411homerepair.com

Latest Articles

7 Ways to Prevent Bugs and Pests from Getting in Your Home this Summer

Summer is a synonym for outdoor activities, but it also brings pesky pests and insects. Unfortunately, you can't prevent them from popping...

on May 8, 2021

5 Classic Ways to Update Your Kitchen on a Budget

The kitchen is that one room all homeowners crave to keep updated. It’s typically the central gathering space for everyone in the household...

on May 6, 2021

8 Ways You Could Be Ruining Your Home Without Realizing

Since the worldwide pandemic began we have all spent more time in our homes than before. This has drawn our attention to ways we could be...

on May 3, 2021

5 Bathroom Renovations That Won’t Break the Bank

You don’t need to spend your hard-earned money on expensive bathroom renovations when budget-friendly options are available.If your bathroom...

on Apr 30, 2021

Easy Renovations That Can Improve Your Living Space

Becoming a homeowner is a point of pride in most people's lives, and you naturally want your living space to be a place of comfort and enjoyment...

on Apr 24, 2021

2-Family Homes - Why Are They So Popular

by Jim Taylor on May 28, 2013

If you are looking for a profitable investment property or looking to upgrade to a new home, you might consider buying a two-family house rather than a single-family home. There are several advantages to investing in a two-family home that makes them popular choices for home buyers as well as landlords.

A Two-Family Home vs a Multifamily Complex

If you are looking to invest in a rental property, a two-family home is easier to rent than a multifamily apartment complex. One reason is the location. Most residential homes are located in quiet neighborhoods while apartment complexes can be located in busy downtown areas. Homes located in neighborhood areas are more likely to draw families because of their proximity to schools and parks. The layout of a two-family home is also more appealing to renters because they have the autonomy of living in their own space without shared facilities as most apartment complexes have.

Land Values for Two Family Homes

Homes located in residential areas are also considered to be located in prime regions. These properties tend to increase in value with time. The ability to improve the home and the surrounding landscape is also better than in locations designed as community or commercial land areas. This means as a property owner you can add value to the two-family home you purchase by upgrading the components inside the house or by having the exterior landscaped.

A Better Investment Value for You

As a property investment, the two-family home is better than a multifamily complex because banks charge lower rates. This type of rental is considered the same as a single-family home so the down payment you need is much lower than what it would be for a property in a commercial zone. Not only will your down payment be lower but the overall cost of the home will be lower as well. If you ever do decide to sell, you will find a residential home is much easier to sell than an apartment complex located in a commercial area.

One way you can increase the amount of profit you make is to live in one half of the house and rent out the other half. The maintenance fees, as well as the time involved in yard work and other routine duties, will be significantly lower than if you rented out both sides. The money you obtain from your renter will help defray the cost you pay back to the bank each month. One study of a duplex rental showed the investment gave a return of $300 profit every month, which increased to $550 overtime.

Better Tenant Control

The families who move into your two-family home are more likely to be dependable, responsible tenants. If you choose to live in one half of the unit, you also have the advantage of being on the property so you can keep an eye on what your tenants do. This allows you to have more control over what is allowed and what is not. Of course, if you live on the property you are also more accessible if the tenant has any concerns or if their unit requires maintenance.

There are pros and cons to all types of property investments, but the benefits of purchasing a two-family home seem to outweigh any of the drawbacks. From an investment standpoint, this type of property will provide a better profit margin than some other property investments.

http://www.arvernebythesea.com
If you are looking to invest in a rental property, a two family home is easier to rent than the a multifamily apartment.

Author

jimtaylor

Jim Taylor

Sponsored Articles

Random Articles

What is so Special about Wind Load Garage Doors?

By wind load garage doors, we mean those constructed to withstand fierce winds. Retrofitting an existing garage door will still reinforce its...

Doors / Garages

Why Choose Polished Concrete Flooring?

When deciding on what flooring to put in a new home, everyone wants that will enhance the overall appearance of their home. Installing a polished...

Floors / Tile / Hardwood

Signs That Your Air Conditioning Unit Needs Replacement

A customer has to understand the bad symptoms made by his AC unit. The bad symptoms shown by the AC unit are the major indications for you to check...

HVAC / Air Conditioning

Garden Water Features and Fish – Basic Tips You Should Know About

The secret to owning beautiful water features is a basic understanding of what happens to water when fish are placed in ponds or water gardens,...

Garden / Landscaping / Patio

How to Take Care of Your Wood Garage Doors

Whether or not you own garage doors, you probably know that wood is one of the most elegant but also hard to maintain materials. There is no...

Doors / Garages

Actions

Contact Us | Submit Article | 411homerepair © 2021