Just like every real estate property, building a duplex is a great investment for homeowners and landlords, albeit it still comes with its unique advantages and disadvantages. This article highlights the things you should know before buying or building a duplex.

Duplexes are houses that are divided into two separate units, but essentially share the same building. Building a duplex can come in different forms and for different reasons. Most people go for duplexes, whether they are buying or building with the intention of living in one of the units and renting the other out, while some other people just rent out the whole lot. We also have other instances where the owner leaves in one unit then keeps the other furnished as a guest house.



The aforementioned premises make owning a duplex a viable option of investment in property. The possibilities of its ownership are quite flexible. However, just like everything in life, it is not all rosy with any investment in duplexes. Though the basic understanding of what a duplex is tends towards good, that doesn’t mean you shouldn’t still weigh the pros and cons of owning a duplex before you hurriedly put your signature on the dotted lines



Here is a brief of what you know before buying or building a duplex;



PROS



1. You recover money expended

By renting out the second unit, you will be on your way to recovering your finances, especially if you had to break the banks to invest in the property. Money gotten from rent will help in your recovery phase and help you plan ahead. Though, you may not be able to permanently count on that income.



2. Duplexes are cheaper

Duplexes are generally more affordable than a lot of houses in the same area. Considering that a duplex is basically two houses, the fact that they′re cheaper than most single family houses is worth thinking about.



3. Rent to a friend or family member



A duplex may just be the best option for you if you need to be close to a friend or family member yet still need your privacy either as a single or married person.



4. Future benefits



When all is said and done or at that time of your life when you’ve attained full stability, you might decide to move out and rent both sides of the duplex for an even bigger boost to your income



CONS

ctd on https://destinykingpropertynews..com.ng

duplex is a waste if time and money. Beta build 2,3,4 bedroom flat/mini self contain apartments. that peep can rent than duplex. Abi wetin u go put there wen all ur family don comot and live on their own?

Duplex gives comfort than flats

ipobarecriminals:
duplex is a waste if time and money. Beta build 2,3,4 bedroom flat/mini self contain apartments. that peep can rent than duplex. Abi wetin u go put there wen all ur family don comot and live on their own?