Thinking about building your new dream house but not sure which style to choose? The decision is completely up to you. But, Liona Constructions – the ultimate residential builders and one of the best construction companies in Brisbane and the surrounding area – has decided to help you make up your mind.
For that reason, we have come up with the following list of advantages of building a duplex. Hence, let’s have a look at why you should build a duplex instead of a single storey, double storey, split level, or any other house style, especially when it comes to maximising investment and accommodating extended family.
But, what is a duplex actually?
Namely, a duplex is a residential building featuring two homes that have a shared central wall, or two houses on a single block of land which is also referred to as a house behind a house. Nearly all residential builders recommend this type of house because you will have different options if you decide to sell. Indeed, you can sell them together or subdivide the land and sell them separately.
Now, read on and find out what are the key advantages of building a duplex:
Advantages of Building a Duplex
- A Great Investment
As we’ve already mentioned, one of the major reasons for building a duplex is the fact that it is a great investment. Asking your builders to build you a duplex will certainly increase funds for your mortgage. There are several ways to make building a duplex a great investment including:
- First, once your residential builders finish your duplex, you can subdivide it and ell each house separately and thus earn more than you’ve spent.
- Then, you can also rent either one or both of the units in the duplex depending on whether you will live in one of them. Thus you will achieve a high return of 6% to 7% per annum.
- Finally, you can earn even double by renting your houses through AirBnB compared to a standard one-year lease. Just make sure you check your options with your local council.
- Keep Ageing Parents Close
As we grow older, greater care and support are usually required by our closest family members, especially in case of a health issue. So, if you have ageing parents and want to have them close, building a duplex is what you should go for. By living in two separate units you will still be able to maintain your privacy and lifestyle but still be able to assist quickly when needed or just spend some time together without commuting.
As a bonus, if you have young children and need someone to take care of them while you’re at work, there’s no better choice than their grandparents. Plus, you won’t have to pay for childcare and thus you will again save money.
Still need convincing on building a duplex? Probably not. Now, all you need to do is hiring the best residential builders – Liona Constructions. So, call us today!