A dual living house plan is a smart idea when you are building a new home. This type of home refers to a single building on a piece of property that is designed with two separate living spaces.ENQUIRE NOW
Allowing two families to live in the home simultaneously while maintaining their own privacy. There are a number of important advantages to dual living.
As the Australian population ages and shifts to urbanised areas, the popularity of dual living home designs in Sydney is increasing. These dwellings have been popular in the United States for years, known as duplexes or multi-family houses, and are now gaining popularity in Australian capital cities like Melbourne and Sydney. These homes are particularly appealing for students, young professionals, and the elderly population.
There are a number of benefits to dual living homes that benefit homeowners of all ages and stages of life.
There are significant investment benefits to dual living home designs in Sydney. Investors will realize stamp duty savings and tax benefits. The build itself is simple, with one construction and design team working on a project that basically results in two houses for the effort and price of one. Rental expectations in a dual living home are generally lower per rental unit because the property is shared, but the double rent usually adds up to more than the one rent that would be obtained from a traditional single storey home.
The buying and selling process is also more flexible for potential investors because you can maintain the title while renting out one or both of the property’s dwellings. Holding on to the property long-term can also generate solid capital growth, as dual living home designs will usually sell for more per square foot due to the flexibility of the floorplan, rental income potential, and multitude of usage options.
The vast number of benefits to a dual living house plan makes it a smart choice for a primary residence or for an investment property. The flexibility to rent a unit for significant income potential or to use it to provide additional privacy for older children or to keep aging family members close make this an attractive option for people at all stages of life.