Is A Duplex Better Than A Townhouse?

Rental properties come in a vast number of forms; therefore, real estate investors have a large variety of possibilities accessible to them to choose from.

On the road to monetary success in real estate, one of the most crucial phases is to locate the rental property that is best suitable to one's requirements.

Rental property investors often choose at least one sort of rental property that has been proven successful in the past.

A townhouse, as opposed to a duplex, is what we have here.

Let's have a look at the two choices simultaneously in order to determine which one of them would be preferable for your next buy by comparing and contrasting the two of them.

First things first: before we get started, let's take a moment to differentiate between a duplex and a townhouse.

The Differences

Structure and Design

A townhouse is a single-family dwelling that is joined to a row of other houses that are all the same but stand on their own.

Each townhouse in the row is identical to the others.

The townhouses on the street typically have a similar architectural style, which helps give the street an overall consistent appearance.

Consequently, the term "row homes" is sometimes used to refer to the properties in question. Townhouses are often multi-story structures with two to three floors that are placed on smaller lot areas. In most cases, these buildings are referred to as townhouses.

On the other hand, a duplex could appear to be a conventional single-family detached house at first glance.

However, if you look closer, you'll notice that there are distinct entrances on either side of the structure.

These entrances are located on the opposite side of the building.

This is as a result of the fact that a duplex structure is built of two separate units, each of which has its own kitchen, bedrooms, and bathrooms, in addition to the basic living areas.

In duplexes, the living area is often split across two floors.

Ownership

Another significant difference that can be made between a duplex and a townhouse is the ownership structure of the building in question.

When one lives in a townhouse, the individual who occupies the unit also owns the outside of the building and the land on which the structure is built.

This is because townhouses are usually attached to one another.

A duplex, on the other hand, is comprised of two independent living units, each of which is occupied by a different person; yet, the entire property, including the land on which it is situated, is owned by just a single person.

In order for the owner of the property to generate additional income from the property, it is common practise to rent out the second unit to a separate occupant.

Occupancy

As was said before, each townhouse serves as the residence of a single family, but each household in a duplex is made up of a completely separate set of people from one another.

Neighbours

At least one wall is shared by the residents of two adjacent units in a duplex or townhouse. This is not the case in a single-family detached dwelling.

However, because townhouses are laid out in rows, rather than in single-family detached homes, numerous units are clustered together in close proximity to one another.

This signifies that if your home is situated in the midst of a neighbourhood that is composed entirely of townhouses, you will have other units on both sides of your property.

This is the case even if your home has a corner lot.

When you live in a duplex, the wall that separates your apartment from the one that is right next to it is the only one that you share with your next-door neighbour.

In either scenario, it is absolutely necessary to select soundproof condos in order to prevent the noise from your neighbor's unit from seeping into your own and destroying the tranquilly you have worked so hard to achieve.

Presence of an HOA

On the other hand, the likelihood of a duplex being governed by a homeowners organisation is far smaller.

The majority of the time, the owner of the property or the landlord is the one who is responsible for developing the rules and regulations that he or she expects the renter to follow by.

These provisions are often included in the lease, and when the renter signs the agreement, it indicates that they are prepared to be held liable for any infractions of the regulations that are mentioned.

Common Areas

In addition to the private areas that are often found in townhouses, such as driveways and backyards, a community of townhouses may have amenities such as a swimming pool, a small playground, or even a park.

These amenities may be shared by residents of the community.

This is especially the case in neighbourhoods with a greater number of rows of houses, such as those that are more noteworthy.

On the other hand, if you decide to live in a duplex instead of a single-family home, you will have to get used to the notion of sharing a yard and a driveway with a neighbour who is somewhat close to you.

The bulk of the outdoor spaces are shared among the units that are close to one another.

This is the case even if some of the amenities, such as the in-unit laundry facilities, are private.

Cost

When it comes to determining how much townhouses and duplexes cost, one of the most significant considerations to make is the location of the property.

The value of each unit may also be affected by factors such as its dimensions, the amount of property taxes it pays, and the conveniences it offers.

It is possible that the buying price of a townhouse will be lower than that of a duplex, but this is not a guarantee.

This is owing to the fact that when you purchase a duplex, you are really acquiring two different apartments within the same structure.

The reason for this is as follows: It is not unheard of, on the other hand, to come across townhouses that are larger than certain duplexes; hence, this may not always be the case.

Considering beginning a brand-new undertaking? Builders in Melbourne provided by MJS Construction Group are the solution to your problem.

