It actually depends on your property’s location. Based on personal experience, owning a duplex property is an advantage than that of purchasing single detached ones if you are into real estate investing. Why? You can reside on the other unit and rent out the other one.
Based on my observation, Lots of people doesn't prefer this duplex type or townhomes but because these priced cheaper than single detached ones then they'll buy this. Also, they prefer this than that of purchasing a condominium. In Twinhomes or townhouses you can own a Lot, while in a condominium you just owned a space.
One of the best advantage in purchasing this house type is that, this will be considered as one of best investment property. A house or a property is a liability if you're living in it, but if you're renting it out it's an asset. If it makes you money, then it's an asset. Purchasing this type of property is a win win because, you've already secured your residence at the same time you have a rental property on the side that will serve as your milking cow and of course will help you pay your monthly amortization. You don’t have to travel far, as you can do inspection or manage the property anytime you want as you are just residing on the other side. If there are problems, it'll be too easy for you to attend to your tenants concern.
Now, if you can't afford as well to purchase a Fully completed duplex type of property or a townhouse, then a lot only can do and build your own duplex or a townhome.
Consider this Twinhomes For Sale in New Binan Laguna, this is a duplex type property for sale in Jubilation Enclave, New Binan. It is strategically located in the landmark of elegant living in Binan, status symbol, last of its kind, At the cross road of 3 big road networks (SLEX, Old National Highway and CALAX),Just a few kilometers ride to Nearby private schools, nearby hospitals, Lifestyle and Destinations in Binan Laguna.
If looking for Duplex Houses and Lot For Sale in Baguio Near SLU Maryheights in Bakakeng and soon to rise FEU in Baguio, then this Duplex property is the best residential investment property you'll have in Baguio city.
WHAT DO YOU THINK TOO, IS IT FINANCIALLY FEASIBLE TO PURCHASE A DUPLEX / TOWNHOUSES? Comment below and let me know your thoughts!
Jadi Akuti, is freelance real estate virtual admin assistant working remotely under Licensed Real estate professionals to market real estate properties in Baguio, Cebu and Metro Manila. She believed that distance is a not a barrier if you are working with a very great team. She works at home and coordinates with her colleagues who are far from her.