You’re out there on the hunt for a new place to call your home, you’ve searched for just about any
the single-family unit, a townhouse or a condo on the market, going through endless pages of some
irrelevant listings, which as a matter of fact is very tiring and overwhelming.
The good news is that you have one option still standing, because like so many home hunters, you’ve
probably overlooked the option of a duplex.
Investing in duplex property
Before we even get to know what benefits a duplex has in store or you, you may be wondering what a
duplex is. Well, a duplex home plan is a residence of two homes on one title, it can be owned and sold
together and usually, it is joined by a common wall. What makes it even best is that a duplex doesn’t
require a subdivision for the two properties to be built, which in the long run maximizes the potential
of the land.
There are so many reasons why duplexes make such a great investment but we’ll focus only on six
Reason #1: duplexes are very affordable
Well, the biggest advantage of investing in a duplex design is the price tag. With the available land in
the country getting tighter, many homeowners are looking for ways to get more from their blocks
with a significant number replacing old single homes with some new designs on the same site.
Well, this is great news for the first time home buyers because anyone with a moderate budget can
land on a duplex very easily. The house units are associated with flexibility and there are quite a lot of
things you can do with your second unit making duplex house plans worthwhile.
Reason #2: duplex design is very appealing to all people
You may be left wondering who these beautiful inexpensive houses appeal to. Well, duplexes appeal
to a mix of people.
Duplexes can be a combination of families where the parents will live on one side and their children
on the other. Duplex Architecture is designed in a manner to offer balance and privacy which makes
them a perfect solution to so many multigenerational families.
Think about this, you have a young adult returning home from college and you would really like them
nearby, duplex design can be perfect to give them a helping hand as they begin their journey of life.
Or maybe, you have aging parents who you would like them to feel secure by living closer to you. The
the second unit can be very much in handy.
Reason #3: duplex building design has a high ability to create quick equity
If you live in one of the units and decide to rent the other, you have the ability to make double
repayment of the mortgage. This, therefore, means that in every month, you would be reducing the
interest payments which subsequently accelerates the equity which you can borrow against if you are
looking for a future investment.
Reason #4: high yield on rentals
Despite the fact that with the duplex development you have the added advantage of creating quick
equity, it also means you will also be able to provide a higher rental yield per square meter.
This also translates to the fact that you have the capacity to rent out both the units and therefore the
return on investment is higher. If you have a duplex development, it means that you have one of the
best property investment options.
Reason #5: minimizes the mortgage rates
If you purchase a duplex, live on one and rent out the other, this means that you will have the
responsibility to bear only a small percentage of the mortgage. In such a situation, you could pay the
remaining balance on the mortgage or opt to pay a bit more with the help of the rental income.
The mortgage companies consider the two units of a duplex building design to be a single property
and therefore, they will give more modest interest rates to the buyers.
Reason #6 Maximize your revenue with Airbnb
The benefit of the duplex design is that you can earn more money renting out the property which
makes it a smart investment. Through Airbnb, a vacation rental site, you will find that it is quite
simple to achieve this goal as you can charge more to for vacation rentals. One thing you must have
realized is that vacations are only short-lived and thus, you will want to maximize the revenue. People
are also willing to pay more for a shorter stay, which only means that you can even earn twice the
amount you’d make with the standard lease.
(it is important to note that Airbnb is subject to the council restrictions. You need to contact the local
council to evaluate what your options are)
With duplex development, there are tons of advantages that you cannot get from other types of
properties such as the single unit houses, the townhouses or the condos. Therefore, this makes
the duplex investment a smart and safe investment.