Investment Value

When compared with townhouses, investments in duplexes almost always produce a higher return than those in townhouses.

Assuming that you own both halves of a duplex, you have full control over the scheduling of any maintenance, repairs, or rentals that need to be done on the apartments.

Due to the fact that a Homeowners Association (HOA) is in charge of certain aspects of your unit, if you live in a townhouse, you don't have much of a choice but to satisfy the requirements and preferences of your neighbours.

The homeowner's organisation (HOA) that governs the complex could have a regulation that forbids residents from possessing dogs.

This restriction would apply to all of the townhouses in the complex.

This will have a detrimental influence on your list of prospective tenants, which will almost certainly have an undesirable impact on the amount of money you receive from your rentals.

Following an examination of the parallels and deviations shared by duplexes and townhouses, the following step is to compare and contrast the positive and negative aspects shared by each of the aforementioned kinds of living quarters.

Townhouse vs. Duplex: Costs & Budgeting

Townhome Costs

One of the reasons that townhomes are so popular is that they are comparable to other types of condominiums in the sense that they are more cost-effective than other types of condominiums due to the fact that townhomes share walls and possibly even share common areas.

This is one of the reasons why townhomes are comparable to other types of condominiums in the sense that they are comparable to other types of condominiums in the sense that they are comparable to other types. In contrast to homes designed for a single family, these have various advantages built right in.

On the other hand, in contrast to the ownership of an apartment or condominium unit in a building, which comes with its own set of maintenance tasks, townhouse ownership comes with its own set of responsibilities.

For instance, you can be responsible for ensuring that the condition of your roof is properly maintained.

In this case, the convenience of having the "condo association" take care of all of the upkeep that is required for the building's outside is removed.

Townhomes are something of a middle ground when it comes to the question of pricing.

Duplex Costs

You are the only owner of the vast majority of the duplexes that are being held for investment purposes.

This suggests that there will not be a condo organisation to assist you with the maintenance of the property and that you will be responsible for doing it on your own.

You will be better off financially if you own two flats of your own in addition to having one home that you rent out.

Your multifamily unit will have lower total expenditures per unit when compared to the price of building and landscaping for two single-family rental apartments.

This is because your multifamily unit will have more units. In addition to this, you will only need to maintain a single vendor list for both units.

You should be prepared to learn that the property taxes will be lower on a per-unit basis compared to what they would be for two single-family houses with comparable square footage.

This is something that you should anticipate finding out. There are a lot of distinct advantages that come with duplex flats, and one of these is the potential for cost savings.

Townhouse vs. Duplex: Flexibility and Control

In terms of adaptability and degree of management, the duplex is incomparable to the townhouse and will invariably emerge victorious in any contest between the two.

If you own both units of a duplex, you will have full control over its maintenance and repair needs, as well as the timing of its rental activities.

Because a condo association will be in control of many elements of your townhouse, you will be need to submit to the requirements and preferences of other individuals.

When you rent out a duplex, you have control over the vendor list, and you also have impact over the demand for rentals in ways that you do not have when you rent out a townhouse.

This is in contrast to the situation when you rent out a townhouse, in which you have no such control.

For illustration's sake, the townhouse may have a rule that specifies residents are not authorised to keep dogs.

This results in a decrease in the number of prospective renters who may rent from you, which, as a result, results in a decrease in your rental income.

When you are trying to decide whether type of investment property, a townhouse or a duplex, will be most beneficial for you, you should get started on your study as soon as possible.

You are able to obtain guidance in selecting which of the properties that have many apartments is the most suitable choice for you.

Check to see if you are allowed to rent out the space. It is important to note that having access to both sides of a duplex is a big benefit, but having access to only one side is a significant disadvantage.

Investigate in great depth the criteria controlling the usage of any townhouse that you are contemplating buying to ensure that it meets your needs.

Investing In A Duplex

If you are considering the purchase of a duplex as an investment property, one of the most crucial questions to ask yourself is whether or not you intend to occupy one of the two units.

This is one of the most critical questions to ask yourself when considering the purchase of a duplex.

It is conceivable that the advantages and disadvantages will shift in accordance with the choice that you, the landlord and owner, make.

It is conceivable that some of the characteristics of your living environment that are most important to you may need you to make concessions, such as living a significant distance away from your neighbours or in a certain neighbourhood.

Check out the many builder services Melbourne that we provide on our website so that you can make an educated option regarding your treatment.

