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Essentially a duplex home consists of two separate living quarters and entrances that can cater for two different households, all within one dwelling. Duplexes can be the perfect living arrangement and create substantial financial gain and investment potential.
An investors dream
Duplex homes offer an affordable way to strongly enter the property market and build up your property portfolio. They create the ability to generate two rental incomes whilst owning a single block of land.
Ultimately with a duplex you can get the most out of your land as a two for the price of one situation emerges. You can generate double the return than if you were building one home on the same sized block.
Options and flexibility
With a duplex home you are provided with different opportunities and options to suit your current stage of life. You can live in one and rent out the other, occupy both or rent out both – the choice is completely up to you.
Meet the special requirements of your family
If you have a family member that requires extra care or supervision, or a grandparent or young adult that’s not quite ready to leave the nest, then a duplex could be the answer. This enables you to be close to your loved ones whilst ensuring they can still maintain their independence. You get to preserve your privacy while still having peace of mind and security.
Hotondo Homes has a range of duplex options to consider:
The Aon 265 comes in two different configurations, the courtyard and the garage.
The Halifax is a double storey home that can be used in isolation, turned into a duplex or rearranged in a multiple townhouse development.
For more information on duplex homes, contact Hotondo Homes today at hotondo.com.au
If you are looking to buy a property either to live in or as an investment, you should consider buying a duplex. A duplex is essentially a dwelling with two separate living quarters, two entrances that can cater for two families. Purchasing a duplex can be great investments for homeowners and landlords.
To get a significant rental return from your duplex you have the option to rent out both homes and collect two rental incomes, or live in one and rent out the other. The rental income will significantly reduce the financial strain of your mortgage repayments and save you the hassle of having to actually live with roommates – bonus!
Because you can fit a duplex on a narrow block, you can fit two homes on the one block and get double the return than if you were building one home on the same sized block. For investors, you can sell or rent out two dwellings, as opposed to having the one income from the one property.
If you have a family member that requires extra care or supervision, you can live close to them but not in the same house. This enables you to keep an eye on your loved one, without having to put them into a nursing home. They get to maintain their independence; you get to preserve your privacy and have peace of mind that you are close.