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A popular choice
With many buyers looking for lock-up-and-go properties within secure estates, sectional title units have continued to be a very popular choice among those searching in our area, says Martin de Necker, Broker/Owner of RE/MAX All Stars, whose office the services the Germiston area and surrounding suburbs.
"We have found that many buyers in our area are choosing to invest in sectional title units for a number of reasons," he says. "Firstly this type of property offers the buyer a greater sense of security that many feel they would not have within a freestanding home. There is also the aspect of community living that a large number of buyers are looking for, along with the fact that this kind of property is generally more affordable and financially viable for more consumers."
De Necker adds that is not just the price of the unit that is more affordable than a freestanding home, but the general maintenance and living costs as well. This is due to the fact that charges for resources such as water and electricity are shared among the residents of the sectional title complex. "Another aspect that saves the homeowner money is that any maintenance required for the exterior of the unit will be for the body corporate account, while the homeowner is only responsible for the interior of their individual unit," he says.
According to Adrian Goslett, CEO of RE/MAX of Southern Africa, sectional title units are perfect for first-time buyers or those who do not want a property that requires a lot of maintenance. However, he says that it is important for all buyers looking to purchase into these kinds of schemes to apply the same golden rules that would to buying any property. One of which is buying in the right location. The state of the body corporate financials and the way in which the complex is run are also vital elements to consider before buying a sectional-title unit, he says.
De Necker says that sectional title units that are situated in proximity to the Rand Airport as well as major transport routes have sold really well. One development that RE/MAX All Stars is marketing called Norton Heights, a sought-after estate in Albemarle, which has just launched its second phase due to its popularity. The first phase is almost completely sold out. He notes that the development has 24-hour security and access control and is an ideal lock-up-and-go option. "The one-bedroom units in the complex are perfect for business people around the country that visit Gauteng regularly. In fact, the developers will give a R50 000 discount to such a person. Additionally, the unit can be maintained and cleaned regularly at a fee. Instead of staying at a guesthouse or hotel, business people can put their money towards an asset that will appreciate in value," says de Necker.
He adds that the units are good value for money, with one-bedroom units on sale from R399 500, two-bedroom units from R570 000 and three-bedroom units priced from R795 000 respectively. The complex also offers a swimming pool, laundry room and clubhouse.
According to De Necker, sectional-title units will continue to be popular among security conscious buyers in the future and provide a good return on investment over the long-term. "Conditions at the moment favour buyers and this type of property provides a low-maintenance, cost-effective option for those wanting to capitalise on the current market conditions," he concludes.
For more information regarding the development and other property in Germiston, contact Danie Ayres at RE/MAX All Stars on Tel: 011 824 4383, Fax: 011 824 6993, Cell: 082 456 8255. Email: firstname.lastname@example.org