters.

A sectional title property is a unit within an apartment complex that is part of a larger scheme. There are usually communal facilities and outdoor areas in these complexes. These may include a pool, gym, playground or tennis court.

There are also rules that govern the use of these complexes. Residents are encouraged to be considerate of other people’s space and respect other people’s privacy. The rules may be specific or general.

A sectional title complex may also have a special levy, which is levied to cover the maintenance of the buildings and other common areas. Some complexes require a special levy for exterior painting or large-scale renovation. These special levies can help to increase the value of your investment.

Sectional title schemes cost more than a sectional title scheme

Buying a sectional title scheme in Durban has become more popular in recent years. However, owners are beginning to complain about some of the hidden costs associated with owning a sectional title unit. Fortunately, there are several things you can do to ensure you get a good deal while controlling your expenses.

First, you need to consider the legalities associated with owning a sectional title. This may include the rules and regulations of the scheme and whether the management is sound. If the scheme is in poor financial shape, you could be on the hook for some of the existing debt.

Second, you need to consider the advantages of owning a sectional title. Depending on the area, some units come with exclusive use of common areas. This means you can have a more communal lifestyle. But you may also miss out on some of the amenities that come with living in a house.

Third, you need to consider the advantages of a sectional title scheme compared to owning a freestanding property. Generally, sectional title units tend to be cheaper to maintain. Buying a sectional title unit can also give you a better resale value.

Sectional title properties are a huge investment

Investing in Sectional Title properties has become a popular option for property investors. This investment is less expensive than freehold properties, and offers more space and independence. However, investors need to be aware of certain responsibilities.

If you’re considering investing in a Sectional Title property, it’s important to know all the responsibilities and limitations that come with it. You’ll also want to make sure you’re buying in the right location. You may have to pay special levies to cover expenses outside of the monthly levy, or you may not be able to make improvements to your property.

Before buying a Sectional Title property, you’ll need to research the property and make sure you’re getting the best deal. You’ll also want to check the Body Corporate’s financial statements.

Sectional Title properties are most commonly found in apartment blocks or cluster homes. These apartments offer a more communal lifestyle, and are a great choice for people who work from home. These types of properties are also popular with renters and resales.