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Showing posts from February, 2020

Top Reasons to Consider a Duplex Home

People have various options to choose from when it comes to the type of home they would like: a single-family home, a townhouse, a condo, etc. Amongst so many choices, one is, of course, a duplex. Owning a duplex in several countries offers you several perks, mortgage advantages and tax benefits. You can rent out a part of it or put it up for homestay on platforms like Airbnb to earn a handsome amount consistently. The benefits are not limited to just this, we have few more reasons as to why you should consider a duplex home. Mortgage Benefits If you need help with mortgage, investing in a duplex is a wise decision. It lets you create equity quickly depending on the situation. Let’s say building a duplex costs you $500,000, once it is subdivided, each piece can be sold at $300,000 giving you a profit of $100,000 within a year or two. These extra bucks let you pay your mortgage quickly. Rental Income You can pay a mortgage not only by selling other parts of the hous

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