Have You Considered Building A Duplex?
Did you ever play monopoly as a child? It actually can teach you some very important lessons on home ownership! A duplex can be a great investment since you are building side by side there are savings like permitting, labor and material costs and so forth.
Consider These Points:
Collect rent! Renting out one side can reduce the cost of your mortgage. There are also tax benefits such as write offs (of course you will want to talk with an accountant for the best advice). Also making the most of your land in that you get your "bogo" that is 2 homes on your land !
Family members. Do you have someone that needs assistance? It's a great way to have them close by and yet allow them to maintain their independence.
Landlord. Whether or not you choose to live in one of the units you should ask yourself if you have the temperament for doing such thing? Can I screen tenants carefully can alleviate any potential problems. Can I set ground rules such as quiet time, large parties, etc?
In the game of life...Check out these duplex plans and may we make your dreams a Reality!
