Dual occupancy properties have gained popularity among people associated with real estate investment and this is especially true in the case of markets where the maximisation of returns stands as an essential element. This strategy of dual living involves building two separate dwellings on just one piece of land. It offers a plethora of benefits that helps to boost the portfolio of an investor. It need not matter if somebody is new to property investment or is an experienced one and investing in dual income properties can bring in financial success and this success is a long term one.
Dual Occupancy in Simple Terms
So what exactly is meant by dual occupancy. It actually refers to the development of two different dwellings on one block of land. The primary advantage revolves around the fact that the system of dual occupancy leads to the generation of two streams of income from just a single piece of land ensuring efficient utilisation of space.
Investing in Dual Occupancy Property
So why is investing in dual income properties becoming such a popular choice among property investors? Well, one of the most compelling reasons that is to be considered while dealing with Dual Occupancy Investment revolves around the fact that it holds the potential to generate rental income that is quite high. When there are two different dwellings, then rent can be collected from two separate tenants by investors. This leads to the doubling of rental income which is not possible in case of single dwelling. Dual occupancy properties are thus very popular and also attractive in places with a strong rental demand.
For instance, in urban areas which are in high demand or places near the universities, shortages in the housing facilities often lead to high rental prices. It is here that dual occupancy properties could prove to be a real treasure. Also in the suburban areas or in the regional places, significant income can be generated by means of the dual income properties. Thus Property Investment opens doors to immense opportunities that ensure financial success.
Dual Occupancy Property in High Demand
Development of a dual occupancy property could also lead to an increase in the overall value of the investment. A well planned and designed dual occupancy property or development could lead to a significant enhancement of the market value of the property. This fact is applicable when in the market there is scarcity of land and the concept or the availability of double dwelling on a single piece of land is considered to be a premium or valuable offering.
The Factor of Urban Sprawl
With the continuous occurrence of urban sprawl the availability of land decreases. The properties that hold the potential to accommodate more than one dwelling on a single block of land are likely to be preferred when compared to traditional properties with a single dwelling space.
Flexibility Offered
The flexibility which is offered by dual occupancy properties is greater when compared to traditional properties that accommodate single dwelling. Investors always have the option to live in one space and rent out the other one in case of dual occupancy properties. In this way a source of income gets generated and at the same time a space that ensures a fine living is also secured. In the other way round, both the spaces can be rented out and this can be done in order to maximise the rental income. Thus it is a great option to Invest in Dual Occupancy.
The flexibility associated with dual occupancy properties can be extended to future options of resale as well. The appropriate property can be sold in the form of a single entity or there is also the option of selling it in the form of a subdivided property which can then be sold separately. But this again depends on the laws of the local places that might come into the picture during the selling of properties. Tax benefits are also applicable when dealing with dual occupancy properties.
Property Investment That Leads to High Returns
Dual occupancy investment paves way for maximisation of returns. A single block of land can bring in enormous financial benefits and this could prove to be a great option for investors who are looking forward to diversifying their portfolios. Dual occupancy properties hold great potential to create high rental income. Foundation is provided which leads to financial success and it is positively long-term. There is greater flexibility and also property value gets increased in the process.
A Great Investment Strategy to Follow
Investment in dual occupancy properties could be a strategy that is highly rewarding and is well known for offering both immediate as well as long-term benefits. When it is about generating additional income, or increasing the value of the property or creating an option of versatile investment and adapting to the changing conditions of the market, the strategy of investing in dual occupancy is worth considering.
During the periods of transitioning of markets, savvy investors especially those who look forward to increasing the growth of capital with time consider investing in dual occupancy properties as it provides immense opportunities paving the way for greater profits.
Final Note
There are some investors who opt to sell the dual occupancy property once it has been constructed. This implies that they earn quite a lot to build something even bigger as well as better. There are still others who prefer to keep the property and ensure stronger flow of cash. There are others who live in one of the spaces and give the other space out for rent. There are other people who sell one part of the space and live in the other. It is upon the investor as to how he or she wishes to make the best use of the property of dual occupancy.
