Duplex Homes - the ideal option for investors and tenants

Smart homeowners as well as real estate investors are always on the lookout for possibilities that are new and also exciting in this market which is extremely dynamic. The very concept of two different people living in one dwelling is gaining traction in the present time. This innovative form of building has actually become a popular choice of investment and also a great solution to many issues of housing. 

Dual Occupancy Investment - a lucrative investment option

While it is about maximisation of the assets of real estate and at the same time tackling the various issues associated with present day living then dual occupancy which is also sometimes known as dual living or duplex houses would just be the perfect prospect. 

So why exactly is the world of duplex houses gaining popularity? Understanding the very idea or rather the concept of duplex houses is extremely important. 

The basic idea of a duplex revolves around the fact that there are basically two dwellings on the same plot of land. It is like building a big house which is then divided into two so that the two units can actually be used in an independent manner.

• Yet another way of looking at the concept is that this form of building actually leads to the generation of two separate streams of income for the concerned investor. 

• In case of duplex houses where there are two homes on a single piece of land it leads to saving of funds associated with stamp duty as well as maintenance.

•  By being the owner of two properties it opens the door to two different sources of rental income. 

• Thus Dual Occupancy Investment is a great way to build wealth. Also if the need arises then one half of the duplex can be sold whereas the other half can be kept as it is. 

• Dual occupancy properties are really good options for investment and one important reason for this is because of their cash flow potential. 

• However the factor of location needs to be kept in mind and should be given considerable priority before investing in the dual occupancy property. 

• The biggest advantage is that dual occupancy properties generate higher rental income when compared to single properties in the same area. 

Property Investment could never have been better

• The most rewarding aspect associated with dual occupancy homes is that two dwellings can be built on the same plot of land and then they can be sold separately. 

• It is always advisable as well as a cost-effective process to demolish the house that is existing and build two brand new homes on the land or site than to have the old one preserved and carry on with the activities of renovations as well as remodelling. 

• Dual Occupancy Investment implies the investor or the owner shall have two different properties to be added to his or her portfolio and this is made possible by just a single construction. 

• When ideal locations are selected for the dual occupancy property then adds to the convenience of the residents as facilities and services are easily available.  

Duplex Homes - A Convenient Option

The prices of housing have skyrocketed to considerable amounts. It is becoming increasingly difficult to buy new houses. So it is better to switch over to dual occupancy properties. Bet it for investors or for tenants, dual occupancy properties provide a lot of advantages to both. A number of issues of living are sorted out by these properties. If the question of privacy arises then duplex homes are the wisest and the best solution or answer to it. There are professional designers who can give the duplex home the best and the most convenient design possible. 

Having a single home on a plot of land has a lot of value but when the same land is put to use and a duplex home is built then it further increases the value of the land. So the best benefits out of the property can be reaped by building a duplex home. Especially for blocks which are large enough and can be split into two, the prospect can actually prove to be a lucrative one. When it comes to Property Investment, duplex homes are a great option. 

SMSF and Duplex Homes

When a dual occupancy property is being constructed and the payment for it is given by means of the self managed super fund then that can actually increase the retirement savings and that enable one to live a life that was chosen once the person concerned retires. For the retired people the trend that is very popular is that one half of the property is used for the purpose of living whereas the other half is rented out and this type of Property Investment is always preferred.  

A duplex home is ideal for individuals who are interested in investing in the sector of real estate. Also it should be mentioned here that this kind of property is best suited for grandparents who are eager to come closer to their grandchildren. 

Purchasing a house that can be used for the purpose of living as well as for working is a great way to deal with the market of real estate. The danger level is minimal as the value of the house shall be there and so will be the rent which will actually give a great return. 

Final Note

Dual occupancy property or duplex homes are a great choice for both investors as well as people who are planning to reside there as tenants. A plethora of benefits are associated with duplex homes and considering the present situation of the real estate market, investing in dual occupancy property brings with it a lot of benefits and opportunities.  

An Investment Strategy that is Highly Rewarding - Dual Occupancy Investment

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.