12/07/2021
🏠3 Tips for Building a Duplex ☑
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Why build one house when you can build two and pocket some cash? Building a duplex offers you the opportunity to live in the location you desire for a fraction of the cost.
Although it might cost more to build a duplex than a single freestanding home, the potential for profit is nothing to be sniggered at. Why’s that?
Simply because there are two dwellings on one block, and the land costs less than two separate blocks. Here’s what you need to know if you’re looking to build a duplex.
With two homes on one block, a duplex is a great way to save on land costs.
🏠A duplex is a residential building containing two homes that share a central wall. You create two big homes, sell one, and pay off all of your build costs plus half your mortgage.
Not all blocks are suitable to build a duplex on, however. Ideally, you want a block that is level, without too many trees and that has a slight fall to the street.
🏠If you build a duplex, it can provide you with enough cash to cover the cost of the build and a substantial amount of your mortgage.
It’s also essential to decide how you will use the duplex; for example, will this build be used for yourself as a forever home, or as an investment property, in which case the design must be cost-effective. To get started, the first thing you should do if you want to look at building a duplex is to contact a builder who has extensive experience with duplexes and can bring this expertise to your plans.
❗Here are three top tips for building a duplex.
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1. Choose an open-plan layout with natural light
Natural light is essential in any renovation or new build, and the same goes for a duplex. Ideally, the ground floor should be filled with natural light; for example installing massive glass doors that open up to the yards and oversized kitchens can maximise this.
2. Look at trendy designs
If one half of your duplex will be used as an investment property, it’s important to consider how your build will push the boundaries in design. Ultimately, you want the property to be a step above the rest so buyers are willing to fight over it.
3. Plan to move fast
Expert advises: “When signing on a builder don’t just look at their price, look at the quality of their work; for example do they have a track record of building duplexes and does their product sell well? How fast can they complete the work?”
Source: Alexandra O’Brien Article
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