Is Building a Duplex a Good Idea?
Are you still having second thoughts on building a duplex home? Well, if you are looking for a smart property investment, you might want to reconsider that thought. Everyone loves a smart deal, and a duplex home is definitely one.
Here is why: When you have a piece of land in an area with a humming local economy, duplex home builders can help transform that property into a stylish and beautiful home that provides you shelter and gives you the means to generate income.
Wondering how? We have all the deets here. In this article, we will explain why building a duplex home is a good idea, its benefits and why you should invest in home builders in Sydney. Keep reading to learn more about it!
Top Benefits of Building a Duplex Home
It is Cost Effective
Let’s face it! Building two homes is expensive compared to building a duplex home. Want us to do a little maths for you? Okay, let’s start with the foundation. We all know that establishing a solid foundation can be pretty expensive, especially when it comes to the construction materials. For the two homes, you will need to pay double the price. And let’s not forget to mention the roofing and the different utility costs.
However, with duplex builders in Sydney, you can save some of your precious coins and generate more income in the long run. Duplex buildings only rely on one foundation. The shared walls and utilities further minimise the costs, making it a cost-effective solution.
Helps Pay Off Mortgage
Let’s be frank: we all desire to finish paying mortgages and have a loan-free life. Building a duplex home is your fastest ticket to getting there. When you have an ideal location with a humming local economy, home builders Sydney can build you a quality, stylish home. This, in return, can help build your equity, reducing the amount you owe on your mortgage.
There is more! You can also generate more income by renting out the other units to pay other bills. With an ideal location, your duplex home will be in demand. You don’t have to worry about not finding tenants. If renting out doesn’t sound like a good deal to you. You can make it an Airbnb unit and charge higher rates since its location reduces the necessity of driving to the city.
Flexible Living Arrangements
Do you have ageing parents or perhaps a large household? If yes, duplex builders Sydney may be your best solution to keep them close to you. While plenty of care homes are available in Australia, staying close to your old parents gives you the peace of mind that they are much safer and you can efficiently cater to each of their needs.
If you have kids, this can be an added advantage. With their grandparents around, you will be better positioned to leave them without worrying about their safety. This benefits you and your children. By this, we mean you will be able to attend to your work responsibilities and personal matters while the kiddos will have a lovely time bonding with the grannies.
Property Value Appreciation
Unlike traditional homes, which may lose value as time passes, duplex homes appreciate over time, especially in growing or desirable neighbourhoods. So, if you plan on selling your property in the future, building a duplex home will bring you more financial returns in the long run.
It is, however, essential to note that the type of duplex home builders you hire can determine the level of property appreciation. A poorly designed duplex home with low-quality materials may not be a good investment. Quality and stylish duplex homes will most likely gain value quickly. Brickwood Homes specialises in building quality and well-designed duplex homes in Sydney and the surrounding areas.
Duplexes Give You In-depth Knowledge About Real Estate
If you have always wanted to be a real estate investor, investing in duplex home builders Sydney will give you a feel of being one and provide you with knowledge of how you can navigate the real estate market in Sydney.
To be a responsible landlord who keeps up with the local tenant’s law in your state. You will need to learn about land costs and council rates. You also gain experience customising lease agreements, screening potential tenants and collecting rent. With such experience, you can become a successful full-time real estate investor. In return, you get to expand your properties and increase their value.
Is Building a Duplex Home a Good Idea?
Yes absolutely! Building a duplex home is not as complicated and expensive as most people perceive. With the right home builders in Sydney, you can achieve a stylish and lavish home that houses your loved ones and still generates income to help pay off your bills.
Brickwood Homes is a recognised home-building company in Sydney and the nearby areas. Our duplex home builders are committed to bringing your vision to life. Whichever duplex design you have, we will exceed your expectations. Don’t have a design yet? Don’t worry, we will make every step of the journey exciting for you! Need a Duplex builder in Sydney? Contact us today and let’s awaken your dream!