SECTIONAL TITLE INVESTING
3 . Security : “ This is of growing concern in South Africa . While many homeowners have put significant security measures in place , these add to the cost of the home and don ’ t eliminate risks .”
Sectional title pros :
1 . Structure and upkeep under the body corporate : “ The body corporate keeps everyone in check and ensures that each property is correctly maintained . Levies are used for maintenance and services that ensure the property always looks good and retains its value .”
2 . Security : “ Sectional title properties are generally equipped with 24-hour security in the form of guards , cameras , and motorized gates . In many cases , anyone entering the premises will need to be signed in .”
3 . Communal living : “ For those who enjoy the idea of having shared amenities such as gyms , cafes , pools etc ., sectional title presents an array of options .”
Sectional title cons :
1 . Less space and freedom : “ With the exception of sprawling estates , most sectional title properties are in close proximity to one another .”
2 . Debt liabilities and special levies : “ Each owner is responsible for special levies should renovations or upgrades be deemed necessary .”
While the rise of sectional title properties is evident , the choice of the right home is simply based on preference . Be sure to do the math and work with a reputable agent when shopping around .
Grant Smee Managing Director Only Realty Property Group
62 DECEMBER 2022 / JANUARY 2023 SA Real Estate Investor Magazine