Is a duplex right for you?

Buying a Duplex: Is it Right for You? Investing in a duplex could be a good investment but is duplex living the right decision for you? CANSTAR has highlighted a few duplex pros and cons to help you.
If you’re looking to buy a house but are on a smallish budget, or don’t have enough for a house in your desired area, a duplex property might be the answer to your problems. According to VFM buyers’ agent Tony Coughran the humble duplex is commonly overlooked in the property search for would-be home buyers and investors.
“Overall duplexes are a solid investment and often a good stepping stone towards buying a house, or the next best thing to buying a house,” he said.
Sometimes the pair of homes in the duplex will be owned and sold together if they exist on one land title. Sometimes separate titles exist so a duplex pair can be individually owned and sold.
Is duplex living for you?
If you’re considering buying a duplex, there are three main pros and cons with duplex living that you should take into account.
Possible pros for buying a duplex
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Possible cons for buying a duplex
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So as you can see there are many aspects you should consider if you’re thinking of buying a duplex property. While there aren’t any definitively negative things about owning one, there are a handful of things that could become problems if you buy a duplex without considering them. Ultimately it comes down to personal preference and choice.
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The comparison rate for all home loans and loans secured against real property are based on secured credit of $150,000 and a term of 25 years.
^WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.