If you want to be successful as an investor, you need shift your attention away from what you desire and instead give more thought to the property at hand and the sort of tenants or buyers that it is most likely to attract.

The kind of living environment that you choose can have both positive and negative effects on the value of the property, just like some of the aforementioned advantages and disadvantages can.

The possibility for revenue from house hacking is going to be the focus of more discussion in the next paragraph, and it is one of the most convincing arguments in favour of acquiring a duplex.

It is likely that the financial stability offered by a duplex will change if you do not indulge in house hacking.

This is something you should consider before making your decision.

If you continue reading, you will obtain a knowledge of the pros and downsides of investing in a duplex, taking into mind the fact that if you did so, your living arrangements would change.

Investing In A Townhouse

One of the most significant differences that can be noted between a duplex and a townhouse is that townhouse units share walls with one another, in a manner that is comparable to that of a condominium.

In addition to the front and back yards of the property, you could also have access to a small patio space if the property is laid out in a certain way.

When compared to a duplex or a single-family detached home, a multifamily housing often has a lower yard area, which in turn requires less maintenance.

This is one of the benefits of living in a multifamily dwelling.

When it comes to the method of acquiring financing, a townhouse is treated in the same manner that a "normal" house is and is given the same consideration.

When compared to the purchase of a single-family home, the purchase of a townhouse may frequently result in significant cost savings.

This is because townhouses are constructed on shared foundations, which results in economies of scale.

Before you make an offer on a neighbourhood that sells townhouses, you should first determine whether or not the members of that community are permitted to rent out their individual units.

There are a few of them that only permit residences to be occupied by their owners.

The guidelines are made readily available to consumers on a consistent basis, and it is desirable to go even farther.

Make it a point to get the trustees' point of view on the rental properties that are located inside the communities they oversee.

You should steer clear of purchasing a townhouse in a neighbourhood where the locals believe that rental units contribute to neighbourhood issues or if there are limits on how you may rent the property once you have purchased it because of any of these factors.

Duplex

Pros of duplex

• Greater potential return on investment The potential return on investment for duplexes, when compared to that of townhouses, is higher. This is true when looking at the long term. When you just own one of the apartments in a duplex, you have far less flexibility and control over the maintenance and repairs, as well as the scheduling for those repairs, in comparison to when you own both of the units in the duplex. If you choose to live in only one of the units, you have the option of renting out the other unit in order to generate additional rental income and, in general, a better interest rate over the course of time than you would receive if you invested in a traditional rental property. If you choose to live in only one of the units, you have the option of renting out the other unit in order to produce additional rental income.
• You will only have a common wall with one other apartment unit if you choose to live in a duplex instead of a single-family home. This is due to the fact that duplex flats are built in a way that allows each individual unit to have its own private entrance. As a result, your location will continue to exude a sense of relative seclusion.
  Options for personalisation made accessible as a result of ownership of a duplex include the following: when you own a duplex, you have more creative liberty to play around with the arrangement of your residence. If you live in an apartment complex that is managed by a property management firm, you have a lower chance of receiving permission from your landlord to add a personal touch to your unit than if you live in a complex that is managed by the landlord directly. This is true even if you are a tenant. Even if you are a tenant, you have a higher chance of convincing your landlord to let you make some personal touches to the apartment as long as you do it in a tasteful manner.
• If you want to get into real estate investment but don't know where to begin, purchasing a duplex is a great place to start because it gives you the option of living next door to your tenant and enables you to keep a close eye on your investment property. If you want to get into real estate investment but don't know where to begin, purchasing a duplex is a great place to start. If you are interested in beginning a career in real estate investment, purchasing a duplex is an excellent way to get your feet wet.

Cons of Duplex

Due to the limited number of duplexes that are now accessible, the rental market is not a location where it is simple to discover duplexes. As a direct result of this, the number of duplexes that can be found in urban regions is continuing to decrease and is becoming increasingly unusual.

You, as the owner of a duplex, are responsible for attending to the upkeep and repair requirements of both apartments, which may be a time- and labor-intensive endeavour that can also be rather costly. This duty is an example of an additional obligation that must be fulfilled.

Having the opportunity to live in close proximity to your tenant: If you own a duplex and choose to reside in either of the flats, you will be immediately adjacent to the individual who has rented the other unit in the building. As a consequence of this, disagreements are conceivable, and this is especially true in circumstances in which the landlord or the tenant has not established clear limits for their respective roles.

