Living in a housing complex has many advantages, such as heightened security and well-maintained public spaces.
Communal living, however, comes with a price tag, namely the levies that owners pay for the upkeep of the property.
Every owner in a complex must pay a monthly levy to ensure that the scheme is run efficiently and benefits everyone.
Basically, you pay for everything that's shared between yourself and other residents in your housing complex or apartment block, like water infrastructure to garden services.
The use of private security is another major shared expense, which your levies go towards.
Shafeeka Anthony, marketing manager at finance website JustMoney.co.za, says owners should attend the body corporate AGMs to table issues and suggest ways in which levies can be reduced.
