As an investor in property in the Sydney area, you no doubt have your eye on quite a few different property styles. It is common to look for something that you know is a sure-thing in terms of an investment. With that being the case, have you ever thought about investing in duplex designs?
House designs in Sydney come in all shapes and sizes, but duplex designs are among the most popular at the moment. As an investor, you would love being able to own a duplex property. Luckily, numerous duplex builders exist within the area who could help you build your ideal property setup. Why, though, are duplex homes such a wise choice for investors looking to ensure they can make as much as they possibly can from the process of owning property and renting them out?
Two for the price of one
A duplex home does not have to simply be one giant house that can take up the size of two homes. Today, most developers and investors in Sydney will look to get two homes onto the plot of land. This means that you can add more investment opportunities by boosting equity and thus having more assets to use as collateral.
Over time, you will see the value of a duplex lot in Sydney hit a pretty positive peak. This can give you a chance to sell both lots down the line, or simply sell one. With the right investment, you could easily turn a duplex property development that cost you around $500,000 into two properties worth well into the region of $300,000 with enough work.
Therefore, you can make a sale on both properties down the line and see a really healthy return on your investment. By giving you the chance to get two homes into one property space without reducing living quality or standards, you can make sure that you can swell your asset ranks without having to really worry about anything.
Greater rental opportunity
Of course, if your aim is to build duplex homes and then make your living by renting them out, this is a wise choice too. You can now maximise your ability to turn a piece of land usually aimed at one property into land that you could easily use for rental for two homes.
This allows you to essentially double your rental income using the same plot of land as you would have been using anyway. That is a very useful and effective solution, and something that can really go all the way to ensuring you have every opportunity you need to enjoy the experience with some ease. It is easier to manage your properties when you know they are providing you with an excellent return on the investment you have made, after all!
So, if you want to try and capitalise on a potential rental opportunity, then duplex builds make that easy. Why not turn that plot of land that was for one home into a location that can house two homes?