Townhouse

Pros of Townhouse

• Townhouses often cover two to three stories and can offer a lot of living space within a smaller footprint than detached single-family homes. Because of this, they are quite well received by households with children.
• Found in metropolitan places a lot of the time. You have the possibility to live closer to your place of job if you choose to reside in a townhouse, since townhouses are typically located in metropolitan areas. This will cut down on the amount of distance you need to drive each day.
• Availability of a wide range of conveniences — Access to a number of facilities, such as swimming pools and playgrounds, can also be available to you, in addition to the possibility of having private spaces such as driveways and backyards.

Cons of Townhouse

• You are still responsible for your own maintenance regardless of whether or not there is a homeowners association in the area. You are still responsible for your own upkeep regardless of whether or not there is a homeowners organisation in the area. For instance, if there is a leak in your roof, it is probable that you may be expected to pay for the repairs necessary to correct it.
• It may be difficult for you to make alterations to your property or even rent it out if the HOA has established rules that prevent you from doing so. HOAs have the potential to be more restrictive in some neighbourhoods.

Townhomes and Duplexes are Great For Investors

• One thing that townhouses and duplexes have in common is that they are both excellent choices for real estate investments. This is one of the characteristics that the two different kinds of homes share in common. For example, when you examine the potential of owning a large number of residences, you put yourself in a position to enjoy a variety of important advantages.
• In addition to the lower overall expenses that we covered before, there is also a reduction in the amount of effort required for maintenance. For instance, if you owned three townhomes in a row or both sides of a duplex, you would only need to travel to a single location to deal with any issues. In addition to the decreased expenses, which were covered before, this is another benefit.

A Completely Different Option

If you are concerned about how much something will cost you, you should look into the single-family detached houses that go under the Evolve brand.

These homes are among the most affordable options we have.

The home-building process for these residences has been streamlined to cut costs, and we would be pleased to pass those savings on to you.

This simplification was done in order to minimise expenses. It is possible for you to get an Evolve house at a price that is consistent with your financial plan; however, this will be contingent not only on the size of the home you desire but also on the supplementary features that you want to be included in it.

You've come to the correct site if you're seeking for a builder in Melbourne who combines great quality with reasonable prices.

Be sure to look at MJS Construction Group!

People who are seeking for pleasant living at a price range that is affordable may want to think about townhouses, duplexes, or our Evolve homes, which offer affordability within the context of the traditional detached type of dwelling.

You should now have a reasonable sense of the difference between the styles; but, there is nothing quite like experiencing those differences in person. Seeing the differences in person may be quite helpful.

