South African property experts caution homebuyers against solely prioritizing low levy fees when purchasing properties within sectional title schemes. Lower levies can indicate underfunded schemes, potentially leading to unexpected financial burdens for owners. These underfunded schemes may lack sufficient reserves for future maintenance and repairs. Homebuyers should thoroughly investigate the financial health of a scheme before committing to a purchase, beyond simply focusing on monthly costs. Experts recommend reviewing reserve fund analyses and recent financial statements. Failure to do so could result in special levies or increased costs down the line to address deferred maintenance. This highlights the importance of due diligence in sectional title property acquisitions.
