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Knowing These 5 Secrets Will Make You Buy Dual Occupancy Homes

Have you ever dreamt of buying your dream home? Of course, you have. However, when it comes to buying a home, people are always in a dilemma regarding the multiple types of homes available.

According to  close to 66% of Australians owned a household, with or without their homes. So, if you are planning to buy a property soon, this article will help you buy the right home!

Dual Occupancy Homes – The Best Investment:

When you are buying homes, there are a lot of different types of property that you will come across. You will find bungalows and duplexes, with a huge backyard, or you may also find lavish and furnished apartments. However, if you want value for your money, you should always invest in a Dual Occupancy Home. These kinds of homes have become quite a rage in the last decade.

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Dual Occupancy Homes are nothing but a single building, equally divided into two living areas, symmetrical and separable. They have private entrances and both the halves are not connected with each other. This means that two different families can share the building and have the privacy of their own, just like buying a different home.

Usually, the building is separated from the middle, and both the halves access two different floors. Still, some dual occupancy homes also have individual floors.

With a dual occupancy home, you get private entrances, and you can share the outdoor areas, as well. This kind of housing alternative has become increasingly popular in Australia, as there is a rise in the aging population as well as students, looking for cheaper accommodation!

So, if you have understood what dual occupancy homes mean, let’s look at the reasons why you should invest in them:

1. You Pay For One Property But Own Two

When you are buying a dual occupancy home, you may think that you’re making a hefty investment, but if you look at the upsides, it is worth it.  

Since you are getting two properties, you can decide to move in on one side of the dual occupancy home and rent the other.

This is a good investment for people who are buying their first home. Also, many realtors prefer buying these kinds of houses as the revenue generation opportunities on these kinds of dual occupancy homes are quite unparalleled.

2. You Can Utilize It To Generate Revenue On A Regular Basis.

If you are wondering what will you do with such a big property while the members in your family are limited, here’s your answer: Move into the first half, and lease out the other to a family. You will find a lot of takers for the same because hey, who doesn’t like affordable housing in a good property, and also in a likable neighborhood.

If you are not planning to move in at all, you can put both of them on lease. This will ensure the routine income of money, apart from the rising rate of real estate for resale purposes.

However, you may have to plan your property in a rightful manner, if you want to make money. For instance, you should have separate garages, lawn space, etc. to jack up the rent!

3. How low will be the Maintenance Expenses for the Property?

These kinds of estates fall under the category of affordable housing. So, the maintenance cost will be on the lower side, and the other mandatory expenditure like property taxes, amenities charges’ like electricity, water, etc. will still be lower.

If you have bought a new dual occupancy home, the appliances will also have a longer shelf life!

There Are So Many Takers For The Property

With Australia buzzing with elderly couples who want their own home but a lower floor space and students who want to share the rent – dual occupancy homes are always in demand.

Both these age groups want to enjoy the comfort of a home but at a lower budget. When you offer all that they are looking for at an affordable rent, you will always have a line of takers ready Dual Occupancy Homes – The Best Investment

When you are buying homes, there are a lot of different types of property that you will come across. You will find bungalows and duplexes, with a huge backyard, or you may also find lavish and furnished apartments. However, if you want value for your money, you should always invest in a Dual Occupancy Home. These kinds of homes have become quite a rage in the last decade. Dual Occupancy Homes are nothing but a single building, equally divided into two living areas, symmetrical and separable. They have private entrances and both the halves are not connected with each other. This means that two different families can share the building and have the privacy of their own, just like buying a different home.

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James

I am James, an enthusiast who loves to travel and explore the world. Not only travelling is what I love in fact, I write travel blogs too, in order to entertain people and show them how important travelling is. I am a passionate writer and by profession

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