Planning to buy a new duplex house? If yes, there are so many things that you should know about a duplex. A townhouse is often confused as a duplex, but there are a few differences between a duplex and a townhouse. A duplex is essentially a two-storey home that is spacious enough to accommodate two families. A duplex can be located anywhere in the city. But before you consider buying a duplex, let’s take a look at a few things that you need to know.
As a duplex is a two-storey house, there is ample space for multiple families to reside. A duplex is essentially a structure divided into two separate apartments. These houses are apt for families with children. So, if you have a large family, then duplex can be a perfect choice for you.
As a duplex is spacious enough to accommodate more than one family, numerous people opt to rent half of their property. So, duplexes not only provide with an extra source of income but also assists in paying for some part of your mortgage as well.
A drawback of renting a part of your duplex is that it can cause a little discomfort. This discomfort is because the other family can be too loud or they may not take good care of your property since it is a rented one for them.
Space and privacy go hand-in-hand. When you own a duplex, you get ample space to have your share of privacy. This may not be possible with other types of houses such as condos or semi-detached houses. Also, you do not have to share basic facilities such as the backyard, parking lot, etc. if you own a duplex.
With a duplex, you have the option of using the free space for multiple purposes. Firstly, as mentioned above, you can rent out a part of your house and get additional income. You can use the free space to create a recreational area for children to have fun. Furthermore, if you work from home, then you can use a part of your duplex and have a separate room for office work. There will some tax deductions you can avail when you work from home such as utility bills, office rent, internet connections, etc.
Now that you know a few things about a duplex, you can accordingly decide if buying a duplex is the right choice for you or not. If you are still confused, then contact a real estate agent who will assist you in choosing the right property as per your budget and other requirements.