Could building a duplex home be the right choice for you? Have you ever thought you could invest in building a property, split it in two, and charge two sets of rent? A duplex home allows you to just do that! Yes, it’s a single site that’s subdivided into two residences with a separate entry, unique driveway, and garden. These structures are great investment opportunities and help maximise your property value. Here, our duplex builders in Sydney lists the reasons to build a duplex home.
A Duplex Home is a Great Investment Property
Did you know investors have made a $1 million profit after selling a duplex home they had built in the past few years? It allows the investors to maximise the potential of the land without subdividing it and gain high returns on investment.
A Duplex Home Brings You an Additional Income
With a duplex home, you can earn a second income passively by living on one side of the duplex and renting out the other. If you are renting out both the properties, you’ll generate two incomes and achieve positive cash-flow and high ROI. Unlike apartments, you can rent out duplexes on a higher rate, and you can use this amount to pay off your mortgage faster.
Keep Your Family Close
When you hire duplex home builders in Sydney to build your duplex home, you can make sure that you are always close to your family members. As parents age, they may not like the idea of moving to a nursing home. A duplex home will give them enough space to remain independent, and you’ll be able to provide them with the care they deserve without driving a long distance. When they are staying just a few steps away, you can cook for them, assist them in their daily chores, take them to medical appointments, provide a quality company, and more.
Pay Off Mortgage on Time
Most people in Australia get financing from a bank for their home building project. When you get a duplex built by duplex builders in Sydney, you can rent out one or both unit and pay off your loan quickly.
Price of Duplex Building
One of the key reasons why people invest in a duplex home is due to its price. Duplex home is an affordable housing investment and is an ideal option for first time home buyers, retirees, renters, and more. The duplex builders in Sydney prices are low, and getting a duplex property built by the professionals helps you to get the best value for your money.
If you are thinking of building a duplex development, hire the best duplex builders in Sydney.