Invest in a Stroud Homes Duplex Dwelling
With land being scarce all around New Zealand at the moment, the need to create a home that fits a multi-generational family is rising, which means there has never been a better time to invest in a duplex.
In this blog we’d like to talk about all the benefits of building a duplex for you as the homeowner, and how we at Stroud Homes Bay of Plenty, are able to help.
A duplex design consists of two fully separate dwellings that can be sold under separate titles.
The homes are joined by a common ‘party wall’, and requires some additional paperwork with council, including meeting the relevant zoning requirements.
Duplexes and Dual Occupancy or attached granny flats allow you to live in the home but also rent out a separate dwelling or portion creating a side income to assist with cost and loan repayments.
A duplex does not require subdividing of your section as the dwellings are adjoined, a minimum duplex requires 325m2 of section per dwelling to comply with the local City Plan.
Constructing a duplex as an investment also allows you a higher yield as you can potentially gain more with two separate rents being charged.
If you are looking for your first home to get into the market or your parents are looking to downsize, the duplex, dual occupancy and attached granny flat could be a great option to allow you to share the build cost, but most importantly have family close by.
Make a start on your new home dreams in 2022! Get in touch and speak with us about all your new home ideas today!
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