Advantages and Disadvantages of Buying a Full-title Property

Question 1

What is the 1st advantage of buying a full-title property?

Answer 1

• the buyer is the legal owner of the property

Question 2

What is the 2nd advantage of buying a full-title property?

Answer 2

• the owner can make changes to their property

Question 3

What is the 3rd advantage of buying a full-title property?

Answer 3

• the owner has a sense of security and independence
• because the property can be used as security for a bank loan

Question 4

What is the 4th advantage of buying a full-title property?

Answer 4

• it is a sound investment
• because the value of property increases over time

Question 5

What is the 1st disadvantage of buying a full-title property?

Answer 5

• it is more expensive to but than to rent in the beginning

Question 6

What is the 2nd disadvantage of buying a full-title property?

Answer 6

• the owner of a house is responsible for maintenance and repairs

Question 7

What is the 3rd disadvantage of buying a full-title property?

Answer 7

• the owner must pay rates and taxes to the local municipality

Question 8

What is the 4th disadvantage of buying a full-title property?

Answer 8

• the owner will pay capital gains tax on the profit that they make when selling the property

Question 9

What is the 5th disadvantage of buying a full-title property?

Answer 9

• the bond repayment could be a large part of your monthly income

Question 10

What is the 6th disadvantage of buying a full-title property?

Answer 10

• it could be difficult to sell the property should the owner need to move unexpectedly