Looking to get your foot in the property market? Andrew Winter gives you the lowdown on the benefits of dual occupancy for first time homeowners!
Buying a property suitable for dual occupancy can be a great way to get started as a home owner. Duplexes can be great investments. These are some of the unique set of advantages that dual occupancy can offer:
- One of the big advantages is the option to rent one side out while you live in the other. This is particularly attractive for those just entering the market, as you can subsidise your own housing costs.
- It can also suit those buyers looking for affordability in high demand areas.
- It can be an ideal set up if you had an elderly parent to look after as duplexs offer flexibility you can split the purchase with family or investment partners.
While duplexes offer more privacy than apartment living, you do still share a yard and as is the case with this house, the laundry.If your duplex is your primary residence then you may have the ability to use the potential rental income factored into the financing. It will depend on how the lender views you!
So if don’t mind sharing your garden, it’s a great way to get started as a homeowner!
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