TIPS FOR FIRST-TIME SECTIONAL TITLE BUYERS

Many potential property investors aren’t aware of the distinctions between a freehold and a sectional title home, says Pearl Scheltema, chief executive of Fitzanne Estates. “As the single owner of a freehold property you have total flexibility to make changes, subject to the bylaws of the municipality in which it is located. When you purchase a sectional title property, you will become the owner of a unit in a multi-unit complex. You will also be a co-owner of any communal areas in the complex and will be subject to the complex’s rules and regulations.