Is a duplex a good real estate investment?

Are you looking for a new home? Maybe you’re considering a duplex or triplex as an investment property. Or maybe you’re just curious about what a duplex home is and how it works.

Whatever your reason for wanting to know more about duplexes, you’ve come to the right place. Here at SousaSells.ca, we’re experts on all things real estate, including duplexes.

What is a Duplex

So, what is a duplex home? A duplex is a type of home that consists of two units, usually side by side. Each unit has its own entrance, kitchen, bathroom, and so on. Duplexes are often owner-occupied, meaning that one person lives in one unit and rents out the other.

Real estate Investing

Duplexes can be a great investment, whether you’re looking to buy or rent. They’re often more affordable than single-family homes, and you can generate income by renting out the other unit.

If you’re considering buying or renting a duplex, there are a few things you should keep in mind. First, check with your local zoning laws to make sure that duplexes are allowed in your area. Second, be sure to budget for two sets of utilities (electricity, gas, water, etc.) and two sets of insurance premiums.

Being a landlord

Finally, remember that being a landlord comes with its own set of responsibilities. You’ll need to screen tenants, collect rent, handle repairs and maintenance, and so on. But if you’re up for the challenge, owning a duplex can be a great way to invest in real estate.

Still have questions about duplexes? We’re here to help. Contact us today to learn more about this type of home and how it could work for you.

 

Thinking of Buying, Selling or Investing? Feel free to contact me with any questions about Real Estate!

Tony Sousa
Tony@SousaSells.ca,
416-477-2620

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