A duplex is a residential architecture that is divided into two separate living spaces, either on separate floors or side by side. It is planned in such a way that the two spaces have different entrances under one common roof.
According to the best architectural firms in India, a duplex is a multi-family home that offers various benefits of a standard residential house like comfort and privacy. It is usually affordable than single-family homes and can be an efficient investment option for buyers.
Here are 4 major advantages of buying duplex homes:
According to the top architectural firms in India, duplex homes are generally located in affordable and modest neighbourhoods. They are a great option for first-time buyers that long for an inexpensive entry point into the real estate market. Buying a duplex home is also a great investment option that can produce strong value growth and surged rental yields at lower prices. It increases the profit margin of investors and maximizes their degree of return on investment (ROI).
Having a duplex home can help people with their mortgages. According to the top architects in India, a duplex is able to generate equity quickly (depending on situations). People can buy a duplex and live in one space while renting the other. It helps homeowners to produce double mortgage payments on a monthly basis that subsequently reduces their mortgage term. This eventually reduces the interest amount and accelerates home equity. Renting out one space also makes the owner enjoy an extra source of income and surged cash flow.
Introduction to the Real Estate Market
The top grade house architects in India believe that investing in a duplex home can provide inexperienced property owners a great learning curve with respect to the real estate market. Living on one side of a duplex and renting the other one to a tenant not only generates extra income but also introduces people to the property investment game. It makes them learn about landlord-tenant laws along with various agreements and documentations.
Keeps Families and Elderlies Close
Since a duplex provides two different living areas under one roof, it allows people to keep their extended families close. With no compromise on privacy, space and living standards, people can stay close to their elderlies (ageing parents or grandparents) who need extra care, attention and supervision.
According to the best residential architects in India, buying a duplex home is leveraged with various cost and personal benefits. It not only pleases people with short-term benefits but also empowers them with many long-term ones.