INVESTOR INTELLIGENCE
for first-time buyers and young professionals . Here ' s a breakdown of both options to help you choose the one that best suits your lifestyle and priorities :
Sectional Title Ownership Sectional title ownership is typically associated with townhouses , apartments , and some cluster developments . In this structure , you own the interior of your unit , including the walls , floors , and ceilings . The exterior of the building , the land it ' s built on , and common areas like pools , gardens , and hallways are jointly owned by all homeowners through a Body Corporate .
Advantages : Many sectional title developments offer security features like controlled access and on-site security personnel . Upkeep of common areas is shared among all homeowners through Body Corporate levies . Sectional title properties can often be more affordable than freehold homes and may offer access to amenities you may not be able to afford to add to a freehold home , such as a swimming pool .
Real Estate Investor Magazine MAY 2024 57