Content Summary

• On the road to monetary success in real estate, one of the most crucial phases is to locate the rental property that is best suitable to one's requirements.
• Rental property investors often choose at least one sort of rental property that has been proven successful in the past.
• A townhouse, as opposed to a duplex, is what we have here.
• Let's have a look at the two choices simultaneously in order to determine which one of them would be preferable for your next buy by comparing and contrasting the two of them.
• First things first: before we get started, let's take a moment to differentiate between a duplex and a townhouse.
• The Differences Structure and DesignA townhouse is a single-family dwelling that is joined to a row of other houses that are all the same but stand on their own.
• Each townhouse in the row is identical to the others.
• These entrances are located on the opposite side of the building.
• OwnershipAnother significant difference that can be made between a duplex and a townhouse is the ownership structure of the building in question.
• When one lives in a townhouse, the individual who occupies the unit also owns the outside of the building and the land on which the structure is built.
• A duplex, on the other hand, is comprised of two independent living units, each of which is occupied by a different person; yet, the entire property, including the land on which it is situated, is owned by just a single person.
• In order for the owner of the property to generate additional income from the property, it is common practise to rent out the second unit to a separate occupant.
• OccupancyAs was said before, each townhouse serves as the residence of a single family, but each household in a duplex is made up of a completely separate set of people from one another.
• NeighboursAt least one wall is shared by the residents of two adjacent units in a duplex or townhouse.
• This is not the case in a single-family detached dwelling.
• However, because townhouses are laid out in rows, rather than in single-family detached homes, numerous units are clustered together in close proximity to one another.
• This signifies that if your home is situated in the midst of a neighbourhood that is composed entirely of townhouses, you will have other units on both sides of your property.
• This is the case even if your home has a corner lot.
• When you live in a duplex, the wall that separates your apartment from the one that is right next to it is the only one that you share with your next-door neighbour.
• In either scenario, it is absolutely necessary to select soundproof condos in order to prevent the noise from your neighbor's unit from seeping into your own and destroying the tranquilly you have worked so hard to achieve.
• Presence of an HOAOn the other hand, the likelihood of a duplex being governed by a homeowners organisation is far smaller.
• The majority of the time, the owner of the property or the landlord is the one who is responsible for developing the rules and regulations that he or she expects the renter to follow by.
• These provisions are often included in the lease, and when the renter signs the agreement, it indicates that they are prepared to be held liable for any infractions of the regulations that are mentioned.
• Common Areas
• In addition to the private areas that are often found in townhouses, such as driveways and backyards, a community of townhouses may have amenities such as a swimming pool, a small playground, or even a park.
• These amenities may be shared by residents of the community.
• This is especially the case in neighbourhoods that have a greater number of rows of houses, such as those neighbourhoods that are more noteworthy.
• On the other hand, if you decide to live in a duplex instead of a single-family home, you will have to get used to the notion of sharing a yard and a driveway with a neighbour who is somewhat close to you.
• The bulk of the outdoor spaces are shared among the units that are close to one another.
• This is the case even if some of the amenities, such as the in-unit laundry facilities, are private.
• CostWhen it comes to determining how much townhouses and duplexes cost, one of the most significant considerations to make is the location of the property.
• The value of each unit may also be affected by factors such as its dimensions, the amount of property taxes it pays, and the conveniences it offers.
• It is possible that the buying price of a townhouse will be lower than that of a duplex, but this is not a guarantee.
• This is owing to the fact that when you purchase a duplex, you are really acquiring two different apartments within the same structure.
• Considering beginning a brand-new undertaking?
• Builders in Melbourne provided by MJS Construction Group are the solution to your problem.
• Investment Value
• When compared with townhouses, investments in duplexes almost always produce a higher return than those in townhouses.
• Assuming that you own both halves of a duplex, you have full control over the scheduling of any maintenance, repairs, or rentals that need to be done on the apartments.
• Due to the fact that a Homeowners Association (HOA) is in charge of certain aspects of your unit, if you live in a townhouse, you don't have much of a choice but to satisfy the requirements and preferences of your neighbours.
• This restriction would apply to all of the townhouses in the complex.
• This will have a detrimental influence on your list of prospective tenants, which will almost certainly have an undesirable impact on the amount of money you receive from your rentals.
• Following an examination of the parallels and deviations shared by duplexes and townhouses, the following step is to compare and contrast the positive and negative aspects shared by each of the aforementioned kinds of living quarters.
• Townhouse vs. Duplex: Costs & Budgeting Townhome CostsOne of the reasons that townhomes are so popular is that they are comparable to other types of condominiums in the sense that they are more cost-effective than other types of condominiums due to the fact that townhomes share walls and possibly even share common areas.
• This is one of the reasons why townhomes are comparable to other types of condominiums in the sense that they are comparable to other types of condominiums in the sense that they are comparable to other types In contrast to homes designed for a single family, these have a variety of advantages that are built right in.
• On the other hand, in contrast to the ownership of an apartment or condominium unit in a building, which comes with its own set of maintenance tasks, townhouse ownership comes with its own set of responsibilities.
• For instance, you can be responsible for ensuring that the condition of your roof is properly maintained.
• Townhomes are something of a middle ground when it comes to the question of pricing.
• You are the only owner of the vast majority of the duplexes that are being held for investment purposes.
• This suggests that there will not be a condo organisation to assist you with the maintenance of the property and that you will be responsible for doing it on your own.
• You will be better off financially if you own two flats of your own in addition to having one home that you rent out.
