Gated communities have emerged as a favoured choice in real estate, offering homeowners security, privacy, exclusivity, and a plethora of amenities. With this luxurious lifestyle option comes the question of how these developments impact property values.
READ MOREIn today’s challenging economic climate in South Africa, homeowners and community schemes face a myriad of financial pressures. Rising interest rates, increased living costs, and ongoing issues like load-shedding and crime compound these challenges.
READ MOREAn accurate and comprehensive annual budget is the secret to effectively managing your community scheme’s finances. Tough financial times may impact a community scheme’s income stream, making it crucial to manage expenses carefully.
READ MOREFollowing a series of interest, fuel and food price hikes, homeowners are battling to meet their financial commitments, including levy payments. We suggest bodies corporate take a proactive approach in mitigating the impact of potential non-payment of levies on community scheme finances.
READ MOREThe current economic climate has taken a toll on people's finances and mental well-being. Rising interest rates and increased cost of living left individuals struggling to make ends meet.
READ MORESuze Orman states that “owning a home is a keystone of wealth – both financial affluence and emotional security.” This security has never been more important, especially during the current financial situation we as South Africans are facing. It becomes even more evident and crucial when your home is part of a community scheme.
READ MOREWe often encounter community schemes that find themselves in financial difficulty. The financial woes are often the result of not having a trustee/director who is financially trained or savvy. Boards of companies, big and small, usually have a designated person whose responsibility is to have oversight of the finance of that entity.
READ MOREAt Sectional Title Solutions (STS), we are dedicated to helping community schemes thrive by reducing costs, increasing property value, generating income, and promoting eco-friendliness.
READ MOREThe current economic climate has brought significant financial pressures for individuals, businesses and community schemes alike. Rising interest rates and increased living costs have rendered many individuals and families hard-pressed to maintain a balanced budget, let alone establish financial reserves for unforeseen circumstances.
READ MOREAre arrear levies threatening your community scheme’s financial stability? The non-payment of levies potentially has severe consequences for community schemes. Body corporates are unable to fund the day-to-day expenses and necessary maintenance and repair projects.
READ MORE