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Investing in Property have been fortunate to offer this unique opportunity for investors to purchase properties that are dual occupancy earning high yields and add further value by strata titling. The strata titling costs are included in the purchase price where once strata titled have an equity gain of between $50,000 to $100,000 depending in the location of the property. We have many properties on offer like these nationally and would be happy to discuss various options available to interested parties.
An example of strata titling a dual income property is where you can purchase a duplex pair where you can then strata title and then have different options where you can keep one and sell the other at an increased price, or sell both which then adds value to your previous investment.
The entrance to each property would share common spaces and are to be maintained by both owners and collectively agreeing to split the costs.
Strata titling is a kind of ownership association wherein all owners sharing a common space or living in shared properties would have an agreement of sharing expenses pertaining to maintenance of the entire property, excluding the privately owned spaces.
The biggest advantage of strata titling is sharing of responsibilities. A building or a property needs to be maintained. Any one owner or a small group of owners cannot be asked to take up the entire responsibility. Strata titling streamlines the entire process of maintenance and even any repairs or upgrades that are needed in the property from time to time. All owners pay their share where the exact amount is determined based on the square footage of space owned by specific homeowners. Thus, the amount being paid is also fair.
Strata titling has an amazing advantage of facilitating a quick sale. Standalone homes have a certain demand but it wavers from time to time. Strata titled homes are always in demand. People want to live in homes where they don’t have the entire onus of caring for a property or being the sole one responsible for repairs and maintenance. Strata titling is financially rewarding for all homeowners and their families residing in the property.
Strata titling will also ensure that you have a better living premise. The property would be taken care of. The common areas would be cleaner, more aesthetic and the entire setting will be safe, more hygienic and thus pleasant and would add value to the initial purchaser prior to the strata titling being done.
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