Sunday, 13 January 2019

Merits And Demerits Of Investing In Duplex Apartment



How a duplex apartment differs from a normal apartment or flat? Generally, a duplex apartment has two separate entrances. The units can be on the same floor side by side or on separate floors. In the single-storeyed one, the two units are separated by a common wall. A duplex apartment is considered as a great investment choice both for homeowners and landlords. Here is a short note on the pros and cons of investing in a duplex apartment.

Advantages

1.    An affordable investment choice
A duplex apartment is a less expensive choice. Those who have a modest investment budget, duplex apartment is s great choice.

2.    Source of additional income
By renting it out either for a commercial or residential purpose you can generate regular income from it. Which makes it even more affordable.

3.    Easier to sell
It is very easy to sell a duplex apartment because of the higher demand and it shows a positive reselling value.

Disadvantages

1.    Live with your tenants
Living next to your tenant can affect your privacy so you should select the right tenant for you.

2.    Limited location options
Limited location options is a major disadvantage of duplex apartments.

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