What suburb should I live in? What style should I select? However, one of the most important choices you’ll have to make is deciding on the type of house to build. With several options on the market, our residential builders have concluded that a duplex is the best option for a first-time homeowner.
What is a duplex?
Before we get into why our residential builders recommend duplexes for first-time homeowners, let’s first discuss what a duplex is.
A duplex house contains two living units that are attached to each other. The living units can either be attached to each other (together this would be the duplex) or next to each other as townhouses or condominiums or, above each other as apartments.
The thought of building two units on one piece of land may contradict your vision of a single-family home and can appear to be a stressful venture, however, we’re confident that when you read the rationale from our residential builders, you’ll agree that a duplex is the best option for you.
4 reasons why our residential builders recommend a duplex for first-time homeowners in Sydney
Investment in your future
As a first-time homeowner, one of the major priorities you will have is investing in your future. Many homeowners look at their house as an investment. While an owned home is a great investment, it is even more valuable if it is a duplex.
As mentioned above, a duplex contains two homes that are either side-by-side or on top of each other. This quality raises the value of the home when compared to a standard home. Therefore, if later in life, you decide to sell your duplex, you are much more likely to get a higher price.
Second, because your property will contain two units, you can live in one and rent the other, thereby securing a form of income.
Allows you to expand your home as your family grows
A common project for many of our residentials is to construct additions or expand homes because of growing families. A duplex contains a built-in expansion–the second unit. Therefore, if your family grows and you decide that you need more room, you won’t have to uproot your life, you can simply turn the second unit into additional living space.
Overall lower costs
Many people are turned off of the idea of constructing a duplex because it requires a larger investment to build than a standard single-unit home, however, the duplex pays for itself. As a first-time homeowner, your budget will be tight which is why duplexes are a smart investment.
As duplexes have two single units attached together, you only have to pay utilities for one unit, if you rent the other. This extra stream of income and occupation of your second unit slashes your utilities resulting in overall, lower living costs.
This advantage goes for any prospective homeowner who is interested in building rather than buying. As you are building from the ground up, rather than buying a pre-designed home, you can completely customise your home’s design according to your lifestyle, your budget and your family’s needs.
While construction certainly has its drawbacks, with the help of FMR Building Services’ residential construction services and project management, you’ll experience a seamless process and be left with the home of your dreams.
Evidently, duplexes are an excellent choice for any homeowners, but particularly for first-time homeowners who want a versatile option that allows them to secure an extra stream of income. We hope that our residential builders help you make an informed decision for your next construction project. When selecting the type of home to build, always consider your needs as well as what is a smart investment.
Our residential builders can make this process much easier
At FMR Building Services, we won’t only help you make the decision about building your duplex, we’ll also guide you through the design of the duplex. We know that as first-time homeowners, the construction industry can be daunting and stressful, so our team will do our best to assist you.
If you’re in the Sydney metropolitan area, and you’d like advice regarding a residential build, or if you’d like to chat with one of our residential builders, email us at email@example.com or give us a call on (02) 9898 1626.