Benefits To Owning A Sectional Title Property
Category 3%.Com Properties
Sectional title properties offer several benefits to property owners.
Below are 10 benefits to owning a sectional title property.
- Customisation: Sectional title ownership provides individuals with full ownership rights to a specific unit (such as an apartment, townhouse, or office space.) This allows for individual control and customisation of the interior living or working space.
- Shared Facilities and Amenities: Sectional title developments often include shared facilities and amenities such as swimming pools, gyms, landscaped gardens, and common areas. These amenities can enhance the quality of life and provide recreational and social opportunities for residents, without the burden to maintain it.
- Lower Maintenance: The body corporate or homeowners' association is responsible for the maintenance and upkeep of common areas, building exteriors, and infrastructure. This can reduce the burden of maintenance for individual owners.
- Safety and Security: Sectional title developments often have security features such as gated access, security personnel, surveillance cameras, and controlled entry points, providing a sense of safety and security for residents.
- Lower Costs: Property owners in sectional title schemes share the costs of common expenses, including maintenance, security, insurance, and utilities, by paying monthly levies to the body corporate or homeowners association.
- Community Living: Sectional title living fosters a sense of community, allowing residents to interact and socialise with neighbours.
- Investment Potential: Sectional title properties can be an attractive investment option, offering rental income. Investors can benefit from capital appreciation and rental returns in sought-after areas.
- Lock Up-and-Go Lifestyle: Many sectional title owners appreciate the lock up-and-go lifestyle, as they can easily secure their properties and leave for extended periods without worrying about maintenance.
- Legal Protection: South Africa has legislation governing sectional title schemes, such as the Sectional Titles Act of 1986, which provides legal protection and guidelines for property owners, ensuring their rights and responsibilities are clearly defined.
- Location: Sectional title developments are often located in central urban or desirable areas, providing convenient access to schools, shopping centres, public transport, main roads and employment opportunities.
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Author: Megan Hurter