Unit Developments Nelson

In a unit development, a land owner can choose to use his Nelson property and make it a townhouse, apartment complexes or multiplexes. When done, the owner could either sell or rent it out to someone. The land owner retains ownership to his land, but the individual buildings and/or apartments are now solely owned by their respectful buyers.

There are many unit developments in Nelson where a building or development includes up to a maximum of 40-50 apartments. Each apartment is owned by a different owner but the whole building and common areas such as lobby, waiting room and swimming pools are owned by every resident of the building.

This type of ownership is being highly favoured by many Nelson buyers because unit developments are cheaper than conventional residences, especially for those who are just starting out. It will cost you lesser and it can make your transferring hassle free.

Features and Benefits

• When there are multiple owners living in a building, it automatically increases the security and protection without any additional arrangements.
• It provides more living space with a lesser building area.
• Unit developments may offer residents perks like exclusive community facilities and clubhouses.
• It is typically more affordable than regular Nelson housing.
• There are only fewer maintenance charges as the whole amount will be divided into all the residents and each of them need to pay only a little portion of it.
• Building expenses can be decreased with unit developments such as making a joint water tank or central air-conditioning for the whole building.
• Some unit development homes tend to be compactly designed.
• While the land may belong to the developers, the buyers are the sole owners of the units or buildings they are buying.