So what are #DualOccupancy houses? These are the types of homes that are currently considered to be the wisest investment opportunity because they offer a variety of benefits - 2 properties in 1 - Check!
When you put together a business plan for your property investments, you'll need to think about which type of investment strategy best fits your objectives.
So let’s take a quick whizz through each advantage of starting off with a DualOcc property.
Why DualOcc homes?
1. You want Privacy.
One of the biggest advantages of owning a dual occupancy home is that it is easy to rent because it offers more privacy than an apartment.
This is literally having two (2) properties built into one. This means that you can find many individuals that are willing to rent this property and allow you to begin making a return on your investment right away. Since there is privacy, renting out a dual occupancy home is very easy.
2. You are after Higher-Returns.
It is also important to consider the amount of return that you can get on your investment. With a dual occupancy home, you have the ability to collect rent from two separate dwelling areas.
This means almost double the rental value by owning a dual occupancy home. You also get a higher return on your investment. You will be able to repay the loan that you have on the purchase back in a quicker amount of time since you will essentially be recouping rent on two separate properties.
3. Low-risk as a 1st property investment
If you are looking to just get started in the real estate market, dual living units can be a great option.
The risk is relatively low. You always have the worth in the value of the home and you will get a return based off of the rent that you obtain. Many people that buy dual occupancy homes choose to live in one side and rent the other side out.
This allows you to have your mortgage payment paid for you. It is a great option if you are looking to get access to high value.
Here's our take on it -
If you are considering buying a property and trying your hand at investing in the real estate market, try starting with the purchase of a dual occupancy home.
We understand that there are duplexes, apartments, townhomes that you can start with - but we’d like to give you a headstart with dualoccs because in terms of rental advantage and flexibility - this one is always a good deal.
Check out our newly-built DualOcc property investments in NSW and QLD HERE.
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