What are the Pros and Cons of Investing in Sectional-title Property?

What are the Pros and Cons of Investing in Sectional-title Property?

Category Investment Information

What are the pros and cons of investing in sectional-title property?

1. Affordability: Sectional-title property is great for first-time buyers at it is affordable and easier to maintain than freehold property.

2. Sectional- title property also offers the benefit of security, often having a secured entrance and perimeter security.

3. Running costs: The running costs of a freehold property are generally lower as it offers the benefit of deferring expenses such as water, sewerage etc. to the tenant; whilst these costs cannot easily be avoided when owning a sectional-title property, due to fixed monthly levies.

4. Rentals and resales: Sectional-title property is popular with renters and generally easy to resell, taking into consideration your property location.

5. Lastly, sectional-title property offers a 'mixed use', known as the 'live, work, play' lifestyle, resulting in a larger market appeal.

Ensure you have concluded thorough market research before making an investment decision.

Author: GK Letting