Did you know a duplex property is an excellent real estate investment for investors and developers? This two in one property design boosts equity growth, earns a high return on investment, and adds more value. Duplex is a single structure with an attached dual occupancy, sharing a common wall. It has separate entrances, a yard, garage, bedrooms, and living spaces. Building duplexes with the help of duplex builders in Sydney has become a popular investment strategy among savvy developers, builders, and investors.
Additional Income and Maximum Use of Site
When you invest in a duplex, you can rent out both dwellings to different tenants, or occupy the one and rent out the other. It increases your potential to make more money by doubling up your rental income.
Payoff Mortgage Quickly
As mentioned earlier, a dual occupancy offers a dual income for the price of a single piece of land. You can use that income to pay off the mortgage quickly. It eliminates unnecessary stress and enables you to manage your finances well.
Increases the Resale Value
When you hire duplex home builders in Sydney to build a duplex home in the proximity to parks, public transport, schools and other amenities, you can maximise the value of the property. It will have a higher reselling value than a townhouse or unit, and you don’t have to pay any strata fees.
Avail Tax and Insurance Benefits
Duplex homes are the best real estate investments because it comes with its own tax benefits. While you can reside in a part of your duplex, you can also rent out the other side. The rental unit acts as an investment property, and you will reap the same tax benefits as you would with any other investment property.
Although duplex is more costly than a single-family home, duplex home built by the duplex builders in Sydney is extremely affordable in the long run. Increased security is one of the greatest benefits of duplex development. If you are a family with small kids or seniors, you can move out to the other side of the duplex and can easily transform it into independent living. You can keep an eye on your loved ones while offering them their own space with improved privacy.
Less Carbon Footprint
Hiring professional duplex builders in Sydney helps you to craft a solid plan for your duplex and utilise advanced equipment to create a design that reduces carbon footprint.
The Bottom Line
Are you planning to develop a duplex for investment purpose? Choose an experienced builder who knows the ins and outs of developing an investment property. They help you create a plan to achieve your long term investment goals fast. Visit https://doumithomes.com.au/ to know more about duplex builders Sydney prices.