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A duplex (or 2-plex)
is considered a
two-family home
with two apartments
under one roof.
The two apartments
are typically
separated by a
common wall or
carport or roof --- making
for more privacy and
less noise than
typical in an
apartment building
where several
apartment adjoin
above, below or next
to you!
Each of
the two apartments
in a duplex has a
separate entry and
driveway, often with
a carport or garage.
A duplex usually has
a yard large enough
for children to play
and for your pets!
A duplex can range
in size from 1600
square feet of
living space
combined (800 square
feet per side) to as
large as some single
family homes (2500
square feet with
1250 square feet of
living space per
side)! Square
footage is
considered as space
that is
air-conditioned and
heated. A lot must be zoned
specifically for a
duplex building with
a minimum size of
7000 square feet,
generally speaking.
A duplex is
a great choice in
housing for people
who may want the
feeling of the space
of a single family
home provides, but
do not want the
price.
For example, an
owner could live in
a duplex valued at
$150,000 for a
net effective house
payment of
about what it would
cost to live in one
side (rent at about
$750 for one side)!
What I refer
to as the net
effective house
payment is what it
cost an individual
or family to live in
one side after
deducting the rental
income from the
other side to offset
the mortgage
payment.
Thus OWNERSHIP of
a duplex can be
cheaper than
renting! Not
to mention the tax
advantages of real
estate ownership!
Click below to go to
...
Why
buy a Duplex? |
