In today’s post, we are featuring a duplex. To those who are not familiar what a duplex is, this article tells you that “a duplex is a “multi-family” home that has two units in one building – regardless of how those homes are arranged.”
Buying a duplex can be a good investment. Since you have two units, you can live in one of the units while you rent out the other one. This way you can have a rental income while you live on your own investment property.
Eventually, home values will appreciate and you can double your income if you are planning to sell your property some 10 years or 20 years after. Duplexes can be great investments for both homeowners and landlords. If the duplex is located near the business center, you are assured of a whopping income because the value of your property increases when it is on high demand. However, owning a duplex has both advantages and disadvantages. Consider the following factors before buying a duplex.
The most common pros of buying a duplex are its affordability, additional income if you rent it out, more personal space than apartments, and you can choose the best location. While some of its cons are no guarantee of income – because there is no guarantee that you can find tenants rights away, getting the right tenants, noise because the two units share common walls, and the possibility that you will have bad neighbors.
If you weigh that the cons are way more appealing then it is just right for you to get a duplex.
This duplex that is featured today has 58 square meters total floor area for each unit. Each has three bedrooms, a toilet and bath room and one powder room. It is estimated for each unit to cost around Php2.6M to Php3 million pesos or around 60,000 US dollars.
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