Just like every real estate property, building a duplex is a great investment for homeowners and landlords. This article talks about why a Duplex is a house design worth considering.
Home owners all across the country are looking for clever ways to get more from their block of land. With land prices on the rise and opportunities to build new homes becoming a priority in recent times, a significant number of investors, young families and retirees are knocking down older single storey homes and building a duplex; two brand new houses on the same site.
The benefits of duplex house designs are numerous. Let’s uncover why a duplex house design is certainly worth considering.
What is the difference between a duplex and a regular house?
A duplex is typically two homes that are built side by side or, in some cases, one in front of the other, and have a common wall.
Each property has the same advantages of a regular house with a private entry, separate living zones and can be single or double storey, however they are joined.
The advantages of a duplex house design
A duplex house design offers plenty of benefits. In most cases the positives are financial, but there are plenty of other good reasons to consider this option.
LIVE IN ONE HOME, RENT THE OTHER
Imagine earning rental income from the home you own next door! Not only will it significantly reduce the financial strain that came on you after having to spend money to erect the duplex but can also be a fantastic way to enjoy positive cash flow.
CARE FOR FAMILY MEMBERS WHILST MAINTAINING INDEPENDENCE
Whether you have elderly parents who require a little more attention, or grown up children who are seeking independence but not yet in a financial position to purchase their own property, a duplex house design is perfect. Be close to your family members but retain your own space. Keep an eye on your loved ones but allow them to maintain their own privacy and independence. It truly can be the best of both worlds.
Building a duplex property is nothing like a home renovation. You’re not adding an extra room onto an old property. You are not uncovering unexpected problems or potentially facing unexpected costs for building works that were not done to plan before you moved in. You’re getting two, or in some cases three, brand new homes built to your standard and to your own taste.
Hopefully, your new Duplex home will be characterized with quality properties designed with energy efficient fixtures and fittings and workmanship with guarantees to outlast any maintenance jobs. What’s more, you’ll have the satisfaction of owning a brand new home without having to bother about rent or Landlord palaver the major bane of Nigerian tenants
Though the basic understanding of what a duplex is tends towards good, that doesn’t mean you shouldn’t still weigh the pros and cons of owning a duplex before you hurriedly put your signature on the dotted lines