A duplex is a home built on one block of land that has two separate living areas and completely separate entrances. It can accommodate two sets of occupants. A duplex is a great investment for landlords and homeowners. There are many benefits to building a duplex, no matter your life stage. You can also hire the best duplex home builders via myprojectssydney.com.au/duplexes/.
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First-time home buyers
A duplex is a great option for first-time homebuyers looking to buy their first home. A duplex will allow you to have one home that you live in and another that you can rent out. This will create a steady stream of income that will help pay your mortgage while still living in your first home. You will be able to rent out the second home and reduce your financial burden.
The Perfect Investment
A variety of duplex designs can be arranged on a small block. This allows you to fit two homes onto one parcel of land, and double your return. A duplex is a great investment property that will allow you to build two homes on one lot. You can either rent them out or sell them, creating a double stream income. You will have the option to either continue renting each dwelling or live in one of them yourself. The rental income is an additional source of income.