411homerepair.com

Latest Articles

How to Improve Your Home Comfort with HVAC

Everyone wants a comfortable home because it provides us security, identity, privacy, control and belonging. But most of all, a home is a place we...

on Nov 26, 2021

5 Ways Hiring a Plumbing Service Can Benefit You

Living in a home with your loving family is one of the best things you can experience in your life. But as you live, your home will need...

on Nov 26, 2021

How to Know Good Roofing Companies

Everyone needs a roof over their head and roofing companies are at the heart of making this happen. Many of these companies have set up shop all...

on Nov 24, 2021

What Size of Best Sump Pump Should You Buy for Your Basement?

Pick a rainy day to try this experiment. Take your current sump pump and run it until the water level recedes to shut off level. Unplug the pump...

on Nov 16, 2021

What you Need to Know About Building a Home

A custom home can be a dream come true. It is your chance to design the perfect house for your family, complete with all the amenities and features...

on Nov 9, 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.

Author

jimtaylor

Jim Taylor

Sponsored Articles

Random Articles

Flooring that goes with My Bathroom Accessories

It is entirely possible to have flooring that matches your various bathroom accessories, but you most likely would not want solid wood floors in...

Floors / Tile / Hardwood

A Look at Gas Pipeline Welding Jobs

Gas pipeline welding jobs may vary from company to company, but their most important function is to weld pipes permanently, with heat their primary...

Construction / Materials

Safety Railings: Find Out Where You Need Them the Most

When you are on the edge of a roof or a scaffold, you know that you would need guardrails. You have the same intuitive understanding when you work...

Safety / Security

Home Improvement to Assist With a Quick House Sale

Finding the time to decorate your home can be difficult in this day and age. People's work and life balance can sometimes leave little or no space...

Improvements / Remodeling

Why Trucks are Essential During the Home Repair Process

There are many reasons for reconstructing a house. Some people do it to utilize more spaces inside the house while others do it to refine old model...

General Household

Actions

Contact Us | Submit Article | 411homerepair © 2021