You might have heard about house dual occupancy designs before. But have you wondered what they are like? If you are planning to invest in a new property or buy a home for your family, you need to know the basics about dual occupancy homes as guide.
What is a House Dual Occupancy Design?
A dual occupancy home is one of many home designs that you can choose from. It is also referred to as duplex or multi-dwelling homes. Today, you can find several layout options for dual occupancy homes. However, the idea remains the same: there are two attached dwellings sitting side by side each other. Another option would be to have the other dwelling located behind the first.
Which Choose Dual Occupancy Homes?
There are several reasons to choose house dual occupancy designs rather than hire contractors to build homes Melbourne has to offer. The first reason to choose this layout for your home is you plan to do knock down rebuild. This is an ideal option if you purchased a large block of land in an area wherein the prices are rising. You can build a duplex style home and place it up to the rental market. You will be able to double your income potential since you have two properties available for tenants to occupy.
Another reason to consider this type of home is when you want to stay in your current area but feel like the land is too big. Hence, you can build dual type dwelling to utilize the extra piece of land. It will also ease up on your mortgage payments if you can generate rental income from your property.
If you want to unlock the equity in your land or want to use the extra piece of land, a dual occupancy home is a good choice. At the same time, building a new structure attached to the original home is a good idea to provide more space. You can have that new dwelling space for your parents or other relatives that you need to be close by. There is no need to build a separate home or invest in a new property for them since you can use the huge block of land that you have.
A dual occupancy home therefore provides you with more option. You can live in one house and rent the other. You can also sell both houses and generate a lot of profit especially if your property is located in an area where the housing stock is low. Due to the potential of converting it into a rental property, this will increase the demand for your duplex home. When the demand is high, it will also cause a rise in the cost of the property in the market.
Do you think a house dual occupancy design is the best option for you? You can check out pre-designed homes Melbourne has to offer in order to find the right layout that would fit into your idea of a dream home.