Considering buying a Sectional Title?

The option of buying flats and townhouses are becoming increasingly popular for young homebuyers. Financials of Body Corporate needed when applying for a Home Loan.

Few advantages of a Sectional Title

Purchase prices usually include VAT and eliminate the need for a large cash transfer duty payment. It is convenient cause building and garden maintenance is outsourced. Usually more secure.

Few disadvantages of a Sectional Title

You need to pay monthly levies. Can you handle living in close proximity with others? Usually you are not allowed to plant a garden or to keep a pet or put up a carport depending on the rules of the complex. Collective decision-making is made through the Body Corporate.