• Your multifamily unit will have lower total expenditures per unit when compared to the price of building and landscaping for two single-family rental apartments.
• This is because your multifamily unit will have more units.
• In addition to this, you will only need to maintain a single vendor list for both units.
• You should be prepared to learn that the property taxes will be lower on a per-unit basis compared to what they would be for two single-family houses with a comparable square footage.
• There are a lot of distinct advantages that come with duplex flats, and one of these is the potential for cost savings.
• Townhouse vs. Duplex: Flexibility and ControlIn terms of adaptability and degree of management, the duplex is incomparable to the townhouse and will invariably emerge victorious in any contest between the two.
• If you own both units of a duplex, you will have full control over its maintenance and repair needs, as well as the timing of its rental activities.
• Because a condo association will be in control of many elements of your townhouse, you will be need to submit to the requirements and preferences of other individuals.
• When you rent out a duplex, you have control over the vendor list, and you also have impact over the demand for rentals in ways that you do not have when you rent out a townhouse.
• This is in contrast to the situation when you rent out a townhouse, in which you have no such control.
• When you are trying to decide whether type of investment property, a townhouse or a duplex, will be most beneficial for you, you should get started on your study as soon as possible.
• You are able to obtain guidance in selecting which of the properties that have many apartments is the most suitable choice for you.
• Check to see if you are allowed to rent out the space.
• It is important to note that having access to both sides of a duplex is a big benefit, but having access to only one side is a significant disadvantage.
• Investigate in great depth the criteria controlling the usage of any townhouse that you are contemplating buying to ensure that it meets your needs.
• Investing In A DuplexIf you are considering the purchase of a duplex as an investment property, one of the most crucial questions to ask yourself is whether or not you intend to occupy one of the two units.
• This is one of the most critical questions to ask yourself when considering the purchase of a duplex.
• It is conceivable that the advantages and disadvantages will shift in accordance with the choice that you, the landlord and owner, make.
• It is conceivable that some of the characteristics of your living environment that are most important to you may need you to make concessions, such as living a significant distance away from your neighbours or in a certain neighbourhood.
• If you want to be successful as an investor, you need shift your attention away from what you desire and instead give more thought to the property at hand and the sort of tenants or buyers that it is most likely to attract.
• The kind of living environment that you choose can have both positive and negative effects on the value of the property, just like some of the aforementioned advantages and disadvantages can.
• The possibility for revenue from house hacking is going to be the focus of more discussion in the next paragraph, and it is one of the most convincing arguments in favour of acquiring a duplex.
• It is likely that the financial stability offered by a duplex will change if you do not indulge in house hacking.
• This is something you should consider before making your decision.
• If you continue reading, you will obtain a knowledge of the pros and downsides of investing in a duplex, taking into mind the fact that if you did so, your living arrangements would change.
• Investing In A TownhouseOne of the most significant differences that can be noted between a duplex and a townhouse is that townhouse units share walls with one another, in a manner that is comparable to that of a condominium.
• In addition to the front and back yards of the property, you could also have access to a small patio space if the property is laid out in a certain way.
• When compared to a duplex or a single-family detached home, a multifamily housing often has a lower yard area, which in turn requires less maintenance.
• This is one of the benefits of living in a multifamily dwelling.
• When it comes to the method of acquiring financing, a townhouse is treated in the same manner that a "normal" house is and is given the same consideration.
• When compared to the purchase of a single-family home, the purchase of a townhouse may frequently result in significant cost savings.
• Before you make an offer on a neighbourhood that sells townhouses, you should first determine whether or not the members of that community are permitted to rent out their individual units.
• Make it a point to get the trustees' point of view on the rental properties that are located inside the communities they oversee.
• You should steer clear of purchasing a townhouse in a neighbourhood where the locals believe that rental units contribute to neighbourhood issues or if there are limits on how you may rent the property once you have purchased it because of any of these factors.
• Duplex Pros of duplex Greater potential return on investment The potential return on investment for duplexes, when compared to that of townhouses, is higher.
• This is true when looking at the long term.
• When you just own one of the apartments in a duplex, you have far less flexibility and control over the maintenance and repairs, as well as the scheduling for those repairs, in comparison to when you own both of the units in the duplex.
• If you choose to live in only one of the units, you have the option of renting out the other unit in order to generate additional rental income and, in general, a better interest rate over the course of time than you would receive if you invested in a traditional rental property.
• If you choose to live in only one of the units, you have the option of renting out the other unit in order to produce additional rental income.
• You will only have a common wall with one other apartment unit if you choose to live in a duplex instead of a single-family home.
• Options for personalisation made accessible as a result of ownership of a duplex include the following: when you own a duplex, you have more creative liberty to play around with the arrangement of your residence.
• If you live in an apartment complex that is managed by a property management firm, you have a lower chance of receiving permission from your landlord to add a personal touch to your unit than if you live in a complex that is managed by the landlord directly.
• This is true even if you are a tenant.
• Even if you are a tenant, you have a higher chance of convincing your landlord to let you make some personal touches to the apartment as long as you do it in a tasteful manner.
• If you want to get into real estate investment but don't know where to begin, purchasing a duplex is a great place to start because it gives you the option of living next door to your tenant and enables you to keep a close eye on your investment property.
• If you want to get into real estate investment but don't know where to begin, purchasing a duplex is a great place to start.