Advantages of Living in a Duplex

As the cost of housing continues to rise, many individuals are exploring alternative living options, and one increasingly popular choice is purchasing a duplex. These homes offer a range of advantages, including affordability, ample space comparable to traditional single-family homes, energy efficiency, and numerous other possibilities.

1. Generous Space and Features: Duplexes are remarkably spacious, with models ranging from 1253 to 1994 square feet, complete with double front attached garages. Whether you seek a downsizing option like the Winston bungalow or a roomy two-story model like the Caspian for a growing family.An Outdoor Oasis: Duplex living allows you to create your own outdoor haven, whether you dream of growing vegetables, setting up a play structure for your kids, or even installing an outdoor kitchen. The great outdoor space in duplexes gives you the freedom to personalize it to your liking.
2. Cost Savings and Energy Efficiency: Duplexes are excellent investments in energy efficiency. Sharing a wall with a neighbor helps reduce air leakage, leading to savings on heating and cooling costs throughout the year. This eco-friendly approach also reduces your carbon footprint by conserving energy. Moreover, duplexes entail lower maintenance and repair costs compared to traditional single-family homes. Ideal for Multi-Generational Living: Duplexes make for exceptional multi-generational family homes. For instance, one-half of the duplex can be occupied by grandparents, while their children and grandchildren live in the other half. This setup allows families to stay together while still maintaining their independence.
3. Potential for Rental Income: Did you know you can build a rental unit in your duplex? Opting for the optional basement suite can provide extra income to help cover your mortgage, taxes, and maintenance costs, and in some cases, you could even experience positive cash flow. Legal basement suites offer full autonomy to each unit and can also be utilized as short-term rentals for vacationers.
4. Snowbirds’ Paradise: If you’re planning to escape south for the winter, a duplex allows you to leave with the peace of mind that a neighbor is nearby to keep an eye on your property. With the cost savings of a duplex compared to a single-family home, you’ll have extra funds to enjoy your winter months in the sunshine.
5. Stress-Free Purchase: Enjoy the convenience of acquiring a brand-new built home sooner with their simplified purchase process and curated design boards. Each duplex also includes Virtuo concierge service, providing complimentary reusable moving boxes and assisting with forwarding your mail, coordinating moving quotes, transferring utilities, and ordering waste and recycling bins.
6. Affordability Speaks Volumes:Affordability is a major advantage of purchasing a duplex. Compared to single-family homes, duplexes are typically more budget-friendly while still offering the same quality, space, and features found in any built home. While the purchase price may vary depending on the location, a duplex undeniably delivers greater value for your investment.

Purchasing a duplex is an excellent option for those seeking an affordable, spacious, and convenient home. With the multitude of benefits they offer, including lower purchase prices, ample living space, potential for rental income, and much more, it’s challenging to ignore the possibilities they present.