Duplexes are usually seen in cities, but when building a custom home, they are rarely thought about despite the benefits they give homeowners and investors.
What's a Duplex or Multiple-Family Home?
A duplex house may be uncommon in the suburbs but is prevalent in more densely populated urban areas due to its space-saving floor plan. The duplex is a multi-family house with two units sharing a common wall. The floor plans can vary significantly, with units being side by side or stacked on top of one another, each home occupying an entire floor or two sides of one building.
The separation of only two units makes it an ideal house for both investors keen on being landlords or families wanting a multigenerational lifestyle:
- For the landlord, it's easier to manage two tenants or one next door if choosing to occupy one of the units.
- For the family, the closeness alongside separate living spaces means privacy with proximity.
The advantages of duplex house plans:
A Duplex Can Give You Rent Income
Whether you own the custom-built duplex and live there or not, you have an additional income stream by renting out the other unit without losing your privacy.
A Duplex Can Help You Live a Spacious Multigenerational Lifestyle
Multigenerational living requires much more space, and many turn-key homes lack the floor plan to deliver privacy with proximity. A duplex solves both problems by design.
A Duplex Can Give You Multiple Financial Advantages
Building a duplex in areas experiencing population growth and economic development tends to appreciate faster, increasing the property’s value, which is vital if you ever decide to sell. Also, owning a duplex gives the owner various tax benefits, such as property tax deductions, depreciation deductions, and expenses related to maintaining it if renting out one or both units.
Built the HiLine Homes Way
Providing affordable and quality homes for nearly 30 years, HiLine Homes have developed a streamlined construction process for efficient home-building. Our expert team of Home Consultants will help you find land to build on, choose your HiLine Homes building program, and select your floor plan. We would be with you every step of the way up to putting the finishing touches to your home.
In addition, our approved lenders can help you find the best financing solutions (with 100% financing on selected lenders) to build a home on your land!
Ready to get started? Contact your local Home Consultant about the features you’d like for your duplex home and what plan works best for your property!
