Our residential drafting experts in Sydney explain that we all love to get a great deal, which is why many home builders may be tempted by the idea of getting two homes for close to the price of one.
Although it costs more to build a duplex than a single freestanding house, it’s usually cheaper than building two houses, and because both dwellings are on the same block, the land costs less than two separate lots.
A duplex is a single residential building with two dwellings under the one roof and a dividing wall between. Also known as a dual occupancy, each side is a completely separate home, with its own entrance, amenities and yard.
Duplexes are sometimes on one title, meaning both halves must be sold together. If a duplex is subdivided into two separate titles, each home can be sold separately.
The biggest appeal for investors is the value added to the property when a duplex development is complete. Investors often live in one side and rent out the other.
Two rental incomes from one asset can also entices investors, with rental often above average through a higher square-metre rate.
To find out how the team at Go Design Solutions can help you to build your dream duplex, simply contact us today.